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Harmonic Patterns

Gold plunged $36 during Asian trading hours. What's the reason?Spot gold suddenly fell sharply during the Asian session, and the current price of gold is around $3,310/ounce, a plunge of $36 during the day. In the optimistic market sentiment, the recovery of US dollar demand seems to put downward pressure on gold prices. Quaid believes that optimism about the possible progress in trade negotiations between the United States and its major trading partners supports risk appetite, boosts the performance of the US dollar against major currency competitors, and gold sellers are trying to regain control. The Wall Street Journal said that weakening the impact of auto tariffs is the latest concession of Trump's trade policy after market turmoil and fierce lobbying by companies and other countries. Looking ahead to this trading day, trade headlines and the re-adjustment of positions at the end of the month will play a key role in driving gold prices. Trading analysis: From a technical point of view, gold prices are currently trying to break down again after failing to confirm a break below the three-week rising channel on Monday. However, as the 14-day relative strength index is still above the midline, any decline in gold prices may be quickly bought. During Asian trading hours, gold must close at the rising trend line support of $3,300/oz to confirm a break below the rising channel. Long-term important support for gold prices is in the $3,260/oz area. If gold prices continue to fall below the above level, a new downward trend towards the $2,975 area will begin. If buyers defend the above channel support of $3,300/oz, a rebound to the static resistance of $3,370/oz will be inevitable. If gold prices continue to recover, the target will be $3,400/oz, followed by the historical high of $3,500/oz. The market is currently in a state of sideways fluctuations. I hope Quaid's analysis can help all traders understand the trend of gold in depth.
OANDA:XAUUSD
by Quaid-1
1
$PLUS Shows a Strong Uptrend: Long at $16.66!DigiPlus Interactive Corp ( PSE:PLUS ) is in a “Strong Uptrend” on a 1-week chart. 📈 We bought at $8.24 and sold at $10.35 previously. Now at $39.45, we’re in a long position at $16.66. With a Trend Score of 6/8 and 66.7% signal alignment, the short-term projected price is $44.2 (+19.1%) , but bearish MACD suggests caution. How to Trade This Setup: • Hold the Trend: The uptrend is strong with high volume—hold the long position from $16.66 for now. • Set Targets: Aim for Resistance 1 at $43.27; Support 1 at $26.51 is key if a pullback occurs. • Manage Risk: With bearish MACD, consider tightening stops or taking partial profits near $44.2. What’s your next move on PSE:PLUS ? Let’s discuss in the comments! 💡 #Trading #PLUS #Analysis
PSE:PLUSLong
by StockMarketInsights77
Short-selling StrategiesI. Analysis of Market Conditions The current chart shows a range-bound oscillation pattern. After the previous decline, there has been repeated contention between bulls and bears. There is no one-sided trend, making trading judgment difficult. 📊 II. Short-selling Strategies Levels: It is recommended to go short in the range of 3380 - 3360 - 3340. This is at the upper edge of the oscillation range, with strong resistance. It is difficult for the price to break through and is likely to decline. 📉 Background: The non-farm payrolls data is about to be released, increasing market uncertainty. Funds may withdraw or take short positions, and the price may decline to squeeze out the bubbles. 📅 III. Long-buying Strategies The support at 3265 has been verified several times, indicating strong buying power from bulls. When the price retracts to around this level, you can consider going long. If the price breaks below this level, be vigilant about a trend reversal and set a stop loss in a timely manner. 📈 ⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️ 🚀 Sell@3360 - 3340 -3320 🚀 TP 3300 - 3280 -3265 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
FOREXCOM:XAUUSDShort
by Sovereign-
Gold's counterattack? Today's market analysisGold has repeatedly tested the 3260-3270 area to gain support. Gold has formed multiple bottom structures in the short term, so the short-term adjustment of gold may end. Gold has formed multiple bottom structures in the 1-hour, and the 1-hour moving average has also begun to gradually turn. If it can turn upward and form a golden cross, then the 1-hour bulls of gold will exert their strength again. Stimulated by risk aversion, gold in the U.S. market once again broke through and rose, and finally broke through Monday's high. Then the first-line suppression of gold near 3335 did not form effective resistance. When gold fell back in the Asian market, we first followed the trend and went long. Gold quickly bottomed out at 3320 first-line support in early trading and then rebounded quickly. Then gold should only be operated in the short term or go long on dips. Operation ideas: Short-term long: 3310-3315 long, stop loss 3300, target 3350-3370; Short-term short: 3350-3360 short, stop loss 3365, target, 3315-3310; Friends, don’t be afraid of missing the market, wait patiently for your own opportunity, the market will never neglect those who are prepared.
OANDA:XAUUSD
by Quaid-1
1
XAUUSD here i love seen this set up appear, banks are gathering orders at the moment, meaning once they break on one direction i will be looking for the oppsite, example if price breaks up im looking for sells or if it breaks down im looking for buys, why beacuse they will manipulate the market, and take out both sides of the market to whip everyone outthis happens over and over again in any market, so for now just patiently waiting, also we will see a big move on friday 5/2/25 since its the 1st friday of the month
OANDA:XAUUSD
by martinale0217
GOLD GOLD Key Drivers This Week Central Bank Buying: Ongoing strong demand from central banks, especially in emerging markets, continues to underpin gold’s rally. Geopolitical Uncertainty: Persistent global tensions and trade disputes are keeping safe-haven demand elevated. Interest Rate Outlook: Markets expect U.S. interest rates to remain steady or decline, which supports gold by reducing the opportunity cost of holding non-yielding assets. Market Volatility: High volatility in equity markets is driving investors toward gold as a defensive asset.
FOREXCOM:XAUUSDLong
by Shavyfxhub
Gold fluctuates and the trend is bearish!The rise and fall of gold is not based on technical aspects, but more on fundamentals and big data, as well as the impact of tariffs. Without these influences, we are bearish this week. If the decline of the big C wave continues, the target will be 3230. 3165 is the Fibonacci 61.8 position of the callback and also the previous high point, which is easy to form a rebound. Gold focuses on two major suppressions, one is the hourly suppression around 3300, and the other is 3315 and 3328, both of which are opportunities for air forces. In terms of the short-term operation of gold, it is recommended to short on rebounds and long on callbacks. The short-term focus on the upper side is 3298-3300 resistance, and the short-term focus on the lower side is 3265-3260 support.
FOREXCOM:XAUUSDShort
by BlairClara
1
Gold technical and fundamental aspects resonate！At present, gold maintains an upward trend of shocks. The short-term support below is the middle track of 3270-3290 and the 30-day moving average. If it pulls back to this range, you can arrange long orders accordingly. The key resistance above is the double top pressure of 3370 and the psychological barrier of 3400. The technical side shows that the right shoulder top pattern is formed near 3370. If it breaks through effectively, it may accelerate the upward exploration. Otherwise, it will face the risk of correction if it encounters resistance. In the near future, we need to be vigilant against the repeated short-term shock pattern of market sentiment. The operation is mainly high-altitude, supplemented by low-long, and avoid chasing up and selling down.
FOREXCOM:XAUUSDShort
by BlairClara
Gold 3260-3370 life and death tug of war!Spot gold prices remained weak during the European trading session, with prices approaching the key support area of ​​$3,265-3,260. Signs of easing global trade relations and a small rebound in the US dollar have put pressure on gold prices. In addition, the decline in gold consumption in some economies in the first quarter of 2025 has also become another factor suppressing precious metals. Current market sentiment is in a cautious wait-and-see state. On the one hand, signs of easing global trade relations have triggered the withdrawal of some safe-haven funds; on the other hand, the persistence of geopolitical risks and expectations of interest rate cuts by the Federal Reserve are still supporting the bullish position of gold. The market is highly sensitive to the upcoming US economic data, especially GDP and non-farm payrolls, which may become a key trigger for gold price movements in the short term.
FXOPEN:XAUUSDLong
by WinifredWalsh
GOLD GOLD Key Drivers This Week Central Bank Buying: Ongoing strong demand from central banks, especially in emerging markets, continues to underpin gold’s rally. Geopolitical Uncertainty: Persistent global tensions and trade disputes are keeping safe-haven demand elevated. Interest Rate Outlook: Markets expect U.S. interest rates to remain steady or decline, which supports gold by reducing the opportunity cost of holding non-yielding assets. Market Volatility: High volatility in equity markets is driving investors toward gold as a defensive asset.
FX:XAUUSDLong
by Shavyfxhub
1
Hold on patiently and wait for the sales opportunity!Hello, traders I think it will make an equal or lower peak that will not exceed its previous peak and will fall again to take power from its rising trend. While I expect a decline in the short term, I continue to expect a rise in the medium term. If you have gold in your hand, of course do not sell. If you are interested in short-term trading, this analysis will help you. My opinion is in favor of being patient and waiting in precious metals. I prefer to look long and medium term. Gold has appreciated well, you are likely to see corrections in this period, but there is nothing to fear. It is a precious metal with increasing demand. If you have it, you can add to your position. If you want to buy gold, you can wait for the right levels and chase the buying opportunity.
OANDA:XAUUSD
by HowarElla
DOLLARThe U.S. Dollar Index (DXY) is currently in a bearish phase, trading near 98.93 as of late April 2025, down from 99.71 earlier in the month. Key drivers include: Political Uncertainty: Trump’s tariff policies (e.g., 25% levies on auto/semiconductor imports) and trade tensions have eroded the dollar’s safe-haven appeal, despite initial short-lived gains. Fed Policy Expectations: Markets anticipate Fed rate cuts in 2025 if inflation cools, weakening the dollar. The Fed’s cautious stance in recent minutes has reinforced this outlook Rising Treasury yields reflect inflation concerns and foreign selling, yet the DXY has weakened due to political risks and growth fears. Basis trades (exploiting price gaps between Treasuries and derivatives) have amplified volatility, with an estimated $800B– MIL:1T at stake. Divergence Signals: The DXY-Treasury spread (usually correlated) has diverged, suggesting markets doubt the Fed’s ability to sustain higher rates despite sticky inflation. This divergence often precedes shifts in risk asset pricing. Fed Policy Impact: Fed minutes emphasize data dependency, delaying rate cuts until inflation eases convincingly. However, bond markets are pricing in 1–2 cuts by year-end, weakening the dollar. Outlook and Critical Levels Bond Yields: Likely to stabilize near 4.5% for 10-year Treasuries if inflation moderates, but geopolitical risks and tariff escalation could drive further volatility. Conclusion The DXY’s bearish bias persists amid political uncertainty and Fed dovishness, while bond markets face turbulence from inflation and foreign capital flows. Traders should monitor: Fed rhetoric and U.S. inflation data (core PCE, CPI). Geopolitical developments (U.S.-China trade talks, tariff adjustments). This interplay suggests continued volatility, with the DXY likely to underperform unless Fed policy or risk sentiment shifts abruptly.
CAPITALCOM:DXYShort
by Shavyfxhub