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DJIA — Setting Up for Breakout and New ImpulseThe Dow Jones Index is approaching a critical resistance zone. After a deep V-shaped recovery and clear bullish structure, price is preparing for a breakout. Chart shows a clean long entry with a stop below the recent consolidation. A break and hold above 45,000 could lead to a move toward 46,000, and if momentum holds — up to 49,300. Partial profit-taking levels: — Target 1: 45,225 — Target 2: 49,380 Fundamentally, US equity markets remain strong, and DJIA may play catch-up after lagging during the last correction.
OSE:DJIA1!Long
by InvestWorld_777
GOLD eases, fundamental support and technical momentumOANDA:XAUUSD fell in early Asian trading on May 30 after Thursday's gains, although it still had room to rise as weak US initial jobless claims data weighed on the US dollar and Trump's tariffs faced more uncertainty. Gold recovered from a weekly low of $3,245 an ounce on Thursday to break above the $3,300 an ounce mark as weak US initial jobless claims data weighed on the US dollar. As of press time, gold had fallen below the full price of $3,300, down $23 on the day and around 0.69% . The number of Americans filing new claims for unemployment benefits rose more than expected last week, adding to pressure on the Federal Reserve to consider cutting interest rates. Data released on Thursday showed the number of Americans filing new claims for unemployment benefits rose last week, exceeding market expectations. The data showed initial jobless claims in the United States rose by 14,000 to 240,000 in the week ended May 24, compared with estimates of 230,000. According to the minutes of the Federal Reserve's May 6-7 meeting, policymakers acknowledged that they could face "difficult trade-offs" in the coming months, as both inflation and unemployment rise, raising the risk of a recession. Since gold does not yield interest, it typically performs well in low-interest-rate environments. Trump Tariff Ruling Overturned A U.S. trade court ruled on Wednesday that the president lacked the authority to impose tariffs, blocking most of Trump's tariffs, but on Thursday a federal appeals court agreed to the Trump administration's request to suspend the court's ruling. The U.S. government's request for an immediate administrative stay was granted, and the rulings and permanent injunctions issued by the U.S. Court of International Trade in these cases will be temporarily suspended until further notice while the court reviews the relevant motion documents, the Court of Appeals for the Federal Circuit said in its ruling. Investors will focus on the US personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation gauge, on Friday. Gold is seen as a hedge against inflation during times of economic uncertainty, and higher-than-expected PCE data would benefit the US dollar and reduce the appeal of gold, leading to a possible decline in prices. The opposite effect would be seen if PCE data were lower than expected, which would increase the likelihood of an early rate cut by the Fed, leading to a depreciation of the dollar and gold benefiting from expectations of a low-interest rate environment. Technical outlook for OANDA:XAUUSD On the daily chart, gold is down but currently the downside momentum has been limited by the initial support area which is the confluence of EMA21 with Fibonacci retracement 0.382%, this support area has been noted by readers in the publications since the beginning of this trading week. Temporarily, gold does not have enough technical conditions to be able to increase in price in the short term, because it is still under pressure from the price channel. However, in terms of the overall and long-term trend, gold still has a main trend of increasing price, a trend noted by the price channel. In terms of momentum, the Relative Strength Index (RSI) is still holding above 50, with the current RSI position at 50 being considered as the nearest support in terms of momentum. A sustained price action above the 3,300ISD price point would be considered a positive signal, while a break above the channel would qualify the bulls for a short-term target of 3,371USD. For the day, the technical outlook for gold is bullish and the key points to watch are listed below. Support: 3,292USD – 3,250USD Resistance: 3,371USD SELL XAUUSD PRICE 3342 - 3340⚡️ ↠↠ Stop Loss 3346 →Take Profit 1 3334 ↨ →Take Profit 2 3328 BUY XAUUSD PRICE 3203 - 3205⚡️ ↠↠ Stop Loss 3199 →Take Profit 1 3211 ↨ →Take Profit 2 3217
OANDA:XAUUSDLong
by Xayah_trading
ETH - Long Anyway, Short-term and Long-term!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈ETH has been overall bullish trading within the rising blue channel from a long-term perspective and within the rising red channel from a short-term perspective. Moreover, the red and blue zones are strong support and structure! 🏹 Thus, the highlighted blue and red circles are strong areas to look for buy setups as it is the intersection of the lower zone(s) and trendline(s). 📚 As per my trading style: As #ETH approaches one of the circles, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
14
NQ Breakdown Plan: 3 Targets, 1 Setup, No Chasing🧠 NQ Short Plan – NY Open Game Plan Price has pulled back into a key structure zone, and I’m watching closely for a sell setup during the first two hours of the New York session tomorrow. 📌 My trade plan is simple: I want a solid pullback first — not chasing here. If I get a clean sell trigger (candle confirmation or momentum flush), I’m in. Break-even gets locked in once we break the 21,349 area. From there, I’ll take profits in three stages and trail the stop behind price if we get momentum. 🔐 Break-Even Lock: 21,349 ✅ TP #1 – 21,200 ✅ TP #2 – 21,050 ✅ TP #3 – 20,800 (final leg if sellers step in hard) The rising trendline break could be the domino. If it cracks, we roll. But if bulls defend again, no trade — discipline first. 📅 Session Focus: Only trading this setup if it unfolds in the first 2 hours of NY open. After that, I’m out. No chasing. No revenge. Just execution. 💬 Let me know if you’re watching this level too — or if you see something different. Always open to alternate perspectives.
CME_MINI:MNQM2025Short
by natron
1
2025-05-29 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: I don’t know what’s more likely to happen tomorrow and every time I feel that way, market is in a trading range and most likely neutral. Big up, big down, big confusion. Read some Al Brooks. Volume was big today but given that bears only managed to close 60 points below Wednesday, what did they achieve? RTH session closed the gap but not more. Futures obviously had a nasty reversal but we can still draw a decent bull wedge with lows either 21300 or 21100 and that would mean bulls would be favored to trade back up. current market cycle: trading range key levels: 21000 - 22000 bull case: Bulls who want to buy 21400 would likely need a stop 20700 and scale in. Is this a good trade? I don’t think so. You either wait for better confirmation that today’s low is credible and will hold or you wait for lower prices closer to 21000 before going long. I doubt this bull wedge will just end like this and that we top out with 21858. I expect at least some form of double top with a print up to 21700 or higher. The middle of the current range is 21300 and market bottomed out there today. Maybe this fact makes it a bit more favorable for the bulls. Invalidation is below 21300. bear case: Below 21300 bears could try to go for 21000 or even last weeks low at 20727. How likely is that? Today’s selling was very strong and it was at the moment everything was max bullish and perfect aligned. You do not see these type of reversals in a strong bull trend. We are very likely in the last days of it before we go down lower. That being said, I just don’t think we will go down further from here without another try of 21800+. I have two potential bull wedges on my chart and bears would need a strong move below 21300 and stay around 21000 for me to abandon that structure. Invalidation is above 22100. short term: Neutral and need a very good signal to either side for me to take it. Bears want 21000 and bulls at least 21800. My line in the sand is 21300. medium-long term - Update from 2024-05-24: Will update this section more after the coming week but in general the thesis is as for dax. Down over the summer and sideways to up into year end. I don’t think the lows for this year are in. trade of the day: Buying Globex open was the obvious trade but shorting the highs certainly was not and I think everyone was surprised by this bear strength today.
CME_MINI:MNQ1!
by priceactiontds
#BTCUSDT #4h (Bitget Futures) Ascending trendline breakdownCRYPTOCAP:BTC lost 50MA that may act as resistance now, retracement down to 200MA support seems next. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Bitget Futures Signal Type: Regular (Short) Leverage: Isolated (19.0X) Amount: 5.0% Current Price: 107480.5 Entry Zone: 108234.7 - 109274.5 Take-Profit Targets: 1) 106010.9 2) 103944.6 3) 101878.3 Stop Targets: 1) 111050.5 Published By: @Zblaba CRYPTOCAP:BTC BITGET:BTCUSDT.P #4h #Bitcoin #PoW bitcoin.org Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +47.9% | +84.0% | +120.1% Possible Loss= -40.1% Estimated Gaintime= 1-2 weeks
Short
by TradingOn
1
US court blocks Trump tax plan, GOLD falls sharplyOANDA:XAUUSD was sold off heavily in early morning trading on Thursday (May 29), with the price of gold falling to around $3,246/ounce, down more than $40 on the day. Bloomberg reported that gold prices fell for the fourth consecutive day as the market digested news that a US trade court had blocked Trump's global tariff program. Gold prices fell 2% in the previous three trading days. On Wednesday local time, a US federal court blocked the tariff policy announced by US President Trump on April 2, "Liberation Day", and ruled that Trump exceeded his authority and imposed comprehensive tariffs on countries that export more to the United States than they import. The Court of International Trade in Manhattan said the US Constitution gives Congress the exclusive power to regulate trade with other countries, and the emergency powers the president declared to protect the US economy do not override those powers. The lawsuit was filed by the Liberty Center for Justice, a non-profit, nonpartisan litigation organization in the United States, on behalf of small American businesses affected by the tariffs. It is the first major legal challenge to Trump’s tariff policies. The U.S. Court of International Trade has ruled that most of Trump’s tariffs are illegal, sending the dollar even higher. A stronger dollar makes gold less attractive to buyers of safe-haven assets. The Trump administration has filed a notice to appeal the ruling. The US Supreme Court is likely to have the final say in the landmark case, which could affect trillions of dollars in global trade. The court's ruling dealt a blow to a pillar of the Republican Party's economic agenda and could reduce gold's appeal as a safe-haven asset. Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold will recover soon after falling to the important support level of 3,250 USD, note that you have read in the previous issues. However, falling below the Fibonacci 0.382% level with EMA21 is a negative signal for bullish expectations as this area becomes the nearest resistance. But overall, gold is still in an uptrend with the channel as the main trend. Meanwhile, the Relative Strength Index (RSI) is approaching the nearest support at 50, an upward bend from this level would be considered a positive signal in terms of momentum. As long as gold remains in/above the channel, I remain bullish and the notable positions are listed below. Support: 3,250 – 3,228 USD Resistance: 3,392 – 3,300 – 3,371 USD SELL XAUUSD PRICE 3292 - 3290⚡️ ↠↠ Stop Loss 3296 →Take Profit 1 3284 ↨ →Take Profit 2 3278 BUY XAUUSD PRICE 3203 - 3205⚡️ ↠↠ Stop Loss 3199 →Take Profit 1 3211 ↨ →Take Profit 2 3217
OANDA:XAUUSD
by Xayah_trading
1
FOMC minutes, GOLD market may see strong volatilityIn the Asian session, spot OANDA:XAUUSD recovered slightly after yesterday's sharp decline. Gold prices are currently holding price action around the 0.382% Fibonacci retracement level, the nearest support point. On this trading day, investors will look at the Federal Reserve meeting minutes, which are expected to cause major volatility in the gold market. On Tuesday, as the Trump administration once again released positive information on trade, the market's risk appetite recovered, reducing demand for safe-haven assets such as gold. On Thursday, the US Federal Open Market Committee (FOMC) will release the minutes of its May monetary policy meeting. At its May 7 monetary policy meeting, the FOMC kept its policy rate unchanged at 4.25%-4.50%, marking the third consecutive time this year. Federal Reserve Chairman Powell continued to maintain his "no rush to cut interest rates" stance. The minutes released this time record the FOMC's detailed views on monetary policy and provide clues to the future direction of interest rate policy. Economists generally believe that with few clear signs of stress in the labor market, Fed officials will be happy to keep rates on hold until changes in trade policy are reflected in the data, and the minutes are expected to reinforce that view. There is a possibility that the tone of the minutes will be more hawkish than expected, which could support the US dollar to some extent, thereby affecting gold prices, but overall it will not create strong pressure. But these are all predictions because I cannot predict what will be in the content of the US FED FOMC minutes, and all the content in the FOMC minutes will be directly reflected in the gold price. Traders need to pay special attention to this event on this trading day. Technical outlook analysis of OANDA:XAUUSD On the daily chart, gold is still struggling to trade above the confluence area as initial support with the emergence of the 21-day moving average (EMA21) with the 0.382% Fibonacci retracement. The technical structure has hardly changed significantly with the trend still tilted to the upside. Holding above the $3,300 base point would be a good sign, on the other hand the $3,371 target would remain as a near-term upside target and a break of the 0.236% Fibonacci retracement on gold would provide the technical conditions for the next upside target around $3,400 in the near-term, followed by $3,435 more than the all-time high of $3,500. The relative strength index RSI is above 50, which is also a good signal in terms of momentum, from the RSI we can see that there is still a lot of room for growth ahead. During the day, the bullish outlook for gold prices will be noticed by the following technical positions. Support: 3,292 – 3,250 USD Resistance: 3,300 – 3,371 USD SELL XAUUSD PRICE 3365 - 3363⚡️ ↠↠ Stop Loss 3369 →Take Profit 1 3357 ↨ →Take Profit 2 3351 BUY XAUUSD PRICE 3263 - 3265⚡️ ↠↠ Stop Loss 3259 →Take Profit 1 3271 ↨ →Take Profit 2 3277
OANDA:XAUUSDLong
by Xayah_trading
1
Nasdaq Bulls Back in the Fight – 21K Is the Battlefield📍 The 21K Line in the Sand – Nasdaq’s Second Chance Setup The bounce off the purple EMA was no joke — big reaction, and now we’re reclaiming key structure: back above VWAP (red), white EMA, and even the weekly pivot (straight orange line). That pivot zone at 21K is still the line in the sand. I do expect a potential breach — maybe even a quick liquidity sweep — but if buyers step in with momentum and reclaim, I’m interested in longs again. ⚔️ This is a momentum shift — structure's back in favor of bulls, and until we lose 21K with conviction, I’m treating dips into that area as buyable. 📍And if price overreacts? I’m watching 20,750 as a “second chance” zone. Strong bounce there before — I’m not ignoring that twice. This is still a two-sided game, but for now, bulls are back in position. Let’s see if they hold the line.
CME_MINI:MNQM2025Long
by natron
1
2025-05-28 - priceactiontds - daily update - dax Good Evening and I hope you are well. comment: Higher highs and higher lows. Focus on the easy trades. Can only get bearish with consecutive 15m or 1h bars below 24000 and for now that is unlikely. Bulls bought 24000 the whole week so look for longs. current market cycle: broad bull channel key levels: 23000 - 24500 bull case: As long as the bull gap 23700 - 23900 stays open, I would only look for longs. 24500 is the next obvious target and it’s not impossible that markets do a complete meltup tomorrow. Structure is a clear bull channel until we print below 24000. Invalidation is below 23900. bear case: Bears need something below 24000 again, that means lower lows. Right now bulls remain in full control and I doubt we can go from daily new ath to a big reversal down. I got nothing for the bears here. Invalidation is above 24550. short term: Neutral but would only trade long until we see much better selling pressure and prices below 24000. medium-long term from 2025-05-25: My rough guess from early May was down over the summer and up into year end. POTUS certainly helped with the 50% tariffs. I need to see market reaction next week and if there is no 180° reversal until Friday, they will become reality the week after and dax should do 20-30% down over the next months. Markets were not positioned for any risk what so ever. Now we got the atomic trade bomb. trade of the day: Short since the bull trap on the open but I did not take it. I thought chances of a reversal were too high for me. I was wrong but that’s ok.
EUREX:FDXS1!
by priceactiontds
Narrow trading range, medium and long term outlook is bullishGeopolitical tensions have pushed gold prices higher, with the medium- to long-term outlook still pointing to upside potential, and a recovery in Chinese demand could provide potential support. OANDA:XAUUSD edged up in early Asian trade on Tuesday. Russia recently launched its largest-ever drone and missile attack on Ukraine, ignoring President Trump’s call to stop the bombing, according to Ukrainian officials. Gold prices fell nearly 1% On Monday, international gold prices were under pressure and fell nearly 1%. Affected by US President Trump's decision to postpone the imposition of a 50% tariff on EU goods, the market's risk-off sentiment has cooled significantly, and the appeal of gold as a traditional safe-haven asset has weakened. The most actively traded June 2025 gold futures closed at $3,342.2/ounce, down $23.6 (-1.45%) on the day, with intraday fluctuations ranging from $3,322.9 to $3,356. Due to the Memorial Day holiday in the United States, COMEX did not announce settlement prices on that day, and the UK and US markets were closed at the same time. Policy changes affect short-term trends, narrow-range trading is likely to bring big changes Trump’s extension of the US-EU trade talks deadline from June 1 to July 9 has directly undermined the market’s safe-haven demand for gold. The holiday-induced liquidity crunch has further exacerbated price volatility. The move is in stark contrast to gold’s performance last Friday, when the OANDA:XAUUSD price recorded its biggest one-day gain in six weeks as Trump threatened to impose tariffs on EU goods and Apple’s iPhones. Geopolitical risks have not disappeared and institutions remain bullish on the outlook Reasons include the ongoing changes in US tariff policy, the continued escalation of the Ukraine geopolitical crisis and fiscal concerns. Data shows that Russia has launched airstrikes on Ukraine for three consecutive nights, including the largest attack since the conflict began in 2022, and the intensity of the war has not abated. With what is available in terms of trade, geopolitical and monetary policy risks, gold still has a lot of upside potential in the coming period. China’s demand is showing signs of recovery, which could be the latest factor The latest trade data showed that mainland China’s gold imports via Hong Kong in April hit their highest level since March last year. The recovery in physical gold purchases in Asia could support lower gold prices, especially amid increasingly volatile investment demand in the West. Technical Outlook Analysis OANDA:XAUUSD Gold traded in a fairly narrow range in the early Asian session today, Tuesday (May 27), with technical conditions still leaning towards the upside, with spot gold currently trading around $3,341/oz. After falling from $3,371, the target price point is the price point of the temporary 0.236% Fibonacci retracement. The bullish momentum of gold prices remains unaffected as the nearest support is the confluence of the (EMA21 with the 0.382% Fibonacci retracement). On the other hand, the Relative Strength Index (RSI) remaining above 50 should be considered a positive signal as the RSI is still quite far from the overbought zone indicating that there is still room for upside ahead. Next, if gold breaks above $3,371 it will be in a position to continue its rally towards the short-term target of $3,400, more so $3,435 and then the all-time high of $3,500. As long as gold remains above the EMA21, it still has a short-term bullish outlook, and the long-term trend continues to be noticed by the price channel. During the day, the gold price's bullish trend will be interested by the following technical positions. Support: 3,300 – 3,292 – 3,250 USD Resistance: 3,371 – 3,400 – 3,435 USD SELL XAUUSD PRICE 3391 - 3389⚡️ ↠↠ Stop Loss 3395 →Take Profit 1 3383 ↨ →Take Profit 2 3377 BUY XAUUSD PRICE 3283 - 3285⚡️ ↠↠ Stop Loss 3279 →Take Profit 1 3291 ↨ →Take Profit 2 3297
OANDA:XAUUSDLong
by Xayah_trading
3
CL Futures Outlook May 27, 2025 Compression Near Structure ZonesToday, CL is trading just above a key mid-structure zone, continuing its sideways movement between defined supply and demand levels. 🔹 Current Technical Picture: Price remains inside a compression range Resistance at the top red zone where price was rejected yesterday Mid green zone acting as current structure support Lower green zone marked by last week's strong buyer reaction Volume profile is neutral, showing no aggressive buyer or seller dominance at the moment. A failed breakout attempt above the descending channel in the previous session keeps this structure coiled and reactive. 🔍 My Outlook: If price retests the middle zone with strong volume + bullish reaction, it could offer a continuation toward resistance. If price climbs into the red zone and rejects with weakness, there’s potential for a move back toward the middle zone. A sharp drop into the lower green zone with strong buyer confirmation would create a high-reward reversal opportunity. No trades are taken blindly. I only act when price shows clear intent at key levels. Today is a reactive environment — not one for forced setups. 📉 Analysis based on volume structure, order flow, and key S/R zones. ⚠️ This post is for educational purposes only and does not constitute financial advice. Trading futures involves risk.
NYMEX:CL1!
by prolivetrader
2
2025-05-26 - priceactiontds - daily update - dax Good Evening and I hope you are well. comment: Back where we started on Friday and I do think one more big leg down will finally be enough for the persistent btfd crowd to scale it down a bit. So far it has been profitable and that’s why bears need a big gap that does not close or otherwise we just continue sideways to up. Bulls need to get trapped for this to end. current market cycle: broad bull channel key levels: 23000 - 24300 bull case: Watch the 1h 20ema tomorrow. If we stay above, we can make another ath and it’s possible we see more upside above 24200. Since all my bull targets are met and I have no interest in buying this, I won’t be your guide in looking for longs here. I think buying above 24000, while we wait for 50% tariffs to the US, qualifies for most stupid the trade of the year. I’m happy for you if you make money on any side though. Invalidation is below 23300. bear case: Even if tariffs won’t be 50% and only 10%, it would still mean less business for everyone. Markets are not pricing the risks right and are begging to get rug pulled. Only a couple times a year markets are so miss-aligned with reality that in hindsight you feel unwell for not risking more. Having said that, now is not the time to short. We need way more selling pressure again. Wait for big bears to appear. Below 23900 we could see a test of 23800 but it will likely be an easy trap for bears so only take it if we either move very strongly down or if we move down over a long time without any decent bounce up. Invalidation is above 24300. short term: Neutral. Sitting on hands until bulls run for the exits and big bears come out. medium-long term from 2025-05-25: My rough guess from early May was down over the summer and up into year end. POTUS certainly helped with the 50% tariffs. I need to see market reaction next week and if there is no 180° reversal until Friday, they will become reality the week after and dax should do 20-30% down over the next months. Markets were not positioned for any risk what so ever. Now we got the atomic trade bomb. trade of the day: Long since Globex open. Tough.
EUREX:FDXS1!
by priceactiontds
GOLD rises impressively after mid-May declineUS President Trump once again used tariffs and the market's risk-off sentiment suddenly heated up. OANDA:XAUUSD jumped nearly 2% on Friday and the weekly gain reached nearly 5%. OANDA:XAUUSD has grown impressively after a sharp decline in mid-May, taking advantage of safe-haven flows, the recovery was mainly due to growing investor concerns about the sustainability of US government debt. The market will likely continue to react to headlines surrounding the difficult US fiscal situation, trade relations and geopolitics. On Friday local time, US President Trump said on his social media platform "Real Social" that he proposed to impose a 50% tariff on the European Union from June 1. Trump wrote that the main purpose of the establishment of the European Union was to "take advantage of the United States on trade". In addition, on Friday local time, Trump posted on "Real Social" that he had long told Apple CEO Tim Cook that he expected Apple's iPhones sold in the United States to be produced and manufactured in the United States, not in India or anywhere else. Trump said that otherwise, Apple would have to pay at least a 25% tariff to the United States. Assessing the situation surrounding Trump "Trump has been vocal in the past 24 hours, threatening to impose 50% tariffs on the European Union starting June 1, imposing major sanctions on Apple and taking on Harvard University, all of which have weighed on stocks but boosted gold prices. Recurrent tariff concerns, coupled with low liquidity ahead of the long weekend, could exacerbate volatility." Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold has achieved its initial upside target at $3,371 which is the technical confluence of the 0.236% Fibonacci retracement with the upper edge of the price channel after receiving support from the confluence of the EMA21 with the 0.382% Fibonacci retracement. In the short term, if gold breaks $3,371 it will tend to continue its bullish trend with the next target being $3,400 in the short term, more so than the last $3,435 which is the all-time high of $3,500. As long as gold remains within/above the channel, the overall trend outlook is bullish, and the immediate support is currently around the $3,300 raw price point area with the 0.382% Fibonacci retracement level and EMA21. In case of a sell-off below $3,292, gold could still find short-term support at the $3,250 technical point and the 0.50% Fibonacci retracement level. In terms of momentum, the Relative Strength Index (RSI) is pointing up from around the 50 mark, with the RSI still well above the overbought zone, suggesting room for further upside. Looking ahead, the overall technical outlook for gold is bullish, with key points to watch out for as follows. Support: $3,300 – $3,292 – $3,250 Resistance: $3,371 – $3,400 – $3,435 SELL XAUUSD PRICE 3391 - 3389⚡️ ↠↠ Stop Loss 3395 →Take Profit 1 3383 ↨ →Take Profit 2 3377 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295 →Take Profit 1 3307 ↨ →Take Profit 2 3313
OANDA:XAUUSDLong
by Xayah_trading
GOLD MARKET ANALYSIS AND COMMENTARY - [May 26 - May 30]This week, the price of OANDA:XAUUSD increased from 3,204 USD/oz to 3,365 USD/oz, and closed the week at 3,357 USD/oz. The reason for the increase in gold price this week is due to: 🔹Moody's downgrades US credit rating, causing USD to fall. 🔹Unsuccessful US bond auction raises concerns about economic instability. 🔹President Trump threatens to raise tariffs on European goods, raising concerns about trade war. 🔹Escalating tensions in Ukraine, Middle East, increasing demand for safe haven gold. Gold prices next week may fluctuate in both directions, meaning they will adjust and accumulate to wait for the results of US-China trade negotiations, US economic data, and whether Mr. Trump will decide to impose tariffs on Europe or not? Next week, the US will release many important economic data, including: ➡️Durable Goods Orders (Tuesday), ➡️Minutes of the FED's May Policy Meeting (Wednesday), ➡️PCE Inflation Index (Friday). With the Trump administration's tariff policy, inflationary pressures in the US have been under a lot of pressure. If the core PCE index in April increases more than expected, it may cause the FED to continue to keep interest rates unchanged at its July meeting. In this scenario, the USD may increase again, causing gold prices to be under pressure to adjust next week. However, gold prices next week will hardly decrease sharply if the PCE increases, because gold prices next week are still supported by other factors such as tariffs, geopolitical conflicts, etc. 📌Technically, on the H4 chart, gold prices are starting to break the Downtrend line and tend to move closer to the resistance level of 3432. Meanwhile, support is established around the dynamic resistance level of 3300. The gold price trend next week is likely to lean towards a slight increase scenario provided that the USD does not recover strongly and geopolitical tensions continue. However, investors need to be cautious with corrections due to profit-taking or sudden changes due to macroeconomic information. Gold prices next week may fluctuate in the range of 3300-3450. Notable technical levels are listed below. Support: 3,300 – 3,292 – 3,250USD Resistance: 3,371 – 3,400 – 3,435USD SELL XAUUSD PRICE 3451 - 3449⚡️ ↠↠ Stop Loss 3455 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295
OANDA:XAUUSDLong
by Xayah_trading
#202521 - priceactiontds - weekly update - dax futuresGood Day and I hope you are well. comment: tl;dr covered it. I would be really surprised if we see 24000 again over the next days, if not months. If there is no 180° reversal from orange face next week, this is a de-facto embargo and we will see new lows over the summer. current market cycle: trading range and very broad bull channel on the weekly time frame key levels for next week: 22000 - 24000 bull case: My base assumption is that we have started a new bear trend on Friday and any pullback will be a lower high. The higher bulls can get it, the better and weaker the trend will be. On Friday they could not hit the 50% retracement and if bears are strong, market will not trade above 23750 for the next weeks/months. If bulls can get above it, their next target would be the breakout retest 23900. Above 24000 means I am wrong about my thesis and market is doing something else, which will likely be a trading range 23000 - 243000. Invalidation is below 22900. bear case: Last Sunday I only wanted to short this but bears did not do enough until then. Friday changed it and I am in full bear mode if Monday goes well for the bears. Clear invalidation above 24000 and if bulls do not get it, shorts with stop new ath are reasonable. Donald gave the gift to bears, now I want to see some carnage. Market held above the daily 20ema but likely only due to the climactic selling, bears happy for any profit for such a long time and algos buying the first touch of the ema. Next targets for bears are the obvious round number 23000 and then closing the big gap down to 22600 and yes, I absolutely think we can get there next week. Invalidation is above 24000. short term: Neutral until bears show me some follow-through and not letting the bulls out with anything above 23800/23900. We need a big open bear gap and then we can see some bull slaughter. medium-long term from 2025-05-25: My rough guess from early May was down over the summer and up into year end. POTUS certainly helped with the 50% tariffs. I need to see market reaction next week and if there is no 180° reversal until Friday, they will become reality the week after and dax should do 20-30% down over the next months. Markets were not positioned for any risk what so ever. Now we got the atomic trade bomb.
EUREX:FDXS1!Short
by priceactiontds
#202521 - priceactiontds - weekly update - nasdaq futuresGood Day and I hope you are well. comment: Not as bearish as I am on dax but I think market should not go above 21200 again and continue down. For that to happen, bears need to leave a strong bear gap somewhere. Gap down on Monday or Tuesday will likely do the trick. If the bull trend line holds and the current bear trend line breaks, There is the small possibility of another leg up but for now I can’t see that happening. current market cycle: trading range key levels for next week: 19000 - 21000 bull case: Bulls need to stop the selling and reverse to above 21000 fast or bears will push this much lower. If they manage to stay around 21000, more bears could doubt the strength of this selling but it’s a weak argument as of now. If bulls go only sideways around 21000 and close Monday above it, that would change a lot to the better for them. They have support from the daily 20ema until clearly broken. Invalidation is below 20600. bear case: Bears see a clear topping pattern with at least 3 decent tries of going above 21350 and now we have the strong selling on Friday with a total escalation of the trade war with the EU. Bears were given a gift and they need follow-through and leave a big gap that has to stay open, like the bulls did with the 3 current open gaps. Targets for the bears in order are the breakout retest 20277, 20000 and then the prior support around 19300/19400 which is around the 50% retracement. Invalidation is above 21200. short term: Neutral until we clearly have follow-through selling by the bears. I want to lean max bearish but need more confirmation. medium-long term - Update from 2024-05-24: Will update this section more after the coming week but in general the thesis is as for dax. Down over the summer and sideways to up into year end. I don’t think the lows for this year are in.
CME_MINI:MNQ1!
by priceactiontds
#202521 - priceactiontds - weekly update - wti crude oil futuresGood Day and I hope you are well. comment: The past week we saw 3 tries by the bulls to push above 63 and they found no acceptance. I got trapped once because the spike looked so strong but it got zero follow-through. Markets will only try one direction so many times before they try the other one. current market cycle: monthly time frame is a broad bear channel - weekly tf is a bear wedge - daily is a trading range key levels: 55 - 63 bull case: Bulls need to stay above 60 or risk that the market tries back down to 56 or lower. If they can go sideways inside the given range, the better and if we hit 63 enough, it will break. Problem for them is, they tried couple of times now and the odds that 60 breaks are bigger than the breakout above 63. Friday was strong enough to expect not a big bear day on Monday but I am not eager to buy this. Invalidation is below 59.8. bear case: Bears need a stronger break below 59.8 for more downside and they need to make a lower high below 62. That’s the whole story. They are slightly favored since we are at the top of the current range that has been going on for almost 2 months now. They have defended the bear gap up to 64.5 more than 5 times. Invalidation is above 64.4 short term: Neutral. Shorts closer to 63 are good or on a clear break below 59.8. No interest in buying up here unless bulls do something big above 64.4 and break the bear trend line. medium-long term - Update from 2025-05-25: Need a clear break of the trading range 54 - 64 before we can come up with new targets. Bear trend is valid until the trend line breaks.
NYMEX:MCL1!
by priceactiontds
GOLD ends 3 consecutive days of increase, still positiveOANDA:XAUUSD fell on Thursday (May 22), ending a three-day winning streak and continued to decline slightly in early Asian trading today (May 23), mainly due to a recovery in the US dollar and profit-taking by investors after gold prices hit a two-week high. However, the outlook for gold prices remains positive due to geopolitical conflicts. Sources revealed that Israel is preparing to attack Iran's nuclear facilities if negotiations between Iran and the United States fail. Readers can review these specific news in previous editions or regular short updates. Data released by S&P Global on Thursday showed that the preliminary reading of the U.S. manufacturing Purchasing Managers' Index (PMI) rose to 52.3 in May from 50.2 in April, beating expectations of 50.1. The preliminary U.S. services PMI rose to 52.3 in May, compared to both the previous and expected readings of 50.8. Initial jobless claims in the United States were 227,000 in the week ending May 17, down from 229,000 in the previous week and below expectations of 230,000, suggesting the labor market remains solid. The US House of Representatives passed President Trump's "big and beautiful" tax reform proposal on Thursday. According to the Congressional Budget Office (CBO), the proposal would increase US debt by $3.8 trillion over the next decade to $36.2 trillion. Gold is often seen as a store of value during times of political and financial uncertainty. Technical Outlook Analysis OANDA:XAUUSD Although gold fell yesterday, its current position still has enough conditions to increase towards the target at $3,371, which is the price point of the 0.236% Fibonacci retracement. The nearest support to watch is the confluence of the 0.382% Fibonacci retracement with the 21-day moving average (EMA21), and even if gold falls short-term below this confluence, it can still increase with the following supports at $3,250, followed by the 0.50% Fibonacci retracement. The relative strength index (RSI) remains above 50, which is a positive signal for the bullish momentum. For the day, the technical outlook for gold is tilted to the upside and the points to watch are listed as follows. Support: $3,300 – $3,292 Resistance: $3,371 SELL XAUUSD PRICE 3367 - 3365⚡️ ↠↠ Stop Loss 3371 →Take Profit 1 3359 ↨ →Take Profit 2 3353 BUY XAUUSD PRICE 3274 - 3276⚡️ ↠↠ Stop Loss 3270 →Take Profit 1 3282 ↨ →Take Profit 2 3288
OANDA:XAUUSDLong
by Xayah_trading
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