Can Gold Break Out? Inverse Head & Shoulders Setup on 15-min📊 XAUUSD 15-min Analysis – Inverse Head & Shoulders Pattern Forming
Gold (XAUUSD) appears to be forming a classic inverse head & shoulders pattern on the 15-minute chart. The neckline is observed around the $3296 level, with visible symmetry between the shoulders and the head.
A potential breakout above the neckline could push price toward the estimated target of ~$3329. However, it's important to watch for volume confirmation at the breakout point — volume spikes often add credibility to these patterns.
Support remains near the $3248 level — if price breaks below the head, this pattern would be invalidated.
🟡 Key Levels:
Neckline: $3296
Target: ~$3329 (if neckline breakout holds)
Support: $3248
⚠️ This is an educational chart for technical analysis learning purposes only — not financial advice.
#XAUUSD #Gold #TechnicalAnalysis #ChartPatterns #InverseHeadAndShoulders #Breakout
Futures market
Possible Reverse Head and Shoulders?👁️🗨️ The strong uptrend yesterday, followed by the downtrend during the Asian session, has built a possible inverse head and shoulders pattern (30 min chart) 🤷🏼♂️.
⏫ If an uptrend follows today, the pattern will be complete.
The right shoulder began around $3287, which isn't far from the current price.
👀 Keep an eye on this, as it could drop lower while still keeping the structure intact.
⚡ What's very interesting is that the downward trendline (strong resistance) crosses the neckline support if the time window allows.
🙏 Possible target points:
TP 1: $3358
TP 2: $3382
What are your toughts about this? Please write it in the comments.
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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! 🚀📊
Oil Bears May Look to PounceCrude oil futures have teetered for weeks, and the bears may be getting ready to pounce.
The first pattern on today’s chart is the sharp drop in early April after President Trump announced higher-than-expected tariffs. CL1! quickly broke the 65.27 level where it bounced in September and early March. Prices have stayed there since, which may reflect a lack of buying interest.
Second is the recent consolidation zone above the May 8 high of 60.29. Could a close below that level trigger selling?
Third, prices have remained consistently below their 50-day simple moving average since early February. That may suggest the intermediate-term trend is bearish.
Finally, the 8-day exponential moving average (EMA) recently crossed below the 21-day EMA. That may suggest the short-term trend is getting bearish.
These patterns could be important to watch heading into this weekend’s OPEC+ meeting.
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XAUUSD: Is the Downtrend Likely to Continue?OANDA:XAUUSD is a classic case of a market continuing its downtrend after rejecting resistance within a clearly defined descending channel. This move indicates that sellers are stepping in and maintaining the bearish structure inside the channel.
If the downward momentum persists, we could see a move toward the 3,250 level , which aligns with a significant internal support area within the channel. This zone could serve as a short-term target. A decisive break below this level may open the door to further declines. However, failure to sustain this bearish move could result in a retest of the upper channel boundary.
Traders should watch for confirmation signals such as lower highs forming below the recent supply zone or strong bearish candles near resistance before considering short setups.
If you agree with this outlook or have any additional insights, feel free to share your thoughts!
Bulls rebounded as expected, aiming at 3400!
Gold bottomed out and rebounded as expected today. Gold opened at 3300 today, and the lowest level fell back to 3291 to start the rebound. So far, the highest level has reached 3325. The support below gold is still relatively strong, but the pressure above is also relatively large, so yesterday and today's performance was relatively stable, mainly with small fluctuations. Today in the European and American sessions, we continue to pay attention to the support of 3290-3300. In terms of operation, if the price does not break, continue to increase. If your current gold operation is not ideal, I hope that your investment will take fewer detours. Welcome to communicate and exchange!
From the 4-hour analysis, the support below gold will focus on 3290-3295 later, and the upper pressure will be around 3335-3340. The short-term long and short strength watershed is 3275-3283. Before the daily level falls below this position, continue to look at the long and short shock range, and keep the main tone of high-altitude low-multiple cycle participation unchanged. I will remind you of the specific operation strategy during the session, so please pay attention to it in time.
Gold will go long if it falls back to 3295-3300, and cover long position if it falls back to 3280-3285. The target is 3316-3320, and the target is 3338-3345 if it breaks.
Gold repeatedly goes down and up! Who will win?
At the beginning of the week, gold was under pressure around the downward trend line of 3360. Yesterday, it was consolidated below the trend line and broke through the previous day's low of 3290 to further open up space. It was basically the same as yesterday's idea. Yesterday, 3323-3325 was given as the highest point of the day. After breaking through 3290, it followed the trend to increase positions and follow up with shorts. As the pattern broke, it closed lower. The space is further opened. The daily and weekly lines show signs of further closing down and falling. Today, it will re-test the 3200-3190 area.
The 4-hour chart of gold 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 long arrangement, which continues to suppress the gold price, and the upward trend is further confirmed. In terms of operation, it is recommended to maintain a low-long strategy and focus on the long opportunities after the callback. The main idea for intraday short-term trading is to buy on dips. The upper resistance level is 3220-3225 area, and the lower support is 3250-3245. The specific operation suggestion is to consider buying when it pulls back to 3288-3293 area.
Gold back within my Neutral RectangleTechnical analysis: Gold maintains Selling sentiment (remember the cycle I mentioned regarding #14-day symmetry for aggressive takedown / Traders are witnessing it) from yesterday’s session Hourly 4 chart’s first Support break, however the pace has slowed down as Gold is already near #3,288.80 - #3,292.80 well known Support zone due Hourly 4 chart on critically Overbought condition near #3,327.80 local High's. Gold is isolated within Descending Channel formation and if there wasn’t DX on parallel decline, Gold would be significantly Lower under the circumstances. I highlighted that only catalyst which can revive the Price-action and kick-start the relief rally is on Fundamental side. The Hourly 4 chart’s indicators were showcasing that Gold was Overbought and most of my Intra-day pointers were about to make a Bearish roll-over as I believed that I should start preparing ourselves for a slight pullback (Short-term trend stays Bearish though however there will be Bull spikes certainly towards #3,327.80 - #3,332.80 local Resistance zone). Next Resistance is priced at #3,312.80 / break of it might extend the uptrend towards #3,327.80 Resistance in extension. Gold has invalidated solid Ascending Channel on Hourly 4 chart and if you recall, delivered #2 additional Higher High’s (my chart’s explanation that Gold always delivers #3 Lower Low extensions ahead of full scale reversal, so practically I have one more Higher High’s to expect according to the cycle).
My position: My break-out zones are intact as in withih my previous remarks as I will keep operating within #3,288.80 - #3,227.80 Neutral Rectangle as long as it lasts. If #3,288.80 - #3,275.80 gives away, #3,262.80 - #3,268.80 is zone to monitor.
Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard XAUUSD PLAN – Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard
After a sharp rebound candle yesterday, gold unexpectedly reversed in the Asian session, plunging over $30 as market participants rushed to exit positions ahead of the monthly close. The move reflects strong technical rejection and potential macro pressure.
🌐 MACRO OUTLOOK – US-CHINA TRADE TENSIONS BACK IN FOCUS
Trade negotiations between the US and China are showing renewed signs of strain, especially around tariff policies.
The uncertainty has not triggered safe-haven flows into gold—a sign of waning momentum.
Dollar Index (DXY) remains range-bound, offering no clear direction.
Broad market sentiment indicates institutional cash-out behavior ahead of the weekly and monthly candle closes.
📉 TECHNICAL OUTLOOK – BEARISH STRUCTURE STILL INTACT
Gold is respecting a downward sloping channel on the H1 timeframe.
Price failed to hold above EMA 200, reinforcing bearish bias.
EMA 13 – 34 – 89 – 200 are in bearish alignment, showing continued downside momentum.
Support at 3274 – 3276 is a key reaction zone for potential scalping opportunities.
🔑 KEY PRICE LEVELS TO WATCH
🔴 SELL ZONE: 3322 – 3324
Stop-Loss: 3328
Take-Profit: 3318 → 3314 → 3310 → 3306 → 3300 → 3295 → 3290 → 3280
🟢 BUY ZONE: 3266 – 3264
Stop-Loss: 3260
Take-Profit: 3270 → 3274 → 3278 → 3282 → 3286 → 3290 → 3300
⚡ BONUS SCALP SETUPS
Support Zone 3274 – 3276 → Look for bullish rejection for a quick BUY SCALP (Target: 50 pips / SL: 50 pips)
Resistance Zones 3302 – 3304 and 3310 → Watch for early rejection to enter SELL SCALP, with extended downside targets.
📌 STRATEGY NOTES
Priority: Short-term sell bias unless price reclaims 3310 with momentum.
Avoid trading in the mid-range; wait for price to reach key reaction zones.
Today’s structure favors liquidity sweeps, so patience and disciplined entries are crucial—especially during London and NY overlap.
Cocoa Bull Run over?There’s something brewing in the charts here, and it’s not a hot cup of cocoa. We had a clear rejection at the 0.382 Fibonacci and potentially the start of a C leg in a corrective pattern.
This is lower high after the bull flag breakout pattern. If we lose support here we could break the neckline and confirm the head and shoulders pattern, which is very bearish.
There’s a lot of moving parts to consider here. If you follow my trades you will know I already anticipated this as I am long a stock that behaves in an inverse manner to cocoa.
Not financial advice, do what’s best for you
Crude oil is moving upward again, testing 63 today
💡Message Strategy
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) met at their headquarters in Vienna on Wednesday to assess the current oil market situation. WTI crude oil prices climbed above $62 as OPEC+ said there would be no immediate change to current production policies.
📊Technical aspects
From the daily chart level, the medium-term moving average system suppresses the rebound of oil prices, and the medium-term objective trend is downward. After the oil price hit the low point of 55.20, the frequent alternation of long and short positions formed, and the embryonic form of a falling flag relay appeared from the shape. Pay attention to the strength of the oil price testing the upper edge of the flag. It is expected that after the medium-term trend fluctuates, it will still rise to the 64 position.
The short-term (1H) trend of crude oil fluctuates upward, and the oil price breaks through the 62.5 resistance level. The moving average system diverges and arranges upward, and the short-term objective trend direction is upward. In terms of momentum, the MACD indicator is above the zero axis and the golden cross opens upward, and the bullish momentum is sufficient. It is expected that the crude oil trend will continue to rise within the day.
💰 Strategy Package
Long Position: 61.20-62.00
Gold strategy today, I hope it will be helpful to youYesterday's sharp decline in gold prices has led to short-term oversold conditions in the market. In terms of market sentiment, excessive pessimism has been fully released. Once any positive factors emerge, such as the escalation of geopolitical conflicts or safe-haven demand triggered by worse-than-expected economic data, market sentiment will quickly shift and drive prices to rebound. Additionally, as a globally important safe-haven asset and store of value, gold's long-term value still exists, and the current price decline provides a good entry opportunity for going long.
Gold strategy today, I hope it will be helpful to you
XAUUSD BUY@3285~3295
SL3275
TP1:3305~3315
GOLD: Absolute Price Collapse Ahead! Short!
My dear friends,
Today we will analyse GOLD together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 3,292.92 will confirm the new direction downwards with the target being the next key level of 3,284.27 and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
XAUUSD 15M – Compression Before Expansion?🚨 XAUUSD 15M – Compression Before Expansion?
Gold is forming a bullish wedge near the PDL (Previous Day Low) and has tapped into the 0.5–0.618 Fib retracement zone, aligning with a recent demand area and volume support. Price is coiling, suggesting a potential breakout move.
🔎 Key Technical Confluences:
Retested Recent Broken Resistance Zone near 3280–3285 (now acting as demand)
Price forming a bullish pennant right at the equilibrium zone
Fibonacci 0.5/0.618 (support) + Volume POC at 3297 area
OP (Order Point) marked as key bullish breakout zone → target PDH at 3331
📌 Scenarios:
✅ Bullish Case: Clean break above 3297–3300 could send price toward 3315 and PDH (3331)
⚠️ Bearish Rejection: Failure at OP and breakdown below PDL (~3290) may lead to retest of the deeper demand zone (3250–3260)
🕵️♂️ Faith Driven Note:
Let NY session decide. If liquidity is engineered under PDL and no real breakdown happens, reversal toward PDH is on the table.
📍Bias: Neutral-to-Bullish
🔔 Eyes on: London Close to NY Open for true direction
Analysis and layout of gold on May 30
Focus on key breakthroughs after violent fluctuations in gold
Yesterday, gold staged a "V-shaped" reversal. In the early trading, affected by the US International Court of Justice's overturning of tariff policies, it plummeted from 3295 to 3245; then, due to Trump's request for the Supreme Court to veto the ruling, the price rebounded strongly to 3330, and the daily line closed with a big positive line. Despite frequent disturbances on the news side, there are obvious signs of control by the main funds, and the market is still in a wide range of fluctuations.
Technical analysis
Daily level
The positive line of the bottoming line stands above the 3300 mark, which is strong in the short term, but the moving average is entangled with the middle track (3300-3310), and no unilateral trend has been formed.
Key resistance: 3371 (neckline of the head and shoulders bottom pattern); support: 3280, 3265-3250.
4-hour level
MACD is golden near the zero axis, but the Bollinger band is narrowed, and the oscillation characteristics are significant.
Short pressure: 3325 (up to 3337 if broken); short support: 3291 (down to 3280-3268 if broken).
Hourly line
Bollinger band narrowed, MACD turned dead cross at high level, continued to fall in Asian session, pay attention to the direction of European session.
Trading strategy
Short order: 3300-3305 light position short, stop loss 3315, target 3285-3290.
Long order: 3278-3264 batch layout, stop loss 10 US dollars, target 3290-3300.
Breakthrough strategy: If the European session stands at 3325, step back to 3320 and follow the long, target 3337; otherwise, 3337 can be shorted.
Risk warning
The recent market has been repeatedly swept, strict risk control, avoid chasing up and selling down.
Gold Slips Below 3,300 – Is the Downtrend Still in Play?Gold ended the week at 3,290 dollars per ounce, down about 15 dollars from its overnight high at 3,305.
The main driver behind this decline was the rebound in the US dollar, as recent American economic data pointed to a more resilient outlook, reducing the need for safe-haven assets. Meanwhile, market sentiment was further dampened by ongoing legal uncertainties surrounding former President Trump’s proposed trade tariffs, which made investors more cautious with riskier assets.
From a technical perspective, bearish pressure has persisted since gold topped out near 3,365 in mid-May. Price is now hovering near a mid-range support zone, and if selling continues in the early sessions next week, the 3,265 level could be the next downside target.
I believe gold may remain highly volatile in the coming days, especially as traders await the US Non-Farm Payrolls report on June 5. As long as price stays below the 3,305 mark, the bearish outlook remains intact.
Gold Breakdown Setup | Key Support Test IncomingThe market recently broke below a rising trendline and exited a consolidation zone, signaling potential weakness.
📉 After the breakdown, price formed a lower high and is now retesting the 3,290–3,300 zone. If this minor resistance holds, we could see further bearish continuation.
🔷 Key Level to Watch:
Support around 3,212 — this is a major area where price previously reacted.
📉 Scenario:
Expecting a rejection from current levels, leading to a potential move toward the support zone. If 3,212 breaks, it may open doors to even lower targets.
💡 Trade Idea:
Wait for a confirmation (bearish structure) near the retest area. If confirmed, consider short setups with target around the support level.
✅ Always use proper risk management and confirm with your own analysis
Gold price recovers with PCE news?⭐️GOLDEN INFORMATION:
Gold prices rebounded from weekly lows near $3,245 and surged past the $3,300 mark on Thursday, buoyed by a weaker-than-expected U.S. jobs report and optimism following a U.S. court ruling that halted President Donald Trump’s proposed tariffs. At the time of writing, XAU/USD is trading at $3,318, up 0.94% on the day.
The rally was fueled by data from the U.S. Department of Labor showing that jobless claims rose more than forecast, surpassing both market expectations and the previous week’s figures—an indication of potential softening in the labor market that weighed on the U.S. Dollar and boosted demand for safe-haven assets like gold.
⭐️Personal comments NOVA:
Price zone 3300, gold price accumulated in the past 2 weeks. waiting for fluctuations from tariffs
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3363- 3365 SL 3370
TP1: $3352
TP2: $3340
TP3: $3328
🔥BUY GOLD zone: $3280- $3282 SL $3275
TP1: $3290
TP2: $3300
TP3: $3310
⭐️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
Gold Price Analysis May 30Candle D shows strong buying power on Thursday, most likely today Asia and Europe will decrease and the US session will return to the uptrend.
The bearish wave structure is heading towards 3280. This zone can be bought in Asia and Europe. In the US session, wait for the price reaction to break this zone, limit buying until the bottom of 3254.
Break 3254 confirms the downtrend and heads towards the two support zones 3238 and 3211
When the support zones bounce up, a nice bullish wave is formed and do not SELL Scalp until the 3320 zone. If you break, keep the BUY order up to 3343.
USOIL – Reclaiming the Energy Narrative | WaverVanir Macro Rever📉 Chart Thesis:
After nearly three years of structural decline from the $129 peak, crude oil (USOIL) is approaching a confluence zone of historic Fibonacci support ($56–$60) and a multi-year descending trendline.
This zone may mark the bottom of a long-term accumulation phase.
🧠 Strategic Perspective (WaverVanir View):
“It’s time to take back our resource. Not just politically—but economically, institutionally, and structurally.”
WaverVanir International LLC sees this setup as a rare macro pivot. This isn’t about short-term fluctuations—it’s about the global realignment of resource value in a world where:
Central banks are overleveraged
Strategic petroleum reserves are drawn down
War premium is mispriced
Real assets are undervalued
📊 Key Levels:
Support Zone: $56.04 (historical institutional buy zone)
Breakout Trigger: Trendline above $67.00
Target 1: $101.35 (0.786 Fib)
Target 2: $129.42 (1.0 Fib)
Target 3: $160.58 (1.236 Fib projection)
⚠️ Risk Disclosure:
We are not yet capitalized but actively building a legally compliant funding vehicle. No capital is currently allocated. This post is part of our vision publication cycle to build trust and transparency in WaverVanir’s thesis.
📌 Follow WaverVanir International LLC for conviction-based macro trade ideas at the intersection of data science, price action, and risk strategy.
#USOIL #MacroTrading #Commodities #WaverVanir #TradingView #QuantMacro #EnergyRevolution #FibonacciAnalysis #MarketStructure #EmergingFund