XBR/USD Chart Analysis: Oil Price Rises to Key ResistanceXBR/USD Chart Analysis: Oil Price Rises to Key Resistance
Yesterday, the price of Brent crude climbed above $65.60 — the highest level in over a week.
According to media reports, several bullish factors are driving this move:
→ Stalled negotiations between the US and Iran over abandoning Iran’s nuclear programme in exchange for lifting oil export sanctions;
→ Wildfires in Canada, which have significantly reduced oil output;
→ Market reaction to the OPEC+ meeting held over the weekend;
→ A weakening US dollar.
Technical Analysis of the XBR/USD Chart
From a technical standpoint, Brent crude oil:
→ Has been forming a short-term ascending channel (marked in blue) since the beginning of the week;
→ Has approached a major resistance level.
This resistance is defined by the upper boundary of a narrowing triangle, with its central axis around the $63.70 level — a price that could be considered a fair value based on trading over the past one and a half months.
This situation points to two possible scenarios:
→ A downward reversal from the key resistance, with expectations that the price will return to the triangle’s central axis. A break below the lower boundary of the local blue channel would support this scenario.
→ An attempt at a bullish breakout of the triangle. While this scenario cannot be ruled out, it appears less likely due to the global economic slowdown risks posed by tariff-related trade barriers.
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Commodities
Gold Awaits Breakout: Will the 3345–3370 Range Explode? XAUUSD 04/06 – Gold Awaits Breakout: Will the 3345–3370 Range Explode?
Gold is currently consolidating within a critical range between 3345–3370, following a wave 4 correction. After a sharp retracement to the 335x area, traders are closely watching for the next move — either a continuation of the correction or a breakout toward new highs.
🌍 MACRO CONTEXT
Trump–Xi Call Incoming: A high-level diplomatic call is expected in the coming days. Market participants are anticipating potential shifts in global trade sentiment.
US 10-Year Yields remain elevated, keeping pressure on gold in the short term. However, geopolitical risks and macro uncertainty still support demand for safe-haven assets.
The US Dollar Index (DXY) is showing signs of weakness after recent strength, which may give gold room for recovery.
📉 TECHNICAL ANALYSIS – H1 / H4 Timeframe
Gold is in a wave 4 structure within a 5-wave Elliott pattern. A break above 3370 could signal the beginning of wave 5, targeting 3400.
A breakdown below 3345 would imply deeper correction toward the 332x liquidity zone, completing wave 4 before a bullish continuation.
EMAs 13 and 34 remain above EMA200 on H1, indicating the broader uptrend is still intact.
🔑 STRATEGIC PRICE LEVELS
🟢 BUY ZONE: 3317 – 3315
Stop Loss: 3310
Take Profit: 3322 → 3326 → 3330 → 3334 → 3338 → 3345 → 3350 → 3360
🔴 SELL ZONE: 3372 – 3374
Stop Loss: 3378
Take Profit: 3368 → 3364 → 3360 → 3356 → 3350 → 3345
⚠️ STRATEGY RECOMMENDATION
Respect the 3345–3370 range until a breakout is confirmed.
Avoid chasing trades in the middle of the range. Wait for strong rejections or clear breakout confirmations.
Be cautious with unexpected news from the Trump–Xi call, which may trigger sudden market volatility.
📌 FINAL THOUGHT
“Gold is at a turning point. Break above 3370 and we may see wave 5 unfold toward 3400. But a breakdown below 3345 could drag price lower before the next bullish leg begins. Focus on the key zones — volatility is just getting started.”
XAUUSD consolidation before a decisionGold FX:XAUUSD is currently hovering around 3,354 after a sharp drop from the recent high of 3,391. Sellers pushed the price down to the key support zone at 3,334–3,335, but bearish momentum has clearly weakened. The price is moving sideways with small-bodied candles and low volume, indicating the market is “holding its breath” ahead of the European or US sessions or potential market-moving news.
If this support zone holds and we see a clear bullish signal (such as an engulfing or marubozu candle), it could be a good entry for a buy position, targeting 3,365–3,370 initially and then aiming for a retest of 3,391. A safe stop-loss can be placed below 3,330. However, if price breaks below 3,334 and closes beneath it, the market may enter a deeper correction phase, with potential downside targets at 3,320 or even 3,305.
In short, this is a sensitive area where patience is key. Wait for clear confirmation before entering any trades, avoid rushing in, and stick strictly to your risk management rules.
Wishing all traders a clear mind, sharp strategy, and profitable results!
"Stealing Gold Profits: XAU/USD Long Setup (Risk-Reward Heist)"🔥 GOLD HEIST ALERT: XAU/USD Breakout Robbery Plan (Long Setup) 🔥
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Based on the 🔥Thief Trading Style🔥 (technical + fundamental analysis), we’re plotting a heist on XAU/USD (GOLD). Follow this master plan for a bullish escape near the high-risk ATR zone. Beware—overbought signals, consolidation traps, and bearish robbers lurk! Take profits fast and treat yourself—you’ve earned it! 🏆💸
📈 ENTRY: THE HEIST BEGINS!
Wait for Resistance Breakout (3400.00) → Then strike!
Buy Stop Orders: Place above Moving Average.
Buy Limit Orders: Use 15M/30M pullbacks (swing lows/highs).
Pro Tip: Set a chart ALERT to catch the breakout live!
🛑 STOP LOSS: DON’T GET CAUGHT!
For Buy Stop Orders: Never set SL before breakout!
Thief’s SL Spot: Recent swing low (4H timeframe).
Adjust SL based on your risk, lot size, and order count.
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🏴☠️ TARGET: 3480.00
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📊 MARKET CONTEXT:
XAU/USD is neutral but primed for bullish moves 🐂. Watch:
Fundamentals (COT Reports, GeoPolitics, News).
Intermarket Trends & Sentiment.
Positioning & Future Targets (Check our bio0 for analysis linkss!).
⚠️ TRADING ALERTS:
News Releases = High Volatility!
Avoid new trades during major news.
Use Trailing SL to protect open positions.
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Liquidity Hunt: Crude Oil's Next TargetFenzoFx—Crude Oil remains below the $64.19 resistance level. The Stochastic Oscillator is in overbought territory, and RSI 14 signals bearish divergence, suggesting a possible price dip.
Oil could briefly surpass $64.19 to grab liquidity before facing selling pressure. In this case, a drop toward the $61.72 support level may occur to fill the bullish fair value gap.
However, if Oil stabilizes above $64.19, the bearish outlook becomes invalid.
>>> Trade Crude Oil without swap and low spread at FenzoFx
GOLD falls then recovers slightly, markets eye jobs dataMainly due to the strengthening of the TVC:DXY , OANDA:XAUUSD have fallen sharply from a near four-week high, with a one-day drop of nearly $30 on Tuesday and a slight recovery in today's Asian trading session on Wednesday, June 4.
DXY rebounded from its lowest level in more than a month hit earlier in the session on Tuesday and ended the day up 0.6%, which put some minor pressure on gold in yesterday's session. The U.S. Bureau of Labor Statistics' Employment and Labor Turnover Survey (JOLTS) released on Tuesday showed that total job vacancies in the United States reached 7.39 million in April, up from 7.2 million in March. Economists had expected job vacancies in the United States to be 7.1 million in April.
OANDA:XAUUSD fell on Tuesday as a surprise rise in U.S. job vacancies boosted risk appetite and helped the dollar strengthen, according to Bloomberg. The rise in job vacancies encouraged investors to believe that the U.S. economy remains resilient despite the threat of U.S. President Trump’s tariff agenda.
Looking ahead, U.S. employment data, including Friday’s May nonfarm payrolls report, could help guide the Federal Reserve’s monetary policy, Bloomberg said. Lower interest rates are generally good for non-interest-bearing gold.
Gold traders will be looking ahead to key employment data, including the ADP and nonfarm payrolls reports, to determine the Fed’s policy path.
In terms of technical structure, there are no changes to the chart or previous analysis so readers can review it in the previous publication.
SELL XAUUSD PRICE 3412 - 3410⚡️
↠↠ Stop Loss 3416
→Take Profit 1 3404
↨
→Take Profit 2 3398
BUY XAUUSD PRICE 3299 - 3301⚡️
↠↠ Stop Loss 3295
→Take Profit 1 3307
↨
→Take Profit 2 3313
XAUUSD - Gold Awaits Employment Data!Gold is trading above the EMA200 and EMA50 on the 4-hour timeframe and is trading in its ascending channel. If gold corrects towards the demand range, it can be bought in the short term with appropriate risk-reward. A break of the resistance range will also pave the way for gold to rise to $3,400.
In April, the U.S. labor market demonstrated resilience and flexibility, with job openings climbing to 7.4 million—exceeding analysts’ expectations. Hiring reached its fastest pace since May 2024, as employers brought on 5.6 million new workers. While these upbeat figures surprised many, some economists remained cautious, warning that ongoing tariff policies could weigh on the labor market later this year.
Recent labor market data have featured unexpected results, mostly leaning positive. According to Tuesday’s report from the Bureau of Labor Statistics, job openings in April surpassed forecasts, rising from 7.2 million in March to 7.4 million.
Despite the encouraging nature of the data, the overall labor market picture has not shifted dramatically. Month-to-month fluctuations aside, the broader trend reflects a slowdown compared to the post-pandemic period when demand for workers was extremely high. Economists continue to expect that the uncertainty surrounding President Donald Trump’s tariff campaign will further hinder job creation in the months ahead.
Robert Frick, corporate economist at Navy Federal Credit Union, wrote in a commentary: “These figures still reflect a gradually slowing but stable job market. The jump in openings is more indicative of normal data volatility than a genuine surge in new positions. Likewise, the increase in hiring isn’t a strong recovery signal, as hiring remains within recent weak ranges.”
Alison Sriwastava, labor economist at the Indeed Hiring Lab, added: “The data show that U.S. employers had enough confidence to maintain more job openings in April than in March—whether through strong planning, resilient supply chains, or a bit of luck. But just because employers had a good month doesn’t mean they can sustain that success indefinitely, especially given the continued uncertainty and volatility.”
Meanwhile, the White House confirmed that it had sent letters to several countries asking them to submit their best trade offers by Wednesday. Progress on trade agreements since “Liberation Day” has been sluggish and challenging, and now all eyes are on what the Trump administration will do next.
Reuters obtained the letter, which asked countries to present their best proposals regarding tariffs, purchase quotas for U.S. goods, and plans to eliminate non-tariff barriers. However, according to the New York Post, immediate retaliation or action from the White House should not be assumed. Citing a source familiar with the matter, the letter’s purpose was described as an assessment of trade partners’ progress rather than a call for final offers.
In the diplomatic arena, newly appointed German Chancellor Friedrich Merz is set to meet with Donald Trump at the White House on Thursday following weeks of consultations. Key topics on the agenda include the war in Ukraine, Middle East crises, and trade policy. Merz, who recently took charge of Europe’s largest economy, has made rounds through major European capitals and now seeks to ease tensions with the Trump administration. The main areas of contention between Washington and Berlin involve trade imbalances, support for Ukraine, and domestic policy disputes.
This meeting presents a rare opportunity for Merz to voice his positions directly to Trump—unlike his predecessor, who never received a White House invitation.Nevertheless, Merz faces numerous challenges, ranging from far-right political pressures at home to clashes over tech companies on both sides of the Atlantic.
Meanwhile, President Donald Trump’s 50% tariffs on imported steel and aluminum officially took effect at 12:01 AM Eastern Time on Wednesday. These now-doubled tariffs apply to all trading partners except the United Kingdom. As the only country to have reached a preliminary trade deal with the U.S. so far, the U.K. will remain under a 25% tariff until at least July 9.
The executive order signed by Trump on Tuesday stated that the action is intended to “more effectively counter foreign nations that continue to sell excess and underpriced steel and aluminum in the U.S. market, undermining the competitiveness of America’s domestic steel and aluminum industries.”
Gold Technical Analysis - Bearish Reversal Confirmed?Gold (XAU/USD) is trading around $3,270 area, exhibiting a bearish trend influenced by technical breakdowns and macroeconomic factors. Gold is currently under pressure, with technical and fundamental factors aligning to suggest potential for further declines. Traders should monitor key support levels and upcoming economic data releases for signs of a reversal or continuation of the bearish trend.
📉 Technical Analysis
Gold has declined from recent highs near $3,370 , indicating a loss of bullish momentum.
The price has broken below the $3,280–$3,295 support zone, now acting as resistance, suggesting potential for further downside.
Key Support and Resistance Levels:
Resistance:
$3,280–$3,295: Immediate resistance zone.
$3,300–$3,310: Critical resistance area; a breakout above could indicate a bullish reversal.
Support:
$3,240–$3,245: Current support zone; a drop below may lead to further declines.
$3,200: Psychological support level; breaching this could accelerate bearish momentum.
🌐 Fundamental Factors
The U.S. dollar has strengthened due to the Federal Reserve's cautious stance on rate cuts, making gold less attractive as a non-yielding asset.
Economic Data:
Upcoming U.S. GDP and PCE data releases are anticipated to influence gold prices, with strong data potentially exerting further downward pressure.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
GOLD — Daily & 4H Timeframes📍 GOLD — Daily & 4H Timeframes
On the daily timeframe, gold is targeting the 3435 level.
On the 4-hour chart, buyers attempted to break out of the sideways range, but the price was pulled back inside.
A second attempt also failed — only the wick extended beyond the range, where the key volume is located.
It’s likely that the price will test the buyer zone again (blue rectangle on the chart), which also contains a price gap.
The boundaries of the sideways ranges are marked with black lines.
This analysis is based on the Initiative Analysis concept (IA).
Wishing you profitable trades!
Trade Idea: XAUUSD Long (BUY STOP)Direction: Long
Order Type: Buy Stop
Entry: 3366.50 (above recent local resistance and reclaiming structure)
Stop Loss: 3352.00 (below M15/M3 structure and recent low)
Take Profit: 3402.00 (previous swing high zone and just under H4 resistance)
Risk-Reward Ratio: ~2.57R
⸻
🧠 Trade Rationale
H4
• Price bounced from a higher low around 3320–3330, still respecting the long-term uptrend.
• Price is now reclaiming the 20/50 SMA cluster, which could act as dynamic support.
• Momentum is neutral-to-positive with MACD poised for a bullish crossover.
M15
• Price reclaimed 20 SMA and is now curling back above the 50 SMA.
• Clean bullish engulfing structure forming, indicating buyer re-entry.
• RSI is mid-50s with room to expand upward.
M3
• Strong, steady micro uptrend forming higher lows and consolidating under resistance near 3366.
• Increasing volume on upward moves, suggesting healthy interest from buyers.
⸻
🛡️ Risk Management & Execution
• Entry confirmation: Only enter if price breaks above 3366.50 on strength — avoid premature triggers.
• Invalidation Window: Trade becomes invalid if price closes below 3350 on a 15-minute candle. This would break both M3 and M15 structure.
• SL to BE: Move SL to break-even after price reaches 3377 and forms a micro higher low on M3 or support-resistance flip.
FUSIONMARKETS:XAUUSD
XAUUSD H4 I Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward our buy entry level at 3327.52 a pullback support.
Our take profit is set at 3381.40, a swing high resistance.
The stop loss is placed at 3274.45, a swing low support.
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successful buys now a few years of sidewayfollowing last year prediction, xauusd is really near 2500 as predicted by adding wave 3 now the size match trend lines, i think this will do a short-term sharp retrace for wave 4 followed by short term wave 5 probably ending diagonal, than will start a bigger wave 4 wich will be more complex on the way to fish long term wave 5, than... "The" long term retrace
Potential reversalAs always we must look for channels in which price is moving on a bigger timeframe, this one is in 4h candles giving a good medium term channel which it has respected at least 2 times before, so my idea is to wait for a breakout and retest or a reasonable rejection at this point positioning trades following price as we allways say.... don't go against the trend!
GOLD H1 Chart Update For 4 June 25Good Morning Traders,
As you can see that market is in swing range since starting the week but right now main strong 3400 resistance remains intact, Once market clearly breaks 3400 then it will move towards 3420 or even 3440
Intraday swing trading range is 3440-3480
If market break 3325 level successfully then it will move towards 3310 or even 3290
Scalping range 3345-55 for buy side
Good Luck
Disclaimer: Forex is Risky
Gold Outlook: Breakout Signals Further Upside PotentialGold FX:XAUUSD is currently in a strong uptrend, backed by both technical breakout and positive fundamentals. The price has decisively cleared the key resistance zone of $3,365–$3,370 and is hovering around $3,368. A healthy pullback to retest this zone could offer a high-probability long setup, with the next target projected at $3,470.
On the macro side, renewed U.S.–China trade tensions—following Trump’s accusations and tariff threats—along with the ongoing Russia–Ukraine conflict, continue to fuel safe-haven demand for gold.
Technically, the structure remains bullish. However, a breakdown below $3,335 would invalidate the current setup and may lead to a deeper correction.
Let’s keep a close eye on this pullback zone. If momentum holds, gold could be gearing up for the next leg higher.
Take care and trade smart
Decision Day: Flip or Fail?” — XAUUSD Sniper Battlefield Plan👋 Hello gold tacticians — we’ve entered a key battlefield.
Price is hovering in a critical flip zone after a sweep of 3395, and with ADP Non-Farm + ISM Services PMI coming up, the market won’t stay neutral for long.
This is not a time for random trades. Let’s lock in real zones and prepare for both traps and confirmations. 🎯
🟡 Neutral Bias
Price is in a flip zone (3345–3352) → Not clearly bullish or bearish.
We’ve seen both buying pressure from 3320s and strong rejection from 3395.
Market is ranging between premium and discount — no confirmed trend.
⚠️ Bearish Weight (Slight Tilt)
3384–3395 sweep confirms liquidity trap.
RSI divergence + price rejected from premium supply.
FVG gap under price (3303–3289) remains unfilled — likely draw.
Big news (ADP + ISM) may trigger stop hunts — downside has better structure for continuation.
✅ Conclusion:
We are neutral, but leaning bearish unless price confirms a clean break and hold above 3395.
You should follow structure shifts on M15/H1 after ADP before committing fully to either side.
🟡 Neutral Decision Zone – The Flip Battlefield
3345 – 3352
→ Previously acted as resistance — now tested as support
→ This is neutral ground — confirmation will decide if we bounce or dump
→ Use only with clear M15 PA
🧠 Wait here — bulls and bears will fight it out.
🔻 SELL ZONES – Premium Traps
Zone Key Levels Why it Matters
🔺 Main Rejection Block 3384 – 3395 Sweep + FVG + OB cluster — price was rejected here. If tapped again → watch for M15 bearish shift.
🔺 Flip Trap Extension 3368 – 3375 Previous broken high. If price fails to stay above → good place for fakeout sell.
🔺 Ultimate Premium Trap 3412 – 3422 Extreme liquidity grab if market spikes after ADP. Use only if FOMO buyers get trapped.
🟢 BUY ZONES – Smart Demand Levels
Zone Key Levels Why it Matters
🟢 Active Rebound Zone 3330 – 3320 OB + FVG + current HL reaction. Great sniper long if price holds.
🟢 Reload Buy Pocket 3303 – 3289 Fresh NY FVG + EMA confluence + liquidity. If ADP gives downside wick, this is the reload zone.
🟢 Final Demand Block 3265 – 3278 Deep sweep zone from H4. If hit → expect strong reaction. HL or M15 BOS confirms.
🔍 Strategy Scenarios
📉 Sell Plan A → Spike into 3384–3395 → M15/M30 bearish shift → short to 3352 → then 3320
📉 Sell Plan B → Flip rejection from 3368–3375 → short scalp to 3330
📉 Sell Plan C → FOMO sweep into 3412+ → wait for reversal wick → high-RR short
📈 Buy Plan A → Bounce from 3330–3320 → confirm HL → long toward 3368
📈 Buy Plan B → Flush into 3303–3289 → watch for OB reaction + PA → long scalp toward 3345
📈 Buy Plan C → Extreme dip to 3265 → reversal PA → long to 3300+
⚙️ Market Context
EMA 5/21/50 bullish but stretched
Price is compressing under a sweep — not trending
ADP + ISM = volatility trap window
RSI showing bearish divergence in premium
💬 Final Words from GoldFxMinds
Gold is standing in the middle of a flip battlefield. It doesn’t matter if you’re bullish or bearish — what matters is structure and reaction. Let the market reveal its hand.
🎯 Stay out of noise. Wait for the trigger. Act with clarity.
If this breakdown helped you today:
❤️ Drop a LIKE
🧠 Leave a COMMENT on what you’re watching
📌 And FOLLOW GoldFxMinds for clean, structured daily plans
Let’s dominate June with patience and precision.
— GoldFxMinds
WTI Crude Returns to $63Over the past two trading sessions, WTI crude oil has gained more than 5%, as confidence has temporarily returned to the market following the latest OPEC+ announcements. The organization recently announced a new production increase of 411,000 barrels per day starting in July, but the volume was lower than anticipated, which has been interpreted as a positive signal for short-term price behavior. This has helped sustain a consistent bullish bias in recent sessions.
Bearish Trend Remains Intact
Since early January, crude oil has followed a steady bearish trend. Currently, the price is approaching the resistance marked by the trendline, and if buying pressure holds in the short term, the bearish formation could come under threat in the upcoming trading sessions.
MACD
At the moment, the MACD histogram shows slight oscillations above the neutral line (0), but it has not yet indicated a decisive market impulse. As a result, a strong sense of short-term neutrality persists, as the price approaches key resistance levels.
RSI
The Relative Strength Index (RSI) is showing a similar pattern: the line is starting to rise, but it is flattening out, which could be weakening the current buying momentum and signaling a possible sideways movement in the short term.
Key Levels to Watch:
$63 – Current Barrier: Aligns with the bearish trendline and could be where price indecision intensifies, leading to continued consolidation.
$57 – Major Support: A recent low. If the price returns to this level, it could reactivate the bearish trend and lead to a deeper sell-off.
$68 – Key Resistance: Located around the 200-period moving average. A breakout above this level could mark the beginning of a new long-term bullish trend.
Written by Julian Pineda, CFA – Market Analyst
Gold Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3,330 zone, Gold was trading an a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 3,330 support and resistance zone.
Trade safe, Joe.
CRUDE OIL TO HIT $160?!Oil prices broke down lower in the past few weeks, after a much needed LQ grab, following a 2 year consolidation. We’ve seen a ‘5 Wave Complex Correction’, which should now be followed by price recovery.
Wait for buyers to BREAK ABOVE our ‘buying confirmation’ level, followed a by a retest before buying, otherwise leave it❗️
$USO to $29-42 before a bottom is inAMEX:USO broke down from a long term that started in March 2020 and is now breaking down below support at $67.
The most likely outcome is a continuation down to the lower support levels at $29-33.
I won't rule out the possibility of one more retest of the trend line ($73-75) before continuing down further. An invalidation of the short would be a break over the $83 level.
Otherwise, downside is the most likely outcome from here.
Let's see how it plays out over the coming months.
XAU/USD Weekly Forecast : First LONG, then SHORT! (READ CAPTION)By examining the gold chart on the 4-hour timeframe, we can see that after dropping to $3270, the price faced strong buying pressure and opened today’s session with a 100-pip gap at $3298, continuing its rally up to $3370. This bullish move could potentially extend toward $3400, but keep in mind that gold is likely to retrace soon to fill this price gap — so this scenario should definitely be considered!
Hanzo / Gold 15 Min Path ( Confirmed Break Out Zones )🔥 Gold – 15 Min Scalping Analysis (Bearish Setup)
Bias: Waiting For Break Out
Time Frame: 15 Min
Entry Type: Confirmed Entry After Break Out
👌Bullish After Break : 3369
Price must break liquidity with high volume to confirm the move.
👌Bearish After Break : 3349
Price must break liquidity with high volume to confirm the move.
☄️ Hanzo Protocol: Dual-Direction Entry Intel
➕ Zone Activated: Strategic Reaction from Refined Liquidity Layer
Marked volatility from a high-precision supply/demand zone. System detects potential for both long and short operations.
🩸 Momentum Signature Detected:
Displacement candle confirms directional intent — AI pattern scan active.
— If upward: Bullish momentum burst.
— If downward: Aggressive bearish rejection.
💯 Market Zone: Transition Phase
Asset in premium-to-discount (or vice versa) range — valid for both reversal and continuation trades. Execute with precision.