Wick-Sniper

😥 The past week was complicated, and I don't want to bore you with all the political goings-on, which I hope you're already aware of. I'm a bit short on time right now, but I still wanted to share this perspective with you all.💁‍♂️ It is Shoulder on Shoulder H&S everywhere!💡 My concept of a plan:🧗 Let's climb the Pinky way down3289 - Actual Price3271 - 🏁 S13232 - 🚪 Pink Neckline entry3245 - 🤞 S2 & Head of White reverse H&S3204 - 👀 Pink Start from Left Shoulder3184 - 🎯 TP 1 - Fibo 1.2723163 - 🎯 TP 2 - Fibo 1.414 or 31663134 - 🎯 TP 3 - Fibo 1.618 or 31543120 - 👀 Head of Yellow reverse H&S3079 - 🎯 TP 4 - Fibo 2🗣️ Important: FED Chair Powell speaking June 02 Mon at 1 PM EDTWhat are your toughts about this? Please write it in the comments.-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊

👁️‍🗨️ The strong uptrend yesterday, followed by the downtrend during the Asian session, has built a possible inverse head and shoulders pattern (30 min chart) 🤷🏼‍♂️.⏫ If an uptrend follows today, the pattern will be complete.The right shoulder began around $3287, which isn't far from the current price.👀 Keep an eye on this, as it could drop lower while still keeping the structure intact.⚡ What's very interesting is that the downward trendline (strong resistance) crosses the neckline support if the time window allows.🙏 Possible target points:TP 1: $3358TP 2: $3382What are your toughts about this? Please write it in the comments.-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊As expected, the inverse Head & Shoulders pattern is still in the process of forming.Due to today's better-than-expected economic news, it was anticipated that the gold price would fall, which it did, from around $3304 to $3271 (a $35 drop). Some consolidation and perhaps another drop could occur, but overall, I see the pattern remaining intact.After reaching $ 3379 i closed this trade. Crazy market, was not 100% this could reach almost TP 2 but almost did, good profits. Lets see if Powell brings it down later on.

Last week, I published my idea for a whole week with daily updates for the first time. You can read about it here:https://www.tradingview.com/chart/XAUUSD/blnt0eW4-Smells-Like-a-Trend-Reversal/🎯 The target of $3348 was reached on Friday due to the announcement of new tariffs against the European Union.💡 Here is my idea for the week from May 26-30, 2025.First things first, the Friday session last week ended with bullish momentum. Even though the gold price consolidated more at the $3366 mark, it was obviously to allow time to pass and calm down stressed values like EMA or MACD. This is a very good sign for the start of the week because if the Asia timezone takes the invite, the gold price has a good chance to rise. My expectation is a bullish GAP right at the beginning; if so, it's a clear sign for the rest of the day, in my opinion. These thoughts would support my goal from above $3500 during the week.📰 Geopolitical News LandscapeIndia / PakistanThe ceasefire from May 10 remains tense but intact. Both sides claim victory, while Pakistan strengthens ties with China. Cross-border attacks have ceased, but mutual distrust persists.➡️ Situation remains fragile; renewed escalation is possible.Gaza ConflictIsrael intensifies "Gideon’s Chariot" with ground forces in Khan Younis. Mass evacuations and high civilian casualties worsen the humanitarian crisis. Peace talks have stalled as the offensive continues.➡️ No relief in sight; humanitarian conditions are deteriorating further.Russia / UkraineOn May 24, Russia launched its largest air assault yet with 367 missiles and drones—13 civilians were killed. Just before, both sides exchanged 1,000 prisoners. Peace talks remain suspended.➡️ Violence is escalating; a ceasefire remains out of reach.U.S.–China Trade WarThe 90-day tariff pause triggered a rush to import from China. Shipping bottlenecks and high freight rates are straining businesses. Structural issues remain unresolved.➡️ Short-term easing; long-term tensions persist.Trade War on global viewThe global trade war has escalated in May 2025, with the U.S. imposing a 50% tariff on EU imports and a 25% levy on foreign-made smartphones, citing trade imbalances. The EU has condemned these moves, warning of potential retaliation. In response to U.S. tariffs, China has restricted rare earth exports, impacting global supply chains. ASEAN nations, heavily affected by U.S. tariffs ranging from 10% to 49%, are urging deeper regional integration to mitigate economic disruptions. The IMF has downgraded global growth forecasts to 2.8% for 2025, citing trade tensions and policy uncertainty. Supply chains are being restructured, with companies shifting production to countries like Vietnam and Mexico. Financial markets are volatile, with increased inflationary pressures and investor anxiety. ➡️ Emerging markets face currency volatility and economic instability due to the ongoing trade conflicts. ⚖️Trump vs. PowellPresident Trump increases pressure on Fed Chair Powell to cut rates. The Fed holds interest rates at 4.25–4.5% and warns of inflation. A 10% staff reduction is planned to boost efficiency.➡️Political interference is increasingly destabilizing markets.U.S. Inflation – April 2025Inflation dropped to 2.3%, the lowest since February 2021. However, consumer inflation expectations remain high at 7.3%. The University of Michigan Consumer Sentiment Index fell to 50.8—a historic low.➡️A clear gap is emerging between official data and public perception.🔋 Technical Analysis – Short-Term📊 Analysis: May 19–24, 2025Weekly Low: $3,204 (May 20)Weekly High: $3,366 (May 23)Weekly Close (May 23): approx. $3,358Total Gain: +5%🟢 Trend: A clear uptrend is evident. After hitting a low of $3,204 on May 20, gold experienced a strong rally, forming consistently higher highs and higher lows. A brief pullback on May 22 was quickly bought up.📈 Structure: A series of bullish flag patterns developed, each resolving to the upside. The high at $3,366 currently marks the most significant resistance level.🔮 Outlook from May 26, 2025Resistance: $3,366 (recent high)Support: $3,310 (last local low), below that $3,280 (breakout zone)Bias: Bullish as long as price holds above $3,310📌 Scenario 1 – Bullish Breakout: A sustained breakout above $3,366 could unlock further upside potential toward the $3,390–$3,410 area. When Asia session starting with bull GAP the Scenario is the one i preffer.📌 Scenario 2 – Pullback: A retracement to the $3,310–$3,280 zone would be a healthy correction within the trend, provided this zone holds.🧭 Conclusion:Gold remains in a steady uptrend. As long as support levels hold, a continuation toward $3,500 is likely. RSI may be overbought on higher timeframes, so short-term consolidations are possible, but structurally the setup remains bullish.Anything to ad? Feel free to tell your thoughts.-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊Instead of a Bull GAP we got a Bear GAP from around 8 Dollars.After a phone call with European Commission President Ursula von der Leyen, the announced 50% tariffs against the European Union were delayed, as she told Trump more time was needed to organize.Could be a quiet monday without London and New York because of holiday.Due to a very quiet Monday, largely attributed to the absence of main market makers in the UK and USA, my trading day was disappointing, with a range of only $24 in my timeframe. This served as a reminder to better prepare for future trading days, as I was not aware of these contributing factors.The overall market sentiment shifted dramatically from Sunday to Monday, partly due to the cooling situation surrounding the 50% tariffs against the European Union, which had been announced on Friday. Consequently, my analysis flipped almost instantaneously.Tuesday was equally disappointing. I missed an initial sharp drop from $3328 to $3292, followed by a narrow $3307-$3285 range for the remainder of the day. It was complete crap! Despite this, I managed to make some trades, taking partials and accepting the outcome as it was.Wednesday was also horrible. There was a $3298-$3325 gain within three hours, followed by a crazy New York session characterized by heavy price action. I cannot recommend attempting to trade such conditions.Tomorrow is a holiday in Germany, and I plan to take some time off after this challenging week.Currently, XAUUSD is in a phase where it's being influenced by three different main timezones, each with distinct sentiment. Asia has no particular reason to escalate or de-escalate prices. Europe has no real need for safe-haven demand, and in the USA, nobody truly knows if it's still a recession or not.However, towards the end of Wednesday, other traders mentioned an H&S (Head and Shoulders) pattern, which prompted me to research and draw it on a chart. The right shoulder was already forming its high at $3325. As the price began to move down, I anticipated the pattern would play out. Yet, when New York entered the market, there was no chance for the structure to fully form due to the bullish sentiment it brought in. Almost until the close, it remained a short range of only a few dollars, with nothing happening beyond price ping-ponging between selling and buying. A few minutes before market closing, the price finally dropped to $3276.The Asia session began, and trading returned to normal price action, allowing the structure to build. I expected $3256 as the first take-profit target and $3229 as the secondary. It reached $3250, and perhaps it will go lower, but as I write this, it seems to have concluded for now.

Weekly Recap – Gold MarketMonday, May 12, 2025The week began with a sharp GAP during the Asian session (starting around 1:00 AM London / 8:00 PM New York on Sunday):Gold dropped abruptly by $60, from $3,325 to $3,266.The catalyst was a temporary easing of trade tensions between the U.S. and China, following weekend negotiations that led to a 90-day tariff pause.During the European session (starting at 8:00 AM London / 3:00 AM New York), the downtrend continued, pushing the price further down to $3,207.Tuesday–Wednesday, May 13–14Between these two sessions, the price consolidated within a narrow range of $3,265 to $3,202 (63 $ range).Despite better-than-expected U.S. inflation data, there was no significant breakout—the market remained indecisive.Wednesday, May 14 – European SessionThe price continued its descent, falling from $3,243 to $3,168—a $75 drop—indicating persistent downward pressure despite macroeconomic stability.Thursday, May 15The Asian session (1:00 AM London / 8:00 PM New York) began quietly, with a range between $3,168 and $3,192.Then a sharp drop to $3,123 followed (down $71), triggered by new statements from President Trump, who announced potential trade deals with India, Japan, and South Korea.In the European session (8:00 AM London / 3:00 AM New York), a strong reversal occurred.After failed peace negotiations between Russia and Ukraine in Istanbul, and due to growing geopolitical uncertainty plus a weakening dollar, gold surged by $132, from $3,120 to $3,252.Friday, May 16The Asian session opened slightly bearish, with gold dipping from $3,252 to $3,218.However, bullish momentum returned during the European and U.S. sessions, continuing Thursday’s upward trend and adding $51 by day’s end.📰 Geopolitical News LandscapeIndia / PakistanSince the Kashmir terror attack on May 9, 2025, tensions have escalated again.Cross-border airstrikes and border closures have resumed. A fragile ceasefire, brokered by the U.S., is under pressure.Disputes over water rights further strain relations.➡️ Short-term outlook: high tension remains.Gaza ConflictOn May 9, Israel launched Operation Gideon’s Chariot against Hamas, aiming to dismantle the group and rescue hostages.Over 300 deaths have been reported. A leaked plan suggests Gaza will be divided into three heavily controlled zones.The humanitarian situation is catastrophic (over 53,000 deaths since 2023).Peace talks are underway in Doha, but the situation remains dire.➡️ No relief in sight.Russia / UkraineDirect talks were held in Istanbul for the first time in three years.While a prisoner exchange (1,000 each side) took place, no substantial progress was achieved.Russia demands Ukrainian troop withdrawals from contested areas—Kyiv refuses.Simultaneously, Russian attacks intensified, including drone strikes on Sumy.➡️ A ceasefire remains unlikely in the near term.U.S.–China Trade WarA 90-day tariff pause was announced the weekend before May 12:U.S. tariffs cut from 145% to 30%Chinese tariffs reduced from 125% to 10%Markets reacted positively at first—especially in retail and shipping sectors.➡️ However, unresolved structural issues (e.g., tech transfers, export controls) keep tensions fragile.No comprehensive deal is in sight.⚖️ Trump vs. PowellTensions escalate between President Trump and Fed Chair Jerome Powell:- Trump demands aggressive rate cuts- Powell warns of inflation risks- The Fed holds the interest rate steady at 4.25–4.5%- A 10% staff reduction is planned at the Fed for “efficiency”➡️ The growing political interference is increasing market instability.📉 U.S. Inflation – April 2025The official inflation rate dropped to 2.3%, the lowest since February 2021.However, consumer inflation expectations soared to 7.3%, the highest since 1981.The University of Michigan Consumer Sentiment Index fell to 50.8—a historic low.➡️ A clear gap between perception and data is emerging.📊 Technical Analysis – Short-TermSince May 12, an open GAP exists between $3,289 and $3,325 (36 $ range)A V-shaped reversal formed from the low on May 15 ($3,120) to the Friday close ($3,204)Symmetrical triangle formation suggests a convergence around $3,284 (possible by Tuesday)➡️ Current trading range: $3,172 to $3,285 (113 $ range)💡 Outlook for Monday, May 19Time-Zone-Based Expectations:Asia session (starting 1:00 AM London / 8:00 PM New York Sunday):👉 Potential retest of $3,154Europe session (8:00 AM London / 3:00 AM New York):👉 Bullish outlook toward $3,234U.S. session (2:30 PM London / 9:30 AM New York):👉 Possible continuation of bullish move — open-ended potential📌 Trade Setup – Monday 8:00 AM (London) / 3:00 AM (New York)If price is below $3,154 → I stay flat and wait for clear signalsIf price is above $3,172 → I consider a long position, unless conflicting news emerges🎯 Weekly TargetMy goal for the week is $3,348, provided the U.S. Dollar Index (DXY) holds near the 100-point level.🧠 ConclusionI am increasingly convinced that news-driven trading delivers the best results—if one can properly interpret the signals.🔢 Fibonacci Levels1h chart: low $3,131 → high $3,500 (April 22)Levels: 0.315, 0.382, 0.51h chart: low $3,131 → high $3,435 (May 6)Levels: 0.315, 0.382, 0.51h chart: low $3,131 → high $3,252 (May 16)Levels: 0.315, 0.382, 0.5-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊Today was a normal day, yes. It's been a long time since we've had such a relaxed trading day, not one of those days with 100 swings up and down. There's certainly nothing wrong with a Monday like this, right?Gold moved sideways in a smooth channel defined by the white trendlines, ranging from 3206 to 3249 (a 43 range). The Asia session started the week with an 11 bullish gap between 3204 and 3215. It looks like this gap might be closed soon (still a few pips to go, see the red dotted line).1. I bought a CALL option at 3225 and sold it at 3244.2. I bought a PUT option at 3245 and sold it at 3222.Profits were taken for the day. Tomorrow, Tuesday, I'll try a similar strategy again.As you can see in the picture, Gold's movement was minimal at the end of the session, perhaps indicating that the next Asia session might test the bottom at 3204 again?Hopefully, we won't fall below the yellow uptrend line on Tuesday.Did exactly what I thought it would do: closed the gap and went up.After a significant surge today, likely due to Moody's adjusting its rating of US government bonds from AAA to AA1, and possibly also the weakening position of President Trump...I anticipate the Asia session will close the gap as a 'touch and go' and then maybe pullback.Today, I was able to achieve partials of my targets.The gap was not closed during the Asia Session, which is a shame! The highest price reached was $3320, needing $3325 for closure. Although it was expected that the EU and US time zones would achieve this, the price has been unable to cross $3315 for hours.The gold price fell back to $3285 during the Asia session before being pushed up to $3319. It then came back to $3316 in the EU time zone. The price has been ranging between $3290 and $3320 throughout the day so far.What a day, a long waiting game until movement, but profits were taken from several trades.The gold price was struggling for a long time at the resistance of $3314 until it finally broke in the later evening and surged a bit to close the gap up to almost $3325 before fuel ran out and the price came back to $3315.For Thursday, I don't expect much: either breaking through the resistance at $3324 and surging to $3360, or perhaps just sideways in a small range. If breaking through the bottom of $3303, it might be heading down to $3272, but who knows, we'll see on Thursday.Thursday was a very mixed day for gold prices. The Asia session pushed gold up to $3,345, not quite reaching my anticipated $3,360. Of course, I don't have a crystal ball! The first range to $3,314 opened with a $4 bull gap to $3,345 ($31 gain).In the EU timezone, the gold price reversed down from $3,335 at the open to $3,283 ($52 drop), then retraced back to $3,315 ($32 gain) in about 45 minutes. This was followed by another drop to $3,279 ($36 drop) and another retrace back to $3,304 ($25 gain). Price action was wild! The gold price then fell back again to $3281 ($23 drop) before another retrace to $3304 ($23 gain). After all this price action between support and resistance zones, trading cooled down and consolidated in a range of $3,298 and $3,289 ($9 range).There were six good trading opportunities throughout the day, but finding good entry and exit points felt hard, at least for me. While you can always just bet on resistance or support levels, that's not a strategy. So, I missed three of those six opportunities to make a profit, but overall, I still ended up with a good profit today.The weekly target of $3,348 was almost reached, just missing by a few dollars. I don't see a $57 increase happening today, so I'll consider it a 99% successful call and call it a day, unless a truly good trading opportunity appears.Another point to consider is that we might reach or even break the uptrend line from May 15th at $3,120. Given that market sentiment doesn't look favorable for bulls, it's likely that Friday could be a selling day, potentially pushing us down further than we'd like. Therefore, please exercise caution and ensure your analysis is thorough before making any investment decisions.Yesterday, I was sure there would be no way to reach my target because it was $57 away, but Orange made it possible.Suddenly U.S. President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple that he may slap a 25% levy on all iPhones bought by U.S. consumers.What can I say? It makes me happy. Instead of not reaching the goal of a Goldprice of $3348 this week until Friday, it is done with some bonus to a sell at $3366.

Gold Bullish? Sure, go ahead, but let me explain where we are and so on... 🤔1. Newswise 📰Tariffwar:Trade tensions between the U.S. and China have intensified following President Trump's tariff hikes. The U.S. increased tariffs on Chinese imports to 145%, while China retaliated with tariffs up to 125% on U.S. goods. Despite these escalations, both countries have engaged in high-level negotiations in Geneva, aiming to de-escalate the situation. However, a recent abrupt withdrawal by the Chinese delegation has cast doubt on the progress of these talks. Analysts caution that even if an agreement is reached, it may offer only temporary relief, leaving markets exposed to prolonged trade tensions.Federal Reserve does not cut interest rates:President Donald Trump has been vocal in his criticism of the Federal Reserve’s decision to keep interest rates unchanged, calling Fed Chair Jerome Powell a “fool” for not lowering them. 😡 Trump argues that with falling energy prices, stable employment, and low inflation, the Fed should cut rates to stimulate economic growth. 📉The Federal Reserve, however, remains cautious. 🏦 Officials have expressed concerns that recent tariffs could increase inflation, making premature rate cuts risky. They emphasize the need for clearer economic data before making further policy adjustments. 🧐In summary: While Trump pushes for immediate cuts to boost the economy, the Fed is taking a measured approach, prioritizing long-term stability over short-term political pressure. ⚖️War in Ukraine remains tense:Western leaders, alongside President Zelensky, are calling for a 30-day ceasefire starting May 12. Russia has shown a willingness to negotiate but demands an end to Western military aid — a condition firmly rejected. 🚨Conclusion: The coming days will be critical. A ceasefire could open the door to new peace efforts. If rejected, expect tougher sanctions and further escalation. 💥India–Pakistan Conflict:Tensions between India and Pakistan have escalated sharply following a militant attack on Indian tourists in Kashmir on April 22, 2025. India responded with airstrikes, prompting mutual accusations of missile and drone attacks. 💣 Despite a U.S.-brokered ceasefire announced on May 10, violations followed within hours. Both countries, nuclear-armed, have mobilized troops along the Line of Control. ⚔️ Global powers — including the U.S., U.K., China, and G7 — have urged restraint and offered to mediate. 🌍2. Technicalwise 📊1h Timeframe – Bearish Anti-Gartley Pattern15m Timeframe – Bearish Anti-Butterfly PatternThat’s not a sign of gold being bullish in the short term. 🚫Let’s take a look at RSI values across timeframes:- 5m – 31 – Down ⬇️- 15m – 37 – Down ⬇️- 30m – 43 – Down ⬇️- 1h – 45 – Down ⬇️- 4h – 46 – Down ⬇️- 1d – 55 – Up ⬆️Interpretation of RSI Values 🧐5m to 4h (31 to 46 – all “Down”)→ These low RSI values (below 50) across short- to mid-term timeframes indicate ongoing selling pressure and downward momentum. Although not yet in oversold territory (<30), this still signals relative weakness. ⚠️1d (55 – “Up”)→ On the daily chart, the RSI is above 50 and rising, suggesting a possible trend reversal or early signs of recovery — a bullish signal over the longer term. 📈Overall Meaning 🧠This points to short-term weakness within a broader potential uptrend. The market is soft on lower timeframes — likely in correction or consolidation — while the daily chart begins to show strength. It's a classic pullback setup in an uptrend. 🔄Possible Strategy Consideration 💡If you're leaning bullish, look for reversal signals on the smaller timeframes to align entries with the daily trend — such as RSI divergences or breakouts above local resistance. 📊My Bias 🤔Bearish sentiment dominates in the short term. Over the next week, I aim to enter short positions targeting $3,200. 📉If sentiment shifts or key news emerges, a target of $3,400 becomes more realistic. 🚀-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊Trendline analysis further shows a visible downtrend.A weak uptrend has formed since Friday, but I don't expect it to last.Breaking above $3366 might stop the anti-butterfly and the bearish trend, but several signs point to a bearish bias.A break below $3272 would confirm the bearish trend.First hit was $3207.790, expecting more downside in gold.Next target: $3175. Trendline break could lead to $3000 ???Target reached, closed trade at 3168 on 3175, perfect ;-)The downtrend is still ongoing, and I expect further downside, but this could change based on news regarding the Russia-Ukraine war.

🟡 Gold Traders: Nothing Matters Until Wednesday! ⏳💤Hey traders! 👋This week, all eyes are on Wednesday... and everything before that? Mostly noise.Let me break it down for you. 👇📊 Technical OutlookGold is chilling above a key resistance level right now.Trendlines suggest we won’t see any major moves before Wednesday unless big news drops. 📰🕐 Asian session is kicking things off above resistance.If bulls show up there, we could break Trendline 1 (Image below) and head towards the $3300 🎯 target.📉 RSI across multiple timeframes? Pretty neutral.If Asia trades flat or slightly bearish, gold might range between $3210–$3250.Break below $3201, and things could get shaky... but the European session might push us back above that support.U.S. session on Monday? Likely a sideways snoozefest 😴 (unless surprise news hits).🎯 Trade Setup (Mon–Wed)I’m looking to play the range between:$3261 (Trendline 2) 🔼 and $3169 (Trendline 4) 🔽That’s a comfy $90 window I’m aiming to trade before Wednesday's fireworks. 🚀🔮 After Wednesday – The FED Factor 💣Here’s the real catalyst:Wednesday, May 7 at 2:00 PM EST – FOMC Rate DecisionIf the FED cuts rates (not likely, but possible under pressure), gold could tank hard. 💥I’m talking a potential drop to $3150 or lower 🕳️📉That’d be a -$90+ move easy.FED has been holding the line 💪, resisting pressure (especially from Trump back in the day), but if the economy flashes red, that rate cut might come sooner than expected.🧠 Final ThoughtsFED paused hikes, but left the door open for 3 rate cuts this year.Until we get more clarity, no strong bullish signals on gold.My bias stays: Bearish unless proven otherwise. 🐻💬Stay sharp out there, and watch those sessions. Wednesday’s the real deal! 💼📉And last but not least, look at this and let us know what you think about please:Some would say its impossible but as we know, gold can do everything!-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊During the Asian trading session, gold price pushed above resistance at $3269 but subsequently fell back down before European session began. The weakening dollar then allowed gold to rally again, reaching $3338. Gold has now established a trendline, and if momentum remains strong, further upward movement is expected. Dollar could prevent this but however, another downward move is anticipated during the next Asian session.Right after this Trendline i found out there is a XABCD Reversed Pattern builded (1h). Gold needs to reach $3363 to prevent the drop down back to $3269.

💰 Gold on the Move – Bearish or Bullish? 🤔Hey traders! 👋 On the 1H chart, Gold was chillin’ on a trendline starting from $3386 on Wed, Apr 23, climbing up till $3353 on Mon, Apr 28 📈. But then... it changed direction! 😬Starting Wed, Apr 30, we saw a shift to a lower trendline at $3319, and today it’s trying to climb above $3300 🔄.📉 Bearish vibes? We're eyeing a dip toward $3279.📈 Bullish comeback? If Gold breaks above $3279, we might see some real momentum! 🚀👉 What’s your take? Drop your thoughts in the comments! 💬-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊

Recently, the expected Head and Shoulders pattern seems to be delayed — and possibly invalidated — as buyers successfully defended the line at $3,287, pushing the price up to $3,319 on Friday. As a result, a new bullish setup has emerged.On the 1-hour chart, an XABCD harmonic pattern has clearly formed, offering two upside targets:Target 1: $3,367Target 2: $3,435On the downside, $3,260 is now acting as the critical level. A break below this point could open the door for lower prices.For now, the bias is long until Target 1 at $3,367 is reached. Traders should monitor short-term sentiment closely: if signs of weakness or a shift appear, the price could reverse earlier.Important to note: the Head and Shoulders pattern remains a risk if price falls below $3,260 after reaching $3,370 and moves toward the neckline at $3,237.📍 Summary:Idea: Go long toward $3,367.Risk: Head and Shoulders pattern could still complete if bearish momentum returns.Stay sharp and manage your risk accordingly!-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊

XAUUSD 📉 Watching closely: Possible Head and Shoulders formation developing on the 4H and 1H chartsAs of April 24, 2025, Gold (XAU/USD) is forming a potential Head and Shoulders pattern on the shorter timeframes (4H and 1H), which could indicate a reversal setup. While multiple scenarios are still in play, the price action around the $3368 level will be crucial.If price fails to break above this resistance in the near term, it could suggest weak bullish momentum and open the door for a pullback toward and possibly below the neckline around $3250.🔔 Key Economic Events – April 2408:30 EDT – Durable Goods Orders MoMForecast: +2.0%Personal outlook: Numbers might come in weaker than forecasted.Durable goods orders are a solid gauge of industrial demand. Weaker-than-expected numbers would likely weaken the USD and could offer some upside pressure on Gold.10:00 EDT – Existing Home SalesForecast: Lower than previous.As a key barometer of consumer confidence and economic stability, lower-than-expected figures could also put pressure on the USD, potentially providing Gold a short-term bullish impulse.📊 Potential ScenariosScenario 1 – Bullish BreakoutWeak economic data → USD weakens → Gold spikes above $3400If both data points disappoint, we could see a rally in Gold, possibly breaking the resistance and invalidating the H&S pattern.Scenario 2 – Bearish Breakdown (Preferred H&S Scenario)Strong data → USD strengthens → Gold falls below $3200While less likely, if economic data comes in stronger than forecasted, Gold could see a significant drop, forming the right shoulder and breaking the neckline – confirming the Head & Shoulders reversal.Scenario 3 – Sideways MovementNeutral data + Tariff talks in focusIn the absence of impactful data or if figures come in as expected, Gold might consolidate sideways. Ongoing developments around US-China tariff negotiations could dominate sentiment, delaying or nullifying the H&S pattern entirely.📉 Market Sentiment SnapshotUS stocks are rallying on optimism around tariff reductionsTrump administration signaling potential easing of China tariffs➡️ Gold under pressure as risk-on sentiment rises📍 ConclusionKeep an eye on the $3368 level and $3250 neckline. Short-term moves will likely be dictated by today’s economic releases and the evolving trade narrative. A confirmed break below the neckline would validate the bearish H&S scenario with potential downside toward $3200 and below.👉 Stay nimble and trade the reaction, not just the forecast.-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊Durable Goods Mom forcast 2 actual is 9.2 !!!Gold going downward, taking short right now expecting $3200Today’s trade was successful and ended in profit on the short side down to $3307, even though that wasn’t my original target.Perhaps recent days have made me expect further downside due to ongoing news. However, price action around $3306 held the support level.In this scenario, a Head & Shoulders pattern is still possible, but it would require an entry near the neckline around $3248. Everything now depends on upcoming news regarding tariffs, war, or economic data releases.

The gold price has had a pretty crazy six days, jumping from 3,014 USD on April 9, 2025, to 3,357 USD on April 17 – that’s a solid 11%+ gain. So, what’s going on now? Is the gold rally over, or could we see even more upside? Let’s break it down.🔥 What’s driving the gold price?The big reason behind the recent surge is the trade war between the US and China. Trump has slapped new tariffs on imports from China, Mexico, and Canada, which has shaken things up in the markets. The Fed has also warned that these tariffs are bigger than expected, and could slow down growth and increase inflation.When things get uncertain, investors tend to rush to safe havens like gold, and that’s exactly what’s happening right now. The demand for gold is up, and so is the price.📉 What does the ECB rate cut mean?The European Central Bank (ECB) has lowered interest rates by 0.25% today, dropping from 4.5% to 4.25%. They’re trying to help the economy out and ease inflation.Lower rates mean fixed-income investments aren’t as attractive, which makes gold a better option. But, the US Fed has made it clear they won’t cut rates before June 2025, which could strengthen the US dollar and make gold a little less appealing.🕊️ What if there’s a trade deal?Now, imagine there’s a breakthrough – a trade deal, fairer tariffs, and everyone’s calming down. That could change things for gold:📉 Less risk = less demand for gold: If things chill out, less capital will flow into gold.💵 Stronger Dollar?: A trade deal could make the US dollar stronger, which isn’t necessarily great for gold. But Trump has made it clear that he doesn't want a strong dollar, since it makes US goods less competitive abroad. Even if the dollar does strengthen, it might put pressure on gold since it becomes more expensive for people using other currencies.🔁 Money shifts: If things get calmer, investors might move away from gold and back into stocks or bonds for better returns.So, a deal could definitely slow down or even end this gold rally.🧭 What does this mean for investors?DaytradersFor day traders, the current ups and downs can offer some good opportunities, but they also come with risks. The markets are super sensitive to news about the trade war and rate cuts. Quick gains are possible, but you’ve got to be careful. If a trade deal happens, expect the classic “Sell the News” scenario where the market cools off.Medium-Term Investors (1 Month)Over the next few weeks, we’ll see if more trade war news or central bank decisions impact the gold price. The rally could keep going, but nothing is guaranteed. If you’re in it for the medium-term, keep your positions flexible and manage risk closely. A trade deal could be bad news for gold, though.Long-Term InvestorsLong-term, gold is still a great way to hedge against inflation and geopolitical risks. The current trends could help gold prices, but keep in mind there could be some ups and downs. If the price drops due to a trade deal, it might actually be a good opportunity to buy.📊 The Bottom LineGold has been on a hot streak lately, driven by the trade war and central bank moves. Whether this rally continues or cools down depends on what happens next. A trade deal could bring a correction. So, keep an eye on things and adjust your strategy accordingly.-------------------------------------------------------------------------This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.Good luck and safe trading! 🚀📊