Mihai_Iacob

🔸 Still Rangebound, But Not for Long In yesterday’s analysis, I mentioned that two scenarios are in play for Gold: 1. Bullish above 3375 2. Bearish under 3320 Throughout the session, price action leaned toward the bearish side, and I aligned with that by opening a short position. It ended with a minor loss — just 50 pips, which is negligible considering I'm looking for a potential 1,000 pip move in the bigger picture. ________________________________________ 🔍 What's Next? As the title says, Gold still needs to resolve the current range before a clear directional move unfolds. The same key levels discussed yesterday remain valid and relevant. And since it’s Friday, today’s daily and weekly candle close will be critical in shaping expectations for next week. ________________________________________ 📈 Bullish Case: Close Above 3360 • A daily/weekly close around 3360 would bring strong pressure on the 3375 resistance. • That could lead to a bullish breakout from the ascending triangle pattern. • It would also leave behind a bullish weekly pin bar (last week was a bullish pin bar too). • This scenario would bring 3450 into focus — with 3500 and even a new ATH on the table in the coming weeks. ________________________________________ 📉 Bearish Case: Close Near 3300 • A close near 3300 would signal a failed rally attempt • That would expose 3250 support short term, and 3150 medium term. ________________________________________ 🧭 Final Thoughts At the moment, I’m flat and waiting for clearer confirmation later in the day. The next move big will be defined by the weekly close — it’s as simple as that. P.S.: It’s just a hunch , but I’m still leaning toward a break under 3300 as the next major move. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.The range looks like it will be resolved to the upside. So, my gut feeling was wrong this time, at least I haven't short it:) The close of the day/ week remains the key

📉 Quick recap: As you know, I've been bullish on Gold. However, as explained in yesterday’s analysis, I started to approach this view with more caution. Unfortunately, I closed my long position at break even… before the rally to the 3375 resistance. That’s trading. 📌 What now? Despite missing that move, the market is beginning to offer more clarity. There are now two key levels that will likely define the next major swing: ________________________________________ 🔹 1. Resistance at 3375 – Top of the Range / Triangle Breakout Zone •This level marks the upper boundary of the recent range •It’s also the resistance of a developing ascending triangle •A clean breakout above 3375 would confirm the pattern and could trigger a strong upside acceleration •Target: 3450 zone, with potential for more if momentum kicks in (approx. 1000 pips higher) ➡️ This is the obvious bullish scenario – in line with the broader trend and classical technical setup. ________________________________________ 🔻 2. Support at 3320 – The Less Obvious, but Classic Gold •3320 is now a confluence support area •Technically, a break below here is less probable – but Gold has a habit of doing the unexpected •If 3320 breaks, bears could look for a first leg to 3280 (approx. 400 pips), and very probably 3250 (around 700 pips drop) ➡️ This bearish scenario is not the base case, but it must not be ignored. Sometimes the trap is in the obvious. ________________________________________ 🧭 Trading Plan: For now, I’m out of the market, patiently waiting for confirmation. I’ll trade the breakout – whichever side gives the signal first. ________________________________________ 📌 Conclusion: Gold is coiling for a larger move. The levels are clear: 3375 and 3320 are the doors. One of them will open. Until then, we wait and prepare. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.In this morning’s analysis, I outlined two potential scenarios for Gold. While the bearish scenario wasn't the base case, I mentioned that Gold has a "talent" for fooling traders, and this might just be one of those moments. ➡️ This bearish scenario is not the primary expectation, but it must not be ignored. Sometimes, the real trap lies in what seems too obvious. With price currently around 3315, we're starting to see signs that support the idea of a deeper correction. Stay cautious — and always prepared.

📉 What happened yesterday? As expected, XAUUSD made another leg down, breaking even below my buy zone (3330–3335) and hitting a low at 3320. From there, we’re now seeing a modest rebound, with gold trading around 3333 at the time of writing. 📌 Current position: I'm currently holding a long position. It hovers around break-even – fluctuating between small gains and small losses. Nothing solid yet. ❓ Key question: Was this just a deep pullback within a bullish structure… or the beginning of a deeper trend reversal? 🔍 Why bulls still have a case: •Price prints higher lows – bullish structure technically remains intact •A clean break above 3350 would show short-term strength •A confirmed break above 3375 would activate a bullish ascending triangle → targeting the 3450 zone ⚠️ But here's the concern: •Yesterday’s dip to 3330 happened during the New York session (strong volume) •The bounce from 3320 has been weak, with no follow-through •Daily candle closed near the lows, showing a long upper wick → a classic bearish signal •The confluence support now lies at 3310–3320. A red daily candle closing in this area could mean the medium-term trend is flipping 🎯 My trading plan: Although I'm still holding my buy, if bulls don’t recover 3350 quickly, I will consider closing early. The break of 3310 would shift my bias bearish. ________________________________________ 📌 Conclusion: We’re in a critical zone. The bullish structure isn’t broken yet, but yesterday’s action was not encouraging. If buyers fail to reclaim control soon, the market may be preparing for a deeper correction. Stay sharp. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.XauUsd is trading at the top of the range. break?

📌 In yesterday’s analysis, I argued that bulls likely won the battle and that a new leg up toward 3450 could be next from a swing trade perspective. I also mentioned that buying dips remains the preferred strategy. And indeed – we got that dip. 📉 Price pulled back to 3340 and bounced, but it hasn’t yet touched my key area of interest: 3330–3335. What now? My view stays the same –I still expect a move toward the 3450 zone,but I also believe a deeper dip toward support is still on the table – likely a liquidity grab before the next leg up. Trading Plan: ✅ Buying dips remains the core strategy 🚫 Invalidation only comes on a break below 3305–3310 🎯 Upside target remains well above 3400, aiming for 1000+ pips Let’s stay focused and let price come to us. 🚀 Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.Gold reversed exactly from my area of interest. Is important to see the daily close, hopefully a continuation Pin BarClosed on break even. Is lacking force

GOLD – Bulls Regain Control After Defending 3280 🟡 Last week was a dynamic one for Gold traders. The week began with signs of an upside reversal, followed by a drop to test the 3280 support. That dip held—and from there, we saw a strong push higher, ending the week right at the top of the range. 📌 Friday’s close left behind a continuation Pin Bar on the weekly chart – a strong signal in favor of the bulls. - This week started with a new local high at 3375,but we’re now seeing a pullback in the 3355 area at the time of writing. What’s next? Given last week’s price action, bulls seem to have won the battle and appear ready to challenge the 3400 level. My plan for this week: I’m looking to buy dips, and as long as nothing changes, my target is the 3450 zone. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.Gold dipped to 3340. As long as 3315 is intact the trend stays bullish

In yesterday’s analysis, I mentioned that due to Monday’s daily Pin Bar, I closed my short trade on Gold around break-even and decided to wait for more confirmation.Unfortunately, that wasn't the best decision. The price failed to break above resistance for a bullish continuation and instead dropped sharply, closing the day exactly at the 3300 figure. At the time of writing, Gold is trading even lower at 3293, after briefly rebounding from the 3285 support zone—a level I’ve highlighted in the past.Moving forward, after the failed bullish continuation and yesterday’s bearish move, it’s clear that bears are back in control. A drop toward the 3250 zone is now on the table.Conclusion: I’m looking to sell rallies, with my invalidation zone set above 3340, aiming for a good risk-to-reward setup.Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

📈 What happened yesterday on Gold (XAU/USD)?Gold had a tricky session – during the early hours it dipped just below 3300, testing support. But by the New York session, bulls stepped in strongly, pushing price back up and closing near the daily highs. The result? A strong daily Pin Bar with a long tail, signaling possible bullish reversal.________________________________________❓Is the drop over, or will the market fake out again?That's the big question now. Yesterday’s close definitely leans bullish, but we need to see confirmation.________________________________________📌 Why a continuation to the upside is possible:•Price rejected sub-3300 levels pretty strongly.•A daily Pin Bar formed, signaling buyer strength.•A break above yesterday’s high would confirm bullish intent.•3390–3400 is the next key resistance zone on the radar.________________________________________🧠 My trading plan:I closed my short near break-even – no need to fight the price action. Now I'm patiently waiting for a clean break above yesterday’s high to enter long trades, aiming for the 3390–3400 resistance area.Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

1. What happened yesterdayAs expected, Gold started to rise after finding support at 3250. The move up played out perfectly, reaching the resistance area highlighted in yesterday’s analysis — around 3320–3340.________________________________________2. The key question todayIs this just a correction in a bearish trend, or the start of reversal?________________________________________3. Why I remain bearish•On the weekly chart, structure still leans bearish•On lower time frames, the bounce looks corrective — not impulsive•No breakout above 3360 yet, which would be needed to shift the bias•A move back below 3320 would likely trigger renewed selling•If that happens, 3250 could be tested again quicklyWe need to respect the bounce — but not overreact to it.________________________________________4. Trading planMy bias remains bearish as long as price stays under 3360.However, if we get a daily close above 3360, I’ll pause and re-evaluate the short bias. The market would then be signaling a potential trend shift.________________________________________5. Final thoughts 🚀This is a key moment for gold. We’re at resistance zone but not broken above yet.Until proven otherwise, the trend remains down — and rallies into 3340 zone should be considered selling opportunities.Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

1. What happened last weekAs you know, I’ve been bearish on Gold all last week long. Even though the geopolitical situation in the Middle East escalated over the weekend, the fact that price couldn’t reclaim the 3400 resistance was a major red flag.It showed us that the bullish sentiment was fragile, and that downside pressure is just around the corner.And indeed — Gold sold off. The weekly close below the 3300 level confirmed the weakness.2. The key question nowHas Gold found a bottom at 3250, or is this just a temporary rebound before another leg down?3. Why I expect a continuation lower- The weekly close was under 3300, breaking key support- 3250 is being tested again — a level touched multiple times since the mid-April ATH- The current rebound looks corrective, not impulsive- Resistance levels at 3320 and 3340 are likely to hold as ceilings- No major catalyst yet to justify a reversal- This looks like a classic “sell the rally” setup in a weakening trend.4. Trading planThe idea is simple: sell the spikes.If price bounces into 3320–3340, I will look to short again, anticipating a renewed test of the 3250 support zone.If 3250 breaks — we could see acceleration toward 3200 or lower.5. Final thoughts 🚀No need to complicate things. Gold remains vulnerable unless it clears 3340. Until then, the trend is your friend — and that trend points down.Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.

In yesterday’s analysis, I pointed out that despite the weekend escalation in the middle-east, which triggered a gap up in Gold, the price action didn’t confirm the fear narrative. Gold failed to hold its gains – a clear sign of weakness.📌 What happened next?Throughout the day, Gold attempted multiple pushes toward 3400 – but each effort was met with strong selling pressure.Then came the ceasefire announcement… and Gold dropped hard, now trading around 3320, locking in over 500 pips of profit from my short setup.________________________________________❓ More importantly, what’s next for Gold?More important than the short-term noise is what the charts are now telling us:📉 Weekly chart? Bearish.🕯️ Daily chart? Also turned bearish after last week’s indecisive price action.________________________________________📌 Strategy remains the same:I continue to sell rallies, and I’m now watching the 3280 support zone for a possible test in the coming hours.Patience. Discipline. Let the market come to you. 🚀Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.Support zone reached