Gold is changing trend.Gold has been doing previous lower lows. Just hit 3210.00
Expecting change of trend.
GOLD1! trade ideas
Gold intrday Target ₹94,340.Buy at ₹93,465, CMP ₹93,800, Target ₹94,340.
Target expected to be achieved intrday
Gold's Correction May Not be Over Yet - Here's WhyHere is my 2-minute technical take on why gold could be looking at a break below 3200 as part of a deeper correction, before it even considers resuming its almighty bullish rally.
Matt Simpson, Market Analyst at City Index and Forex.com
A Gap In gold Needs to be Filled! Price opened gaping down. Now im looking for price to fill in that gap. establishing a low for the week and continue pushing up. Possibly going for new ATHs. We have to allow Monday to play out though to see what they want to do.
Gold Selling Continues While Equities Were MixedThe S&P and Nasdaq finished the session today with slight gains while the Russel decreased near 1%, with tech leading the way higher for equities. Along with that, the precious metals saw more selling pressure today with Gold, Silver, and Copper all trading lower today with Silver leading to the downside, decreasing by over 2%. Looking at a daily chart for Gold, the market has been trading out above the 50-day moving average since January of this year, and the current selling pressure has sent the Gold market back down toward this level.
Gold has been on a strong push higher since the start of the year, achieving a new all time high on multiple occasions and being up over 20% even with the recent decline in prices. The Fed environment and inflation landscape can have a large impact on the global price of Gold, and the potential changes in interest rates and inflation data could be adding to the volatility seen since the recent all time high from April 22nd. Tomorrow, there is a large slate of economic data along with remarks from Fed Chair Powell which could potentially spark catalysts for Gold prices as we wrap up the week.
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**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
We need SWEEPS on Gold for a Bigger movePatiently waiting for gold to give us impulsive activity to indicate for a much bigger move. Need it to break outside of the current value first before I'm interested in a solid direction.
news changed things. but we still bullish on GoldPrice pushed down a bit lower but it still makes since for it to take liquidity for gaps and continue with its push. We have to wait for the killzones to give us a better idea.
Retrace Complete...but we need 1 more Sweep on Gold!This pullback is what I waited for and it took all week for it to happen. Not sure if I will get the bullish move today being that it is Friday. But if they hit the level I'm looking for I will try at least once. Keeping expectations low since its the end of the week. but things are shaping out for us to have a STRONG bullish week next week.
GC - Gold digging for a possible ShortAfter reaching WL2, we saw a sharp pullback followed by an immediate double top. Price failed to reach the centerline of the yellow fork, instead stalling at the 1/4 line.
Then came the break of the lower median line (L-MLH), a pullback to the white WL1—then the drop began.
If this market can’t push to new highs, we’ll likely fall back into the median line set. A pullback to the upper median line (U-MLH), as indicated by the red arrows, is a probable scenario.
Next stop: the white centerline.
I trade tiny. I trade with extremely high risk-reward setups. I’m fine getting stopped out all the time —because I’m hunting huge moves.
I don’t chase. No FOMO.
It’s how I sleep well, make money from trading and keep my stress level very low.
Gold Futures 15-Minute Timeframe Analysis15-minute timeframe, upper range boundary at 3247.4, lower range boundary at 3220.7.
You could consider trading within this range by selling near the top and buying near the bottom (high-probability mean reversion). However, I recommend waiting for a breakout or breakdown of the range and then trading the trend on the 5-minute timeframe.
15分钟周期，区间上沿3247.4，区间下沿3220.7。可以考虑做该区间内的高抛低吸，但我建议等待突破或跌破区间后，在5分钟周期做趋势单子
Gold Futures Wyckoff Re-accumulation and Lunar Day SynergyWe’re observing a textbook Wyckoff Reaccumulation unfolding on Gold Futures (4H), with somewhat clean volume behavior and alignment with recent lunar cycle activity — pointing toward a potential Wyckoff Phase D launch.
Wyckoff Breakdown:
1. Buying Climax established the range.
2. Automatic Reaction and Secondary Test defined support and resistance.
3. A Shakeout/Spring briefly broke support, absorbed supply, and reversed.
4. Spring Test held structure (though not on noticeably lower volume).
5. A clear Jump Over the Creek followed — strong demand emerging.
6. LPS (Last Point of Support) formed during a choppy pullback on Lunar Days 12–13, staying above demand and within structure.
We’re now in a pivotal moment — price is poised for continuation if buyers defend the LPS zone.
🌙 Lunar Days 12–13 (May 7–10)
-Typically a time of building energy + internal tension.
-Retests of breakout zones.
-Erratic, tricky pullbacks that challenge emotional conviction.
-The illusion of market weakness despite underlying strength.
📌 Gold pulled back during these days, testing the jump zone with indecision — but structure held. The LPS formed under cosmic pressure, showing resilience.
🌕 Lunar Day 15 – Full Moon (May 11–12)
-The culmination point — emotionally and energetically.
-Expect large candles, climax volume, or even fakeouts.
-Common reversal signals: parabolic spikes, gap reverals, wicks.
-Ends a trend — or confirms a Wyckoff phase transition.
📌 In our context, the Full Moon lines up with price stabilizing above LPS. Supply appears to be drying up. We could now be entering Phase E, or an aggressive Phase D continuation with a possible markup leg.
🌓 Lunar Day 16 – Integration & Clarity (May 12–13)
A time for reflection, balance, and trend confirmation.
If Day 15 broke upward on strong volume, today might:
-Consolidate healthily
-Retest support (LPS)
-Hold gains for next leg up
If no follow-through on Day 15:
-Expect a calmer retest — offering a second chance for buyers to step in without emotional overreaction.
💡 Key Levels to Watch:
LPS support zone — needs to hold for bullish continuation.
Volume confirmation — essential for validating Phase D → E transition.
Reaction to Full Moon volatility — will reveal true intent.
Gold- at the CUSP of making history!!Chart Analysis:
Instrument: Gold Futures (1-hour timeframe)
Key Patterns Identified:
Flag & Pole Pattern: A sharp upward move (pole) followed by a consolidation (flag) indicating potential continuation.
Rounding Bottom: A gradual rounding formation indicating accumulation and potential upward movement.
Sloping Trendline Resistance: Marked as a diagonal dashed line indicating an area where price might face resistance.
Key Levels:
97,579: A horizontal resistance level that is crucial for breaking upward.
99,999: A major resistance level, with a note that closing above it could push prices to 106,000.
Gap Zone: Indicated with a query if it will be filled, implying a possible pullback before a further move.
RSI (Relative Strength Index):
Current RSI is around 53, indicating a neutral momentum.
The RSI-based moving average is around 47.43, suggesting that the price might still consolidate before a directional move.
Summary:
The chart suggests a potential bullish continuation if Gold Futures close above the 99,999 mark.
The presence of a rounding bottom supports a bullish bias, but the gap highlighted raises caution about a potential retracement.
Traders might watch for a breakout above the sloping trendline or a gap fill before positioning.
Bearish Price Action for GoldThe risk on trade is putting further downward pressure on gold. Combine that with the bearish technical setup( multiple divergences, triangle pattern break, Trendline pattern break, bearish evening star candlestick pattern) and the charts suggest this move has room to extend to the downside. Conservative pattern targets suggest the PML(previous monthly low) is in play which is 2970. That seems reasonable as it is a conservative target. As I write this gold is testing 3240 which is a PWL(previous weekly low) and it is acting as support. Gold is below its monthly pivot of 3266 so the bears and bulls will probably fight this one out for a day or two and then the picture will get clearer if this move wants to extend or it is simply a correction in a longer term uptrend.
Gold had Swept Lows and Filled Bullish Gaps! Reversal next?This is price action that I was patiently waiting for. Now that we have that sweep lows Im looking for signs price want to turn around. It can remain bearish for now. But Im expecting to see something clear by the time we get inside of the killzone.
Gold- 50 day ema in playAs my bearish gold call materializes, I must be aware of the 50 day ema. For all the reasons previously stated, gold is moving lower and it makes sense based on the patterns, divergences, support broken, etc. However, the 50 day ema support level can easily wipeout bearish sentiment if it holds. The 50 day ema is far more powerful than the multiple reasons to short gold. It is such a widely followed indicator and it lets new buyers come into the market to halt the price decline and further more, there will be a cohort of traders that close (buy) their short positions at the 50 day ema. So it almost becomes a self fulfilling prophecy.
Agree to disagree... Gold is topping right now.My price path seen above is a complete guess but it stems from long term trend lines and more importantly order flow from last week.
On Thursday there was a #1 trade on AMEX:PHYS for $200+ Million at the green levels in my chart above (Equivalent levels). PRICE WILL 100% go to my green lines by end of this week 04/25.
We are over shooting the dark pool sale but a lot, however, this is always to trap retail and create fomo/peak fear.
In the correction/recession cycles, gold ALWAYS TOPS LAST before the crash...
Trade Plan – MGC (Micro Gold Futures) | Sunday, May 4Trend Bias (Multi-Timeframe Analysis):
• 1W: Bullish – Strong macro uptrend with pullback off all-time highs.
• 1D: Bearish – Lower highs and lower lows forming after topping out at $3,509.
• 4H: Bearish – Clean downtrend continuation forming.
• 1H: Bearish – Price rejected lower highs, now curling down again.
• 15M: Bullish – Short-term bounce from $3,210 low, but corrective in nature.
Trade Setup:
• Direction: Short
• Entry Zone: $3,250 – $3,260
• Price has retraced to a lower-high zone under supply; aligns with hourly resistance.
• Stop Loss: $3,270
• Just above 1H structure and 15M failed high.
• Take Profit: $3,210
• Prior swing low and liquidity zone.
Gold's OUTPERFORMANCE over silver is unrelenting!Gold's OUTPERFORMANCE over silver is unrelenting!
This ratio has a higher chance of unwinding AFTER the stock markets enter a bear market and bottom.
Could take a while.
