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Gold Looks Towards 2700 $Gold Futures Short at 2730 $ as Double Top Pattern formation completed and Neck Line is Broke successfully with retest done in H1 time frame. Expected fall towards 2700 $ which will be Profit Taking level. Characteristics of a Double Top Pattern: Two Peaks: The price creates two nearly equal highs, indicating strong resistance at that level. The peaks are separated by a pullback (called the "valley"). Support Breakout: The pattern is confirmed when the price breaks below the "neckline" (the horizontal line connecting the lowest point of the valley). Volume: Volume is typically higher during the first peak and lower during the second, showing weakening bullish momentum. Bearish Implication: When the neckline is broken, it suggests a potential downtrend, as buyers fail to push the price higher.
COMEX:GC1!Short
by asiangoldtraders5
XAU/USD: Rising Wedge Breakdown SetupThe chart depicts a clear rising wedge pattern, signaling a potential bearish reversal for Gold (XAU/USD). Key Features: 1. Wedge Formation: The price is consolidating within converging trendlines, indicating weakening bullish momentum. 2. Resistance Zone: Sellers are active near $2,754 - $2,760, capping further upside movement. 3. Breakout Potential: A decisive break below the wedge's lower boundary near $2,710 would confirm the bearish setup. 4. Target: Based on the pattern height, the projected target is $2,640, aligning with strong support levels. 5. Invalidation: If the price breaks above the resistance zone at $2,760, the bearish outlook is invalidated. Trading Strategy: Sell Entry: Below $2,710 after confirmation of breakout. Take-Profit: $2,640 (measured move target). Stop-Loss: Above $2,760 to minimize risk. Volume and price action will be key to validate this high-probability trade setup. Stay alert for confirmation signals!
OANDA:XAUUSDShort
by SOPHIA_06
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PEPPERSTONE:NICKELLong
by Thief_Trader
Weekly chart The daily improvement in the Greenback motivates Gold prices to give away part of the weekly strong advance and slip back to the vicinity of the $2,700 region per troy ounce at the end of the week. The short-term technical outlook for Gold price continues to favor of Gold buyers as the previous week’s symmetrical triangle breakout remains in play and the yellow metal holds well above all the major daily simple moving averages (SMA). Gold price eyes acceptance above the key static resistance at $2,726 to extend the uptrend toward the $2,750 psychological barrier. The next target is aligned at the record high of $2,790. If the correction unfolds, Gold price will find initial demand at the previous day’s low of $2,690, below which the January 15 low of $2,670 will be tested.
OANDA:XAUUSDLong
by JohnHarry_7
1
update usoilHow are you doing with these good markets, friends? Today we have an update oil as well In the past days and weeks I talked about rising from the 69.750 areas as a key to rising when oil was negative on the daily frame negative and we have a rise to the $80 point And we will see more rising with the break of the 72.500 area and indeed we saw this rise as we expected And I told you that it is expected that we will see a decline with reaching this level and indeed today we saw a somewhat violent decline from the small time frames We have two scenarios The first is that the daily time frame is still positive but we will see a decline on the small time frames and this will take us to levels perhaps 73 and rise again The other scenario is if it is broken strongly next week or this week with the weekly closing it will turn into a negative daily frame and we will go to lower areas We will see more decline until 69 You have this chart you can check the break of each line where the market will go
MARKETSCOM:USOILShort
by Indicators1MGGROUP
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our analysis playing out once again in true level to level fashion. We got our Bearish target at 2696 hit with no cross and lock below this level and therefore confirming the rejection for the bounce. We now have 2717 gap left above and will need to see ema5 cross and lock on either weighted level to determine the next range. We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2717 EMA5 CROSS AND LOCK ABOVE 2717 WILL OPEN THE FOLLOWING BULLISH TARGET 2737 EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET 2753 EMA5 CROSS AND LOCK ABOVE 2753 WILL OPEN THE FOLLOWING BULLISH TARGET 2768 EMA5 CROSS AND LOCK ABOVE 2768 WILL OPEN THE FOLLOWING BULLISH TARGET 2786 BEARISH TARGETS 2696 - DONE EMA5 CROSS AND LOCK BELOW 2696 WILL OPEN THE FOLLOWING BEARISH TARGET 2675 EMA5 CROSS AND LOCK BELOW 2675 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2661 - 2647 EMA5 CROSS AND LOCK BELOW 2647 WILL OPEN THE SWING RANGE SWING RANGE 2632 - 2618 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
16
GOLD at Key Resistance Zone – Potential Bearish CorrectionGOLD is at a significant resistance zone, marked by historical price rejections and heightened interest from sellers in the past. If the price confirms a rejection from this resistance level, I anticipate a short-term bearish move toward the 2,692.88 level, which represents a logical target within the current market structure. This setup aligns with the expectation of a correction after a sharp rally into resistance. Traders should monitor this zone closely for rejection signals, such as bearish candlestick formations or increased selling pressure, to confirm the likelihood of a pullback.
OANDA:XAUUSDShort
by DanieIM
1
USOIL Bearish Setup: Reversal from Supply ZoneUSOIL is at a significant supply zone, marked by historical price rejections and strong selling pressure in the past. This zone has previously acted as a turning point, where sellers regained control, driving prices lower. The recent bullish rally has pushed the price into this critical resistance area. However, given the strength of this supply zone and the overextended bullish move, there is a high probability of a bearish reversal if price action confirms rejection (e.g., bearish engulfing candles or long upper wicks signaling selling pressure). I anticipate a bearish move toward the 75.50 level, which represents a logical target for this setup.This setup aligns with the expectation of a potential correction within the broader market context. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
TVC:USOILShort
by DanieIM
XAUUSD - Gold Testing Resistance LevelGOLD is approaching a key resistance zone, which has historically acted as a strong supply area. This zone has previously seen significant price rejections, suggesting that sellers may step in again if the price reaches this level. The current market structure shows a bullish move toward this resistance zone, but the momentum may begin to fade as it tests the upper boundaries. If the price confirms a rejection at this resistance zone with clear bearish signals, such as wicks or bearish engulfing candles, we could see a potential downward move. I anticipate that, upon rejection, the price may head lower toward the $2669 level. This setup aligns with the idea of trend exhaustion near resistance, providing an opportunity for a short-term correction. Let me know your thoughts or if you have any additional insights regarding this setup! Feel free to share in the comments!
ICMARKETS:XAUUSDShort
by DanieIM