XAGUSD H4 I Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward our buy entry level at 31.26, a pullback support.
Our take profit is set at , a pullback resistance.
The stop loss is placed at 30.47, a pullback 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.
Commodities
XAUUSD H4 | Bullish Bounce OffBased on the H4 chart analysis, we can see that the price is currently testing our buy entry at 3150.51, a pullback support.
Our take profit will be at 3212.38, a pullback resistance.
The stop loss will be placed at 3085.81, a pullback 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.
Gold had Swept Lows and Filled Bullish Gaps! Reversal next?This is price action that I was patiently waiting for. Now that we have that sweep lows Im looking for signs price want to turn around. It can remain bearish for now. But Im expecting to see something clear by the time we get inside of the killzone.
NNFX XAUUSD Short Full Signal BreakoutSignal: XAUUSD Short — Full Signal - Entry on Breakout of Order Block
Context:Regime Shift, to ranging market - from long trend.
Probability: Normal - Regime clearly changed, no longer trend long. Fundamentals support this has changed. Full Signal from Judge Fortress Algo Short Supports it, order flow has large range to support the trade.
Risk: Full 2% → Although, Volume at time of entry still slightly bullish at 13% Delta
R:R Plan: Potential is 2.38R, 75% scale-out at TP given the range and drawdown management.
Scale out at 1xATR worth of range (TP) and let 25% Runner stretch to the next order block. Secure profits and observe for blocks to secure to.
The flipside is there is a chance that price could encounter long tension before the the next order block to support the overarching trend based on demand globally and fundamentally. But we would have taken 75% off at this stage.
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Notes:
First trade on Gold in a long time for Judge Fortress Algo. Signal is journaled for observations.
SILVER SUPPORT AHEAD|LONG|
✅SILVER will soon retest a key support level of 3170$
So I think that the pair will make a rebound
And go up to retest the supply level above at 3250$
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
WTIUSD Building a Base – Bullish Reversal Setup Above $58?# WTIUSD
**Instrument:** WTIUSD
**Current Price:** Around $60
**Bias:** Bullish (Reversal)
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**Analysis:**
WTI is showing signs of a potential **trend reversal** after forming a solid base near the $53.8 level, marked as the **invalidation zone**. Price has reclaimed the $58.3 support level and appears to be preparing for a bullish continuation, especially if it forms a higher low near this level.
A sustained move above $58.3 followed by bullish structure could open the door toward **$70.0** and possibly even **$75.0** in the medium term.
---
**Key Levels:**
- **Support:** $58.292
- **Invalidation:** $53.828 (price closing below would negate the setup)
- **Bullish Targets:** $70.0 – $75.0
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**Trade Idea (Not Financial Advice):**
Look for confirmation of support holding above $58.3 and potential bullish momentum for entries. Invalid if price breaks and closes below $53.8.
---
> **Disclaimer:**
> This analysis is for educational purposes only and should not be taken as financial advice. Trading commodities involves significant risk. Always do your own research and use proper risk management.
An Unharmonious Outlook for the New WeekGold Bullish? Sure, go ahead, but let me explain where we are and so on... 🤔
1. Newswise 📰
Tariffwar:
Trade tensions between the U.S. and China have intensified following President Trump's tariff hikes. The U.S. increased tariffs on Chinese imports to 145%, while China retaliated with tariffs up to 125% on U.S. goods. Despite these escalations, both countries have engaged in high-level negotiations in Geneva, aiming to de-escalate the situation. However, a recent abrupt withdrawal by the Chinese delegation has cast doubt on the progress of these talks. Analysts caution that even if an agreement is reached, it may offer only temporary relief, leaving markets exposed to prolonged trade tensions.
Federal Reserve does not cut interest rates:
President Donald Trump has been vocal in his criticism of the Federal Reserve’s decision to keep interest rates unchanged, calling Fed Chair Jerome Powell a “fool” for not lowering them. 😡 Trump argues that with falling energy prices, stable employment, and low inflation, the Fed should cut rates to stimulate economic growth. 📉
The Federal Reserve, however, remains cautious. 🏦 Officials have expressed concerns that recent tariffs could increase inflation, making premature rate cuts risky. They emphasize the need for clearer economic data before making further policy adjustments. 🧐
In summary: While Trump pushes for immediate cuts to boost the economy, the Fed is taking a measured approach, prioritizing long-term stability over short-term political pressure. ⚖️
War in Ukraine remains tense:
Western leaders, alongside President Zelensky, are calling for a 30-day ceasefire starting May 12. Russia has shown a willingness to negotiate but demands an end to Western military aid — a condition firmly rejected. 🚨
Conclusion: The coming days will be critical. A ceasefire could open the door to new peace efforts. If rejected, expect tougher sanctions and further escalation. 💥
India–Pakistan Conflict:
Tensions between India and Pakistan have escalated sharply following a militant attack on Indian tourists in Kashmir on April 22, 2025. India responded with airstrikes, prompting mutual accusations of missile and drone attacks. 💣 Despite a U.S.-brokered ceasefire announced on May 10, violations followed within hours. Both countries, nuclear-armed, have mobilized troops along the Line of Control. ⚔️ Global powers — including the U.S., U.K., China, and G7 — have urged restraint and offered to mediate. 🌍
2. Technicalwise 📊
1h Timeframe – Bearish Anti-Gartley Pattern
15m Timeframe – Bearish Anti-Butterfly Pattern
That’s not a sign of gold being bullish in the short term. 🚫
Let’s take a look at RSI values across timeframes:
- 5m – 31 – Down ⬇️
- 15m – 37 – Down ⬇️
- 30m – 43 – Down ⬇️
- 1h – 45 – Down ⬇️
- 4h – 46 – Down ⬇️
- 1d – 55 – Up ⬆️
Interpretation of RSI Values 🧐
5m to 4h (31 to 46 – all “Down”)
→ These low RSI values (below 50) across short- to mid-term timeframes indicate ongoing selling pressure and downward momentum. Although not yet in oversold territory (<30), this still signals relative weakness. ⚠️
1d (55 – “Up”)
→ On the daily chart, the RSI is above 50 and rising, suggesting a possible trend reversal or early signs of recovery — a bullish signal over the longer term. 📈
Overall Meaning 🧠
This points to short-term weakness within a broader potential uptrend. The market is soft on lower timeframes — likely in correction or consolidation — while the daily chart begins to show strength. It's a classic pullback setup in an uptrend. 🔄
Possible Strategy Consideration 💡
If you're leaning bullish, look for reversal signals on the smaller timeframes to align entries with the daily trend — such as RSI divergences or breakouts above local resistance. 📊
My Bias 🤔
Bearish sentiment dominates in the short term. Over the next week, I aim to enter short positions targeting $3,200. 📉
If sentiment shifts or key news emerges, a target of $3,400 becomes more realistic. 🚀
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
GOLD Rising Support Ahead! Buy!
Hello,Traders!
GOLD is making a nice bearish
Correction and will soon hit
A rising support line at which point
Gold will be trading at a 10% discount
Giving us a great entry point
To ride the coming bullish wave
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
$UNG starting to accumulate a position. Swing TradeBuilding a position in unleveraged natural gas AMEX:UNG in $13-14's
Divergence on price/RSI.
Falling Wedge
Would like to see price get over and hold above daily 50MA
Will likely update once that is achieved
After 50MA is achieved and held, breakout the wedge and target the 200MA daily for profit.
Add on down days and be very patient with this one
Crude oil is extremely bullish.I see a very similar market structure in crude oil’s big picture as in the early days of Bitcoin. People will say, “But what about electric cars?”—yet few realize that over 6,000 products are made with oil. Not to mention, long-term oil use isn't going anywhere, even with the rise of electric vehicles.
I believe oil is actually very undervalued and has been repressed for many years. It can't be held down forever—a big upward move is pretty much inevitable.
As always, stay profitable.
- Dalin Anderson
Gold - This is still clearly not over!Gold - TVC:GOLD - just needs a moment to breathe:
(click chart above to see the in depth analysis👆🏻)
It is just incredible how Gold has been rallying lately. Just over the past 1.5 years, Gold is up another +80% and is creating new all time highs every month. Since these strong rallies continue a lot longer than most people think, Gold still has significant upside potential.
Levels to watch: $3.500, $4.000
Keep your long term vision!
Philip (BasicTrading)
Analysis of the latest gold trend on May 15:
I. Analysis of news
Short-term pressure factors
Fed policy expectations: The market's expectations for the Fed to maintain high interest rates have strengthened (especially after the release of April CPI data), and the strengthening of the US dollar has suppressed gold prices.
US-China trade easing: The rebound in risk appetite has weakened the safe-haven demand for gold, but the impact is limited, and we need to pay attention to subsequent progress.
Global inflation signal: If US inflation data (such as PCE) falls in the future, it may ease hawkish expectations and provide support for gold.
Long-term support factors
Geopolitical risks: Potential risks such as the situation in the Middle East and the conflict between Russia and Ukraine still exist, and safe-haven buying may return at any time.
Central bank gold purchase demand: Central banks of various countries (especially emerging markets) continue to increase their holdings of gold, which has long-term support for gold prices.
II. Technical analysis
Daily level
Short-selling dominance: The big negative line fell below the lower Bollinger track, MACD dead cross and large volume, RSI is close to oversold (42.99), and there may be a rebound correction in the short term, but the trend is bearish.
Key positions:
Resistance: 3200-3210 (top and bottom conversion position), 3230 (5-day moving average).
Support: 3170-3160 (short-term psychological barrier), 3140 (March low).
4-hour level
Downward channel continuation: moving averages are arranged in short positions, MACD crosses below the zero axis, but be alert to the possibility of bottom divergence.
Operation signal: If it rebounds to around 3200 and is under pressure, you can arrange short orders. If it falls sharply to below 3160 without breaking, you can lightly position and bet on a rebound.
3. Operation strategy
Short-term:
Short orders: Enter the market in the 3200-3210 area, stop loss above 3220, target 3170-3160.
Long orders: Try to stabilize around 3160, stop loss below 3150, target 3180-3190 (quick in and out).
Mid-term: If it falls below 3160, look down to 3140-3120; if it stands at 3230, short orders need to be cautious.
IV. Risk Warning
Focus on data:
US April PPI (May 14), retail sales (May 15), speeches by Fed officials.
Sudden news of geopolitical situation may trigger short-term sharp fluctuations.
Position management: The current volatility is amplified, and it is recommended to hold a light position + strict stop loss.
V. Summary
Gold is subject to the hawkish expectations of the Fed in the short term, and the technical side is short-term dominant, but it is necessary to be vigilant against rebound corrections after oversold. Investors need to respond flexibly based on data and events, give priority to high-altitude and cautiously buy at the bottom. In the medium and long term, global economic uncertainty and central bank gold purchase demand will continue to provide support for gold.
USOIL UPDATEweek hit its largest since the week of March 7, 2025. The EIA crude oil inventory for the week stood at 3.454 million barrels, contrasting with the expected -1.078 million barrels and the previous figure of -2.032 million barrels.
On Wednesday, crude oil exhibited a high-range oscillatory pattern: it stabilized and rebounded near $62.7, then pulled back after reaching $63.6, maintaining volatility within a narrow upper range. Influenced by the large bullish candlestick on the daily chart, oil prices still carry an upward probability.
Overall, crude oil remains in a bullish consolidation phase. For trading strategies, a "buy low, sell high" approach is recommended, with resistance levels to watch at $63.6–64.5 and support levels at $62.7–61.2.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Crude Oil Update: Trends & Trading TipsThe current rebound in the oil market is influenced by multiple positive factors: easing trade tensions, a weaker US dollar, declining fuel inventories, and geopolitical progress. However, the sustainability of this upward momentum still requires observation. Key variables for short-term oil price fluctuations include confirmation from official inventory data, developments in Middle East tensions, and further changes in US policies toward countries such as Iran and Russia.
The real-time trading signals we provided have been profitable every day. If you don't know how to get started, you can refer to my strategies. 👉🏼👉🏼👉🏼
The short-term trend of crude oil has restarted its upward movement, with oil prices testing around 63. The moving average system is in a bullish arrangement, indicating that the objective short-term trend has returned to an upward trajectory. In the early trading session, oil prices fell within a narrow range, forming a secondary rhythm, and the intraday trend is expected to continue its slight upward momentum.
Overall, today’s trading strategy for crude oil is recommended to prioritize buying on pullbacks, supplemented by shorting on rebounds. Short-term resistance lies in the 64.5–65.0 range, while support is seen at 62.0–61.5.
USOIL
buy@62.00-62.50
tp:63.50-64.50
Investment itself is not risky; it is only when investment is out of control that risks occur. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.👇🏽👇🏽👇🏽
GOLD: The Market Is Looking Up! Long!
My dear friends,
Today we will analyse GOLD together☺️
The recent price action suggests a shift in mid-term momentum. A break above the current local range around 3,183.66 will confirm the new direction upwards with the target being the next key level of 3,208.13 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
SILVER: Bears Are Winning! Short!
My dear friends,
Today we will analyse SILVER together☺️
The market is at an inflection zone and price has now reached an area around 32.229 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move down so we can enter on confirmation, and target the next key level of 31.986.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Here’s the latest follow-up on our weekly chart setup and as anticipated, it’s playing out as analysed with the test into the top of our Goldturn Ascending Channel and rejection.
Price tested the upper boundary but failed to secure a sustained breakout. The EMA5 did not cross and lock outside the channel, signaling a lack of confirmation for bullish continuation. Instead, the top of the channel acted as a clean resistance zone, resulting in a firm rejection.
We are now seeing price pull back toward our identified support zones at 3281 and 3189, of which price can slowly align with the channel’s midline with either price finding support here, or we look for it to gradually sync up with the half-line of the channel for structural support.
As always, patience and precision are key. We'll continue using the 1H and 4H timeframes to buy dips on retracements into these support zones, targeting clean 30–40 pip moves. These levels and pullbacks offer ideal opportunities, especially in ranging conditions where our Goldturn method truly shines.
This is exactly why we rely on our Goldturn Channels, our proprietary system built on weighted averages. It filters the noise, helps us spot real breakouts vs. fake-outs, and gives us the confidence to act with clarity and discipline.
Thanks again for all the support, your likes, comments and follows.
MR GOLD
GOLDVIEWFX
WTI Crude Oil: Trade Idea Context and SetupOur Long trade idea has already reached its target at 5921.75 in ES futures.
If you missed it, here’s a link to our article from the start of the week:
Note that, our entry was at 5861, while our stop was at 5837 in the example trade idea. The maximum low price was 5835.75 during Monday’s overnight session. Our stops could have been filled given this, however, we want to remind traders that these example trade ideas are for educational purposes, they are not a recommendation. Stops are never meant to dictate exact stop prices. Trader’s should place their stops according to their own risk management plan whether that be a mix of fixed dollar amount and market structure or filtering down to execution time frames to place stops per market generated information and structure.
Today’s Trade Idea: WTI Crude Oil
We will analyze the Long trade idea in WTI Crude Oil, providing both context and setup.
Fundamental Analysis Supporting Our Scenario:
Following the reciprocal tariff announcements, WTI Crude Oil fell to its lowest level of 54.48, a price last seen in 2023.
While equity markets have recovered, crude oil remains subdued—widely attributed to concerns over OPEC+ overproduction.
However, as we’ve previously explained, this interpretation is incorrect. The OPEC+ production increases were planned as early as December 2024, and the rollback of voluntary cuts is primarily aimed at meeting domestic demand within OPEC+ countries.
This uptick in consumption also coincides with seasonal demand from summer and the Hajj pilgrimage in Saudi Arabia.
Additionally, with the reversal of China’s escalatory tariffs and newly signed deals in the Middle East, many analysts have revised their GDP and recession forecasts upward.
We believe this improved economic outlook is yet to be priced in by the oil markets.
Technical Analysis Supporting Our Scenario:
From a technical standpoint, there is a significant resistance zone and key Low Volume Node (LVN) stacked just above the 2025 mCVAL and Q2 2025 mCVAH. The March 2025 Low also sits just above this cluster.
Our analysis projects a potential move from these levels up to the next major area of stacked levels:
• AVWAP from 2025 High
• Yearly 2025 VWAP
• 2025 Mid-Range
This sets the stage for a potential long opportunity in WTI Crude Oil as markets begin to price in shifting fundamentals and technical conditions align.
Key Levels:
• 2025 mCVAL: 63.38
• Q2 2025 mCVAH: 63.21
• AVWAP from 2025 Hi: 66.70
• Yearly 2025 VWAP: 67.44
• 2025- Mid Range: 66.52
Example Long Trade Idea: Probing Liquidity
Time frame: 1 hour or 30 mins
• Entry: 63.50
• Stop: 62.90
• Target 1: 64.37
• Target 2: 66.70
• Risk: 120 ticks
• Reward: 407 ticks
• Risk/Reward Ratio: 3.4R
Important Notes:
• Note that DOE inventories numbers are scheduled today at 10.30 am ET. Watch your risk amid volatility caused by this economic release.
• These are example trade ideas and not financial advice or recommendations.
• The trade idea considers 2 contracts to calculate risk and reward.
• Traders should conduct independent analysis and ensure proper risk management.
• Stop-loss orders are not guaranteed; slippage may occur, resulting in losses beyond predefined levels.
• AVWAP levels are accurate at the time of posting, they may vary as indicator further calculates prices with new volume and price information.
Glossary Index for all technical terms used:
VAL: Value Area Low
VAH: Value Area High
VP: Volume Profile
AVP: Anchored Volume Profile
C: Composite (prefix before VAL, VAH, VPOC, VP, AVP)
mC: micro-Composite (prefix before VAL, VAH, VPOC, VP, AVP)
AVWAP: Anchored Volume Weighted Average Price
NYMEX:CL1!
Gold Testing PRZ & Resistance Zone-Short Opportunity? Gold ( OANDA:XAUUSD ) moved according to yesterday's analysis and the position that was Risk-To-Reward:1.61 and hit the target of this position. Do you think Gold will continue its correction, or should we wait for the next gold rally to start?
Gold is trading in the Resistance zone($3,280-$3,245) near the Potential Reversal Zone(PRZ) , and the Resistance lines .
From a Classical Technical Analysis perspective , it seems possible that an Ascending Broadening Wedge Pattern could form.
Educational note : An Ascending Broadening Wedge is a bearish technical pattern characterized by higher highs and higher lows that expand over time. It signals increasing volatility and weakening bullish momentum, often leading to a breakdown below support.
In terms of Elliott Wave theory , Gold appears to be in corrective waves in the 15-minute time frame .
I expect Gold to decline at least to the Support lines again , at least I think you can find a good Risk-To-Reward in PRZ for short positions .
Note: If Gold touches $3,292 [ Worst Stop Loss(SL) ], we can expect further gains.
Gold Analyze ( XAUUSD ), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USOIL:Sharing of the Latest Trading StrategyAll the trading signals today have resulted in profits!!! Check it!!!👉👉👉
With the easing of geopolitical tensions and the bearish impact of the US EIA crude oil inventory data, the overall trend of crude oil remains bearish. Technically, focus on the resistance level of 64.5 - 64.0 on the upside and the support level of 60.5 - 60.0 on the downside. In terms of operation, wait for a rebound to go short.
Trading Strategy:
sell@63.5-63
TP:62-61
The signals in the Signature have brought about continuous profits, and accurate signals are shared every day. Hurry up and click to get them!
👇 👇 👇 Obtain signals👉👉👉
Is $3000 the Next Stop for Gold? Double Top Formation in Play!Is $3000 the Next Stop for Gold? Double Top Formation in Play!
Gold (XAU/USD) is showing signs of a potential bearish reversal as it forms a Double Top pattern on the daily chart. After hitting an all-time high near $3,500, the metal has entered a sharp correction phase and is now hovering dangerously close to key psychological support at $3,200.
Technical Analysis Breakdown:
A clear Double Top pattern is forming on the Daily (D1) chart, with two peaks near the same resistance level — a classical bearish signal indicating bullish exhaustion.
If today’s daily candle closes below the $3,200 level, we could see a rapid decline toward $3,000 in the short to medium term.
The neckline for this pattern aligns with the critical support zone between 3196–3200, which is the key area to monitor for potential breakdown confirmation.
What’s the Smart Money Doing?
Investors are currently pulling out of gold and rotating into higher-risk assets like equities and cryptocurrencies, looking for higher yields and growth potential.
This shift in investment suggests that the current sell-off might not just be a technical correction, but also a sign of changing macro sentiment — particularly if the Fed continues with a hawkish stance and delays rate cuts.
Suggested Trade Scenarios:
🔻 If Daily Close is Below $3,200:
High probability sell setup based on the Double Top pattern
Potential downside targets: 3120 → 3050 → 3000
🔺 If Price Holds Above $3,200 and Bounces:
Watch for a retracement to 3250–3278 for potential reversal signals
Short-term BUY scalp towards 3300–3320 with a tight SL below 3190
What to Watch This Week:
Keep an eye on key US economic data, including CPI, PPI, and a Fed Chair speech, which could cause significant volatility.
The market is highly reactive right now — avoid emotional trades and wait for clear confirmation from the charts.
Risk management is essential, especially during these uncertain times.
Final Thoughts:
The Double Top pattern on Gold is becoming a significant technical signal for a potential trend reversal. A confirmed break below $3,200 could open the door for a deeper correction toward $3,000.
📣 Stay connected with AD for more real-time updates, technical insights, and trading setups during every market session.
GOLD Will Explode! BUY!
My dear followers,
This is my opinion on the GOLD next move:
The asset is approaching an important pivot point 3189.8
Bias - Bullish
Safe Stop Loss - 3179.7
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 3207.3
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK