GOLD: IntradayHello Traders, gold is bearish according our mid term channel and yesterday pivots worked well. if just like me you have lost the entry of 2360.00 now you can enter in reverse. TPs are clear in chart and an alternative bullish channel could be implemented. Best regards,Shortby AliSignalsUpdated 2
Comprehensive Gold Analysis from Various Perspectives 🌟Political Perspective 🌍 Given the current unrest and ongoing conflicts, along with potential future wars, our outlook on gold remains bullish 📈. Geopolitical tensions often drive investors to seek safe-haven assets like gold, increasing its demand and price. Macroeconomic Perspective 📊 As major economies approach the end of their contraction cycles, interest rates are expected to decrease soon. This scenario typically bodes well for gold, suggesting a bullish outlook 📈. Lower interest rates often lead to a weaker dollar, making gold more attractive to investors. Technical Perspective 📈 Analyzing gold technically, we observe an upward trend across monthly, weekly, and daily time frames. Currently, gold is at the upper limit of its channel and has reached a historic high of $2450. It's now in a correction phase. Corrections after significant uptrends are natural and do not indicate a change in the overall bullish trend. Instead, they are necessary for the chart's healthy progression. On the daily and 4-hour time frames, gold is trading within a range with a ceiling at $2450 and a floor at $2280. The floor of this trading range is a strong support level and is unlikely to be breached easily. This makes it a good point for gold to potentially resume its upward movement. If the floor breaks, the next target could be around $2150. Conversely, if the ceiling breaks, the next target could be around $2600. However, this is just the initial target, and gold could see much higher levels in the long term. Elliott Wave Perspective 📉 From an Elliott Wave perspective, gold might undergo a three-wave correction before continuing its upward movement. 📌 Key Levels to Watch Resistance Levels: $2450, $2600 Support Levels: $2280, $2150 🟢What do you think about the current gold trend? Share your thoughts in the comments! Don't forget to like and follow for more updates. 🚀 #GoldAnalysis #XAUUSD #TradingView #Tradecitypro #TCP #Gold #Forex #ElliottWave #TechnicalAnalysis #MarketUpdateLongby tradecitypro5564
Intraday Opportunity in SilverThis is a very short-term idea for a long trade in silver: double bottom in the OBV in an overriding uptrend. The “ Bald Candle” at the previous high is a good price target.Longby Ochlokrat0
Silver lower high, $30 still keyIntraday Update: Although silver rallied sharply from the $30 level last week as expected, the move back to the 161% Fibonacci extension may carve out a slightly lower high, which may allow for a re-test of $30 in the days ahead. by ForexAnalytixPipczar0
the volume based levels for buy and sell positions you can take low risk positions at this levels , that's because of the volume of the price at this areasShortby mohamadqamarsoorat2
GOLD is changing the trading plane. The path to 2300GOLD is changing the trading plane and is currently weaker than the market. The price within the correction confirms the previously broken support (now resistance) And bumps into the strong zone of 2359. The price is heading to 2332 on the background of the dollar growth. The fall may continue after the news, which may also indicate support for the dollar. The potential medium-term target is 2305.Shortby Gold-Tech116
USOIL: Multi-Timeframe Analysis | Strong Setup FormingI've been exploring through different markets over the past few days, and one thing that really caught my attention was TVC:USOIL So, I decided to share my thought process of how I analyze any market from a top-down perspective while using all timeframes to create a bias. Top-down analysis is always the key element of how I approach any market. This way of viewing the market has really helped me to remove subjectivity when analyzing a pair. Instead of relying on my personal view, I can confidently rely on what the market is showing me regarding trend and zones. Adopting a mechanical perspective has genuinely helped to remove doubt and fear in my overall trading. Now let's get into the top-down process: 12M: 6M: 3M: 1M: 2W: 1W: 1D: Feel free to suggest which market you'd like me to cover next!Longby FractalystUpdated 9
HelenP. I Gold can decline to support level and try to break itHi folks today I'm prepared for you Gold analytics. Some days ago price declined to the support level, which coincided with the support zone, and at once rebounded and started to move up to the resistance level. In a short time later, when XAU reached the 2400 level, which coincided with the resistance zone, it broke this level and rose to the trend line. But then Gold turned around and started to decline inside a triangle pattern, where it soon fell to the resistance level and broke it one more time. Then Gold continued to decline and in a short time later price fell to the support zone, where it some time traded and soon rebounded up from this area, making a fake breakout of the 2335 support level. After this movement, Gold made retest and started to grow to a trend line, which is the resistance line of the triangle also. For my mind, XAUUSD will rise almost to the trend line and then decline to the support level. After this, Gold can break this level, exiting from triangle, and continue to fall, so, that's why I set my goal at 2310 points. If you like my analytics you may support me with your like/comment ❤️Shortby FirstNameHelen4414
Daily live trade with XAUUSD in 15m/30m/1h 20240529Daily live trade with XAUUSD in 15m/30m/1h 20240529Shortby tradermongolia4
GOLD IS BEARISH !!!!www.tradingview.com GOLD maintains a bearish stance. The price appears to be exiting the corrective phase that ensued following an unconfirmed breach of support. The market seems poised for a further decline. On the 1-hour chart, XAUUSD has broken below the trendline and is positioned beneath the 50 and 100 Moving Averages. The Momentum oscillator has crossed below the 100 level from above, providing an additional bearish signal for Gold. Initiate a sell position on XAUUSD if it breaches below $2340; 🎯 Target $2328.Shortby Goldxking3
Gold - Bearish Strong Bearish divergence on 1 Day TF Can retest the internal resistance areas until it touches Fib 0.5 level If retest passes, you can make a short entry Shortby Mibbro1
Crude Oil continue with the Uptrend On Crude Oil, it's nice to see a strong buying reaction at the price of 79.85 . There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Strong uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Daleby Trader_Dale3
GOLD (Sensitive bullish Volume )Technical Analysis of Gold The price dropped from its resistance line around 2361 and has already reached the support line at 2344. Now, the price is likely to attempt to reach 2354 and 2361, given the bullish volume stability in the current 4-hour candle. However, if a 4-hour or 1-hour candle closes below 2344, the price is expected to drop to 2327. Stability above 2344 will support a rise towards 2354 and 2361. Pivot Price: 2344 Resistance Levels: 2354, 2369, 2388 Support Levels:** 2327, 2318, 2304 Today's anticipated trading range is between the support level at 2327 and the resistance level at 2369. Longby SroshMayi13
XAUUD on a daily forecast This is what we are expecting from XAUUSD, I will keep you posted with H4 & H1 Chart, for we are looking for buys until it reaches our support zone.by JordiFX_1
let's see today's gold?!let's go back a bit to a maximum of 2361 and then continue the way down :) we mustn't forget the main trend is down :) let's go have a nice dayLongby AmigocsekUpdated 0
Confluence cityWe can take a long position using appropriate risk management once the SSL has been taken. We are in a long term OTE as well. We are also in a monthly bullish order block. With SSL lows taken it will put us in a daily order block as well. I would not take a long position without confirmations on LTF to mitigate excessive risk.Longby smdcosta0
Short XAUUSD 15M SELL STOPi think let see it happen, because trending is down so it will down againShortby theunlive1
XAUUSDHello friends, I see a big head and shoulders pattern on gold, I think we should move down, even a downwards widening triangle is broken. I think that the ranges of 2315 and 2320 should be touchedShortby farzad_abdollahzade2
XAUUSDHello friends, I see a continuing pattern on gold, I think we should go down another path 2318 I think it should be touched Now gold is 2345Shortby farzad_abdollahzade4
The stage is set for bears Trade what you see not what you think May 10, Comment: Gold- Plan B Pattern: Bear Flag Target (Short-term) = $ 2280Shortby BTC-XLMUpdated 558
GOLD: Three day cycle, market out of balanceHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance ✅ Three day cycle Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside Backside 4. THESIS: Long: primary, 3 session setup Asia, London dump and NY pump back into the HOD/current HOW, not the best template for the day, but I shared it because is still part of my process, no signals Short: N/A at the moment Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Longby GianniPichicheroUpdated 445
Bears are loose on Gold, might see $2338 still todayStarted off quite well on on $2360 this morning opening, should close today still at $2338. Nice shorting positions.Shortby wniebuhr0
Long positionBuy mkt with sugar No 11. Entry Price 18.35 - 18.63. SL: 17.89 TP : 20.23 R:R ~ 1:2Longby UK_LEEUpdated 0