Gold Futures Analysis: Trade Plan COMEX:GC1!
Gold remains in a strong uptrend on the higher time frames, having recently broken above the $3000 level. This move sets the stage for further upside potential. The chart below highlights a Megaphone chart pattern, signaling volatility and broad price swings.
On the 4-hour chart, a pennant pattern is emerging within the uptrend, marked by a downtrend line from the recent highs. Additionally, an inverse head and shoulders pattern has formed, with a decisive breakout higher towards the 2025 CVAH. This level coincides with a high-volume node (HVN) and the edge of the value area distribution for 2025, suggesting it’s a key point of interest. Some consolidation is expected here before we either continue higher or see a rejection that could pull price back toward the uptrend line.
Scenario 1: Continuation Higher, Capped by 3400 Level
In this scenario, we anticipate further consolidation within the pennant on the 4-hour timeframe. After a brief pause, gold could continue higher, testing the 3400 resistance level. If momentum remains strong, we expect to see price consolidate within the pennant pattern to build energy for the next leg higher.
Scenario 2: Rejection at CVAH
In this scenario, gold struggles to sustain the move higher after breaking out from the inverse head and shoulders pattern. A failure to maintain the rally above the CVAH could lead to a rejection, followed by a retracement within the pennant structure. This would likely set up further consolidation towards the 3200 level before the next move up, possibly testing the uptrend line for support.
Our thoughts:
Gold is currently navigating an important juncture, with key levels at 2025 CVAH, 3400 and 3200 in focus. The near-term direction will depend on how price behaves within the pennant, as well as how it reacts to potential resistance or support levels. Traders should stay alert for volatility, as the consolidation phase could resolve in either a continuation of the uptrend or a pullback towards the trendline. Flight to safety, rising yields and geopolitical tensions will play a key role in shaping sentiment and trend in the Gold market.
Metals
XAU/USD..2H CHART PATTERN..gold sell setup with the following parameters:
Sell Entry: 3297
Target: 2310
Let’s summarize this with a title, note, and brief analysis.
📉 Gold Major Sell Setup: High-Risk, High-Reward
Entry: 3297
Target: 2310
Potential Move: ~987 points (extremely large move)
📝 Note:
This trade aims for a massive downside, suggesting a long-term bearish outlook or anticipating a major market crash or correction.
Ensure you:
Use appropriate risk management
Monitor key levels like 3000, 2800, and 2500 as intermediate supports
Watch for macroeconomic events (Fed decisions, inflation data, geopolitical tensions)
🔍 Analysis:
Price at 3297 likely sits near an overbought zone or key resistance
A drop to 2310 implies a trend reversal and breaking of multiple support levels
Targeting 2310 may align with monthly or quarterly timeframe structures
Let me know if you'd like a chart or want to refine stop-loss levels, structure a trade plan, or add risk/reward details.
SPY/QQQ Plan Your Trade For 5-21 : Inside-BreakawayI've been very clear over the past few weeks that I believe the markets are poised for a rollover/topping pattern and I believe BTCUSD is showing us exactly how/when that rollover top is going to play out (June 1-June 9).
In the meantime, I believe the SPY/QQQ are entering a more volatile "early topping" formation while still in an uptrend (Bullish).
I urge traders to start watching various sectors for weakness and keeping your eyes open for any signs the market could be moving into a sideways price rotation.
I think the rollover top will be aligned with some financial event (trade/tariff/other) that will result in a broad disruption of the US/Global markets. And I believe BTCUSD will lead the move by about 4-7+ days.
Gold and Silver are starting to move higher again. That is a sure sign that traders are now more actively seeking to hedge global risks (again).
I believe this move higher in metals may continue through this week and into next week (looking for that top in the SPY/QQQ).
Follow my detailed BTCUSD video to learn why BTCUSD may continue to try to push a bit higher before topping and moving into a broad price decline.
Get some..
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SILVER Will Go Higher! Long!
Take a look at our analysis for SILVER.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 3,314.0.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3,380.1 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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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4-hour time frame update4-hour time frame update
The first two legs of the market have been correcting/rising as expected. So far, the resistance range is 90 to 25, a large range on the daily and weekly time frame, which, with the strong 4-hour market candlesticks, shows that the correction of the third leg may not proceed as analyzed and will only be a pullback of the upward wave. I am keeping the orders and added a new support area to the chart. In addition, the trend line has been broken... and the fourth leg and the view are still the same, and after the correction, the upward movement will be towards the channel ceiling, and if it is stabilized, the movement will be towards the liquidity of the last ceiling.
Platinum: The New Gold for the Next Decade?For centuries, Gold has been the ultimate store of value, a safe haven in times of economic uncertainty. However, as Gold potentially enters a multi-year distribution phase, investors may need to look elsewhere for the next big opportunity. Enter Platinum, a metal that is rarer, more versatile, and increasingly relevant in the modern industrial landscape.
Gold’s Distribution Phase and Bitcoin’s Speculative Nature
Gold has historically been a hedge against inflation and economic downturns, but recent trends suggest it may be topping out. Central banks have been stockpiling Gold, yet its price movements indicate a possible stagnation. Meanwhile, Bitcoin, once hailed as "digital gold," has shown extreme volatility, largely driven by speculation and relentless social media hype. Unlike Gold, Bitcoin lacks intrinsic value, and its future remains uncertain as institutional interest fluctuates.
Why Platinum Stands Out
Platinum is 30 times rarer than gold and has been in an accumulation phase since 2015. Unlike Palladium, which is highly volatile, Platinum maintains a more stable price structure. Its industrial applications make it indispensable in sectors such as:
Automotive Industry : Used in catalytic converters to reduce emissions.
Clean Energy & Hydrogen Economy : Essential in fuel cells for green energy.
Cloud Computing & Electronics : Platinum’s conductivity makes it valuable in advanced computing.
Space Exploration & Aerospace : Its resistance to extreme temperatures makes it ideal for high-tech applications.
Medical & Biomedical Uses : Found in cancer treatments and medical implants.
The Future of Platinum
With global trends shifting toward industrialization and sustainability, platinum’s demand is set to rise. Supply constraints, primarily due to limited mining operations in South Africa, further add to its scarcity. As gold enters a distribution phase, platinum is positioned to take off, potentially becoming a new standard for wealth preservation and industrial utility.
TVC:PLATINUM TVC:PALLADIUM TVC:GOLD TVC:SILVER MARKETSCOM:BITCOIN TVC:DXY SP:SPX EURONEXT:N100 BITSTAMP:BTCUSD OANDA:XAUUSD OANDA:XPTUSD OANDA:XPDUSD OANDA:XAGUSD
Gold Completes A Correction Within Bullish TrendGold made another sharp leg to the upside in first half of April, even showed some accelerating price action away from the 3,000 level. This suggests it might have been part of wave three when looking at the Daily and 4-hour time frame, so there can be more upside within a much more extended impulse structure. Possibly already now after blue wave four consolidation shows first signs of a bottom near 3120. Notice that pullback from recent high is in three legs, while price recovered out of wave (C) channel, so looks like new recovery is in the cards.
GOLD → Need to break Triangle Pattern !!!Gold Analysis
Following a rejection at the 3,120.00 level last Thursday — a key H4 demand zone — gold is currently forming a triangle pattern.
🟢 Bullish Scenario:
If the price breaks above the 3,250.00 level, it may present a buying opportunity with the nearest target at 3,320.00 .
🔴 Bearish Scenario:
If the price breaks below the lower trendline of the triangle pattern, the nearest selling target is seen around 3,055.00.
Best Regard
Gold 1h Analysis - What to expect from Gold today 21st May🌏 XAU/USD Outlook – Asian Session, May 21, 2025
Market Bias: 🔼 Strongly Bullish
Current Price: $3,299.34
Timeframe: 1H (with 5 & 21 EMA)
📊 Chart Breakdown:
Gold has surged cleanly through $3,243.28 and $3,268.13, now testing near-term resistance at $3,301.88.
Momentum is strong — candles are full-bodied with minimal wicks, showing solid buyer control.
EMAs are sharply angled and separated, indicating high momentum. No signs of reversal yet.
This is the strongest 1H push since the bounce from $3,157.35.
🔍 Key Levels:
Immediate Resistance: $3,301.88
Next Targets: $3,329.84 and $3,363.11 if breakout continues
Support Zones: $3,268.13 (structure low) → $3,243.28
Break below $3,268 would be first sign of a pullback starting
🗓️ News Ahead:
No major events during Asia session
Watch for U.S. Existing Home Sales later in NY
Big focus this week remains on FOMC Minutes (Wed) and PMIs (Thu)
📌 What to Expect:
Gold is entering the Asian session on strong bullish momentum
If buyers hold above $3,268, we could see another leg toward $3,329 during the London or early NY session
Likely to see sideways or slight pullback during Asia, but buyers are clearly in control — dips into structure may attract entries
Inverse H&S + Triangle = Gold’s Perfect Setup for a BreakoutAs I expected in my previous idea , Gold ( OANDA:XAUUSD ) started to rise after a correction and made another attack on the Resistance zone($3,280-$3,245) .
Gold is currently moving near the Resistance zone($3,280-$3,245) and Yearly Resistance (2) .
If we look at the Gold chart from a Classic Technical Analysis perspective, two Classic Patterns are clearly visible.
1- Inverse Head and Shoulders pattern , which is a good sign for a Resistance zone($3,280-$3,245) breakout.
2- Symmetrical Triangle Pattern is also a sign of a continuation of the recent bullish trend
In terms of Elliott Wave theory , Gold seems to have completed the corrective waves , and we can expect the start of an impulsive wave . Breaking the Resistance zone($3,280-$3,245 ) can be a good sign for the start of an impulsive wave and a gold pump .
I expect Gold to trend higher in this week , and the first sign could be a break of the Resistance zone($3,280-$3,245) . The targets are clear on the chart.
Note: If Gold touches $3,179 , we should expect a drop.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GOLD - Trio Retest!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈After rejecting the $3,500 round number and upper bound of the wedge, XAUUSD has been in a correction phase trading within the falling red channel.
📚 As Gold approaches the $3,100 - $3,150 support zone, I will be looking for buy setups on lower timeframes as it is the intersection of three rejections:
1- The lower bound of the falling red channel
2- The lower bound of the rising orange wedge
3- $3,100 - $3,150 support zone
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Hanzo / Gold 15m Path ( Confirmed Breakout Zones )Bias: Waiting For Break Out
Time Frame: 15 Min
Entry Type: Confirmed Entry After Break Out
👌Bullish After Break Out : 3320
👌Bearish After Break Out : 3308
☄️ Hanzo Protocol: Dual-Direction Entry Intel
➕ Zone Activated: Strategic Reaction from Refined Liquidity Layer
Marked volatility from a high-precision supply/demand zone. System detects potential for both long and short operations.
🩸 Momentum Signature Detected:
Displacement candle confirms directional intent — AI pattern scan active.
— If upward: Bullish momentum burst.
— If downward: Aggressive bearish rejection.
GOLD at a Decision Point – Inverse Head & Shoulders vs. Channelhello guys!
Gold is currently forming a potential Inverse Head and Shoulders pattern at the bottom of a descending channel. This setup typically signals a reversal, but it faces a critical test at the neckline resistance and channel midline.
📌 Scenarios to Watch:
1️⃣ Bullish Breakout:
If the neckline is broken with strong momentum, we could see a continuation toward the upper resistance near $3,340, aligning with the descending channel’s top.
2️⃣ Bearish Rejection:
Failure to break the neckline could result in a sharp rejection, pushing gold back down toward the demand zone at $3,055–$3,075, especially if price respects the mid-channel resistance.
🔍 Key Technical Insights:
🧩 Inverse Head & Shoulders pattern forming
📉 Still trading inside a bearish descending channel
🛑 Neckline and midline confluence = strong resistance
🔻 Below neckline = bearish continuation risk
Hellena | GOLD (4H): LONG to resistance area of 3300.Dear colleagues, I still expect an upward movement, because I am sure that the five-wave movement is not over yet.
The price has updated the 3202 level, which means that wave “4” is a combined correction (WXY) and it is just completing its movement.
I expect the price to start an upward movement and reach at least the 3300 resistance area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
SILVER RISKY LOCAL SHORT|
✅SILVER is going up now
But despite our mid-term
Bullish bias the price will
Soon hit a horizontal
Resistance level around 33.20$
From where a local bearish
Pullback will be expected
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD Will Keep Growing! Buy!
Hello,Traders!
GOLD is trading in a strong
Uptrend and the price made
A bullish breakout of the key
Horizontal level around 3255$
And the breakout is confrined
So after a potential local
Pullback we will be expecting
A further bullish continuation
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD spikes on geopolitics, not enough for new bull runIn the early trading session this morning (May 21), the spot OANDA:XAUUSD suddenly skyrocketed in the short term, surpassing the $3,300/ounce mark for the first time since May 9. In addition, the price of WTI crude oil also skyrocketed, at one point increasing by 3%. US media reported that US intelligence agencies had detected that Israel was preparing to attack Iran's nuclear facilities.
After the price increase on the previous trading day, the gold price continued to skyrocket to $3,304.18/ounce in the early trading session on Wednesday in Asia. Because gold is considered a safe asset in times of geopolitical and economic uncertainty, new signs of geopolitical instability once again supported the increase in gold prices.
CNN reported Tuesday local time that several US officials told CNN that new information obtained by the US shows that Israel is preparing to attack Iran's nuclear facilities even as the Trump administration seeks a diplomatic deal with Tehran.
Such an attack would be a clear break with President Donald Trump, U.S. officials said. It could also spark a broader conflict in the Middle East, something the United States has tried to avoid since the 2023 Gaza war ratcheted up tensions.
The growing concern stems not only from messages from senior Israeli officials, both public and private, that Israel is considering such a move, but also from intercepted Israeli communications and observations of Israeli military activity that could indicate an Israeli strike is imminent, multiple sources familiar with the intelligence said.
Geopolitical factors also played a role in pushing gold higher, as the failure to reach a ceasefire between Russia and Ukraine and rising tensions in the Middle East could prompt investors to hold onto gold.
The dollar weakened on Tuesday after Moody's downgraded the United States' top triple-A credit rating. Fed officials were also cautious about the economic outlook, hurt by the downgrade. A weaker US dollar means gold becomes more attractive.
Analysis of the technical outlook for OANDA:XAUUSD
On the daily chart, gold surged to a technical confluence of key resistance formed by the location of the 0.382% Fibonacci retracement and the 21-day EMA. At this point, gold has not completely broken out of the price action around the $3,300 base point. If gold breaks above and sustains above the $3,300 base point, it will be in a position to continue to rise with a target of around $3,371 in the short term.
On the other hand, a sell-off below the 0.382% Fibonacci retracement would open the door for a retest of the $3,250 technical level followed by the 0.50% Fibonacci retracement.
Currently, the active position is not yet in line for a new bullish cycle. Therefore, the technical outlook for gold for the day is a retest of $3,250 in the short term, followed by $3,228.
The notable positions for intraday downside correction expectations are listed below.
Support: $3,250 – $3,228
Resistance: $3,331 – $3,345
SELL XAUUSD PRICE 3356 - 3354⚡️
↠↠ Stop Loss 3360
→Take Profit 1 3348
↨
→Take Profit 2 3342
BUY XAUUSD PRICE 3270 - 3272⚡️
↠↠ Stop Loss 3266
→Take Profit 1 3278
↨
→Take Profit 2 3284
GOLD at Key Support Level – Will Buyers Step In?OANDA:XAUUSD is likely undergoing a corrective move as it tests the lower boundary of the ascending channel, as shown on my chart. This boundary acts as dynamic trendline support, and a significant bullish reaction may occur if buyers step in at this level.
A successful rebound from this support could lead to a move toward the midline of the channel, with the most reasonable target in this setup being $3,450. This scenario would maintain the overall bullish trend structure.
As long as the price remains above this support zone, the bullish outlook remains intact. However, a clear break below the trendline support would weaken the bullish outlook and could lead to the next downward trend.
Traders should watch for bullish confirmation signals, such as rejection wicks, rising volume, or bullish engulfing patterns, before entering long positions.
If you agree with this analysis or have further insights, feel free to share your thoughts here!
XAUUSD – Bullish Continuation Ahead?OANDA:XAUUSD is currently trading within an ascending channel, with price recently bouncing off the trendline support after a corrective move. This rebound indicates that buyers are stepping in, maintaining the bullish structure within the channel.
If the bullish momentum continues, we could see a move toward $3,450, aligning with a key resistance level within the channel. This level may act as a potential short-term target before any possible reaction from sellers. A clear breakout above the resistance zone could open the door for the next bullish leg.
However, if the price fails to hold this support level and breaks below it with momentum, the bullish outlook could be invalidated, potentially signaling the next downward trend. Traders should watch for bullish confirmation signals such as higher lows, strong bullish candles, or increasing volume before considering long positions.
If you agree with this outlook or have any additional insights, feel free to share your thoughts!
Gold & Bearish Pennant: Clearer Signs of a Downtrend?Dear friends, it's a pleasure to see you again in today's gold trading session.
At present, according to careful observation and technical analysis, we can see that
OANDA:XAUUSD is showing signs of a slight correction and is likely forming a bearish pennant pattern, consistent with a common continuation candlestick pattern in a downtrend. Specifically:
Previously, the price experienced a strong decline, which plays the role of the “flagpole” of the pattern.
After the drop, the price temporarily moved sideways within a narrow range, gradually narrowing the range and forming a small triangle – characteristic of the consolidation phase in the pennant pattern.
Trading volume also shows a decreasing trend, consistent with the characteristics of this pattern.
With these factors, the current preferred scenario is the continuation of the downtrend, so the Sell position is considered more feasible. I think we could see a move down to $3,155. This area is quite important and could give us a better idea of where the price is headed next.
Just sharing my thoughts on support and resistance, this is not financial advice. Always confirm your setup and manage your risk wisely.