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
Long positionBuy MKT at price 467 or buy at EMA100 on D1 - 450. SL 420 TP 540Longby UK_LEEUpdated 112
XAUUSDPair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure Fibonacci Level - 50.00% Demand Zone Impulse Correctionby ForexDetective5
POSSIBLE GOLD MOVEMENTSThe instrument is trading in an interesting area of battle between bears and bulls. At this moment, it is unclear where the instrument is headed in my view. I have detailed a view including a triangle and key areas. If the price breaks any of these areas I will look for positions. Please do your own analysis before placing any trades. Cheers and happy trading !!!!by FX_Wize111
XAUUSD, You Can Do ItDisclamer On Please always proper good risk management when trading to minimize the riskby dickydsaputro2
Gold vs Inflation#Gold (versus #inflation) is slowing down at this possible 13 year breakout line (needs three reactions to properly morph into existence). I'd say the lower risk entry, higher reward entry is right above that. See rocket ship.by Badcharts3
GOLD/ XAUUSDwait for breakout , or wait for retest on the resistance then push to the downside.by sqinseko0
XAGUSDPair : XAGUSD ( Silver / U.S Dollar ) Description : Double Top as an Corrective Pattern in Short Time Frame Resistance Level Break of Structure RSI - Divergence Completed " 12345 " Impulsive Wavesby ForexDetective4
Gold Bearish Continuation Gold has been in a downtrend and will most likely continue in the downward journey as it is forming a Bearish Flay continuation pattern with a large bearish divergence. Shortby Trader-Hash0
GOLD PRICE MAY FALL!!! DESPERATION SETS IN!! Price may fall! Trend is bearish. Price currently trade at $2345 level. Price may fall further as selling pressure sets in. A sell opportunity is envisaged at 2351.66 level.Shortby Cartela1
XAUUSD @ SELLING; H&S Pattern Formed At The Top (Read Captions).Overview OANDA:XAUUSD Gold (XAU/USD) is experiencing significant movements, influenced by technical patterns and broader market conditions. The market recently formed a head and shoulders chart pattern, a common technical indicator suggesting a potential trend reversal. This pattern, coupled with other indicators, points to a bearish outlook in the near term. Technical Analysis Head and Shoulders Pattern: The head and shoulders pattern near the neckline indicates a potential bearish reversal. This pattern, typically forming at the top of an uptrend, signals that the asset could experience a downward movement once it breaks below the neckline. Neckline Breakdown: The breakdown of the neckline confirms a significant bearish trend. This is further supported by increased selling volume, indicating strong selling pressure in the market. Target Level at 2220: Upon confirming the head and shoulders pattern, the big target level is set at 2220. This is a critical level that traders will be watching closely as it represents a significant support zone. Trendline Breakdown and Retracement: The upward trendline has already broken down, and a retracement to the 2360 level has occurred. This breakdown suggests that the previous bullish momentum has ended, and the market is now shifting towards a bearish trend. Moving Averages: The 200-day Exponential Moving Average (EMA) has been broken, which is another bearish signal. The breakdown of this long-term moving average indicates a shift in market sentiment from bullish to bearish. Market Sentiment and Volume Increased selling volume is a strong indicator that the market is experiencing significant bearish pressure. Traders should keep holding their positions as the volume supports the continuation of the downtrend. Price Targets and Support Levels Immediate Target: 2220 Support Levels: Watch for further support around 2200 and 2180 if the selling pressure continues. Strategic Recommendations Hold Short Positions: Given the technical indicators and the current market sentiment, it is advisable to hold short positions. The confirmation of the head and shoulders pattern and the breakdown of key support levels suggest further downside potential. Monitor Key Levels: Keep an eye on the 2220 target level and other support zones. These levels will provide critical insights into potential market reversals or further bearish trends. Volume Analysis: Continue to monitor trading volumes. Increased selling volume can further confirm the strength of the downtrend, while a decrease might suggest a potential bottoming out. Risk Management: Implement strict risk management strategies. The gold market can be highly volatile, and it is crucial to set stop-loss levels to protect against sudden market reversals. Conclusion The XAU/USD market is currently exhibiting bearish signals, with technical patterns and key indicators pointing towards a continued downtrend. Traders should maintain short positions, monitor key levels, and adhere to risk management practices to navigate this volatile market. The target level at 2220 will be a critical zone to watch in the coming weeks.Shortby AlphaForex563
Gold Trendline and Channel Breakout ! Ready For BullHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20005
Brilliant Basics - Part 2: Reversal ZonesWelcome to the second part of our educational series, Brilliant Basics. In this series, we'll explore how mastering the fundamentals lays the groundwork for achieving high-level performance in trading. Today, we focus on reversal zones, specifically the art of drawing support and resistance consistently across multiple timeframes. Understanding Reversal Zones Reversal zones are key areas on a chart where the price has the potential to reverse its direction. These zones are defined by support and resistance levels: • Support is a price level where a downward momentum can be expected to pause due to a concentration of demand. • Resistance is a price level where upwards momentum can be expected to pause due to a concentration of supply. Drawing Support and Resistance Correctly Drawing support and resistance levels correctly is crucial for accurate and consistent analysis. Here’s how you can ensure consistency and reliability in your charts: 1. Identify Significant Swing Points: • Resistance: Look for significant swing highs. A resistance level can be created by a single prominent swing high or multiple swing highs. • Support: Similarly, support is identified by locating significant swing lows. It can be formed by a single notable swing low or multiple swing lows. Past performance is not a reliable indicator of future results 2. Define Support and Resistance Zones: To create a more accurate representation, define support and resistance as zones rather than precise lines. • Resistance Zone: This should be defined by the highest close and the highest high. • Support Zone: This should be defined by the lowest close and the lowest low. Past performance is not a reliable indicator of future results 3. Use Coloured Boxes: A handy tip is to use coloured boxes to highlight these zones. Different colours can be used for different timeframes, such as: Weekly: Use one colour (e.g., red). Daily: Use a different colour (e.g., blue). Hourly: Use another colour (e.g., green). This visual differentiation helps in quickly identifying which timeframe a particular support or resistance zone belongs to. Past performance is not a reliable indicator of future results 4. Consistency is Key: Consistency in how you draw support and resistance levels across different charts and timeframes is vital. This ensures that your analysis remains objective and reliable. Practical Examples Let’s look at an example of how we can use our rule set for drawing reversal zones consistently as price action evolves. For simplicity, we are going to stick to the daily timeframe: Resistance Example: Phase 1. Draw the Zone: Locate significant swing highs on your chart. Mark the highest close and the highest high to form the resistance zone. Past performance is not a reliable indicator of future results Phase 2. Monitor the Market’s Response: In this example, gold pushes deep into the resistance zone and breaks above resistance before closing back below resistance. This ‘fakeout’ response is potentially sufficient to initiate a short position depending on your strategy and trade plan. We have also added the new support zone onto the price chart – creating a target for shorts. Past performance is not a reliable indicator of future results Phase 3. Redraw the Resistance Zone as Price Action Evolves: As price moves away from the original resistance zone, we can now redraw the resistance zone based on the highest high to highest close rule set. Past performance is not a reliable indicator of future results Support Example: Phase 1. Draw the Zone: Locate significant swing lows on your chart. Mark the lowest close and the lowest low to form the support zone. In this example, there is a small support zone (zone 1) and a larger, more significant support zone (zone 2). Past performance is not a reliable indicator of future results Phase 2. Monitor the Market’s Response: We can see that EUR/GBP breaks through support zone 1, but then forms a bullish engulfing pattern at support zone 2. A reversal pattern of this quality is potentially enough to initiate a long position depending on your strategy and trade plan. Past performance is not a reliable indicator of future results Phase 3. Redraw the Support Zone as Price Action Evolves: As price moves away from the original support zone, we can now redraw the support zone based on the lowest low to lowest close rule set. Past performance is not a reliable indicator of future results Summary Understanding and accurately drawing support and resistance zones is fundamental for effective trading. These zones help identify potential reversal points, providing valuable insights into market behaviour. By maintaining consistency as price action evolves and using clear visual aids like coloured boxes, traders can enhance their analysis. As we continue our Brilliant Basics series, stay tuned for Part 3, where we will delve into the concept of moving averages and their role in trend analysis. Understanding this fundamental concept will further enhance your ability to identify and follow market trends. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Educationby Capitalcom226
1D GOLD LONG IDEA I'd like to share an additional analysis of gold on the daily timeframe. Overall, gold is trending bullish, with targets being the daily imbalance, the New York session high, and, most importantly, the previous week's high. This high was formed due to a liquidity grab for buying, as seen on the daily timeframe, as well as the previous month's high, as observed on the monthly timeframe. This analysis serves as a supplement to my previous ideas, where I highlighted entry and exit points on smaller timeframes to maximize profit. Always remember, the market does not exist to help you make money; rather, you are liquidity for the market. Therefore, it's crucial to always follow proper money management practices. Don't risk your portfolio—open trades with only 3-5% of your deposit and stay calm. The market is not for emotional individuals.Longby T12r12a12d12e12r2
US Copper Futures Soar to Record HighsUS Copper Futures Soar to Record Highs • Copper futures hit a new all-time high • Renewable energy, electric cars, and AI bolster copper’s demand outlook • The outlook for copper looks promising Copper futures hit a new all-time high Copper soared to a new record high, continuing a months-long rally fueled by financial investors who have entered the market expecting supply shortages. Copper prices have been soaring since the beginning of this year, rising by 29% year-to-date. Copper futures at COMEX traded at $5 per pound as of 15 May, marking the highest level since March 2022, when the base metal's price reached an all-time high. The global copper market is experiencing significant turmoil due to a substantial squeeze in the New York market, where prices hit an all-time high last week. The short squeeze caused prices on the Comex exchange to reach an unprecedented premium over the LME, prompting a scramble to redirect metal supplies to the US. Renewable energy, electric cars, and AI bolster copper’s demand outlook Copper prices have surged recently due to increasing optimism regarding lower interest rates and stimulus measures from top importer China. Additionally, expectations of tighter supplies, resulting from production cuts in China and stricter sanctions on Russian metal exports, have driven buying interest in copper. This surge in copper prices is primarily driven by its crucial role in growing industries, including electronic vehicles and AI chip manufacturing. This growing demand is particularly pronounced in China, whose economy is still regaining momentum in these key industries. Demand is outpacing new supply for now, furthering the rapid rise in futures prices. The Chinese market is expected to see inventories withdrawal soon with exports rising," Gong Ming, an analyst with Jinrui Futures Co, said to Bloomberg. Outlook for copper looks promising According to S&P Global: "Copper prices are anticipated to ascend in the long term as a result of the clean energy transition, notwithstanding prevailing short-term apprehensions." The organization forecasts that copper demand will double, reaching 50 million metric tons by 2035. The most significant demands are expected to emanate from the US, China, Europe, and India. According to Statista, total copper mine production amounted to approximately 22 million metric tons in 2023, up from 16 million metric tons in 2010. Projected growth suggests that worldwide production will reach 30 million metric tons by 2036, assuming production continues at the same pace. However, this projected increase falls significantly short of the anticipated surge in demand. Meanwhile, the copper mining industry is set for a slowdown in the upcoming year. A report by Goldman Sachs indicated that investment in mining companies in 2022 was nearly 50% lower than the expenditure in 2010. Disruptions in copper mines, often occurring in Latin America, could result in a widening deficit in copper supply from 2024 onwards. by CFI1
GOLD - one n only region, holding or not??#GOLD... Market at his one of the most important area that is 2363 64 Keep close that area , that is your key level in tomorrow. If market hold it then again drop expected from here. Otherwise not... Keep in mind that above 2363 64 is CUTT n reverse area on confirmation. Good luck Trade wisely by AdilHussain731333Updated 101011
Gold is maintaining prices around the resistance level of 2,400A look at traders' recent bets shows growing skepticism that the Fed will lower interest rates multiple times in 2024. According to the CME FedWatch Tool, investors predict a 63% chance of a Fed cut. reduce interest rates next November. Gold is traditionally seen as a hedge against inflation, but higher interest rates increase the opportunity cost of holding gold, which is a non-yielding asset. The ambiguity in the FED's monetary policy can make it difficult for gold to "take off" and future developments depend heavily on data. However, the expert continues to maintain optimism about gold. This morning, the USD-Index increased slightly to 104.72 points; 10-year US Treasury bond yield decreased slightly to 4.566%; US stocks fluctuated mixedShortby NicoTradingMasterUpdated 5
The Asian trading session pushed XAU prices higherIn the short term, spot gold still tends to be more positive than negative. The price level of 2,310 USD/ounce is an important short-term support level this week." The core personal consumption expenditures price index (PCE), the Fed's preferred inflation measure, is expected to be released later this week (May 31). Minutes of the Fed's latest meeting, released last week, show that the Fed will maintain benchmark interest rates at current levels but also discussed the possibility of raising interest rates in the near future. A look at traders' recent bets shows growing skepticism that the Fed will lower interest rates multiple times in 2024. In the short term, spot gold still tends to be more positive than negative. The price level of 2,310 USD/ounce is an important short-term support level this week." The DXY index performed less positively and at the same time the yield also decreasedby NicoTradingMasterUpdated 1
🔥GOLD CONTINUES TO BE BEARISH TODAY✅ Yesterday, spot gold showed a trend of low-probing and rebounding. The daily structure closed with a small positive line, which temporarily failed to change the short-term bearish trend. At present, the 5-day moving average has moved down to around 2349. Although the Bollinger Bands are intended to shrink as a whole, the middle track extends upward to around 2351. Other periodic indicators still maintain a short-term arrangement, which is theoretically conducive to short-term pull-ups by bulls. However, it should be noted that the current MACD indicator is still dead cross, the green column kinetic energy continues to increase, and the KDJ indicator dead cross intends to go down, which may give the bears sufficient downward momentum. Therefore, while being overall bearish on the daily line, it is also necessary to beware of another downward trend after the bulls rebound and correct. On the 4-hour chart, after yesterday's rebound, the current price has returned to run below the moving average, the moving average is still under pressure, and the Bollinger Bands are closing. Yesterday, the 5-day moving average also provided a certain rebound support for gold, but today it has become an upper pressure. Therefore, it is foreseen that the rebound strength of gold today will not be too strong, but it is still necessary to pay attention to the pressure near 2358. The current MACD indicator is golden cross, the red column kinetic energy begins to shrink, and the KDJ indicator is dead cross. At present, gold is in a volatile downward trend in the short term. On the hourly line, gold continues to show top signals, with continuous large negative lines going down. When rebounding, it is mostly small positive lines, but the large negative line directly covers the downward trend. This is a typical top signal, and the K line exerts force from above the moving average, breaking through the moving average in one step, and directly returning to yesterday's origin, continuing to be bearish to around 2325. Overall, today's short-term operation of gold is mainly short-selling after rebound, supplemented by long-selling after correction. The short-term focus on the upper side is the 2356-2358 resistance range, and the short-term focus on the lower side is the 2330-2326 support range.by MasterGoldTraderUpdated 47
XAU/USD 20 May 2024 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS, expectation is for price to pullback. As previously mentioned, price was showing very early signs of pullback, however, we did not have indication or confirmation. I also previously mentioned that first indication, but not confirmation, would be for price to print a bearish CHoCH. The CHoCH line is denoted with a blue dotted line. Price has printed a bearish CHoCH which indicates, but not confirms pullback initiation. Price is now in discount of 50% EQ and close to a H4 demand zone where price we expect to see a reaction. However, price has pulled back deeper mitigating the whole H4 demand zone and beyond. This could indicate that price was seeking liquidity to the extreme of the H4 demand zone. As previously mentioned, if price cannot sustain its bullish momentum, it may seek to mitigate the H4 demand zone below. Price is failing to break above discount of 50% EQ which could indicate the bulls are losing control momentarily or seeking further liquidity. I have therefore started to map internal structure to gain a better understanding of price action. The blue dotted line will indicate an internal bearish CHoCH as price may pull back deeper to the extreme oh the H4 swing low structure which is marked with a blue solid vertical line. Intraday expectation: Scenario one: Price to continue bullish to target weak internal high Scenario two: Price to continue bearish and react at H4 POI below to then target weak internal high which is denoted with a blue solid line. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. Price has printed a further bullish iBOS. Price has indicated, but not confirmed pullback initiation by printing a bearish CHoCH. Price has fully mitigated a well-positioned M15 POI. Intraday expectation: Price to react at M15 POI to target weak internal high which is denoted with a blue dashed line. The internal low, which is also marked with a blue dashed line to the bottom of the chart is expected to hold. M15 Chart: by Khan_YIK334