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Harmonic Patterns

GOLD HEADED FOR A MAJOR DROP? | XAUUSD Breakdown Ahead? Gold (XAUUSD) is flashing warning signs as we head into June. After rejecting the strong supply zone near $3,434, the price is showing clear signs of exhaustion. 🔍 What We’re Seeing: Supply Zone Rejection: Price failed to break above $3,434—highlighted by strong volume and visible selling pressure. Double Top Pattern? Price action is hinting at a potential double top near the highs of May. Support Zones to Watch: First Target: $3,068.11 – previously a major breakout level. Stronger Demand: $2,728.13 – backed by high volume and visible accumulation zone. 🧠 Market Psychology Insight: Retail buyers got trapped near the highs. If $3,068 breaks, panic selling could trigger a cascade down to $2,728. 📉 Bearish Bias Activation: If we get a confirmed close below $3,068, I expect a sharp move down. Red arrows indicate potential path if bearish momentum builds. 🕵️‍♂️ What I’m Watching: How price reacts to $3,068 support. Volume confirmation and breakout candle on the 4H chart. Economic calendar – any USD strength could accelerate this move. --- 📊 Trading Plan: 🔴 Sell Trigger: Break and retest below $3,068. 🎯 Target 1: $2,728 (demand zone) ❌ Invalidation: A strong 4H close above $3,434 zone cancels this setup.
FXOPEN:XAUUSDShort
by FrankFx14
5.30 Gold Market5.30 Gold Market This year's gold market is being reshaped by two forces: 1. Trump's erratic trade policy, 2. The approaching turning point of the Federal Reserve's monetary policy. If the US economy enters the "low growth + high inflation" trap, gold may usher in a structural bull market comparable to that of 2008. After continuous shocks and tugs of war, you need to observe more and act less. It seems that the market is big, but it is difficult to do it. At this time, protecting the principal is the top priority. The shock market needs to be arranged at key positions, with upper pressure of 3322-30 and intraday support of 3280-75 SELL: around 3320 SL: 3340 TP: 3270 Thank you for your attention, I hope my analysis can help you.
OANDA:XAUUSD
by EmilyShared
GBPUSD BULLISH OR BEARISH DETAILED ANALYSIS ??GBPUSD has successfully completed its retest of the 1.34300–1.34500 support zone and is now showing strong signs of resuming its bullish momentum. The recent structure confirms a classic bullish continuation pattern, as price bounced cleanly off a critical support level that previously acted as resistance. This level has now flipped into a solid demand zone, giving buyers confidence to push toward the 1.40000 psychological target. Price action continues to respect the uptrend with higher lows forming since mid-April, suggesting strength and institutional accumulation. From a macroeconomic perspective, the British pound remains fundamentally supported. Recent UK inflation data surprised to the upside, causing the market to delay rate cut expectations from the Bank of England. In contrast, the US dollar is weakening due to rising expectations that the Federal Reserve could initiate rate cuts later this year as inflation cools and labor market data softens. This divergence in policy outlooks between the BoE and the Fed is fueling bullish pressure on GBPUSD, making the 1.40000 level a realistic and high-probability target. Technical confluence also supports this bullish wave. Fibonacci retracement levels drawn from the recent swing low to the high align closely with the support zone at 1.34300, which acted as a perfect retest before the next leg higher. Additionally, the bullish engulfing candles and consistent daily closes above the support level add further confirmation to the upside bias. As long as the pair holds above 1.34300, the structure favors bulls with strong momentum to test and potentially break the 1.38000 intermediate level on the way to 1.40000. GBPUSD remains a high-confidence bullish opportunity, aligning both technically and fundamentally. The recent breakout and retest phase is complete, and the pair now appears poised for a sustained rally. With bullish market sentiment, favorable UK data, and USD softness across the board, this setup offers an excellent risk-to-reward ratio for medium-term swing traders targeting the 1.40000 zone.
Long
by AndrewsMarket-Mastery
BEST XAUUSD M30 BUY & SELL SETUP FOR TODAY 📉📊 Gold (XAU/USD) Technical Outlook – Key Decision Zone Incoming! ⚠️📈 Gold prices are currently testing a crucial support zone around 3,251, following a strong bearish momentum. As shown on the M30 chart, the market is now at a make-or-break level, where two potential scenarios could unfold: either a bullish reversal toward the 3,280–3,300 area if price holds and confirms support ✅, or a bearish continuation if the level breaks, pushing price lower toward 3,220 or beyond ❌. Traders should watch for price action signals and wait for a clear breakout or strong bounce confirmation before entering any trades 🧠🔍. This is a high-volatility reaction zone — trade smart! 🎯📉📈
OANDA:XAUUSD
by GoldenTradeInsights
2
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.
ICMARKETS:XAUUSDShort
by ICmarkets
5
Bearish drop?COPPER has rejected off the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 4.6618 Why we like it: There is a pullback resistance that lines up with the 23.6% Fibonacci retracement. Stop loss: 4.7246 Why we like it: There is a pullback resistance leel that lines up with the 50% Fibonacci retracement. Take profit: 4.5233 Why we like it: There is a pullback support level. njoying your TradingView experience? Review us! 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.
VANTAGE:COPPERShort
by VantageMarkets
BTCUSD-Can Buyers Push Price to 130,000 USD?Currently, BTCUSD is a typical case of a market trading within an ascending channel, with price action consistently respecting both its upper and lower boundaries. Price has broken through a key resistance area and may now return to retest this zone as support. This area also coincides with the coin cluster from the recent volatility, and therefore, it deserves particular attention. If this support zone holds, I believe it will reinforce the current bullish structure and open up the possibility of moving toward the 130,000 USD level, which aligns with the upper boundary of the ascending channel. This is a reasonable target based on current price action and market structure. As long as price holds above this support zone, I maintain a positive outlook. However, if price breaks below, the bullish scenario will no longer be valid, and the risk of a pullback toward the lower boundary of the channel will increase.
OANDA:BTCUSDLong
by MR-shahc
BTC LONG TP:110,000 29-05-2025📈 TradingView Post: 🚀 LONG Setup Activated Entry between 105,400 and 106,000, targeting 109,500–110,500 on the 2H timeframe. Estimated duration: 30 hours ⏳ We’re looking at a fake Head and Shoulders — a trap setup with bullish reversal potential. This kind of move shakes weak hands before launching. If the price doesn’t play out within the timeframe, the setup is invalid. We don’t use indicators, we’re not out here drawing lines or cute little shapes — I just give you a clean trade. #BTC #PriceAction #Reydragon21
CRYPTO:BTCUSDLong
by ReyDragon21
Gold operation strategy adjustment!Gold 4-hour K-line chart shows that the Bollinger channel is opening upward, and the short-term trend is obviously weak. From the perspective of the moving average system, the short-term moving average is in a bullish arrangement, which continues to suppress the gold price, and the upward trend is further confirmed. It is recommended to maintain a low-long strategy in operation, focusing on the long opportunities after the callback. The short-term trading idea is mainly to buy on dips. The upper resistance level is to pay attention to the 3315-3320 area, and the lower support is to pay attention to the 3250-3245 range. The specific operation is to buy on the callback to the 3388-3393 area, and consider the layout of long orders. This range needs to be paid attention to.
OANDA:XAUUSDLong
by VictorEsther
1
Bearish reversal?The Loonie (USD/CAD) is rising towards the pivot and could reverse to the 1st support. Pivot: 1.3895 1st Support: 1.3792 1st Resistance: 1.3943 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.
Short
by ICmarkets
2