GOLD - Price can bounce up from pennant to $3380 pointsHi guys, this is my overview for GOLD, feel free to check it and write your feedback in comments👊
A few moments ago price reached resistance level, but then bounced and started to flat, breaking this level again.
In flat, price declined to support level, which coincided with support area, and then started to grow.
In a short time, Gold exited from flat, breaking $3325 level and then entered to pennant, where it started to fall.
Price soon broke $3325 level again and made a gap, after which dropped to support line of pennant, breaking $3205 level.
But then price quickly turned back, breaking $3205 level again and even reached resistance level, after which corrected.
Now I think that Gold can decline to support line of pennant and then bounce up to $3380, exiting from this pattern.
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Metals
GOLD possible outcomesGold is now approaching 3275 area, which is probably the biggest make or break are right now
If we will see break, we gonna see some retest of previous resistance and we could see retest of ALL TIME HIGH again
If we hold this important 3275 area, we could see one more leg to the lower trendline (Daily TL) and possibly testing higher timeframe support of 3150 area... Possible retest of Daily trendline could lead us to even bigger decline all the way down to 2970 support area
SILVER: The Market Is Looking Up! Long!
My dear friends,
Today we will analyse SILVER together☺️
The market is at an inflection zone and price has now reached an area around 32.882 where previous reversals or breakouts have occurred.And a price reaction that we are seeing on multiple timeframes here could signal the next move up so we can enter on confirmation, and target the next key level of 33.317.Stop-loss is recommended beyond the inflection zone.
❤️Sending you lots of Love and Hugs❤️
Bulls push price to 3360, prepare for PMI⭐️GOLDEN INFORMATION:
Gold prices climbed over 0.50% on renewed safe-haven demand, holding firm above the $3,300 threshold as investor anxiety grows ahead of the U.S. tax bill vote and mounting geopolitical tensions in the Middle East. At the time of writing, XAU/USD trades around $3,317, rebounding from an intraday low of $3,285.
Sentiment remains fragile, with U.S. equity markets slipping into negative territory and Treasury yields ticking higher. All eyes are on the impending vote on President Trump’s tax reform proposal, which the Congressional Budget Office (CBO) estimates could inflate the national debt by approximately $3.8 trillion. Uncertainty around the fiscal outlook continues to fuel demand for gold as a defensive asset.
⭐️Personal comments NOVA:
Gold price recovered well, pay attention to the price zone 3358. Adjusted down, continued to accumulate around 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3358- 3360 SL 3365
TP1: $3350
TP2: $3337
TP3: $3322
🔥BUY GOLD zone: $3264- $3266 SL $3259
TP1: $3275
TP2: $3288
TP3: $3300
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
SPY/QQQ Plan Your Trade For 5-22 : Inside Breakaway CountertrendToday's Inside Breakaway in Countertrend mode suggests the markets may attempt to move downward - away from the recent highs.
I believe the SPY/QQQ will move into a sideways/consolidation range over the next 3-5+ trading days before attempting to make any big moves. We have a holiday-shortened trading week next week, and I believe the markets are moving into the Summer doldrums.
Overall, I would ask traders to stay cautious of this transition in the markets over the next 5--10+ days and prepare for volatility to increase after June 1st.
You all know what I believe is the most likely outcome - a rollover topping pattern followed by a breakdown in price targeting the 525-535 level on the SPY. We'll see what happens going forward.
Gold and Silver pullback back overnight which suggests the metals markets were a bit overheated to the upside. I still believe Metals will continue to push higher.
BTCUSD is trading up above $111k. Here we go.
BTCUSD is moving up into the potential rejection level that I suggested in my 5-20 video as a MASSIVE WARNING setup.
This is where we'll see how BTCUSD plays out - if we continue to push higher or if we REJECT and move into a broad downtrend.
I didn't expect it to happen only TWO DAYS after my video - but here we are.
Time to get muddy and play what price puts in front of us.
Get some.
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XAUUSD: May 22Resistance and support update:
4-hour chart resistance level 3355-3360, support level below 3252
1-hour chart resistance level 3340, support level below 3280
30-minute chart resistance level 3321, support level below 3290
3280~3290 below forms short-term support, which is the current short-term buying position. If the NY market falls below, it is likely to fall to around 3250. The first resistance above is 3321, which is the 0.382 position of the decline. If the rise is suppressed in the 3321~3330 range, it can be sold.
The number of initial jobless claims last week will be announced in 15 minutes. If the number of initial jobless claims is higher than expected (230,000), it will be bullish for gold; if it is lower than 200,000, it may temporarily suppress the gold price and continue to fall.
XAUUSD How VIX points to a Gold Bear Cycle.Gold (XAUUSD) may be on a 5-week correction but on the long-term it remains within a Channel Up since the October 31 2022 Low. That was essentially when its Bear Cycle ended and the new Bull Cycle (Channel Up) started.
The previous Bull Cycle stopped 4.5 months after the Volatility Index (VIX) shown in blue, peaked during the March 2020 COVID flash crash.
We are now on a similar situation as VIX topped on the week of March 31 2025 during the Trade War and has already started to decline aggressively.
In symmetrical terms, we could be around the end of May 2020 on Gold's last short-term pull-back before the final rally to the August 03 2020 Top (where its Bear Cycle started).
As a result, according to this correlation, we may see Gold forming a Bull Cycle Top by the end of July (2025) and then start a new +2 year Bear Cycle.
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Silver Rises to $32.60 on Safe-Haven DemandSilver (XAG/USD) climbed to around $32.60 per ounce on Thursday during Asian trading, recording its third consecutive gain as safe-haven demand increased amid rising U.S. fiscal concerns and global tensions.
Moody’s recent downgrade of the U.S. credit rating to Aa1, citing growing debt and deficits, added pressure on the Dollar. Ongoing unrest in the Middle East and Israel’s military actions in Gaza also supported precious metal prices. Meanwhile, Ukraine is preparing to urge the EU next week to seize Russian assets and target oil buyers, as U.S. sanctions appear to be losing momentum.
The first critical support for Silver is seen at 33.80, and the first resistance is located at 32.30.
Intraday volatility,there is still chance to go long on pullback🗞News side:
1. The situation in Israel escalates
2. Initial jobless claims data
📈Technical aspects:
Influenced by recent news, gold showed a volatile rebound trend. Gold continued to rise in the early Asian session, r OANDA:XAUUSD eaching a high of around 3345. The 3290-3300 level below has absolute support in the short term. As long as it does not fall below 3290, you can go long at 3290-3300. In the 4H cycle, the Bollinger opening and the moving average diverge upwards. The upward momentum is sufficient, and it is not easy to guess the top. Pay attention to the 3310-3300 line of support below, and pay attention to the suppression of the 3340-3350 area above. If the gold price stabilizes at 3350, it is expected to further explore the resistance of 3360-3370. If the European session falls into volatility, maintain the range of high selling and low buying, and consider going long when it retreats to the support level of 3320-3310.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD
GOLD BEST PLACE TO SELL FROM|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,458.82
Target Level: 3,187.96
Stop Loss: 3,639.42
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 4h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Popular Trading Styles in ForexHere are some common trading styles used in the Forex market:
Trend Following: Traders identify and follow the main market trend, buying in an uptrend and selling in a downtrend.
Reversal Trading: Traders look for points where the trend may reverse and enter positions against the current trend.
Range Trading: Traders buy near support and sell near resistance when the price moves within a defined range.
News Trading: Traders capitalize on strong market movements following major economic news releases.
Scalping: Traders open and close trades very quickly, aiming to profit from small price movements.
Swing Trading: Traders hold positions from several days to weeks, taking advantage of short-term price swings within a larger trend.
Technical Analysis Trading: Decisions are based on indicators, price patterns, and volume analysis.
Fundamental Analysis Trading: Traders analyze economic and political factors affecting currency values to make trading decisions.
If you have any questions or need further explanation on any style, feel free to ask.
Good luck and happy trading!
GOLD Technical Analysis - Correction Incoming?Quick summary on XAUUSD, it really resembles my previous analysis on XAUUSD.
Gold has been volatile and needs to be closely monitored. According to our earlier analysis, gold is trading within a clearly defined ascending channel, with the current action now testing the upper boundary. This level may act as dynamic resistance, and a rejection here could trigger a corrective move toward the 3,300 support area.
If buyers defend this support, the bullish structure remains intact, with potential to move back to higher levels. However, if the price breaks below this zone, a deeper pullback toward the lower boundary of the channel may occur.
Monitoring candlestick patterns and volume at this critical zone is essential to identify buying opportunities. Risk should be properly managed. Always confirm your setups and trade with solid risk control.
If you have any thoughts on this setup or additional insights, drop them in the comments!
Gold (XAU/USD) Bullish Trend Continues with XAU/USD (Gold) is trading around $3,308.60 and is showing a clear bullish trend on the 1-hour timeframe. Both the 20 EMA and 50 EMA are trending below the current price, confirming short-term bullish momentum. The nearest support zone is between $3,270 and $3,286, a level that has previously attracted buyers. On the upside, the resistance zone lies between $3,330 and $3,347, where price may face selling pressure.
Traders could look for long opportunities on pullbacks to the support area, with targets set near the resistance range, and a recommended stop-loss around $3,250 to manage downside risk. Overall, the 1H chart reflects sustained bullish momentum, favoring buy setups on retracements.
Most Watchable areas:
$3,270 and $3,286 for downward movement
$3,330 and $3,347 for upward movement
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
XAUUSD at Key Resistance – Breakout or Rejection?Gold is moving within the range at the moment and trying to break 3320. The price bounced from the higher low and is currently testing a key resistance zone around 3320. While the pair remains within the broader upward channel, early signs of rejection could trigger a pullback toward the support level. For bulls to maintain momentum, a clear breakout and hold above the descending trendline is essential. Failure to do so would confirm another lower high, increasing the likelihood of further downside.
Most Watchable areas:
$3320-3330 and $3293-$3305
Proper break above $3330 can open the door to $3360 and if it will be rejected from this area
then Sell will be triggered with target of 3230.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Crucial levels for DXY (USD Basket), Risk Trigger On/OffCrucial levels for DXY. If it breaks lower than the lower trendline it tells me that assets like BTC, Gold, Silver, Copper, Palladium and Platinum can shoot to new ATH´s. If the level holds then I think we could hit a correction in the risk assets among assets already mentioned.
TVC:DXY COMEX:HG1! OANDA:XCUUSD OANDA:XAUUSD FX_IDC:XAUUSD ICEUS:DXY FX_IDC:XAGUSD TVC:PLATINUM TVC:PALLADIUM
Gold Analysis – Can Buyers Push the Price Up to $3,350?OANDA:XAUUSD is trading within a clearly defined ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting a potential continuation to the upside.
Price has recently broken through a key resistance zone and has now returned to retest it. If this level holds as support, it will reinforce the bullish structure and increase the likelihood of a move toward the 3,350 target, aligning with the upper boundary of the channel.
As long as price remains above this support zone, the bullish outlook remains intact. However, failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a deeper pullback.
Remember, always confirm your setups and use proper risk management.
Learn Best Candlestick Pattern For Trend Trading Gold XAUUSD
This secret pattern will change the way you trade Gold XAUUSD.
If you study technical analysis in Gold trading, there is one unique candlestick pattern that you absolutely need to know.
In this article, you will learn the structure and the meaning of one of the most accurate candlesticks in Gold trading.
I will teach you how to recognize this pattern and how to trade it for maximum profits.
Let's start with some theory and let me show you how this candlestick pattern looks.
This candlestick pattern is called inside bar.
It is based on a combination of at least 3 candles.
The first candlestick in a sequence should be a strong bullish or bearish candle. The consequent candles should strictly close within its range.
If at least 2 candles close within the range of the first candle with its bodies, that will be a valid inside bar.
The first candle will always be called the mother's bar , while the following candles will be called the inside bars.
That's a perfect example of the inside bar pattern on Gold XAUUSD chart on a daily.
This pattern is based on 2 important elements that you should always pay close attention to.
The upper boundary of the range of the mother's bar will compose a significant resistance that will provide a safe place to sell.
While the lower boundary of the range of the mother's bar will be a strong support to buy Gold from.
Look how nicely Gold price respected the resistance of the range, dropped to its support and started to grow then.
Once you identified the inside bar, you can easily trade it within the range.
However, I strictly recommend waiting for a confirmation signal before you place a trade.
One of the proven confirmations is a price action signal on lower time frames.
In the example above, Gold formed a bullish chart pattern - double bottom after a test of a support and a bearish pattern - head and shoulders after a test of a resistance.
Remember that the market can not stay within the range of the inside bar candlestick pattern forever.
Bullish violation and a candle close above the range will be a strong signal to buy Gold.
While, a bearish breakout of its range will provide a strong bearish confirmation.
That's how a breakout of the underlined resistance triggered a strong rally on Gold.
Inside bar is the essential pattern both for the gold swing traders and day traders.
This pattern provides a lot of profitable trading opportunities, being very simple to recognize.
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EUR/USD...EURUSD 30M CHART PATTERN..I'm planning a *EUR/USD sell trade* with the following details:
- *Entry Price*: 1.13300
- *Take Profit (TP) Levels*:
- *TP1: 1.12300 (-100 pips*)
- *TP2: 1.11400 (-190 pips*)
### Key Considerations:
1. *Risk Management*:
- Ensure you have a *stop-loss (SL)* in place (e.g., 1.13800 or higher, depending on your risk tolerance).
- A common approach is a *1:2 or 1:3 risk-reward ratio*.
2. *Market Conditions*:
- Check if the trend is *bearish* (e.g., lower highs/lows, RSI below 50, moving averages sloping downward).
- Key resistance levels above 1.13300 could strengthen the sell case.
3. *Trade Execution*:
- Monitor price action around *1.13300* for confirmation (e.g., rejection candles, momentum).
- Consider partial closing at *TP1* and moving SL to breakeven.
Would you like help analyzing the trade setup further (e.g., technical indicators, support/resistance levels)?
Silver H4 | Potential bearish reversalSilver (XAG/USD) is trading close to an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 33.62 which is an overlap resistance.
Stop loss is at 34.70 which is a level that sits above a swing-high resistance.
Take profit is at 31.76 which is a multi-swing-low support.
Disclaimer
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
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Gold Analysis One Hour Time Frame
One hour time frame I still expect an increase to hit the ceiling of the descending channel, even if it breaks this ceiling with a shadow... For today, the support areas and the important area of FVG, whose center is marked, are important support points that can be seen and triggered by Bayer to continue on the path.
FVG LIQUIDITY & POLITICAL SHOCKS: WILL THE SELLERS STRIKE BACK?GOLD PLAN 22/05 – FVG LIQUIDITY & POLITICAL SHOCKS: WILL THE SELLERS STRIKE BACK?
🌍 Fundamental & Geopolitical Overview:
🔺 Breaking Political News:
On the night of May 21, two Israeli embassy officials were fatally shot near the Jewish Museum in Washington in what’s being labeled an anti-Semitic terrorist act.
→ Former President Trump condemned the attack, calling it “disgusting” and demanding an end to extremism.
→ Events like these typically boost gold as a safe haven, but this time the market appears hesitant.
🔺 Meanwhile, the Federal Reserve remains hawkish, signaling “higher-for-longer” interest rates.
→ This continues to support USD strength, putting downward pressure on gold.
🔍 Technical Outlook (H1):
Gold (XAUUSD) recently topped around 3397, followed by a strong bearish rejection candle at that level.
Two Fair Value Gaps (FVG) are now defining market sentiment:
Upper FVG: 3330 – 3356 (partially filled)
Lower FVG: 3277 – 3247 → highly likely to be targeted if breakdown occurs.
EMA 13 & EMA 34 are flattening out, indicating consolidation within a breakout range.
🧭 Trade Strategy for Today:
🔻 PRIMARY SELL ZONE:
Entry: 3395 – 3397
Stop Loss: 3401
Take Profit: 3390 → 3386 → 3380 → 3376 → 3370
🔻 SELL SCALP:
Entry: 3358 – 3360
Stop Loss: 3364
Take Profit: 3354 → 3350 → 3346 → 3342 → 3338 → 3330
🔵 BUY ZONE:
Entry: 3296 – 3294
Stop Loss: 3290
Take Profit: 3300 → 3304 → 3308 → 3315 → 3320 → 3330 → ???
🔵 BUY SCALP:
Entry: 3316 – 3314
Stop Loss: 3310
Take Profit: 3320 → 3324 → 3328 → 3332 → 3340 → 3350
⚠️ Key Things to Watch:
FBI and White House responses to the DC shooting could ignite renewed risk-off sentiment, pushing gold higher suddenly.
A break above 3400 invalidates today’s setup – expect renewed bullish pressure if that happens.
📌 Pro Tip: Don’t chase the market. Let price come to your zones. Respect SL/TP and manage risk – especially on volatile days like today.
📣 Follow this account for live updates, scalping levels, and macro-triggered trading zones in real time!
Gold XAUUSD Intraday Move 21.05.2025Gold is currently trading within a well-respected ascending channel, approaching a significant resistance zone around 3315–3320, where previous supply caused a sharp sell-off. This resistance zone has been tested again and shows signs of rejection with consolidation and wicks to the upside.
If price fails to break above this resistance, we may see a corrective drop toward the 3285–3290 zone, which aligns with:
The channel midline
Previous minor structure support
A potential bullish order block/demand zone
This level present a high-probability buy opportunity within the bullish structure.
Preferred Scenario:
Wait for a retracement to 3285–3290 (buy zone)
If bullish price action forms (e.g., bullish engulfing, rejection wicks), enter long position
Trading Signal – Buy Setup
Buy Limit: 3287
Stop Loss: 3275 (below demand and channel)
TP1: 3315
TP2: 3335 (channel top)
Risk/Reward: ~1:2+
Alternative Bearish Scenario:
If price breaks below 3280 with momentum and closes below the ascending channel, avoid buying and reassess for a possible bearish trend shift.