Commodities
SPY/QQQ Plan Your Trade For 5-14 : Carryover PatternToday's pattern suggests the SPY/QQQ may attempt to stay somewhat elevated. The Carryover pattern is essentially a pattern saying, "expect more of the same type of trending today".
I would suggest the SPY/QQQ are somewhat extended and may pause a bit today.
I shared a chart I created back on March 23, 2025 that I found very interesting - showing a big rally in late-April/early-May. If that chart continues to be accurate - it suggests the markets may attempt a reversion move to the downside over the next 20-30+ days.
Time will tell if my predictions play out accurately or not.
Gold is moving into new BEARISH trending on the GOLD Cycle Patterns. After an extended consolidation phase in metals, this shift in the trend models was going to happen at some point.
Now, we need to see if Gold/Silver can hold above recent support or not. Even though I believe Gold/Silver are poised for another big rally, the disruptions related to the global economy and tariffs seems to have taken some of wind out of the sails of the metals rally (for now).
Bitcoin continues to lead the SPY/QQQ. Keep an eye on what BTCUSD does over the next 7-15+ days as I believe it will lead the US markets in trending (still).
Get some.
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Is gold about to break $3200 support?Gold has been trending lower amid growing risk appetite with stocks surging higher.
With no big bearish catalyst in sight for stocks, the market mood is optimistic and that means the pressure on gold is growing for a drop. The big macro driver has been a thaw in US-China trade tensions. With tariff rollbacks on both sides and negotiations showing real progress, investors are getting more comfortable. What’s more, Tuesday’s softer-than-expected US inflation print added fuel to the fire — calming nerves that Trump's trade tariffs would trigger a fresh inflation wave.
So, for now, sellers are in control of defensive plays like gold and yen, while the tech sector, especially chipmakers, is the main beneficiary.
Gold could potentially break THIS key support area around $3200 after making lower highs and lower lows on the intra-day charts. While the long-term trend is still bullish, I wouldn't be surprised if the bearish momentum continued for a few more days.
The first downside target is at 3136, followed by 3073 and then - the big level - 3,000. Could we see a drop to these levels in the coming days?
By Fawad Razaqzada, market analyst with FOREX.com
TA on WTI Oil - 2025.05.14Quick technical analysis on WTI oil.
Let us know what you think in the comments below.
Thank you.
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Focus on 3200 for some support during the day🗞News side:
1. Sino-US tariffs have been eased
2. U.S. trade progress and focus on geopolitical risks
📈Technical aspects:
Yesterday we gave a long trading strategy and have been waiting to see whether the gold price can touch our target point of 3270. However, gold did not fluctuate much after the opening of the Asian market, so I chose to manually close the position near 3256.
To be honest, the market did not fluctuate much today whether it was up or down, and it is still consolidating within our box range of 3220-3265. Although gold is generally weak, it has a higher probability of strengthening during the day, and the early gap may be ready for market recovery. At present, the gold price has tested the 3240 line many times. If it cannot stand above 3240, it may test the strong support of 3200 again. If there is no breakthrough below the strong 3200 support, the market may repeat
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.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
XAUUSD: Market Analysis and Strategies Today, May 14Technical analysis of gold
Daily chart resistance 3284, support below 3200-3167
Four-hour chart resistance 3270/3284, support below 3200
One-hour chart resistance 3250, support below 3200
Analysis of gold news: On Tuesday (May 13), the US Consumer Price Index (CPI) data for April was released, showing that inflationary pressures have eased, providing a complex signal to the market. This mild data that was lower than expected, coupled with the uncertainty of recent tariff policies, triggered an immediate market reaction and reshaped the Fed's expectations of rate cuts. Although the data tended to be dovish, the market reaction was not completely one-sided, showing a game of caution and optimism. Because bargain hunting occurred after prices hit a one-week low. In the previous trading day, due to the tariff truce agreement reached between China and the United States, market risk appetite increased, weakening the safe-haven appeal of gold, and gold prices were therefore under pressure.
Yesterday, gold hit a high point before the data was released and then fell sharply, which also showed the repetitiveness of market sentiment. However, in the future, some negative factors have gradually landed, and the Fed's interest rate cut will be put on the agenda again in the medium term. The medium-term favorable pattern for gold has not changed, so gold is still bullish in the medium and long term, but there may be a decline in the short term.
Gold operation suggestions: From the current trend analysis, the lower support focuses on the 3200 integer support, and the upper pressure focuses on the one-hour chart resistance 3250 and the four-hour chart resistance 3284. The short-term long and short strength dividing line is 3284.
SELL: 3283near SL: 3288
SELL: 3270near SL: 3275
USOIL UPDATEHello friends
Given the recent growth in oil prices, it is natural for the price to correct. Now we have obtained the most important price support areas for you and we have also specified the target. If you are willing to enter the transaction, be sure to observe capital management.
*Trade safely with us*
Best GOLD XAUUSD Psychological Levels Indicator on TradingView
There is one free technical indicator that will show you every significant psychological level on Gold XAUUSD chart.
It is available on TradingView and it is very easy to set.
Discover the best psychological support and resistance indicator for Gold trading , its settings and useful tips.
First, let's discuss the significance of psychological levels in GOLD XAUUSD analysis and trading.
The classic way of the search of significant supports and resistance is based on the analysis of a historic price action.
However, while Gold constantly sets new historic highs such a method does not work, because there are no historic resistances to rely on.
In such a situation, the only reliable strategy to find potentially strong resistances is to analyze psychological levels.
Psychological levels are the round numbers based price levels. Because of the common human psychological biases, these levels attract the interest of the market participants and the prices tend to react to them.
A great example of a psychological level in Gold trading is 3000 level.
It served as a resistance first and after a breakout turned into an important support.
And I found a free technical indicator that plots all the significant psychological levels efficiently.
One more thing to note is that I strictly recommend searching for psychological levels on a daily time frame, because it provides the most relevant perspective.
To use this indicator, search "round" in indicators wind ow.
It is called "Round numbers above and below".
Click on that and it will start working immediately.
You can see that the indicator plotted 3 significant psychological resistances above current prices and 3 supports below on Gold chat.
In the settings of the indicator, you can change the number of levels to identify and change the style of the horizontal lines.
Examine the reaction of the price to psychological supports that the indicator shows. These levels may remain significant in futures and applied for pullback/breakout trading.
With a crazy bullish rally that we contemplate on Gold this year, psychological levels will be the most reliable technical analysis tools for the identification of future bearish reversals and corrections.
This free technical indicator on TradingView will help you in search of the strongest ones.
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD (XAUUSD): Detailed Technical Outlook & Trading Plan
As we discussed on the yesterday's live stream,
Gold is currently in a consolidation stage.
The price is stuck within a wide horizontal channel on a daily
and we see a test of its support at the moment.
With the absence of high impact news in the economic calendar,
I assume that a consolidation will continue and there is a high
chance to see a pullback.
Your confirmation signal will be a bullish breakout and a 4H candle close
above 3271 - upper boundary of the intraday horizontal range.
There will be a strong possibility of a rise to at least to 3320 level.
Alternatively, a bearish violation of a support of the range on a daily
and a daily candle close below that may trigger a further decline.
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold Strong Crash, Final Warning —Moving Below $2,000XAUUSD (Gold) will move below $3,000 with very strong bearish momentum. You cannot say that you were not warned. It will continue lower to hit a target around $2,750 after $3,000 fails as support.
After the $2,750 target hits, I will look again at the chart and see what it has to say. Below $3,000 is ultra high probability, guaranteed basically. $2,750 is also very high probability that it will hit.
Will it continue lower? At this point it is hard to tell because I don't know Gold's long-term dynamics in a correction, but it isn't looking pretty. If current geopolitical conditions is what's making Gold bearish, then XAUUSD is set for a long-term bear market because everything will continue in the same vein.
That is only if that's the reason why Gold is bearish.
» Looking at the monthly chart, it is a disaster. Gold is set to move below $2,000 in the coming months.
Do you agree?
Disagree?
Leave a comment.
Thank you for reading.
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Namaste.
SILVER Is Going Up! Long!
Please, check our technical outlook for SILVER.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,288.0.
Considering the today's price action, probabilities will be high to see a movement to 3,451.9.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Crude Oil Going Higher - TA and fundamentals aligneThe 0-5 count is not over yet.
Sudo 4 and 5 are still lurking.
It's good to see how the Medianline-Set cought the Highs of the swings. Likewise we can see the subborn rejection at the Center-Line at P3.
I will not trade CL to the short side, until it's clear that P4 is engraved in this Chart. Until then, I maybe shoot for some intraday or dayli trades in Crude.
Economy Facts that support a rise, up to P4:
Crude oil refineries typically switch to producing more gasoline (fuel for cars) in the spring, particularly around March to April in the United States and other northern hemisphere countries.
Seasonal demand: Warmer months mean more driving and vacation travel, increasing gasoline demand.
Regulatory change: Refineries begin producing summer-grade gasoline, which has lower volatility and is required by environmental regulations (especially in the U.S. under EPA rules).
The switch to summer-grade gasoline must be completed by June 1st for retail and May 1st for terminals and pipelines in the U.S.
In Summary:
- Switch begins: March–April
- Completed by: May (terminals), June (retail)
- This seasonal shift is often called the "refinery maintenance season" or "spring blend switch."
GC - Gold digging for a possible ShortAfter reaching WL2, we saw a sharp pullback followed by an immediate double top. Price failed to reach the centerline of the yellow fork, instead stalling at the 1/4 line.
Then came the break of the lower median line (L-MLH), a pullback to the white WL1—then the drop began.
If this market can’t push to new highs, we’ll likely fall back into the median line set. A pullback to the upper median line (U-MLH), as indicated by the red arrows, is a probable scenario.
Next stop: the white centerline.
I trade tiny. I trade with extremely high risk-reward setups. I’m fine getting stopped out all the time —because I’m hunting huge moves.
I don’t chase. No FOMO.
It’s how I sleep well, make money from trading and keep my stress level very low.