The mouth can't drive gold up
💡Message Strategy
US President Trump announced that the deadline for EU trade negotiations will be extended to July 9, and at the same time withdrew the threat of a 50% tariff on EU goods originally scheduled for June 1. This decision marks a phased easing of US-EU trade tensions, leading to a significant cooling of market risk aversion.
The statement of European Commission President Ursula von der Leyen revealed the key reason for the extension: "The EU needs more time to reach a comprehensive agreement that is beneficial to both sides." It is worth noting that just three days ago on May 23, Trump also threatened to impose high tariffs on EU cars and other goods in a tough manner, and even considered wielding the tariff stick against iPhones produced outside the United States. These remarks pushed the gold price up more than 2% in a single day.
📊Technical aspects
At present, the direction of gold is only a correction and decline. The market is not driven by words. The idea of gold trend that has been emphasized last week is to pull back to high altitudes. Facts have proved that gold cannot break through the high pressure position.
All the news is filled with the atmosphere of gold rising. The truth is often in the hands of a few people. We should correctly judge the changes in the market and not blindly follow them.
💰 Strategy Package
Short Position:3340-3350,3360-3370
Futures market
Gold is about to clarify its trend direction
📊Technical aspects
1. The double-line position of the hourly chart is now in the 3290-3310 area. After the price fell below the double line, it used the lower track of the double line (purple trend line) as suppression and continued to fall and break the low
Then after breaking through the double line, it turned into support, especially after breaking through the repeatedly suppressed purple trend line position 3250, forming an accelerated sprint, and the space amplitude exceeded 100 US dollars
Then the purple trend line position, as the space switching line position, the subsequent space breakthrough will achieve at least 100 US dollars of space switching
2. The four-hour lifeline position is now at 3320. Due to the price surge After the high, there was no increase in volume and acceleration of the rise, but a continuous rise and fall. The four-hour pattern also began to close. The lifeline position is the dividing line. The double-line lower track and the pattern lower track are superimposed in the 3283 area. Special attention should be paid to it. Together with the 3270 position of the hourly chart, it will become the space switching point for the subsequent market.
3. Interestingly, the daily lifeline position is in the 3285 range, which is also the low point of the second half of last week and the final support point determined by the retracement. Multiple supports are superimposed here, which means that the subsequent price can fall below this point and realize the space switching.
💰 Strategy Package
Short Position:3340-3350
XAUUSD:Start going longGold rose to test the 3,350 resistance level before falling again. Meanwhile, U.S. President Trump postponed plans to impose a 50% tariff on the EU, cooling market risk aversion. After the decline, gold retested the 3,290–3,300 support zone. Today, after profiting from short orders, you can attempt to go long in this area, as I mentioned earlier—the impact of news is only temporary.
Today's trading strategy for gold:
xauusd buy@3290-3300
tp:3320-3340
XAUUSD Elliott Wave . Wave (5) Targeting $3,700 After Pullback!The chart you’ve shared is a **2-hour Gold Spot (XAUUSD) analysis** using **Elliott Wave Theory**. Here's a clear breakdown of what’s happening:
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### 🧠 **Technical Summary:**
* **Larger Structure:** The chart shows a 5-wave Elliott Wave sequence. Waves (1) to (4) have already completed.
* **Current Situation:** The market is likely in a subwave structure of wave (5), with a small 5-wave formation labeled in **red** within the final wave (5).
* **Trend Channel:** The price broke out of the descending channel formed between waves (3) and (4), signaling a bullish breakout.
* **Pullback Zone:** A minor correction is expected before the final push upward, targeting the **\$3,650–\$3,700** area.
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### 🔍 **Key Observations:**
* 📉 **Corrective Wave Complete:** The drop from (3) to (4) formed a falling wedge/channel — typical in wave 4 corrections.
* 📈 **Impulse Wave Starting:** A new 5-wave upward impulse appears to be forming within wave (5).
* 🧱 **Demand Zone Highlighted:** A retracement into the support zone (\~\$3,250–\$3,270) is anticipated before a rally.
* 🎯 **Target Zone:** The final wave (5) is projected to hit between **\$3,650–\$3,700**, marked by the green target box.
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### 📌 **Outlook:**
* ✅ **Bullish Bias:** Long-term wave structure favors more upside.
* ⚠️ **Short-term Dip Possible:** A drop toward the demand zone is expected before further rally.
* 🕰️ **Timing:** Expect the final wave (5) to complete by early June, based on current structure.
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### ⚠️ **Disclaimer:**
This analysis is for educational purposes only. Always manage risk properly and consult your own analysis or financial advisor before trading.
Let me know if you'd like a trading plan or want this chart translated into a Pine Script/EA.
WTI Consolidates and Holds Above 60Crude oil remains locked in a resilient sideways range, with strong support between $55 and $58, and a key resistance zone between $63 and $65. Momentum indicators are mixed:
• Daily RSI remains neutral, allowing for both bullish and bearish scenarios.
• Weekly RSI shows a clean bounce from 2020 extremes, suggesting underlying bullish potential.
Scenarios to Watch
Bullish Scenario:
A sustained move above $63.80–$65 could pave the way for gains toward $66.90, $69.20, and $71.
Bearish Scenario:
A decisive break below $58 would expose downside risk toward $56.70 and $55. In the case of extreme market turbulence, further losses toward $49 remain possible—potentially setting up for a new long-term bullish positioning.
- Razan Hilal, CMT
gold on sell#XAUUSD price have reached the max decline base on past price movement and now we wait for breakout below the low to keep selling.
Below 3292.6 have bearish continuation which will target between 3285 for bullish reverse or a drop below 3281 will keep falling till 3270. SL 3306
The bullish range needs a long candle to confirm.
GOLD breakout imminentExpecting gold to break higher toward $3,430 if bullish catalysts emerge, but its worth to keep an eye on dollar strength or risk-on sentiment that could push prices lower.
A breakout above the descending resistance around $3,340 could push gold toward the next resistance at $3,430.97, potentially reaching $3,480 if momentum continues. Thats scenario A and honestly what i'm looking for. Might enter with small position now at 3331.
Scenario B would be a continuation of this correction. After this amazing run thats been going on for a while, that woud make sense. But geopolitical tensions all around the world are still to be resolved. This renewed pause on tariffs to the EU could help gold prices decline.
Will be updating.
CL Futures Outlook May 27, 2025 Compression Near Structure ZonesToday, CL is trading just above a key mid-structure zone, continuing its sideways movement between defined supply and demand levels.
🔹 Current Technical Picture:
Price remains inside a compression range
Resistance at the top red zone where price was rejected yesterday
Mid green zone acting as current structure support
Lower green zone marked by last week's strong buyer reaction
Volume profile is neutral, showing no aggressive buyer or seller dominance at the moment. A failed breakout attempt above the descending channel in the previous session keeps this structure coiled and reactive.
🔍 My Outlook:
If price retests the middle zone with strong volume + bullish reaction, it could offer a continuation toward resistance.
If price climbs into the red zone and rejects with weakness, there’s potential for a move back toward the middle zone.
A sharp drop into the lower green zone with strong buyer confirmation would create a high-reward reversal opportunity.
No trades are taken blindly. I only act when price shows clear intent at key levels. Today is a reactive environment — not one for forced setups.
📉 Analysis based on volume structure, order flow, and key S/R zones.
⚠️ This post is for educational purposes only and does not constitute financial advice. Trading futures involves risk.
CURRENTLY I SEE THE BEARS WINNING ON GOLDI use patterns to identify a trade setup. So what we have currently on gold is that we created an all time high, which was then followed by a consolidation that formed a bullish flag. My sentiment for sells comes from the fact that we just hit the third touch on the descending resisting trendline and the reaction was a massive 4H bearish candle which broke the structure. That for me is confluence enough for me to be bearish on gold. Follow me for more simplified market breakdown
GOLD (XAU/USD) : SHORT IDEAThe chart shows a classic bearish pennant formation after a strong downward move. Gold has been consolidating in a tight triangular pattern with converging trend lines, indicating decreased volatility before the next directional move. This technical pattern emerged following a significant decline from the 3,350+ highs, with price action now squeezed between narrowing support and resistance levels.
The pennant structure is textbook - we see the characteristic flag-like consolidation with declining volume and compressed price range after the initial sharp selloff. The upper boundary shows consistent rejection of higher prices, while the lower boundary has provided temporary support. This coiling action typically precedes a continuation of the prior trend, which in this case points to further downside.
From a fundamental perspective, the setup aligns with potential policy shifts that could pressure precious metals. Market expectations around tariff pauses or delays in trade war escalation would likely reduce demand for safe-haven assets like gold. When geopolitical tensions ease or trade uncertainties diminish, investors typically rotate out of defensive positions and back into risk assets. Gold, being a primary safe-haven play, tends to suffer during these periods of reduced fear and uncertainty.
The current consolidation may be reflecting this underlying shift in sentiment - from crisis-driven demand to a more stable economic outlook. If tariff implementations are indeed paused or softened, we could see accelerated outflows from precious metals as investors no longer feel the need for portfolio insurance. This fundamental backdrop supports the technical bearish bias, as both chart patterns and potential policy changes point toward continued weakness in gold prices.
The tight range also suggests that a significant move is imminent, with the technical setup favoring a break to the downside based on both the pattern structure and the evolving macro environment.
GOLD - Price can continue to fall and exit from triangle patternHi guys, this is my overview for GOLD, feel free to check it and write your feedback in comments👊
Some days ago, price entered to rising channel, where it turned around and made a correction to the support line.
Then it continued to grow and rose to the $2975 level, which continued with a support area, and continued to grow.
Later price rose to the resistance line, but then made a correction movement, thereby exiting the channel.
Next, Gold turned around and started to trade inside the triangle, where it at once made an upward impulse.
Price broke $3265 level, rose to resistance line, after which in a short time declined to this level.
But recently it has come back, so I expect that Gold can continue to fall to $3150, breaking the support level.
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