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GLD

GLD Daily — Buyers Still Have Work To DoAMEX:GLD is bouncing, but I’m not treating this as bullish control yet. This chart has one main message: Buyers are not in full control until they remove the bearish sequence. Right now, price is pressing back into the sellers’ reload zone. That matters because this is the exact area where weak bullish bounces usually get tested. A bounce into resistance is not strength by itself. It only becomes strength when price breaks the structure that is keeping the bearish idea alive. For me, the key level is simple: The bearish sequence invalidation point. Until AMEX:GLD breaks that point, the lower bearish target remains part of the map. That does not mean price must collapse. It means the chart has not earned a clean bullish reading yet. What I’m watching: If sellers defend this reload zone, the bearish target below becomes the next logical draw. If buyers break through the invalidation point, then the bearish sequence loses authority and the chart needs to be reassessed from a bullish continuation perspective. The lower buyer reload area is also important. If price reaches it, I would not treat it as random weakness. I would treat it as a major reaction zone where longer-term buyers may step back in. So the chart is not about guessing gold. It is about pressure. Sellers are defending from the reload zone. Buyers need to prove they can break the invalidation point. Until that happens, I’m not giving the bounce more credit than it deserves. Not financial advice.
AMEX:GLDShort
by SmellyTaz
Gold Update 06MAY2026price moves along the established route as it sank to preset Fibonacci retracement area slashing half of previous growth in wave A of (B) wave B of (B) looks completed, RSI shows Bullish Divergence and it already crossed above the 50 "waterline", however it can dip one more time confirmation for wave C of (B) is beyond $4,753 level where bottom of wave 1 of B of (B) is located target for wave C of (B) is at the top of possible triangle around $5,200-$5,300 where C = A of (B) and there is 76.4% Fibonacci retracement level
COMEX:GC1!Long
by aibek
2
Gold H4: Two Paths, One OutcomeGold is trading within a corrective wave 4 following a completed wave 3 in a 5-wave impulsive structure. The correction appears to be unfolding as a complex WXYXZ, with wave Z now likely in progress. The reasoning: the current X wave shows a completed double three (two clear corrective legs), which is typical for a connector wave and suggests structural maturity. This reduces the probability of further extension and supports the transition into Z, although further complexity cannot be fully ruled out. At this stage, I’m tracking two scenarios (marked on the chart): 🟣 Purple scenario : A short-term push from ~4680 into ~4800, followed by a reversal and continuation lower. Invalidation : any touch of 4811. 🟠 Orange scenario : No upside expansion — price continues lower directly from 4680–4700 toward 4300. Invalidation : a confirmed H4 close above 4713, which would shift focus to the purple scenario. Until then, I treat this area as potential consolidation before downside continuation. 📉 Context & targets: This is still a corrective phase within a larger structure. Primary target : 4300 Extended target : 3800-4100, but first, I want to see how price reacts around 4300. That reaction will define whether further downside expansion toward the extended target is likely. The key variable now is how the current leg unfolds. A weak move suggests continuation (orange), while a liquidity sweep into 4800 supports the purple path.
TVC:GOLDShort
by chart1stry
3
Gold Update 27MAR2026: Upmove within Possible Triangle price follows the path posted earlier wave A (white) of triangle looks completed within 3 smaller waves a-b-c (yellow) where wave c is slightly larger than wave a and wave c broke below the valley of wave a up next is wave B (white) in the opposite to wave A direction to the upside this wave will be confirmed above $4,601 (recent peak) triangle is confirmed only when we have 3 waves in place, we only have 1 wave done large wave 4 that we observe now still could be anything as triangle is just my perception
COMEX:GC1!Long
by aibek
GLD breaks out from compression with big tailwindGLD has clearly broken out of its compression triangle, and the breakout is structurally significant. In the current geopolitical environment (Iran narrative), gold may act as a safe-haven asset, attracting defensive capital flows. Macro Context During periods of geopolitical uncertainty: - Risk appetite contracts. - Defensive positioning increases. - Gold often benefits from capital rotation. This can amplify volatility and directional continuation. Structural Shift Several important technical elements: - Price closed well above Friday’s open. - It is trading far from Thursday’s close. - Post-market continuation confirms momentum. Additionally: - Price has left behind the 50% Fibonacci retracement (Golden Zone) of the January 28 swing low. - Previous resistance is now acting as support. That is a clear structural transition. Liquidity & Imbalances - There are multiple FVGs around 493 that could be mitigated. - Liquidity is resting near 500.79. - A bullish FVG was left around 479. That lower imbalance suggests underlying demand. Forward Outlook This week, price may: 1. Confirm Friday’s open as support and continue higher. 2. Or expand directly toward resting liquidity. As long as structure holds, bias remains bullish. Final Thought GLD may present: - A swing opportunity this week. - Or an intraday continuation setup Monday. The key is watching how price behaves at the open. Remember we focus on reaction not in prediction.
AMEX:GLDLong
by mlicero
1
Gold Update 24FEB2026: Anatomy Of First Move Down switched to 4-hour chart to show what's under the hood of possible Triangle pattern the first large wave A down (white) consists of three yellow waves ABC yellow A was sharp and it's over yellow B has three blue ABC subwaves we got blue A and B definitely completed, wave C might be over as it already surpassed the peak of blue A and is almost 61.8% of its size next, yellow C is expected to follow to the downside it might hit at least the bottom of wave A at $4,430 and dive lower to $4,100
COMEX:GC1!Short
by aibek
GOLD - Top Looks to be IN PLACE...In this update, I discuss gold and note that price action appears to have formed a peak. The reversal does not look purely impulsive; instead, it shows an extended corrective structure, which now supports a potential short setup. Based on longer-term market analysis using the Ariaswave methodology — which is quite different than Elliott Wave and avoids its subjective elements — a key resistance level sits at 5,093. I do not expect price to exceed this level; a move above it would invalidate the current setup. On the downside, a break below 4,826 would indicate that the reversal is underway and that prices are likely to continue lower. A further move below 4,404 would provide strong confirmation that wave 3 to the downside is in progress. This broader move may also be linked to an unwind of the yen carry trade. I’ll be posting a USD/JPY update shortly with more detail.
OANDA:XAUUSDShort
by AriasWave
1
XAUUSD - Gold 1-2-3 Victor Sperandeo trend reversal pattern.The 1-2-3 Victor Sperandeo bottom reversal pattern is a technical analysis strategy used to identify the precise moment a downtrend changes into an uptrend. Popularised by trader Victor Sperandeo (also known as "Trader Vic"), this pattern is rooted in Dow Theory and relies on three specific price action conditions being met in sequence. The Three Conditions (Steps) To confirm a trend reversal from a bottom, the following three criteria must occur: Trendline Break (Point 1): The price must break above the established downward trendline. Sperandeo specifies that the trendline should be drawn from the highest high of the current move down to the high immediately preceding the final low (Point 1). Test of the Low (Point 2/3): After breaking the trendline, the price rallies to a temporary high (Point 2) and then pulls back to test the previous low (Point 1). This retracement must result in a higher low (Point 3), meaning the price does not break below Point 1. Note: A brief "trial" or false breakout of the low is permissible if it is immediately followed by a strong upward recovery (often referred to as the 2B Criterion). Break of the Previous High (Confirmation): The final confirmation occurs when the price moves back up and breaks above the high established at Point 2. This confirms the pattern and signals the start of a new uptrend. Trading Execution Entry: A long (buy) position is typically opened when the price exceeds the level of Point 2. Aggressive traders may enter earlier at Point 3 if other indicators (like MACD or volume) show strong bullish divergence, though this is less confirmed. Stop Loss: The stop loss is placed just below the low of Point 3. Profit Target: Traders often estimate a target by measuring the distance between Point 2 and the midpoint of Point 1 and Point 3, then projecting that distance upward from the breakout point. Related Concepts 2B Pattern: A specialized variation of the 1-2-3 rule where the price makes a new minor low (at Point 3) but quickly reverses and closes back above the previous low (Point 1). This "failed breakout" is considered a high-probability reversal signal. Dow Theory Alignment: The pattern effectively visualizes the Dow Theory definition of an uptrend: the formation of higher highs and higher lows
FOREXCOM:XAUUSDLong
by platinum_growth
Gold Update 02FEB2026: Rally Ain't Over, Only RetracementTwo market wisdoms proved here: 1. Bearish Divergence is not a sell trigger but a harbinger to watch as it can last longer than one can survive 2. Markets cannot rise or fall forever 3. The cost to produce 1 troy ounce of gold is below $2,000 This robust impulse to the upside changed the labeling of waves The move is now marked as wave 3 and is considered complete Next, Wave 4 started last Friday, erasing gains massively This could be a zigzag with an initial sharp move down in wave A I added the Fibonacci retracement area (38.2%-61.8%) in the pink box to highlight the target area between $4,200 and $3,300 Wave 4s are tricky as they can shape anything from a zigzag to a triangle More importantly, they are time-consuming, which often leads to trader capitulation RSI performed well, showing the Bearish Divergence far ahead Usually, wave 4 hits support at the RSI 50 level and rarely collapses deeper The rally is not over as another impulse up in wave 5 is pending Stay tuned as commodities often have extended fifth waves ;-)
COMEX:GC1!
by aibek