XAU/USD Elliott Wave Analysis: Gold Price Set for Drop to $3,240The chart for XAU/USD (Gold Spot vs. USD) on the 4-hour timeframe displays a potential Elliott Wave structure within a descending channel. The price recently completed a five-wave impulsive move upward, labeled as wave (d), suggesting a corrective move down to complete wave (e). A potential short-term entry point is identified near the top of the rising wedge at **\$3,360**, targeting a bearish pullback. The expected retracement may reach the **\$3,240–\$3,200** zone, where the (e) wave is projected to complete. This area aligns with the lower boundary of the corrective channel and prior structural support. After this correction, a bullish reversal is anticipated, potentially launching a strong rally towards **\$3,520+**, which serves as the long-term **take profit** zone. This setup presents an opportunity for traders to position short in the near term and long once the (e) wave completes, signaling the end of the larger correction and the start of a bullish breakout.
Futures market
Key data will be released, gold will usher in a turning point🗞News side:
1. Musk issued the "strongest" condemnation of Trump
2. Trump and Netanyahu failed to reach an agreement, and the US-Iran negotiations may be "disrupted" by Israel
📈Technical aspects:
Gold prices continued to fall this week as Trump extended the impact of increasing tariffs on the European Union. After stabilizing at 3285 and rebounding yesterday, the gains and losses at 3315 during the day are the key to the subsequent layout. The current Asian session did not stand above 3315 in the morning, which means that the short-term retracement and decline have not ended, and only by breaking through 3315 can there be a chance to continue upward. The 4H level of gold is not so strong at present. The market encountered resistance and fell back at the upper track. Now the market has touched the lower track. The Bollinger Bands have not opened and are still flat, indicating that the market is in a volatile trend in the short term. The support below 3280 just coincides with the lower track. The upper side pays attention to the resistance near the middle track of 3325. If the pressure near the middle track of 3325 is broken, it can be seen to the upper track of 3365. If the market breaks below 3280, it is expected to go to 3260-3250. The European session will temporarily maintain a high-altitude low-multiple cycle. Pay attention to 3315-3325 on the upper side and 3285-3280 on the lower side.
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.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
XAUUSD 15 MINUTEThis chart displays a bullish (buy) trading setup for Gold (XAU/USD) on the 15-minute timeframe. Here's a breakdown of what it shows:
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🧠 Technical Analysis Overview:
1. Support Zone (Highlighted Yellow Area):
Price has pulled back to a support zone, which aligns with a previous breakout area.
This zone is acting as a potential buy-entry point, suggesting a bounce is anticipated.
2. Break and Retest Strategy:
A pink trendline shows previous resistance, now acting as support.
The price appears to have broken above it and is now coming back to retest (a classic confirmation setup).
3. Target TP (Take Profit):
A large purple arrow points to the target zone labeled “TARGET TP”, located around the 3,343–3,344 price level.
This level likely corresponds to a previous structure or supply area.
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📈 Trade Idea Summary:
Entry Zone: Near 3,310–3,312 (current price range and support).
Target TP: Around 3,343–3,344.
Bullish Bias: Based on break-retest confirmation and price structure.
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⚠️ Considerations:
Watch for strong bullish candle formations from the support zone to confirm entry.
Manage risk with a stop-loss below the support zone (possibly under 3,308 or 3,305).
Use volume or other confluence (RSI, MACD) if available, to strengthen entry conviction.
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Let me know if you'd like a trading plan written out for this setup or a script in TradingView Pine Script for alerts or automation.
Gold bearish or bullish?Last week's close gave a bearish start for this on gold.
BUT does the current small correction to the upside mitigate the above resistance and shift the the market into more bearish momentum for the week or price does brake to the upside and we see bullish momentum?
Not sure on the fundamentals side, let's watch sides.
Anyone else, what's your forecast?
Silver (XAG/USD) Analysis Using Mirror Market Concepts + Target📌 Overview:
In this analysis, I’ve applied MMC (Mirror Market Concepts) to Silver’s recent price action. MMC helps traders like us identify symmetry, psychological zones, and repetitive structures in the market. This chart is a textbook example of how buyers and sellers leave patterns behind that we can mirror to predict what comes next.
Let’s dig deep into this elegant setup 👇
📈 1. The Curve Zone Support – Foundation for the Move
At the base of the chart, you’ll notice a curved support zone drawn in black. This isn’t just any random support—this is a rounded structure that shows how price gradually transitioned from bearish to bullish over time.
This Curve Zone Support indicates:
Sellers are getting exhausted.
Buyers are quietly stepping in, absorbing all sell-side pressure.
The market is preparing for an upside breakout.
This zone also aligns with mirror behavior—what price did before, it's setting up to do again.
🟣 2. Mirror Market Concepts in Action
MMC teaches us to reflect past structures into the future. Here’s how it plays out:
Previous dips into the curve zone were followed by strong bullish pushes.
Recent price action mimics earlier structures, forming mini-cups and curved bases.
This behavior suggests that Silver is mirroring its own bullish reversal structure again.
It’s like watching history repeat itself—with new energy.
🟡 3. Demand Zone + Break of Structure (BOS)
Around the $33.00 level, price dipped into a marked demand zone (highlighted in light purple). This is where buyers jumped back in and pushed price up again—proving strong interest at this level.
You’ll also notice a Minor Break of Structure (BOS) above this demand zone, showing:
A small, but significant shift in market sentiment.
Short-term trend change from bearish to bullish.
Fuel for the next leg up.
This BOS acts as confirmation that price is ready to move toward the target.
🎯 4. Targeting Major Resistance – $34.50 Zone
The ultimate goal is the Major Resistance Zone around $34.50. This zone has been tested before and caused strong rejections. But here’s the key difference now:
Price is approaching this level with momentum, structure, and buyer interest.
If MMC continues to play out, this zone could be taken out or at least retested for potential breakout continuation.
This area is marked as your Target Zone and is aligned with the mirrored projection.
🧠 5. What the Market Psychology Tells Us
Let’s not just read candles—let’s read the mind of the market:
Buyers are patiently absorbing every dip.
Sellers are losing control at each attempt to push price down.
The curve base structure is signaling accumulation.
Demand zones are holding perfectly.
Minor BOS adds more weight to bullish bias.
All these are classic MMC psychological footprints.
⚙️ Trade Plan (Educational Purpose Only):
🔹 Bullish Bias:
Entry: On confirmation above the minor BOS or demand retest.
Stop: Below the recent demand zone.
Target: $34.50 Major Resistance area.
🔹 Bearish Watch:
If price rejects from the curve or fails to hold above demand zone…
Price could revisit $32.50 or lower to re-test curve zone again.
📘 Final Thoughts:
This chart is a masterclass in how Mirror Market Concepts work. From the curve zone support to the demand hold, and now a clear target in sight, everything is lining up beautifully.
If you’re a price action trader, this is the kind of structure you wait weeks for.
If the bullish scenario plays out, we could see Silver make a strong run toward the $34.50 resistance zone in the coming days.
Keep your eyes on:
Curve zone support holding
Demand confirmation
Bulls rebounded as expected and broke the intraday highFrom the 4-hour analysis, the support of gold price in the evening is around 3290-95, the pressure above is around 3335-40, and the short-term long-short strength and weakness watershed is 3275-83. Before the daily level falls below this position, continue to look at the long-short oscillation range, and maintain the main tone of high-altitude low-multiple cycle participation.
Gold operation strategy:
1. Go long on gold when it falls back to 3295-3300, and add more positions when it falls back to 3280-85, stop loss at 3273, target 3316-3320, and look at 3338-45 when it breaks;
Brent Crude Oil INTRADAY resistance at 6700Trend: Overall bearish sentiment continues, in line with the dominant downtrend.
Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines.
Key Levels
Resistance:
6700 – Main resistance and pivot level.
Above that: 6860, then 7000 – Upside targets if bullish breakout occurs.
Support:
6350 – Initial downside target.
Below that: 6180, then 6080 – Further supports on continued weakness.
Trading Scenarios
Bearish Continuation:
A failed rally near 6700 followed by rejection could lead to a move toward 6350, 6180, and 6080.
Bullish Reversal:
A daily close above 6700 would break the bearish structure, targeting 6860 and potentially 7000.
Conclusion
Brent Crude remains bearish but is currently consolidating. A rejection at 6700 supports further downside. A breakout above that level would shift sentiment to bullish. Watch 6700 as the key decision point.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
WTI Crude Oil INTRADAY consolidation capped at 6360Trend: The sentiment remains bearish, in line with the prevailing downward trend.
Recent Movement: Price is currently in a sideways consolidation, suggesting indecision near short-term lows.
Key Levels
Resistance:
6360 – Key resistance and prior consolidation zone.
Above that: 6440, then 6530 – Next upside targets if breakout occurs.
Support:
6020 – Initial downside target.
Below that: 5940, then 5820 – Deeper support levels if bearish momentum resumes.
Trading Scenarios
Bearish Continuation:
A rally to 6360 followed by rejection could lead to a drop toward 6020, 5940, and 5820.
Bullish Breakout:
A daily close above 6360 would negate the bearish setup and open the path for a recovery toward 6440, then 6530.
Conclusion
WTI Crude Oil remains under bearish pressure, but is currently range-bound. A rejection at 6360 would confirm downside continuation. A breakout above that level would shift bias to bullish, targeting higher resistance zones. Watch 6360 as the key pivot.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
XAUUSD Bullish Signal | Technical + Custom Algo📈
This signal is the result of a fusion between classic trend analysis and a proprietary algorithm I’ve personally developed.
First, the system identifies the market trend strictly through technical indicators — no emotional bias, no subjective interpretation.
Next, a custom-built intelligent algorithm analyzes the data to pinpoint optimal entry and exit points, then generates the signal.
🔍 The outcome? A fully data-driven signal — no guessing, no personal bias involved.
📌 Note: This signal is intended for educational and analytical purposes only. Trading is at your own risk.
XAUUSD 4H – Liquidity Grab Complete | Bullish Continuation in PlPrice recently swept the previous low around 3,282, tapping into a key demand zone and showing strong bullish reaction. We’ve now closed back above the 50 EMA on the 4H, indicating potential strength returning to the upside.
Breakdown:
• Entry: 3,318
• SL: 3,282 (below liquidity zone)
• TP1: 3,361
• TP2: 3,387 (prior supply / imbalance fill)
Market Structure: Bullish BOS (Break of Structure) confirmed after a higher low formed. Clean rejection wicks near the 3,282 support area show buyers stepping in aggressively.
Bias: Bullish unless we break and hold below 3,282 – would then reassess for potential shift.
Technical Confluence:
• Bullish engulfing candle after liquidity sweep.
• 50 EMA acting as dynamic support.
• Clear FVG (Fair Value Gap) above yet to be filled.
Watch closely for a strong 4H close above 3,320 to confirm bullish momentum. Tight risk, high reward setup — patience is key.
🧠 Smart money concepts in action
🚀 If you find value, like & share
📊 Follow for daily price action plays
Ichimoku Buy Setup exampleSpotted a textbook bullish setup on the weekly Gold chart using the Ichimoku Cloud 👇
✅ Price is above the cloud – indicating a strong bullish trend.
✅ Chikou Span (Lagging Line) is above the cloud and the price – confirming upward momentum and price strength.
This alignment suggests a high-probability buy opportunity according to classic Ichimoku strategy.
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Short-Term Key Levels for Silver as Price ContractsSilver has been contracting over the last couple of days. While the gold/silver ratio remains at historically high levels, ongoing risks in global trade and manufacturing provide strong justification for this imbalance.
In the short term, unless XAGUSD breaks above the 33.45 resistance, the direction may remain to the downside. The 200-hour moving average—often used as both support and resistance—can be followed as the next key short-term target. If this moving average is broken, bearish pressure could intensify.
For upward moves, a breakout above 33.45 could open the way toward 33.55 and 33.70 levels.
USOIL Will Go Up! Long!
Here is our detailed technical review for USOIL.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 61.359.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 64.395 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.
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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Gold at a Psychological Level Gold has now risen to 100 times its previously fixed price of $35 per ounce.
Is this a psychological milestone signaling a correction ahead, or is there still more upside potential?
Under the Gold Reserve Act of 1934, gold was officially priced at $35, a rate maintained until 1971, when President Nixon suspended the dollar’s convertibility into gold, effectively ending the gold standard. This historic move, known as the “Nixon Shock,” allowed gold to trade freely in the market. By December the same year, the market price had already climbed to around $43–44 per ounce.
So why has gold risen from $35 to $3,500?
Gold is widely recognized as a hedge against inflation—but in reality, it has proven to be more than that.
Let’s consider this:
If inflation had compounded at the target rate of 2% per year since 1971, gold should be priced at $102 today.
But at $3,500, the also implied that the compounded annual growth rate is around 8.9%.
So, what explains this outperformance?
One key driver is the expansion of the money supply, especially through debt, and more critically, debt financed by money printing.
Periods of high inflation are can be preceded by an unjustified increase in the money supply, not backed by corresponding income or production output.
In 2018, we saw the beginning of Trump’s Tariff 1.0. Since the anticipation of Trump’s Tariff 2.0, I’ve incorporated a framework I call the QTD Matrix—which stands for Quantitative Easing, Tariffs, and Debt—to track the trajectory of gold prices.
As long as we continue to see:
• Central banks deploying Quantitative Easing during crises,
• Ongoing or escalating Tariff wars, and
• Persistent growth in national Debt,
It is reasonable to expect gold to remain firm and potentially break into new highs.
Historical Observations:
• Let’s start with Gold vs QE. Each major wave of QE has triggered a significant rally in gold—from Japan’s QE in 2001, to US QE1, QE2, and QE3 following the 2008 crisis, and the massive Covid-era QE in 2020.
• Next Gold vs Tariffs. When Trump’s Tariff 1.0 was announced in August 2018, gold pivoted on that very day and began trending higher.
In October 2022, Biden’s export controls on advanced chips acted as a tariff-equivalent event, once again prompting gold to rise.
After Trump's re-election in November last year, markets began pricing in Tariff 2.0, and gold responded by trending upward once more.
• Finally Gold vs Debt. Gold has also moved in close tandem with the rising US debt over the years.
As of now, I believe that QE (Q), Tariffs (T), and Debt (D) will remain in play.
Hence, it's reasonable to expect:
• The cost of living to remain elevated,
• Inflationary pressures to persist, and
• Gold prices to continue their long-term uptrend.
That said, I’m also noticing technical and psychological resistance in the mid-term after it reached $3,500.
This is a quarterly chart, once I have identified its primary uptrend line, I would like to mirror it to its significant peak (going back way back the 1980s, a period of high inflation), which appears to intersect around the psychological level of $3,500.
With the trade war currently on pause, gold may temporarily take a breather. But as long as QTD remains intact, it may just be a matter of time before gold tests its recent resistance—and, if broken, continues its upward trajectory.
We should also ask:
Is there any possibility that the Q, T, or D could shift in the opposite direction?
If so, that could be a positive sign for equity markets.
Micro Gold Futures & Options
Ticker: MGC
Minimum fluctuation:
0.10 per troy ounce = $1.00
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
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GOLD BUY OPPORTUNITYFirstly price is giving us signs of fatigue from a downward trend and also there's a support level that is being observed there. This are not clear indications of a change of trend but there is a small triangle that is just enticing and hoping to get a few pips up before we can expect further down trend.
A Brief Overview of Price Patterns in TradingPrice patterns are technical analysis tools that help identify price behavior on charts to predict future trends.
Common patterns include continuation and reversal formations. Continuation patterns such as flags, triangles, and rectangles often appear during strong trends and indicate the likelihood of the trend continuing after a period of consolidation. Reversal patterns like head and shoulders, double tops and bottoms, and wedges signal potential changes in trend direction. Recognizing these patterns allows traders to optimize entry points, stop-loss levels, and take-profit targets. The clearer the pattern and the higher the timeframe it appears on, the more reliable it tends to be. However, no pattern guarantees success, so it's important to combine them with other factors like volume, support and resistance zones, and confirmation signals before making trading decisions. Each pattern has its own identifying characteristics such as shape, length, and breakout zones, so consistent observation and practice are essential. Price patterns not only assist in technical analysis but also reflect market psychology and crowd behavior. For best results, traders should combine pattern recognition with risk management and patiently wait for clear signals instead of reacting emotionally. A deep understanding of price patterns can increase the probability of success and reduce risk in the trading process.
Wishing you effective trading and strong discipline!