Elliott Wave Analysis โ Bearish Wave 5 Setup in Progress ๐ Elliott Wave Analysis โ Bearish Wave 5 Setup in Progress ๐
Watchlist: Short Opportunity at Completion of Wave 4
โธป
โ
Wave Count Overview
As illustrated in the chart, we have a clear impulsive Elliott Wave structure unfolding. Waves 1, 2, 3, and 4 have been successfully completed, as confirmed by the Awesome Oscillator (AO) displaying healthy wave divergence and convergence throughout the formation.
โข Wave 3 extended beautifully, and now Wave 4 appears to have completed its corrective phase.
โข AO shows classic convergence during this retracement, confirming weakening bullish momentum โ a hallmark sign of Wave 4 development nearing exhaustion.
โธป
๐ Key Technical Levels:
โข Wave 4 Top: Completed near the 1.618 Fibonacci extension, a textbook resistance zone for the end of a corrective wave.
โข Critical Resistance / SNR Level: 3202.465 โ This zone acts as a major resistance, aligning perfectly with prior structure and fib confluence.
โข Important Rule: Wave 4 must not overlap with Wave 1 territory. So far, this rule remains respected. A break below this would invalidate the current count.
โธป
๐ฏ Wave 5 Trade Setup โ Bearish Bias
Looking ahead, Iโm anticipating the final leg down โ Wave 5 โ to unfold from this resistance region. This presents a potential shorting opportunity for high-probability traders.
โข Wave 5 Target Zone:
๐ป 1.618 - 1.88 Fibonacci extension from Wave 3
๐ป Expect strong bearish momentum to kick in as Wave 5 progresses
๐ป AO should shift strongly red again, confirming impulse resumption
โธป
๐ก Summary & Trading Plan:
โข โ
Wave 4 looks completed based on Fibonacci confluence + AO convergence
โข ๐ฅ Resistance at 3202.465 is the key level to watch
โข ๐ Enter short once price confirms rejection and momentum shifts
โข ๐ฏ Target zone: 1.618 - 1.88 fib extension below
โข โ Risk: Setup invalidated if Wave 4 enters Wave 1โs price zone
๐ Letโs ride Wave 5 together! ๐๐ฅ
#elliottwave #tradingviewanalysis #wavecount #shortsetup #technicalanalysis #priceaction #aoindicator #wave5incoming
XAUUSDK trade ideas
GOLD POSSIBLE SELL Target reached, without the care of winning or losing, with believe of one trade doesn't define being profitable, unto next week for new opportunity, we always believe favorable week ahead, but let's not forget worst week do exist, manage your capital, to survive longer while you level up
XAU / USD 4 Hour ChartHello traders. Just a quick, late night post. I have marked the area of interest for the overnight sessions. We have news here in the US tomorrow (friday). I will post a chart in the morning. I find a lot of the time whatever happens overnight is very relavent to the Pre NY volume and the NY open's direction. Big G gets a shout out. Be well and trade the trend. Let's see how things play out.
XAUUSD Testing 78.6% Fib Supply โ Key Reversal or Breakout Zone๐ Quick Technical Overview:
XAUUSD is currently testing the 78.6% Fibonacci retracement supply zone near 3,223. If the price gets rejected here, a pullback to the demand area at 3,142 or even to the daily demand zone around 2,979 is highly possible.
However, if the price successfully breaks and holds above 3,223, bullish continuation toward 3,266 and 3,325 is the likely scenario.
๐งญ Scenarios:
โ Bearish: Rejection from 3,223 โ drop to 3,142 / 3,105 โ possible continuation to 2,979
โ Bullish: Breakout above 3,223 โ retest โ target 3,266 / 3,325
โ ๏ธ Wait for price action confirmation before taking positions. This is a key decision zone.
#XAUUSD #GoldAnalysis #SupplyDemand #Fibonacci #PriceAction #TeknikalAnalisis #TradingIndonesia
Buy opportunityGold (XAUUSD) Intraday Long Setup โ Momentum Reversal from Demand Zone
After a sharp sell-off, Gold has found support near the 3144 demand zone, which coincides with a high-volume node on the VPVR and signs of momentum shift on the SQZMOM indicator.
๐ Entry: 3,144.165
๐ฏ Target: 3,197.515
๐ Stop Loss: 3,118.736
๐ Risk/Reward Ratio: 2.13
โฑ๏ธ Estimated Duration: 12 hours
๐ Technical Confluence:
High-Volume Support: Strong buyer interest around the 3140โ3150 range (visible on VPVR).
Momentum Shift: SQZMOM histogram shows slowing bearish pressure, hinting at a short-term reversal.
Price Action: Bullish engulfing candle forming near session low with volume spike.
Target Zone: Prior resistance near 3,197 is the next supply zone.
GOLD MARKET ANALYSIS AND COMMENTARY - [May 12 - May 16]This week, the international OANDA:XAUUSD increased from 3,210 USD/oz to 3,434 USD/oz, but immediately after that, the gold price dropped sharply to 3,274 USD/oz and closed this week at 3,325 USD/oz.
The reason why the gold price was sold off at the end of the week was because the FED said it would not rush to cut interest rates, because inflation is potentially at risk of increasing due to the impact of tariffs from the Trump administration, while the US economy, especially the labor market, is also at risk of decline. This risks pushing the US economy into a state of stagflation.
In addition, after the US and UK reached a trade agreement, the US side said that there will be more trade agreements with major economies in the near future. Notably, this weekend, the US and China also entered the first round of trade negotiations under President Trump in his second term in Switzerland. This has made many investors concerned that the cooling of the trade war will reduce the role of gold as a safe haven.
Factors affecting gold prices next week:
Federal Reserve (Fed) policy: The Fed currently keeps interest rates at 4.25% - 4.5%, and the market is waiting for new economic data (such as May CPI and employment report). If inflation continues to decline or there are signs that the Fed will cut interest rates in the near future, gold prices may be strongly supported. On the contrary, if the Fed maintains a "hawkish" stance (keeping interest rates high), gold prices may be under downward pressure.
US-China trade negotiations: Optimism about the possibility of a trade agreement between the US and China (expected to be negotiated in Switzerland) is reducing the demand for safe haven gold. If there is positive news (forecast: tax reduction from 145% to 80%), gold prices may adjust down. On the contrary, if negotiations fail or tensions escalate, gold will increase sharply.
Global instability: Geopolitical risks (such as Middle East conflicts, Russia-Ukraine tensions, India-Pakistan tensions) are still the driving force supporting gold prices. If there are unexpected developments, gold demand will increase.
๐Technically, gold prices next week are likely to fluctuate within the range of 3,200 - 3,400 USD/ounce, with the base scenario being sideways or slightly increasing. If gold breaks the trendline and surpasses the resistance level of 3435, the next level is that gold can conquer the old peak or create a new high. Meanwhile, if the support level of 3200 is broken, gold prices are at risk of falling deeply below the threshold of 3,100 USD/oz. However, factors such as US economic data, Fed policy, and developments in US-China negotiations will be the key to determining the trend. Investors need to closely monitor these events and apply flexible trading strategies.
Notable technical levels are listed below.
Support: 3,300 โ 3,292 โ 3,267USD
Resistance: 3,351 โ 3,371USD
SELL XAUUSD PRICE 3402 - 3400โก๏ธ
โ โ Stop Loss 3406
BUY XAUUSD PRICE 3215 - 3217โก๏ธ
โ โ Stop Loss 3211
Markets turn their attention to US CPISafe-haven OANDA:XAUUSD fell nearly 3% on Monday (May 12) and continued to decline slightly in early trading on Tuesday (May 13), mainly due to the easing of market risk sentiment after the United States and China announced a temporary โceasefireโ in their trade war.
According to a joint statement released by the United States and China on Monday, the United States will reduce the tariffs imposed on Chinese goods in April this year from 145% to 30%, and China will reduce the tariffs imposed on American goods from 125% to 10%. The new measures will take effect in 90 days.
Gold prices fell more than 3% on Monday as risk sentiment improved after the US and China agreed to roll back tariffs for 90 days during talks over the weekend. This sent the US dollar soaring to its highest level in more than a month and global stocks rebounding strongly after the US and China reached an interim tariff deal. Meanwhile, gold sold off sharply as market sentiment began to shift back to risk assets, making the yellow metal less attractive.
China and the United States announced in Geneva, Switzerland, that they have reached an important economic and trade agreement. Both sides will also further reduce tariffs on each other's goods, with the total reduction exceeding 100%. The breakthrough marks a major turning point in the years-long tariff war between China and the United States. After implementing the measures, the two sides will establish a mechanism to continue negotiations on economic and trade relations, Xinhua News Agency reported.
Investors' attention turns to the US Consumer Price Index (CPI) report due out on Tuesday for a gauge of the Federal Reserve's policy direction. Other key US data this week include the Producer Price Index (PPI) and retail sales. Economists expect the US CPI to have risen by 2.4% year-on-year in April. Excluding volatile items, the core CPI growth rate is expected to have been unchanged at 2.8% year-on-year.
While the underlying market is under pressure from positive factors from trade to geopolitics, we (individual investors in the short term) still need to pay special attention to the erratic behavior of Do Nam Trung. A status line that brings tariff risks will push gold to increase strongly again.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, a drop below the 0.50% Fibonacci retracement level would be a bullish signal for further downside with a target of around $3,163 in the short term, which is where the 0.618% Fibonacci retracement level is located.
In terms of momentum, gold is showing bearish signals as the RSI falls below 50 and the next target is the overbought zone, with the current RSI position, gold still has a lot of room to fall.
The most important condition for gold to be able to be assessed to increase in price again is that it needs to bring the price activity above the base price of 3,300 USD, then the target could be 3,371 USD. Otherwise, with the current market position and context, the short-term downtrend is dominant.
During the day, the possibility of a decline in gold prices will be noticed by the following technical positions.
Support: 3,228 - 3,200 - 3,163 USD
Resistance: 3,245 - 3,267 - 3,292 USD
SELL XAUUSD PRICE 3283 - 3281โก๏ธ
โ โ Stop Loss 3287
โTake Profit 1 3275
โจ
โTake Profit 2 3369
BUY XAUUSD PRICE 3220 - 3222โก๏ธ
โ โ Stop Loss 3216
โTake Profit 1 3228
โจ
โTake Profit 2 3234
THE KOG REPORT - Update End of day update from us here at KOG:
Nice move early session giving us the low we wanted for an entry long into the target region. We activated higher on Excalibur which also completed and the red box indicator gave us a wonderful performance across all the pairs we took profit on today.
Now we have support at the 3320 region with resistance sitting up at 3350 which will need to break to go higher. We've giving the potential range unless the levels are broken and there is a late session move. Either way, it's been another good week on the markets in Camelot and we'll see you on Sunday for the KOG Report and our view for the week ahead.
Wishing you all a great weekend, please don't forget to hit the boost button for us!
As always, trade safe.
KOG
How to arrange after gold falls into consolidation๐News side:
1. US officials said Trump's statement was related to the Golden Dome Project, which may affect the flow of funds
2. The tension in the Middle East has intensified, and the risk aversion sentiment has increased, which is good for gold
3. Although the withdrawal of Indian and Pakistani troops has eased the regional situation, geopolitical risks still exist
4. Trump mentioned the tax bill, which affected economic expectations and affected gold investment sentiment to a certain extent.
๐Technical aspects:
At present, gold is in consolidation, and the upward trend is slightly stagnant. From the hourly chart, there are signs of downward correction after the upward test of 3320. In the short term, the upper 3320 line has a certain suppression, so gold may test the support again and then rise after stabilizing. Then the first support below is the 3292 line, followed by the 3285 line. If it falls below, it may test the two key support points of 3273 and 3265. The current trend is not clear. In the future trading, we will wait patiently for the gold price to stabilize before entering the market.
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
HelenP. I Gold will reach trend line and then start to declineHi folks today I'm prepared for you Gold analytics. Observing this chart, we can see how the price traded inside the support zone, which coincided with the support level, and then dropped below. After this price turned around and made impulse up, reached the 3135 level, broke it, and made a retest. Next, price continued to move up and later it reached the resistance level, which coincided with the resistance zone, and even broke this level and rose to the trend line. But then Gold at once rebounded and fell below the 3385 level, breaking it again, and continued to decline next. When the price fell to 3215 points, it turned around and in a short time rose to the trend line, breaking the resistance level again, after which it turned around and started to fall. Gold broke the 3385 level one more time and later made a gap and then fell to the support level. But not a long time ago, it turned around and started to grow. At the moment, price has almost reached the trend line, so I expect that XAUUSD will reach the trend line finally and then rebound and start to decline. For this case, I set my goal at 3185 points. If you like my analytics you may support me with your like/comment โค๏ธ
Disclaimer: As part of ThinkMarketsโ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Gold's short-term trend lays the foundation for an upward trendAfter breaking through 3280, gold has now risen to a high of 3320, and the expected trend and strength have all been completed. There is no need to overemphasize the trend of gold. The direction is definitely bullish, and the transaction is definitely long. The key is at what point to go long and where to go high.
Ready to Rob the Gold Market? XAU/USD Heist Plan Revealed!๐ Gold Heist Masterplan: XAU/USD Profit Raid ๐๐ฐ
Thieves and profit hunters! ๐ค Ready to raid the XAU/USD gold market? This *Thief Trading Style* fuses sharp technicals with key fundamentals for a slick long-entry plan targeting the high-stakes Red Zone. Letโs grab those gains! ๐๐ฏ
**Entry Plan ๐**
Strike when the breakout hits! Watch for a Moving Average crossover at 3380.00 to jump in for bullish profits. ๐
- Set *buy stop orders* above the MA for breakout trades.
- Prefer pullbacks? Place *buy limit orders* at recent swing low/high on 15M or 30M timeframes.
๐ *Tip*: Set a chart alert to catch the breakout candle in action! ๐จ
**Stop Loss ๐**
Guard your stash with a *Thief SL* at the recent 4H swing low/high (3200.00).
Tweak your SL based on risk tolerance, lot size, and open orders. Stay alert! ๐
**Profit Target ๐ฏ**
Aim high for 3680.00, or lock in gains early to avoid overplaying your hand. Stay disciplined! ๐ช
**Scalperโs Edge ๐**
Scalpers, stick to quick long-side trades. Big players can dive in now; smaller traders, ride the swing with a trailing SL to secure profits. ๐ฐ
**Market Pulse ๐ต**
XAU/USD is charging bullish, driven by macro trends, COT data, sentiment, quantitative signals, and intermarket flows. Keep your eyes on fast-moving fundamentals! ๐๐
**Latest Market Snapshot (UTC+1, May 21, 2025)**
- *Forex (XAU/USD)*: Hovering around 3155.00, testing key 200-day SMA support after a 2%+ sell-off.
- *COT Report (May 16, 2025)*: Non-commercial net long positions up by 5,200 contracts, reflecting strong bullish sentiment among speculators.
- *Commodities & Metals*: Gold stabilizing near monthly lows; oil prices steady, supporting commodity-linked currencies.
- *Indices & Crypto*: Risk-on sentiment in global indices aligns with bullish XAU/USD bias; crypto inflows up $785M last week.
**Trading Caution ๐ฐ**
Steer clear of new trades during major news to avoid volatility spikes.
Use trailing stops to protect open positions and lock in profits. ๐ซ
**Power Up the Heist! ๐ฅ**
Smash that Boost Button to fuel our trading crew! ๐ค With the *Thief Trading Style*, weโre snatching profits daily. Watch for the next plan! ๐ฑโ๐ค๐
Happy trading, and letโs stack that cash! ๐ธ๐
GOLD SELL SETUP The $3304:$3305 sell zone for gold could be attributed to several factors:
- *Resistance Level*: This price range might be acting as a resistance level, where gold prices face selling pressure or struggle to break through. Traders might be looking to sell at this level, anticipating a potential price drop.
- *Profit-Taking*: Investors might be selling gold at this price range to secure profits, especially after recent gains.
GOLD/USD โ 1H Technical OutlookGOLD/USD โ 1H Technical Outlook
1๏ธโฃ Market Structure
Gold has been ranging for several sessions after a sharp drop.
This sideways price action is occurring exactly around a former support zone that was broken and then reclaimed, indicating a classic fake out.
That move allowed price to sweep liquidity and tap into the Bull OTE zone, which triggered a strong reaction.
2๏ธโฃ Key Zone
Precise reaction off the Bull OTE (61.8โ78.6% retracement area)
Multiple FVGs (1H & 4H) have been filled
Clean re-entry above the former supply zone now turned support
3๏ธโฃ Behavioral Read
Price action is showing signs of a structured recovery, with higher lows building up.
This current compression phase likely means Gold is loading up for another leg up.
A potential macro catalyst could provide the ignition.
4๏ธโฃ Short-Term Expectation
๐ Potential breakout of the 3,240 $ supply zone
๐ฏ Next upside targets: 3,290 $ โ 3,325 $
GOLD The Target Is DOWN! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The price is coiling around a solid key level - 3236.0
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 3224.9
Safe Stop Loss - 3240.9
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
โโโโโโโโโโโ
WISH YOU ALL LUCK
GOLD Setup โ Trap Zones Identified & Key Level to WatchIn this breakdown, we analyze GOLD and highlight the liquidity traps currently forming.
You'll see the key level we're watching for a potential entry, based on structure and timing.
.This video includes:
.Smart money trap recognition
.Clear price zone of interest
Real time structure assessment
Stay sharp the first move is rarely the real one.
Sell Opportunity๐ป Gold (XAU/USD) Short Setup โ Rejection from High-Volume Resistance Zone
Gold is showing signs of weakness after failing to hold above the 3,210โ3,220 high-volume node. The 4H timeframe displays a clean rejection from the volume shelf with confirmation from Squeeze Momentum, offering a short trade opportunity toward the lower demand zone near 3,124.
๐ Entry: 3,210.87
๐ฏ Target: 3,123.89
๐ Stop Loss: 3,254.20
๐ Risk/Reward Ratio: 2.01
๐ Expected Duration: 4โ6 days
๐ Technical Highlights:
Volume Profile Resistance: Price rejected from a key HVN block, signaling exhaustion near institutional levels.
Bearish Price Action: Lower high structure with failed follow-through after breakout attempt.
SQZMOM Indicator: Fading green momentum suggests early bearish transition.
Clean downside path: Low-volume zones between 3,190โ3,130 can accelerate the move to target.
Analysis of the latest gold trend on May 19:
Core logic analysis
Negative factors
The strengthening of the US dollar: the cooling of the Fed's interest rate cut expectations (the market is currently pricing in a 58 basis point rate cut by the end of the year, a significant reduction from April) suppresses the attractiveness of gold.
Risk appetite rebounds: The easing of Sino-US trade tensions weakens the demand for safe-haven assets, leading to long-term profit-taking.
Technical selling pressure: The weekly big negative line (a drop of nearly 4%) forms a short-term bearish trend, and we need to be vigilant about the risk of further correction.
Potential support
Long-term downward trend in real interest rates: If the Fed starts a rate cut cycle this year, gold will still have allocation value in the medium and long term.
Key technical support: There is long defense in the 3150-3140 area (daily line division and channel lower track), and if it stabilizes, it may trigger a rebound.
Key technical points
Upper resistance:
3210-3212 (anti-pressure point on Friday, May 16, which may confirm the short-term bottom after breaking through)
3230-3250 (strong resistance area, short orders can be considered when rebounding to this point).
Support below:
3170-3150 (core support area, if it falls below, it will look down to the previous low of 3120)
3140 (lower channel track, breaking may trigger an accelerated decline).
Operation strategy for next week
1. Trading in the shock range (high probability scenario)
Bull opportunity:
If it falls back to the 3150-3170 area and stabilizes (such as the K-line closes with a long lower shadow or the hourly chart diverges), go long with a light position, stop loss below 3140, and target 3210-3230.
Confirmation signal on the right: If the price stabilizes above 3212, you can follow up with a long order, with a target of 3250.
Short opportunity:
Rebound to 3230-3250 under pressure (if a stagflation pattern appears), go short, stop loss 3260, and target 3180-3150.
2. Breakthrough and follow-up strategy
Break above 3250: may start a new round of uptrend, follow up long orders when it falls back to 3230, target 3300.
Break below 3140: beware of deep correction, short at rebound 3160, target 3120-3100.
Risk warning
News disturbance:
If the speeches of Fed officials and US economic data (such as CPI and retail sales) strengthen the expectation of interest rate cuts, it may reverse the decline of gold.
The sudden escalation of the geopolitical situation (Russia-Ukraine conflict, etc.) will boost safe-haven buying.
Position management:
The current market is volatile, it is recommended to enter the market in batches with light positions and strictly stop losses (3-5 US dollars is appropriate).
Summary
Next week, gold is likely to fluctuate and bottom out in the range of 3150-3250, focusing on the gains and losses of 3150 support and 3212 breakthrough. Investors need to respond flexibly, avoid chasing ups and downs, and wait for key positions to be confirmed before trading in line with the trend. In the medium and long term, if the Fed's policy changes, gold still has upside potential, but it needs to digest technical selling pressure in the short term.
XAU / USD 1 Hour ChartHello traders. Not sure if anyone saw my last post but this is a follow up. I didn't take the push down, which I anticipated. But I marked the current area I would look to take a potential scalp trade. The NY open is in 20 minutes, and we will see volume come in to flush out existing trades. So I am gonna wait an hour to see how the market reacts. Big G gets a shout out. It is only Monday, so I am in no rush to force a trade. Patience is key.