GOLD Technical Analysis - Correction Incoming?OANDA:XAUUSD is trading within a well-defined ascending channel, with price action now testing the upper boundary. This level could act as dynamic resistance, and a rejection here could trigger a corrective move toward the 3,035 support zone.
If buyers defend this support, the bullish structure remains intact, with a potential move back toward higher levels. However, if price breaks below this zone, a deeper pullback toward the lower boundary of the channel could come into play.
Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Proper risk management is advised, always confirm your setups and trade with solid risk management.
If you have any thoughts on this setup or additional insights, drop them in the comments!
Metals
GOLD ROUTE MAP UPDATEHey Everyone,
A fantastic start to the week with our chart idea playing out perfectly inline with our trading plans.
We started the day with our Bullish target 3090 hit, followed with 3103 and then cross and lock confirmation to complete 3117. We also got the cross and lock above 3117 to open 3128 and just fell short of a pip. We will keep this full gap in mind, as we continue with our plans to buy dips
Rejection at this level will see lower Goldlturns tested and likely continue to see bounces on the weighted Goldturn levels, which we can use inline with our plans to buy dips.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
3090 - DONE
EMA5 CROSS AND LOCK ABOVE 3090 WILL OPEN THE FOLLOWING BULLISH TARGET
3103 - DONE
EMA5 CROSS AND LOCK ABOVE 3103 WILL OPEN THE FOLLOWING BULLISH TARGET
3117 - DONE
EMA5 CROSS AND LOCK ABOVE 3117 WILL OPEN THE FOLLOWING BULLISH TARGET
3128
BEARISH TARGETS
3074
EMA5 CROSS AND LOCK BELOW 3074 WILL OPEN THE FOLLOWING BEARISH TARGET
3055
EMA5 CROSS AND LOCK BELOW 3055 WILL OPEN THE FOLLOWING BEARISH TARGET
3039
EMA5 CROSS AND LOCK BELOW 3039 WILL OPEN THE FOLLOWING BEARISH TARGET
3020
EMA5 CROSS AND LOCK BELOW 3020 WILL OPEN THE SWING RANGE
SWING RANGE
2999 - 2985
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD - Price will make correction movement to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price started to grow inside a rising channel, where it soon reached $2940 support level and broke it.
Then it some time traded near this level and then continued to grow in channel and soon reached resistance line of channel.
Soon, Gold reached the $3055 level and then corrected to the channel's support line, after which it turned around.
XAU reached $3055 level again and broke it, aftr which continued to grow and recently, it reached almost resistance line.
But soon, it turned around and started to decline, so, in my mind, Gold can continue to decline to $3055 level.
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SPY/QQQ Plan Your Trade For 3-31 : Carryover PatternToday's pattern suggests the SPY/QQQ will attempt to carryover Friday's selling trend.
I do believe the SPY/QQQ will attempt to find some support as we move into a Temp Bottom pattern tomorrow. So be aware that the SPY/QQQ may attempt to find support near 535-540/450-455 over the next few days.
I would also urge traders to not get very aggressive in terms of trying to pick a bottom in this downtrend.
In my opinion, I don't see any reason why anyone should be buying into this breakdown unless you are prepared to take a few big lumps. Just wait it out - wait for a base/bottom to setup.
Gold and Silver are moving higher and I believe this trend will continue for many weeks/months.
BTCUSD should continue to move downward - trying to establish the Consolidation Phase range.
As we move into trading this week. Be aware that Tuesday/Wednesday of this week are more ROTATION type days. They may be wide-range days - but they are still going to be ROTATIONAL.
Get some.
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XAU/USD: Bull or Bear? (READ THE CAPTION)By analyzing the gold chart on the 15-minute timeframe, we can see that after the market opened today, a price gap appeared. Once gold filled this gap, it resumed its bullish move and recorded a new all-time high at $3,128. Currently, gold is trading around $3,119, and if the price stabilizes below $3,120, we may see a slight correction.
However, note that there’s been no new structural break on the higher timeframes, so for a more accurate outlook, we need to wait for the price to react to key levels.
This analysis will be updated with your continued support, as always!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed sharply lower, forming a long bearish candlestick, as recession fears intensified. The index fell toward the lower Bollinger Band on the daily chart, while the MACD moved closer to the signal line, indicating a correction.
On the weekly chart, the Nasdaq faced resistance slightly above the 5-week MA, forming an upper wick and closing lower. The MACD is falling steeply, and the signal line is also in a downtrend, suggesting the potential for an overshooting move downward before forming a bottom. From a daily perspective, key support zones to watch are around 19,000 (first level) and 18,500 (second level). The MACD has not yet crossed below the signal line, but if a bearish crossover (death cross) occurs, a strong third wave of selling pressure could emerge. Therefore, caution is advised for long positions. However, since the MACD has not yet confirmed a bearish crossover, there is also the possibility of a rebound off the signal line. It is crucial to wait for a confirmed trend reversal before taking long positions.
On the 240-minute chart, strong sell signals have emerged, leading to a steep decline. The current price action resembles the movement seen on February 21, but since the bottom is not yet clear, it is best to adopt a conservative approach. For short positions, the 3-day moving average can be used as a reference level. For long positions, the lower Bollinger Band may provide a short-term buying opportunity. As today marks the last trading day of the month, watch closely to see if the Nasdaq reaches the 20-month MA or ends the month with a lower wick.
Crude Oil
Oil closed lower, facing resistance at $70. It has fallen back below the 5-day MA, trapping the price within a range-bound structure. On the weekly chart, oil was rejected at the 10-week MA, and since the MACD has not yet formed a bullish crossover, there is a chance that oil could retest its previous double-bottom level. A consolidation phase between the 5-week and 10-week MAs appears likely.
On the daily chart, as the price corrected, the MACD began converging with the signal line. If oil retraces to around $68, a short-term buying opportunity may arise. For oil to resume its uptrend, it needs to pull back toward $68, rebound, and break above $70 with strong momentum. However, this move would likely require a global catalyst. On the 240-minute chart, both the MACD and signal line remain above the zero line, suggesting a higher probability of a rebound and a golden cross formation. Overall, the best approach is to focus on dip-buying opportunities during this phase.
Gold
Gold closed higher, breaking to a new all-time high on the daily chart. Last week, there was a possibility of a pullback toward the 5-week MA, but the MACD has turned upward, surpassing its previous high, reducing the likelihood of a bearish divergence and increasing the probability of further upside. However, since gold has not yet tested the 5-week MA, a short-term correction remains a possibility. On the daily chart, buying opportunities were available at the 3-day MA following a strong bullish candle. A pullback to the 5-day MA within the next few days remains possible, and if this happens, it could present another dip-buying opportunity. Based on wave analysis, gold could target around 3,216. To confirm this upside scenario, the daily chart must show stronger bullish momentum, eliminating the risk of MACD divergence.
On the 240-minute chart, gold has been experiencing strong upward momentum, making it a buy-on-dips market. However, for a more comfortable long position, the MACD needs to exceed its previous peak. Overall, a long-only strategy remains preferable. For short positions, it is difficult to pinpoint the exact peak, so strict stop-loss management is essential. This week, key economic events include the ISM Manufacturing & Services PMIs and Friday's U.S. jobs report, which could increase gold's volatility. Stay cautious.
Today marks the final trading session of March. Tariff-related news and gold’s record highs indicate rising market volatility. Stay adaptive to the market’s movements and trade safely as we close the monthly candle.
Wishing you a successful trading day!
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HelenP. I Gold is still rising and can reach 3115 pointsHi folks today I'm prepared for you Gold analytics. Some time ago, the price tested Support 2 at the 2985 level, which coincided with the support zone between 2985 and 2976 points. This area provided strong support, resulting in a bullish reaction that pushed Gold significantly higher. After bouncing from this key support zone, the price began a steady upward movement, eventually breaking above Support 1 at the 3055 level. This breakout was an important signal, as buyers continued to dominate, driving Gold further up. Following this breakout, the price continued its bullish momentum, clearly holding above the trend line, which has repeatedly acted as reliable support during this rise. Recently, Gold reached the support zone at 3055-3065 points again, retested it, and confirmed the strength of the buyers with a quick upward reaction. Currently, the price is trading comfortably above this support zone and remains firmly bullish in structure. Given the recent bullish impulse, the successful retest of the support zone, and the continuing hold above the trend line, I expect the price to move upward toward my current goal at 3115 points. If you like my analytics you may support me with your like/comment ❤️
Gold – Key Buying Zone at 3,090 for a Target of 3,157Why is $3,090 a Great Buying Area?
Support within the Channel – The price has been respecting the lower boundary of the channel, and 3,090 aligns with this trend structure.
Volume Profile Confirmation – Visible volume accumulation around this level suggests it has strong support. Buyers previously stepped in here, making it a logical point for re-entry.
Trend Continuation Setup – The overall bullish structure remains intact, making pullbacks like 3,090 a low-risk buying area for continuation toward the target of 3,157.
Why Not Short Here?
The trend is clearly bullish, and there are no reversal signals.
Even if a pullback occurs, it should be seen as an opportunity to buy rather than an indication to short.
The price is approaching the upper boundary of the channel, but until clear bearish signals appear, betting against the trend is risky.
Conclusion
A pullback to 3,090 should be considered a buying opportunity for a move toward 3,157. As long as the price remains within the channel, the primary focus should be on buying dips rather than looking for short entries.
Gold - They All Call Me Crazy!Gold ( TVC:GOLD ) is just starting the next rally:
Click chart above to see the detailed analysis👆🏻
Just a couple of months ago, Gold perfectly broke out of the long term rising channel formation. After we then witnessed the bullish break and retest confirmation, it was quite clear that Gold will head much higher. This just seems to be the beginning of the next crazy major bullrun.
Levels to watch: $4.000
Keep your long term vision!
Philip (BasicTrading)
SPY/QQQ Plan Your Trade EOD Update : Rejecting The BreakdownDoes this big rejection bar mean the selling trend is over?
I doubt it.
In my opinion and experience, big rejection bars like this reflect a critical price level where the markets will attempt to REVISIT in the near future.
Normally, when we get a big rejection bar, like today, we are testing a critical support/resistance level in price and you can see the difference between the SPY, DIA and QQQ charts.
The QQQ price data is already below the critical support level and barely trying to get back above the rejection level. Whereas the SPY and DIA are still above the rejection lows.
I see this as a technology driven breakdown and because of the continued CAPTIAL SHIFT, we may move into a broader WAVE-C breakdown of this current trend.
I see the SPY already completing a Wave-A and Wave-B. If this breakdown plays out like I expect, we'll see a bigger breakdown in price targeting $525-535, then possibly reaching $495-505 as the immediate ultimate low.
If you follow my research, there is a much lower level near $465-475 that is still a likely downward target level, but we'll have to see how price reacts over the next 2+ days before we can determine if that level is still a valid target.
Watch for more support near recent lows tomorrow, then a potential breakdown in the SPY/QQQ/DIA.
Get some.
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USD/JPY : Bulls are coming back?! Let's See! (READ THE CAPTION)Upon analyzing the USD/JPY daily chart, we observe that the price precisely hit our previously forecasted target of 148.65 before declining further to 146.5. Following that, USDJPY rallied back up to 151 and is currently trading around 150.680. Should the price manage to stabilize above 150.5, we can anticipate further gains in this pair. This analysis will be updated accordingly.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
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Hellena | GOLD (4H): LONG to resistance area 3100.Wave “3” is still continuing its progression. This means that the five-wave impulse is not over yet and we expect the upward movement to continue.
Of course I would like to see wave “4” as a corrective wave in the area of 3024 level, then I expect an upward movement to the area of 3100 level. This level is also considered to be quite strong, from which there could be a correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
XAUUSD Time to start selling?Gold (XAUUSD) finally hit our 3 month $3000 target that we've been pursuing since the very first week of this year (January 06, see chart below) and in later stages upgraded to $3100:
Now the price has reached the top of the 1.5-year Channel Up, forming a similar 1D MACD peak formation while completing the +22.50% rise that the previous two major Bullish Legs had. As you can see, the pattern makes its Higher High on the 2nd MACD Bearish Cross and in 2 out of 3 Bearish Legs it retraced all the way to the 0.5 Fibonacci level, while on the remaining it the correction was contained to just above the 0.382 Fib.
On all cases the price came close to the 1D MA100 (green trend-line) before bottoming. As a result, even though some more Trump announcements may cause a momentary push upwards, we technically think that it is a solid level to turn bearish now with a fair 2900 Target on the 0.382 Fibonacci where by the end of April it should come close to the 1D MA100.
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EUR/USD: Ready for another Fall? (READ THE CAPTION)By examining the EUR/USD chart on the 3-day timeframe, we can see that the price has moved exactly as expected since our last analysis. After reaching the supply zone between 1.083 and 1.093, the pair began a correction and is currently trading around 1.079. Keep in mind, only if the price stabilizes below the 1.080 level can we expect further downside from this pair.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Hellena | GOLD (4H): SHORT to 38.2% Fibo lvl 3050.Dear colleagues, the price has been in an upward movement for quite a long time and I believe .that it is time for a correction in the “2” wave.
I think it is possible that there may be a small update of the maximum of the top of wave “1” to 3176.771, then I expect a correction to the area of 38.2% Fibonacci level 3050.
As usual there are 2 possible entry options:
1) Market entry
2) Entry by pending limit orders, if the price updates the maximum.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The more you rise, the harder you fall, or what?The month of March has been a strong month for the TVC:GOLD bugs. The commodity has been hitting new highs every week. Let's see where the next target could be.
MARKETSCOM:GOLD
Let us know what you think in the comments below.
Thank you.
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GOLD PoV - SHORT 3.125$The price of gold has recently reached a historic high, surpassing the $3,100 per ounce mark, driven by uncertainty stemming from U.S. tariff policies under President Donald Trump and concerns about potential geopolitical conflicts.
This increase underscores gold’s role as a safe haven asset, with investors seeking stability amid growing economic and political instability.
Trade tensions, particularly the tariff policies proposed by the Trump administration, have contributed to economic uncertainty, prompting investors to seek security in gold.
Additionally, concerns about potential conflicts, such as recent escalations in the Middle East, have further strengthened demand for gold as protection against geopolitical risks.
Central banks have played a significant role in this scenario, increasing their gold reserves. In the third quarter of 2023, reserves increased by 337 tons, bringing the total for the first nine months of the year to 800 tons, about a third of the global mine production for the same period.
This accumulation by central banks has helped sustain the price of gold, highlighting its status as a safe asset.
Regarding investment strategies, some analysts suggest that gold's price may undergo a correction after its recent rally. For example, technical analysis indicates a potential short entry at $3,125 per ounce, with a profit target of $2,925, anticipating a retracement of about $200.
However, it is important to consider that gold price forecasts can be influenced by various unpredictable factors, such as economic policies, geopolitical developments, and market dynamics.
In summary, gold has benefited from a significant increase in value due to the uncertainty arising from trade policies and concerns about geopolitical conflicts. Its nature as a safe-haven asset has attracted investments from both institutional investors and central banks. However, trading strategies, such as short positions, should be evaluated cautiously, considering the volatility and uncertainty that characterize the gold market.
DeGRAM | GOLD reached the boundary of the channelGOLD is in an ascending channel between the trend lines.
The price is still rising and our previous target remains a matter of time.
The chart has already reached the upper boundary of the channel and resistance level.
Indicators are pointing to overbought.
We expect that after retesting the upper trend line and fixing under the resistance level, the price will go down.
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GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3090 and a gap below at 3074. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
3090
EMA5 CROSS AND LOCK ABOVE 3090 WILL OPEN THE FOLLOWING BULLISH TARGET
3103
EMA5 CROSS AND LOCK ABOVE 3103 WILL OPEN THE FOLLOWING BULLISH TARGET
3117
EMA5 CROSS AND LOCK ABOVE 3117 WILL OPEN THE FOLLOWING BULLISH TARGET
3128
BEARISH TARGETS
3074
EMA5 CROSS AND LOCK BELOW 3074 WILL OPEN THE FOLLOWING BEARISH TARGET
3055
EMA5 CROSS AND LOCK BELOW 3055 WILL OPEN THE FOLLOWING BEARISH TARGET
3039
EMA5 CROSS AND LOCK BELOW 3039 WILL OPEN THE FOLLOWING BEARISH TARGET
3020
EMA5 CROSS AND LOCK BELOW 3020 WILL OPEN THE SWING RANGE
SWING RANGE
2999 - 2985
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
short 3145 with 2tp legit 3005 after trump tlk abou tarifffor me its clear here.
its a classic buy the rumour sell the news
so when Trump will talk about tariff psssssss it will back down a lot
also it go far up so fast and a legit good correction is welcome
also high price made many as electronic and other goods ewpansive
$XAUUSD GOLDGold is putting on his best performance in the last few years.
In these phases, very often we can see an acceleration of movement
I also don't rule out the possibility that we break the channel up.
Gold remains a protective asset, and I want to say that this is not the top yet; now, every correction is a new entry point.
The question is, where will it be?
We will break this upward channel from below, stay under it for a while, and then go for new tops.
Now that all amateurs are convinced that everything is moving in the channel, we will break the channel down, and we need to go short. At the expense of these short positions, we will update the ATH. In 2025, I think it would be too easy.
Best regards EXCAVO
_____________________
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GOLD Will Go Down From Resistance! Short!
Here is our detailed technical review for GOLD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 3,118.23.
The above observations make me that the market will inevitably achieve 3,093.41 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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