Daily Analysis- XAUUSD (Thursday, 29th May 2024)Bias: Bearish
USD News(Red Folder):
-Prelim GDP q/q
-Unemployment Claims
Analysis:
-Strong bearish momentum during market open
-Looking for price to continue to reach 0.618 fib level
-Potential SELL if there's confirmation on lower timeframe
-Pivot point: 3280
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Futures market
Daily Analysis- XAUUSD (Thursday, 29th May 2024)Bias: Bearish
USD News(Red Folder):
-Prelim GDP q/q
-Unemployment Claims
Analysis:
-Strong bearish momentum during market open
-Looking for price to continue to reach 0.618 fib level
-Potential SELL if there's confirmation on lower timeframe
-Pivot point: 3280
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
May 29, 2025 - XAUUSD GOLD Analysis and Potential OpportunitySummary:
Late yesterday, price broke below 3279, showing signs of bearish momentum.
👉 Today’s main plan: SELL on pullbacks to resistance if they hold.
Watch the 3295–3305 zone closely.
If price breaks above 3305, bulls may regain control — switch to buying pullbacks.
If 3295 holds, stay with the original plan — short on pullbacks to resistance.
It’s okay to leave a small runner and wait for NY session data releases.
🔍 Key Levels:
Resistance: 3323 / 3315 / 3305 / 3295
Support: 3285 / 3276 / 3265 / 3250
📉 Macro Strategy:
SELL if price breaks below 3276 → watch 3273, then 3265, 3260, 3250
BUY if price holds above 3305 → target 3310, 3315, 3325, 3332
⚠️ I won’t be able to post real-time updates today due to other commitments. This is the pre-market plan — I’ll post further strategy updates later if possible.
Stay tuned & trade safe!
👍 Like if this helps — your support keeps me going!
Gold Pullback or Bounce? Watch This Key LevelOANDA:XAUUSD is currently undergoing a correction after being rejected from the upper boundary of its ascending channel. Price is now approaching the lower edge of the channel, which aligns with a major demand zone. The confluence of the ascending trendline and horizontal demand increases the likelihood of a bullish reaction from this area.
If buyers manage to hold control at this level, we may see a rebound toward the 3,450 level, which corresponds with the upper boundary of the channel. This would be a reasonable target within the current bullish market structure.
However, a failure to hold above this support zone could invalidate the bullish outlook and signal a continuation of the downtrend. Traders should look for confirmation signals such as rejection wicks, rising volume, or bullish engulfing candles before entering long positions.
If you agree with this analysis or have any additional insights, feel free to share your thoughts below!
Gold Holds Steady at $3,300 – Is the Rebound Just Beginning?Hello dear traders,
Today, OANDA:XAUUSD is finally showing signs of stability. The metal has successfully rejected a critical support level, an area that has historically attracted strong buying interest. This level is closely tied to the psychological $3,300 mark and continues to serve as a pivotal technical zone for market participants.
Recent price action confirms bullish interest with strong rejection candlesticks featuring long lower wicks followed by bullish follow-through. The support zone remains intact and buyers have stepped in, initiating an upward move.
Now that the price has bounced from this level, the probability of a continued bullish move increases. If momentum persists, gold could rise toward the $3,340 level, a reasonable short-term target based on past structure and minor resistance.
However, failure to hold above $3,300 or a sudden shift in market sentiment could still pose downside risks. A confirmed breakdown below the white support zone would invalidate the bullish setup and potentially open the door to deeper corrections.
Earlier on Wednesday, gold attracted dip buyers once again as it retested the $3,300 level. The overnight rebound in the U.S. dollar lost steam amid ongoing concerns about U.S. fiscal stability and rising bets on Fed rate cuts. Both of these factors tend to support non-yielding gold. Additionally, geopolitical tensions between Russia and Ukraine continue to boost safe-haven demand.
Always remember to confirm your setups and use proper risk management.
Trade Idea:XAUUSD Short ( SELL LIMIT )📉 Multi-Timeframe Breakdown
🔹 H4 Chart (Macro Bias)
• Trend Context: Price is still broadly in an uptrend on the H4, but it’s testing the 50 SMA from above.
• MACD: Bearish crossover below the signal line suggests waning bullish momentum.
• Volume: Slight uptick in bearish volume as price pulls back from the recent highs.
• Bias: Neutral to Bearish Short-Term (H4 trend remains up, but weakening).
🔹 M15 Chart (Setup Zone)
• Structure: A sharp selloff broke both the 20 SMA and 50 SMA.
• Momentum: RSI ~16, oversold—but that can persist in strong trends.
• Volume: Large spike on the breakdown candle = strong bearish interest.
• ATR: 7.97 = elevated volatility.
• Bias: Bearish momentum, potential pullback retest opportunity.
🔹 M3 Chart (Execution Focus)
• Price Action: Freefall with clean rejections at the 20 SMA.
• Volume Spike: Bears in control, RSI also confirms momentum exhaustion but no reversal confirmation yet.
• Bias: Bearish with potential for bounce/pullback retest entry.
⸻
✅ Primary Trade Setup
Type: 🟥 Sell Limit
Rationale: Let price retrace into resistance before fading it, using structure for confirmation.
Entry Zone: 3270–3276 area (prior support becomes resistance near 20 SMA on M15 and 50 SMA on M3).
Stop Loss: Above structure high → 3283
Take Profit: Next key support zone ~3245–3250 (measured move + demand zone on M15/M3).
📌 Sell Limit Order
• Sell Limit @ 3273
• SL @ 3283
• TP @ 3248
FUSIONMARKETS:XAUUSD
Inverse Head and ShouldersSilver going to 38 dollars baby.
We have a confirmed INVERSE
H&S on the daily timeframe.
What are you waiting for?
Florida just passed a bill to
recognize silver and gold as
legal tender! Silver ain't gonna
stay in this area much longer...
Bitcoin to is not gonna just hang
around 107k either...BOTH are
about to PAMP BABY!!!
Good luck and....
************* HAPPY SILVER HUNTING *************
US CRUDE OIL PIVOT AREAUS OIL has formed a good base of support after the decent decline in the previous weeks.
The break of our intraday pivot area could keep the Bullish bias with targets of 63.67 and 64.57 in the near sight.
However failure to break above could bring prices down to 61.57 and 60.67
Gold price shorts stabilize, continuing to fall
💡Message Strategy
Gold prices fell into a weak consolidation pattern as the U.S. dollar continued to rebound and market risk appetite increased, suppressing safe-haven demand. Although it rebounded slightly, it failed to stand firm at $3,300, indicating that the upper resistance is still strong.
From a fundamental perspective, the recently released US durable goods orders and consumer confidence index performed better than expected, providing support for the US dollar.
Specific data showed that US durable goods orders fell 6.3% in April, better than the expected -7.9%, although far lower than the revised value of 7.6% last month; core orders (excluding transportation) recorded an increase of 0.2%. In addition, the US consumer confidence index rebounded sharply to 98 in May, the largest monthly increase in nearly four years, reflecting the improvement of economic and employment prospects.
Trump's postponement of the 50% tariff on the European Union until July 9 has strengthened risk appetite in the short term and weakened the safe-haven demand for gold. However, there are still major uncertainties in trade policy, coupled with the continued deterioration of the US fiscal situation and continued geopolitical risks, which provide some support for gold prices.
In addition, the market generally expects the Federal Reserve to cut interest rates twice in 2025, and this prospect is gradually being factored into gold prices. In particular, if the "Beauty Act" is passed, it will aggravate the fiscal deficit, which may put medium-term pressure on the US dollar and provide long-term support for non-yielding gold.
📊Technical aspects
On the technical level, gold prices fell below the short-term rising trend line on Tuesday and then fell further. It is currently testing the $3,300 level where the 200-period moving average of the 4-hour chart is located. Once the moving average is clearly broken and a valid close is formed, the short-term downward trend may be confirmed.
The initial support level below is in the $3,250-3,245 area. This range has formed a consolidation platform in the past few trading days. Once it falls below or triggers more stop-loss selling, the target will point to the $3,200 integer mark.
Therefore, for the next gold, the best way is to suppress the decline at 3320, break through 3285 (expand the range to find 3275), and successfully break through the downward switching space range of about 30-40 US dollars. If the price breaks through 3320, it will be treated as a sweep, waiting for the upper side to determine the higher resistance of 3330-3325, and then look down to 3285 (expand the range to find 3275), breaking through the switching space
💰 Strategy Package
Short Position:3320-3330,3340-3350
Waiting for the Golden Reversal!After a clean 5-wave bearish impulse, gold has finally tapped into a high-probability reversal zone! Here's what I'm seeing:
🔹 Break of structure confirmed at 3337.46
🔹 Price extended all the way to the 4.236 – 4.786 fib zone (3244–3228)
🔹 Landed perfectly in the SNR zone (3238–3231)
🔹 Bullish divergence spotted on the Awesome Oscillator (AO)
🔹 Now printing a bullish engulfing right at demand? 👀
📍 This is a textbook reversal setup.
💡 Waiting to Buy:
If price shows continued bullish intent or lower timeframe confirmation, I’m looking to enter long from the 3238–3231 area, targeting back to the Fib retracement zones and potentially the structure break at 3337.46.
🛡️ SL just below the 4.786 fib extension for safety.
🔥 Summary:
✅ Structure broken
✅ AO divergence
✅ Engulfing at SNR + fib confluence
🎯 Buy zone activated – now waiting for confirmation!
📌 Let the market come to you. No rush. Just watching for that golden reversal.
#XAUUSD #GoldReversal #FibExtension #AOdivergence #ElliottWave #BullishSetup #BuyZone #SmartTrading #ForexAnalysis
Nasdaq Bulls Back in the Fight – 21K Is the Battlefield📍 The 21K Line in the Sand – Nasdaq’s Second Chance Setup
The bounce off the purple EMA was no joke — big reaction, and now we’re reclaiming key structure: back above VWAP (red), white EMA, and even the weekly pivot (straight orange line).
That pivot zone at 21K is still the line in the sand. I do expect a potential breach — maybe even a quick liquidity sweep — but if buyers step in with momentum and reclaim, I’m interested in longs again.
⚔️ This is a momentum shift — structure's back in favor of bulls, and until we lose 21K with conviction, I’m treating dips into that area as buyable.
📍And if price overreacts? I’m watching 20,750 as a “second chance” zone. Strong bounce there before — I’m not ignoring that twice.
This is still a two-sided game, but for now, bulls are back in position. Let’s see if they hold the line.
BEST XAUUSD M3 BUY AND SELL SETUP FOR TODAY 📊✨ Gold (XAU/USD) Technical Outlook – 30-Min Chart ✨📉
Price is currently trading within a rising channel after a bounce from the marked reversal zone 💜, suggesting a short-term bullish trend 📈. However, the chart outlines two key scenarios: if price breaks out upward, we may see a move towards the 3,366 resistance zone 🔼. Conversely, if the channel fails and price breaks downward, a retest of the reversal zone could trigger a deeper bearish move 📉, potentially targeting the 3,300 area or lower. Traders should watch for confirmation at key levels and react accordingly — not predict impulsively. 🧠⚖️📍
GOLD(XAUUSD): Very Bearish Pattern📉GOLD formed a notable head and shoulders pattern at a significant daily/intraday horizontal resistance.
A bearish breakout from its horizontal neckline indicates strong selling pressure.
It is likely that the price will continue to decline, potentially reaching the 3219 level.
GOLD Bearish Breakout! Sell!
Hello,Traders!
GOLD made a bearish
Breakout of the key horizontal
Level of 3285$ which also
Seems to have been a neckline
Of the small H&S pattern so
We are locally bearish biased
And we will be expecting a
Further bearish move down
Sell!
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With Bullish bias into new Week - 2025/05/26Last week, I published my idea for a whole week with daily updates for the first time. You can read about it here:
🎯 The target of $3348 was reached on Friday due to the announcement of new tariffs against the European Union.
💡 Here is my idea for the week from May 26-30, 2025.
First things first, the Friday session last week ended with bullish momentum. Even though the gold price consolidated more at the $3366 mark, it was obviously to allow time to pass and calm down stressed values like EMA or MACD. This is a very good sign for the start of the week because if the Asia timezone takes the invite, the gold price has a good chance to rise. My expectation is a bullish GAP right at the beginning; if so, it's a clear sign for the rest of the day, in my opinion. These thoughts would support my goal from above $3500 during the week.
📰 Geopolitical News Landscape
India / Pakistan
The ceasefire from May 10 remains tense but intact. Both sides claim victory, while Pakistan strengthens ties with China. Cross-border attacks have ceased, but mutual distrust persists.
➡️ Situation remains fragile; renewed escalation is possible.
Gaza Conflict
Israel intensifies "Gideon’s Chariot" with ground forces in Khan Younis. Mass evacuations and high civilian casualties worsen the humanitarian crisis. Peace talks have stalled as the offensive continues.
➡️ No relief in sight; humanitarian conditions are deteriorating further.
Russia / Ukraine
On May 24, Russia launched its largest air assault yet with 367 missiles and drones—13 civilians were killed. Just before, both sides exchanged 1,000 prisoners. Peace talks remain suspended.
➡️ Violence is escalating; a ceasefire remains out of reach.
U.S.–China Trade War
The 90-day tariff pause triggered a rush to import from China. Shipping bottlenecks and high freight rates are straining businesses. Structural issues remain unresolved.
➡️ Short-term easing; long-term tensions persist.
Trade War on global view
The global trade war has escalated in May 2025, with the U.S. imposing a 50% tariff on EU imports and a 25% levy on foreign-made smartphones, citing trade imbalances. The EU has condemned these moves, warning of potential retaliation. In response to U.S. tariffs, China has restricted rare earth exports, impacting global supply chains. ASEAN nations, heavily affected by U.S. tariffs ranging from 10% to 49%, are urging deeper regional integration to mitigate economic disruptions. The IMF has downgraded global growth forecasts to 2.8% for 2025, citing trade tensions and policy uncertainty. Supply chains are being restructured, with companies shifting production to countries like Vietnam and Mexico. Financial markets are volatile, with increased inflationary pressures and investor anxiety.
➡️ Emerging markets face currency volatility and economic instability due to the ongoing trade conflicts.
⚖️Trump vs. Powell
President Trump increases pressure on Fed Chair Powell to cut rates. The Fed holds interest rates at 4.25–4.5% and warns of inflation. A 10% staff reduction is planned to boost efficiency.
➡️Political interference is increasingly destabilizing markets.
U.S. Inflation – April 2025
Inflation dropped to 2.3%, the lowest since February 2021. However, consumer inflation expectations remain high at 7.3%. The University of Michigan Consumer Sentiment Index fell to 50.8—a historic low.
➡️A clear gap is emerging between official data and public perception.
🔋 Technical Analysis – Short-Term
📊 Analysis: May 19–24, 2025
Weekly Low: $3,204 (May 20)
Weekly High: $3,366 (May 23)
Weekly Close (May 23): approx. $3,358
Total Gain: +5%
🟢 Trend: A clear uptrend is evident. After hitting a low of $3,204 on May 20, gold experienced a strong rally, forming consistently higher highs and higher lows. A brief pullback on May 22 was quickly bought up.
📈 Structure: A series of bullish flag patterns developed, each resolving to the upside. The high at $3,366 currently marks the most significant resistance level.
🔮 Outlook from May 26, 2025
Resistance: $3,366 (recent high)
Support: $3,310 (last local low), below that $3,280 (breakout zone)
Bias: Bullish as long as price holds above $3,310
📌 Scenario 1 – Bullish Breakout: A sustained breakout above $3,366 could unlock further upside potential toward the $3,390–$3,410 area. When Asia session starting with bull GAP the Scenario is the one i preffer.
📌 Scenario 2 – Pullback: A retracement to the $3,310–$3,280 zone would be a healthy correction within the trend, provided this zone holds.
🧭 Conclusion:
Gold remains in a steady uptrend. As long as support levels hold, a continuation toward $3,500 is likely. RSI may be overbought on higher timeframes, so short-term consolidations are possible, but structurally the setup remains bullish.
Anything to ad? Feel free to tell your thoughts.
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
XAUUSD BULLISH SETUP. GOLD GOES 'PREPARING FOR SUMMER'Gold spot prices have experienced significant volatility and notable technical developments over the past several months. Since the start of 2025, gold surged by over 25%, reaching an all-time high of $3,500 per troy ounce in April before retracing to hover near $3,300 by late May.
This rally was fueled by persistent geopolitical tensions, particularly in the Middle East, and a weaker US dollar, which made gold more attractive to international buyers.
Technically, gold entered a parabolic upswing earlier in the year, becoming extremely overbought before breaking below its parabolic trend, signaling a potential top and the start of a corrective phase.
The Relative Strength Index (RSI) has recently dropped below 52, its lowest since February, reflecting weakening bullish momentum. The Average Directional Index (ADX) near 15 also indicates a lack of strong trend direction.
Key support levels are identified at $3,196 (55-day SMA), $3,120 (May low), and $3,031 (100-day SMA), while resistance sits at $3,350.
We are looking forward to further Gold accumulation, ahead of scorching hot summer months.
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Best wishes,
@PandorraResearch Team 😎