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GOLD XAUUSDGold is into bullish uptrend where everyone wishes to get boarded and super bullish for coming months. however personally I am not comfortable with this pace of the metal. I had gone wrong multiple time with this bullish up move. I will be more happy to go wrong again. Bullish up move parallel channel upper edge again may act as profit booking area. 3250 is imp level for bulls. It's too early to say if profit booking comes after that or it's going to be sideways movement which act as time correction with price staying range bound.
TVC:GOLD
by SunilDhawan
Gold touches all-time high. Overbought or poised for more upsideGold has soared to a new all-time high, marking the launch of its next bullish phase. This powerful uptrend began on September 26, 2022, and is unfolding as a five-wave Elliott Wave pattern, a technical framework traders use to predict market movements. The first wave (I) climbed to 2081.82, showing strong momentum. Then, a corrective wave (II) pulled back to 1810.58, setting the stage for more gains. The third wave (III) was the most explosive, rocketing to 3167.74, driven by global demand for the safe-haven metal. Wave IV followed, forming a zigzag pattern—a typical correction where prices dip before resuming the trend. This correction found its low at 2954.62 after a structured decline. Now, gold is advancing in wave V, the final leg of this impulse. The first sub-wave, wave (1), hit 3132.59, with smaller waves within it showing steady progress. A brief wave (2) dip ended at 3103.17, and now wave (3) is pushing prices higher. As long as the key support at 2954.6 holds, pullbacks should attract buyers, particularly in 3, 7, or 11 swings—technical levels where dips often reverse. This suggests more upside ahead for gold, appealing to both traders and investors watching this historic rally.
FX_IDC:XAUUSD
by ErinTuttle
The financial market is changing, plan for next week!Gold has been fluctuating around $10 in the US market on Friday. It did not continue to rise above and did not break through below. Judging from the closing results, gold may continue to sprint to a new high next week, but it is not ruled out that gold will first step back and accumulate strength after the opening on Monday before rushing up. In short, gold bulls are still in a very strong state! Cautious friends are still going long when they step back. This week's market has experienced ups and downs, but the weekly line is generally closed with a positive line. The historical high of gold was also broken this week. The tariff war also occurred this week. Gold has experienced too much this week, but the gold market has also guided the direction of the bulls to continue to sprint. If your current gold operation is not ideal, I hope I can help all traders avoid detours in their investment. Welcome to communicate! From the 4-hour analysis, next week we will focus on the short-term support of 3200-06 below, the important support of 3188-90 below, and the short-term suppression of 3245-50 above. In terms of operation, we will continue to keep long positions without wavering. In the middle position, we will watch more and move less, and follow orders cautiously, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the trading session, so please pay attention to it in time. Gold operation strategy: If gold falls back to 3200-3206 and does not break, you can buy long. If it falls back to 3188-3190, you can continue to buy long positions. The target is 3248-3250. If it breaks, continue to hold!
OANDA:XAUUSDLong
by HarveyAckerman
XAUUSD / GOLD / GC Bullish Scenario: Analysis on 12-Apr-2024LTP: 3237 Immediate Resistance: 3250/3273. Supports: 2534 Strong Support: 1046 As per my wave count the move is still not completed. Ideal target zone for this move is 3250-3273-3443. Extensions could be 3516-3725. From where we can see bigger correction towards 2800-2600. Alt Bearish scenario: If 3250-3300 region resists, we can see some correction towards 3021-2921-2885-2780. Reversal from these levels, we can see good up move towards 3500-3700+.
OANDA:XAUUSD
by kacraj
1
Gold Bull Run: The Market's Wild Ride and the Upcoming Big ShortGold Bull Run: The Market's Wild Ride and the Upcoming Big Short? 💰📉 Introduction: The market is experiencing an intense bull run, with gold (XAU/USD) fluctuating over 100 points daily, from 3080 to 3200. Market sentiment plays a critical role during this time, as a large amount of capital has entered the market, buying the dip across various financial assets. But the burning question remains – is this a strong recovery wave or just a bull trap before the massive BIG SHORT of the century in financial markets? 🧐 Technical Analysis: From a technical standpoint, gold is currently very unpredictable, as both the upward and downward movements have been swift and strong. We saw gold lose 200 points in a week, but it took only two days to regain and set a new all-time high (ATH). Currently, the ATH sits at 3200, and it looks like it could continue climbing today, especially with the PPI data expected to be released. 📈 Yesterday, the U.S. economic data came in negative, validating the strong rise in gold prices. This might indicate that history could repeat itself, with the upcoming CPI and PPI numbers also being lower, which would negatively impact the U.S. economy and lead to a weaker USD, causing gold to surge further. 📊💡 In the short term, consumer spending in the U.S. is decreasing, but in the long run, these economic figures are positive for the USD (DXY). This could be preparing the stage for a major BIG SHORT in the near future, possibly in June, with the first rate cut by the FED this year. 🏦 Short-Term Strategy: For now, we will prioritize a BUY strategy based on the news and the market's strong momentum. The FOMO BUY (Fear Of Missing Out) is stronger than ever. In the Asian session, we might see a minor pullback to the 317x range, followed by a rally during the European session. I will be looking for BUY entries rather than SELLing at this point. Key Support Levels: 3200 3188 3174 3157 3130 3120 Key Resistance Levels: 3265 3302 Trading Plan: BUY ZONE: Buy Zone: 3175 - 3173 SL (Stop Loss): 3168 TP (Take Profit): 3180 - 3184 - 3188 - 3192 - 3196 - 3200 - Open SELL ZONE: Sell Zone: 3301 - 3303 SL (Stop Loss): 3308 TP (Take Profit): 3296 - 3292 - 3288 - 3284 - 3280 - 3270 - Open Risk Management: Given the significant volatility and unpredictability in gold’s movement, traders should carefully consider their entries before taking a position. Be sure to stick to your TP/SL levels to protect your account and manage risks effectively. 🛡️ Conclusion: Gold’s recent bull run has created a very volatile environment, and while there’s a lot of excitement and momentum, caution is key. Stay vigilant and always prioritize risk management when trading in such volatile conditions. Let’s see how the market moves in the next few days as we wait for critical economic data. What do you think? Are we in a bull trap or just getting started? Share your analysis and thoughts below! 💬👇
OANDA:XAUUSDLong
by MMFlowTrading
Gold at 3244: Next Resistance 3255-3278-3298Tariff war at the centerstage, safe haven demand keeps bulls in absolute domination digging heels at psychological zone 3200 now and eyeing for extension towards next resistance zone 3255-3278-3298 Meanwhile, any drop below 3200 will indicate retracement towards support zone 3185-3165 which may act as local demand base until selling pressure gains momentum breaking this zone for a deeper correction 3125-3100-3060 Important: RSI on monthly time frame reads 84 urging caution ⚠️ on heights.
OANDA:XAUUSD
by SunilKumarDixitSKCharting
4
GOLD rallyGold has always held a special place in the financial world ... not just as a shiny metal, but as a symbol of stability. Since ancient times, civilizations have given gold immense value. From being used as currency to being stored in royal treasuries, gold has always been seen as a safe haven. Even today, when economies tremble and markets crash, where does the money flow? Straight into gold. It's like a universal instinct ! When fear takes over, people seek safety, and gold has consistently offered that. What fascinates me is how gold keeps breaking all time highs , again and again. Every time I feel like, “Okay, this is it. The rally’s over. Gold can’t go any higher,” it proves me wrong. Being a purely technical analyst, I rely on price action and market structure. But gold? Gold has reached levels where there’s nothing left to refer to on the left side of the chart (it’s uncharted territory now.) Still, a part of me keeps thinking: "How much higher can it go?" But each time, it just keeps soaring. The bull run has been consistent for years now, and honestly, gold has taught me to stop underestimating its strength. So here's a question to you : how long do you think gold will keep rising?
SAXO:XAUUSDLong
by sowmyasasun
Naturalgas downtrend Movement upto 3.2Symbol Naturalgas Timeframe 1 hour Analysis Breakout Below the suport line can expect a downtrend movement upto 3.2 We hope our analysis is adding value to your trading journey. Please note: Published ideas are for educational purposes only. Trade at your own risk. Also, please respect the risk - stop loss (SL) should not be more than 2% of the capital. DISCLAIMER: We are not SEBI registered. All the ideas uploaded in this channel are solely for educational purposes."
CAPITALCOM:NATURALGASShort
by TanujaK
WTI Crude Oil TradeSetup:Demand Zone Reversal & Trendline Brkout📉 Trendline Resistance 🔴🔴🔴 (Multiple rejection points along the descending trendline) 📊 Demand Zone (Support Area) 🟦 Blue Zone (59.08 - 57.90) → Potential Reversal Area ✅ Entry Point: 59.08 🟡 (Marked in yellow) – Ideal buy zone 🎯 Target Point: 63.90 🔵 (Top Resistance Level) – Profit-taking zone ⛔ Stop Loss: 57.90 🟥 (Risk Management Zone) – To prevent big losses 📈 Possible Scenario: 1️⃣ Price drops into 🟦 demand zone 2️⃣ Bounces ⬆️ off support (bullish move 🚀) 3️⃣ Hits 🎯 target (63.90) ✅ ⚠️ Alternative Scenario: If price 📉 breaks below 🟥 stop loss, downtrend may continue. This trade setup looks good with a 4:1 risk-reward ratio! 🏆
TVC:USOILLong
by Jameshead007
Gold (XAU/USD) Trade Setup –Bullish RBR Zone & High Reward Poten🔹 Key Levels: 📍 Entry Point: 3211 🔵 📍 Stop Loss: 3185.109 🔴 📍 Target Point: 3300 🟢 🔹 Market Structure: 📈 The price has formed a Rally-Base-Rally (RBR) zone 📊, which is a bullish continuation pattern 🚀. 🔄 The market surged and is now consolidating within the RBR zone 📦 before potentially resuming its uptrend 📢. 🔹 Trading Plan: ✅ Buy Entry: If price retraces into the RBR zone (around 3211), consider a buy position. 🛒📊 🔻 Stop Loss: Set below the base at 3185.109 to limit risk. ⚠️🚫 🎯 Take Profit: Aiming for 3300, a major resistance level. 🎯📈 🔹 Indicators & Confluence: 📏 DEMA (9): 3223.297 (Currently acting as resistance 🛑) 💰 Risk-Reward Ratio: Favorable setup (High Reward Potential ✅) 🔹 Potential Risks: ⚠️ If price drops below 3185, it could indicate a trend reversal 🔄⛔. 🌎 Economic News & Geopolitical Factors may impact Gold prices significantly. 📰📉 🔹 Conclusion: 📊 Bullish Opportunity 🦅📈 – If the price respects the RBR zone, it may continue upwards towards 3300! 🚀💰
OANDA:XAUUSDLong
by Jameshead007
2
Gold Technical Analysis,April 11📊The current gold market is completely driven by the tariff war, and market sentiment is extremely excited, resulting in a certain differentiation between technical and fundamental aspects. In this case, it is recommended to reduce the frequency of transactions, especially today is Friday, and be wary of the risk of profit-taking. No matter how the market adjusts, the only current trading strategy is to wait for a pullback to the support area before going long, and avoid blindly guessing the top, because guessing the top often disrupts the trading rhythm. 📊From the 4-hour chart, the upward trend of gold is very strong. The price of gold has climbed all the way, successfully breaking through last week's high and standing above 3200. Technical indicators show that the golden cross continues to rise, and there is no sign of slowing down for the time being. As the price of gold accelerates, if there is a pullback, it will be an ideal opportunity to go long. It is necessary to pay attention to the possible sideways consolidation area, and the price of gold may continue to rise after the pullback. ✅Short-term key price 🔴Resistance level: 3245-3250 (previous high extension level) 🟢Support level: 3167-3170 (short-term long-short boundary) ✅At present, the price of gold has climbed to a new platform height of 3200, and the risk index of the transaction has reached the highest level. In this case, unless there is sufficient funds (such as more than 100,000) to withstand large fluctuations, it is not recommended to operate against the trend, especially in short-term trading. For investors with less funds, it is recommended to wait patiently for a pullback to the technical support area before placing long orders to ensure that risks are effectively controlled.
OANDA:XAUUSD
by tsvubifpw098
1
USOIL Short Trade Idea – Targeting $55.05 from $61.00Entry Point: ~61.00 USD Stop Loss (SL): 64.77 USD Target (TP): 55.05 USD Risk/Reward Ratio: Favorable Risk: ~3.77 USD Reward: ~5.95 USD Approximate R/R ratio: 1:1.58 🧠 Strategy Insight Trend Context: Prior to the entry zone, price shows a strong downtrend. The price retraced upward into a resistance zone (highlighted in purple). The setup suggests a short position anticipating rejection from this zone. Indicators: Moving Averages (red & blue): Likely 50 EMA and 200 EMA showing bearish alignment (price mostly under both). Resistance Zone: The purple shaded region represents a supply zone, where price previously reversed. Entry Zone Analysis: Entry just below a recent rejection candle. It's a conservative spot to catch a move back in the direction of the dominant trend. Target Zone (55.05): Likely based on a recent support level or demand zone from earlier price action. Matches previous lows. 🔁 Possible Scenarios ✅ Bearish Scenario (Ideal Outcome): Price gets rejected from the resistance zone and continues the downtrend toward the target at 55.05. ❌ Bullish Scenario (Risk): Price breaks above 61.00 and continues toward 64.77, invalidating the short setup.
TVC:USOILShort
by EA_GOLD_MAN_COPY_TRADE
"Gold on Fire: Demand Zone Bounce with Bullish Target Ahead! "Key Zones & Levels: Demand Zone 🔵 Area: 3099.36 – 3110 This is where buyers stepped in strongly before – price bounced up from here twice! Strong support zone! Resistance / Mini Consolidation ⚠️ Around 3125 – 3135 Price is hesitating here – needs to break this box for continuation. Target Point 🎯 Level: 3168.17 Based on previous highs – this is the bullish target zone! Stop Loss ❌ Level: 3099.36 Placed just below the demand zone to limit losses if price breaks down. Trade Idea Summary: Entry Zone: ✍️ 3110–3125 Stop Loss: ❌ 3099.36 Target: 🎯 3168.17 Risk-Reward Ratio: 5:1 ⭐️ (Great setup!) What to Watch For: ✅ If price holds above demand and breaks the mini consolidation, expect bullish continuation. ❌ If price drops below the demand zone, setup is invalid – risk of further decline.
OANDA:XAUUSDLong
by Jameshead007
"XAUUSD Breakout! Bullish Momentum Targets $3,240 – What's Next 🔹 Bullish Momentum Continues Gold has shown strong bullish momentum, breaking above the key resistance zone around $3,135–$3,160. After a deep retracement earlier in the month, buyers have stepped in aggressively. 🔹 Key Zones Highlighted: Demand Zone (Green Box): $2,936–$2,980: This zone acted as a strong support, where price found significant buying interest. A bullish rally was initiated from this zone. Previous Resistance / Breaker Block (Purple Box): $3,059–$3,135: This area was a significant supply zone and resistance, but the recent breakout shows bulls are in control. Now acting as potential support on retest. Current Structure: Price is currently hovering above the previous high, with a possible minor rejection at local highs around $3,202–$3,210. A healthy pullback towards the $3,135–$3,160 area could provide a potential buy-the-dip opportunity. 🔄 What to Watch Next: Pullback to Demand Zone: If price retraces to $3,135–$3,160, watch for bullish confirmation (e.g. bullish engulfing, rejection wick, FVG fill) for long entries. Support Levels to Hold: $3,135.69 → Key support zone (flip of resistance). $3,059.69 → Previous minor structure level. Upside Targets: If momentum continues, we could see moves toward $3,220–$3,240 range. No visible major resistance on the chart in that zone, indicating room for expansion. Downside Risk: If price falls below $3,059, it could revisit the major demand around $2,960. This would be a critical level for bulls to defend.
FOREXCOM:XAUUSD
by FOREXTRADELIVEUSA
4