Gold= Breaks Resistance by Bullish Patterns + Geopolitical BoostGold ( OANDA:XAUUSD ) touched $3,337 as I expected in my previous idea .
Gold has now managed to break the Resistance lines and is trying to break the Resistance zone($3,387-$3,357) .
From a Classic Technical Analysis perspective, two Bullish Reversal Patterns are clearly visible on the Gold chart :
Descending Broadening Wedge Pattern
Inverse Head and Shoulders Pattern
According to Elliott Wave theory , by breaking the Resistance zone($3,387-$3,357) , we can confirm the start of an impulsive wave .
Also, given the increasing tension between Ukraine and Russia in recent days, there is a possibility that the price of Gold will increase due to the increased tensions .
I expect Gold to start rising again after a pullback to the neckline and resistance lines , and after breaking the Resistance zone($3,387-$3,357) , to rise to the target I have indicated on the chart.
Note: If Gold touches $3,299 , we should expect further declines.
Note: There is a possibility of emotional movements in the chart today when Fed Chair Powell speaks.
Gold Analyze ( XAUUSD ), 2-hour time frame.
Be sure to follow the updated ideas.
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D-XAU
XAUUSD - Will Gold Continue Its Rise?!Gold is trading above the EMA200 and EMA50 on the one-hour timeframe and is trading in its ascending channel. We should wait for a valid breakout of the specified pattern and then enter the trade in the formed pattern. If gold corrects towards the demand zone, we can buy it in the short term with appropriate risk-reward.
According to the latest ADP report, private-sector employers in the United States added just 37,000 new jobs in May, marking a decline from 60,000 in April and reaching the lowest level in two years. While ADP data is typically interpreted with caution, many economists still anticipate that Friday’s official Bureau of Labor Statistics (BLS) report will reflect stronger employment growth.
President Donald Trump seized on this data to renew his criticism of the Federal Reserve for not lowering interest rates to support job creation. Some analysts argue that if the ADP figures are taken as an indicator, Trump’s tariffs may have impacted the labor market sooner than experts expected—though that remains a significant “if.”
ADP, a payroll services provider, announced on Wednesday that private employers added only 37,000 jobs in May, down from April’s 60,000 and the lowest number since March 2023. According to a survey of economists by Dow Jones Newswires and The Wall Street Journal, this figure falls well short of the expected 110,000 job increase.
If this sharp slowdown in job growth is mirrored in the government’s official report, it may indicate that businesses have drastically reduced hiring in response to the uncertainty caused by Trump’s frequently shifting trade policies. Forecasts have long predicted that higher inflation and slower job growth could result from trade conflicts. However, many experts believe the true effects will become visible in the summer, rather than being fully reflected in May’s data.
Additionally, many economists regard ADP as an imprecise leading indicator of the more comprehensive BLS report. Other labor market surveys have thus far shown greater resilience in employment conditions.
Oliver Allen, senior U.S. economist at Pantheon Economics, wrote: “As always, we recommend ignoring the headline message of the ADP jobs report, primarily because its recent track record has been very poor.” Analysts widely expect Friday’s BLS report to show that the labor market remained stable in May, with employers adding approximately 125,000 jobs.
Continuing his criticisms, Trump again used the ADP figures to attack Fed Chair Jerome Powell for not cutting interest rates this year. In a post on Truth Social, Trump compared the Fed to the European Central Bank, which has already lowered rates nine times. The Federal Reserve, in contrast, has maintained the federal funds rate at elevated levels since January, aiming to reduce inflation to its 2% annual target by keeping upward pressure on borrowing costs. This policy is being implemented amid persistent uncertainty about the broader economic impact of the tariffs.
Trump has repeatedly pressured the Federal Reserve to lower interest rates in order to reduce borrowing costs, stimulate economic growth, and prevent a potential recession. He wrote: “The ADP numbers are out!!! ‘Late’ Powell must cut rates now. He’s unbelievable!!! Europe has cut nine times!”
Meanwhile, the latest edition of the Federal Reserve’s Beige Book was released. Half of the Federal Reserve districts reported slight to moderate declines in economic activity, while three districts reported no change and three reported modest growth. All districts cited high levels of economic and political uncertainty. Reports on consumer spending varied. Home sales remained largely unchanged. While employment remained steady, hiring was conducted cautiously due to the uncertain outlook. Tariffs were reported to have caused moderate price increases, with rising costs increasingly passed on to consumers. Manufacturing activity was slightly weakened by tariffs, and businesses adopted a more cautious approach to investment.
Ascending triangle on gold: $3,280 or $3,560 next? Gold has climbed following softer-than-expected US economic data, which has strengthened speculation for at least two Federal Reserve rate cuts this year. ADP employment figures showed just 37K new jobs, well below the 111K forecast.
President Donald Trump, posting on Truth Social, called on “too slow” Fed Chair Jerome Powell to cut rates immediately.
The repeated tests of the $3,400 level suggest that selling pressure at this zone could be weakening. Lower interest rates tend to support gold prices, as the metal offers no yield. However, a daily close below the recent swing low of $3,280 would undermine the pattern.
Bullish continuation?The Gold (XAU/USD) has bounced off the pivot and could potentially rise to the 1st resistance.
Pivot: 3,348.00
1st Support: 3,285.23
1st Resistance: 3,436.17
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
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.”
Bullish bounce off 50% Fibonacci support?XAU/USD is falling towards the support level that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 3,327.90
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 3,304.13
Why we like it:
There is an overlap support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 3,390.21
Why we like it:
There is a pullback resistance level.
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HelenP. I Gold will drop to support level from pennant patternHi folks today I'm prepared for you Gold analytics. The chart started with a strong impulse move upward from the support zone around 3190 - 3205, where buyers stepped in and pushed the price aggressively higher. This bullish momentum continued until the price reached the trend line, which had previously acted as a dynamic resistance. Upon contact with the trend line, the market lost strength and began to compress into a narrowing formation, a classic downward pennant. Within this pennant, the price made several lower highs, suggesting waning bullish power and the buildup of pressure inside a tightening range. Sellers became more active near the resistance zone around 3365 - 3380, and each upward attempt was quickly absorbed. Now the structure shows signs of a potential breakout to the downside. Given this formation and the current price behavior near the upper edge of the pennant, I expect a minor upward movement followed by a sharp breakdown. My goal lies at the 3205 support level, where previous demand emerged. That’s why I remain bearish and see this level as a realistic goal for the next move. If you like my analytics you may support me with your like/comment ❤️
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GOLD Massive Bullish Breakout! Buy!
Hello,Traders!
GOLD is trading in a strong
Uptrend and the price just
Made a massive bullish
Breakout of the falling
Resistance line and the
Breakout is confirmed
So after a potential pullback
We will be expecting a
Further bullish continuation
Buy!
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GOLD - Price can bounce up from support level to $3420Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Recently, price entered to triangle, where it rebounded from resistance line and dropped to support line.
Also, price broke $3345 with $3210 levels, after which it turned around and rose to $3210 level, broke it.
Then Gold made retest, and then continued to grow to $3345 level, and even rose to resistance line of triangle.
And then started to decline to support line of triangle, after which it turned around and made an impulse up.
Price exited from triangle and broke $3345 level, which coincided with resistance area, and now trades inside.
I think that Gold can correct to support level and then continue to grow to $3420 points.
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Bearish drop?The Gold (XAU/USD) has reacted off the pivot and could potentially drop from this level to the 1st support.
Pivot: 3,237.46
1st Support: 3,239.71
1st Resistance: 3,415.22
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold (XAUUSD) Technical & Fundamental UpdateOverview:
Gold OANDA:XAUUSD on the 4-hour chart is currently in a corrective phase after a recent bounce, but the overall structure remains bearish with clear downside risk.
________________________________________
Key Observations:
Price Action:
Gold is trading around $3,319 after a recent rebound from the $3,272–$3,243 support zone. The price is now testing a resistance area highlighted by the previous consolidation zone, suggesting that upside momentum is facing challenges.
Supply and Demand Zones:
• There is a visible supply (resistance) zone around $3,320–$3,340, where sellers previously
stepped in.
• Multiple demand (support) zones are marked below, especially near the Fibonacci
retracement levels at $3,272 (38.2%), $3,243 (50.0%), and $3,214 (61.8%).
Fibonacci Levels:
The chart uses a Fibonacci retracement from the recent swing low to high:
• 38.2% at $3,272
• 50% at $3,243
• 61.8% at $3,214
These levels are aligning with key demand zones, increasing their significance for potential bounces or reversals.
Trend Structure:
Despite the recent recovery, lower highs and lower lows dominate the chart, indicating a bearish trend. The failure to break above the $3,340 resistance keeps the downside scenario in play.
________________________________________
Fundamental Drivers
Safe-Haven Demand Weakening:
Easing tariff risks and improved global risk sentiment have reduced demand for gold as a safe-haven asset. The recent US court ruling against Trump-era tariffs and expectations of a Federal Reserve rate cut later in 2025 are shifting market dynamics.
Macro Themes:
• A hawkish Fed or further de-escalation of geopolitical tensions could pressure gold lower.
• Persistent inflation or renewed global risks could limit the downside and trigger rebounds
xaud/usd sell📉 Market Structure Analysis:
The market was previously in an uptrend, confirmed by BoS and CHoCH.
Then, a bearish shift occurred with a BoS to the downside and the break of the ascending trendline.
A valid descending structure is now in play.
Price retraced into a supply zone, where selling pressure is visible.
The most recent BoS to the downside confirms a bearish bias.
Currently, the price is forming a potential lower high under the trendline and may continue lower toward the demand zone at ~3218.046.
📌 Trade Setup:
Entry (Sell): Around 3278 level.
Stop Loss (SL): Placed above the supply zone, around 3296.
Take Profit (TP): Targeting the demand zone near 3218.
This setup offers a good risk-to-reward ratio.
📊 Conclusion:
✅ Primary Scenario: Bearish continuation toward the demand zone (~3218), with selling pressure likely to dominate below the trendline.
⚠️ Alternative Scenario: If price breaks and closes above 3296, the bearish structure may be invalidated, and a shift back to bullish momentum is possible.
Bearish reversal off pullback resistance?The Gold (XAU/USD) is rising towards the pivot, which acts as a pullback resistance and could reverse to the 1st support, which has been identified as a pullback support.
Pivot: 3,284.50
1st Support: 3,205.30
1st Resistance: 3,232.71
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GOLD Bearish Breakout! Sell!
Hello,Traders!
GOLD made a bearish
Breakout of the key horizontal
Level of 3285$ which also
Seems to have been a neckline
Of the small H&S pattern so
We are locally bearish biased
And we will be expecting a
Further bearish move down
Sell!
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Could the price bounce from here?XAU/USD is falling towards the support level which is a pullback support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 3,260.13
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 3,213.54
Why we like it:
There is a pullback support level that aligns with the 61.89% Fibonacci retracement.
Take profit: 3,344.27
Why we like it:
There is as pullback resistance level.
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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.
Bullish bounce off 38.2% Fibonacci support?The Gold (XAU/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 3,262.87
1st Support: 3,208.70
1st Resistance: 3,360.90
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GOLD Move Up Ahead! Buy!
Hello,Traders!
GOLD went down and
Retested a horizontal
Support level of 3283$
And we are already seeing
A local bullish rebound so
We are locally bullish
Biased and we will be
Expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
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GOLD - Price can continue to fall and exit from triangle patternHi guys, this is my overview for GOLD, feel free to check it and write your feedback in comments👊
Some days ago, price entered to rising channel, where it turned around and made a correction to the support line.
Then it continued to grow and rose to the $2975 level, which continued with a support area, and continued to grow.
Later price rose to the resistance line, but then made a correction movement, thereby exiting the channel.
Next, Gold turned around and started to trade inside the triangle, where it at once made an upward impulse.
Price broke $3265 level, rose to resistance line, after which in a short time declined to this level.
But recently it has come back, so I expect that Gold can continue to fall to $3150, breaking the support level.
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Gold has a strong bullish momentum, could it rise further?The price is falling towards the pivot and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 3,287.49
1st Support: 3,240.33
1st Resistance: 3,413.48
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold Price Forecast: May - June 2025Gold is currently trading at $3,345.02. The recommendation is to sell now, targeting a bearish move down to $3,050. This outlook is supported by the formation of a rising wedge pattern in confluence with a 3rd retest on the daily chart, a technical setup that often signals a downward price movement. After reaching the target of $3,046, expect a retracement back to $3,242, where the price is likely to retest the long-term bullish trend.
XAU/USD Trading Plan - LAST WEEK OF May 25, 2025 Current Market Status * price $3358
💡 LIKE AND FOLLOW FOR MORE 💡
📊 Key Events This Week:
May 28: FOMC Meeting
May 29: Unemployment Data
May 30: Core PCE Index
📈Long Position Setup (Buy Zone)
Entry: $3,350-$3,355
Targets:
------ $3,420 (2.1% gain)
------ $3,480 (3.9% gain)
------ $3,550 (5.7% gain)
Stop Loss: $3,300 (1.5% risk)
___ Rationale:
- Support at weekly zone ($3,330)
- Potential Fed dovish pivot
- Monthly light buyer interest
- Safe-haven demand potential
📉 Short Position Setup (Sell Zone)
Entry: $3,380-$3,390
Targets:
----- $3,330 (1.5% gain)
----- $3,280 (3.0% gain)
----- $3,220 (4.7% gain)
Stop Loss: $3,420 (1.2% risk)
___Rationale:
Resistance at weekly high ($3,586)
Potential strong USD if Fed remains hawkish
Overbought conditions possible
Profit-taking at key levels
⚠️ Critical Risk Factors
FOMC interest rate decision
US economic data surprises
Geopolitial developments
Physical gold demand changes
🔍 Key Technical Levels
Support: $3,330 (weekly), $3,280 (monthly)
Resistance: $3,420 (main zone), $3,550 (ATH)
Pivot Point: $3,360
Gold Weekly AnalysisThe FOMC meeting could make cold rise up dramatically.
The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confrimation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
*******************************************************************
Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points