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XAUUSD: Gold's Golden Glow Fades Below $3350 XAUUSD: Gold's Golden Glow Fades Below $3350 – Navigating Key Levels Amidst USD Weakness! Let's dive into the fascinating world of Gold (XAUUSD) today. The yellow metal is showing subtle positive movement, primarily influenced by a weaker US Dollar, but a convincing bullish breakout above the $3350 mark remains elusive. 🌍 Macroeconomic Snapshot: USD's Woes & Gold's Mild Support Gold has seen a slight positive bias for the second consecutive day, yet it's struggling to find significant follow-through, staying below the $3350 level in early European trading. USD Under Pressure: Reports indicating that US President Donald Trump is considering replacing Fed Governor Jerome Powell have sparked concerns regarding the future independence of the US central bank. Cautious Outlook: This mixed bag of news calls for caution before confirming a definitive bottom for Gold or positioning for a substantial recovery from levels below $3300 (or Tuesday's two-week low). Traders are currently focused on upcoming US macroeconomic data and speeches from FOMC members, which could influence XAU/USD ahead of Friday's crucial US Personal Consumption Expenditures (PCE) Price Index release. 📊 XAUUSD Technical Analysis & Intraday Trading Plan: Current Trend: Gold has recently experienced a sharp decline and is now in a consolidation phase, trading around the $329X mark. Price is currently below shorter-term moving averages, indicating lingering bearish pressure or an accumulation phase. Key Levels Identified: Strong Support Zones (Potential BUY Areas): Levels around 3294.414, 3276.122, and particularly 3264.400 are crucial demand areas. Key Resistance Zones (Potential SELL Areas): Levels at 3313.737, 3321.466, 3330.483, and 3341.947 are identified as significant supply zones. 🎯 XAUUSD Trading Plan (Based on your specified levels): BUY ZONE (Strong Support - Long-Term Bias): Entry: 3266 - 3264 SL: 3270 TP: 3280 - 3284 - 3290 - 3295 - 3300 - 3305 - 3310 - 3320 BUY SCALP (Quick Buy at Intermediate Support): Entry: 3284 - 3282 SL: 3278 TP: 3288 - 3292 - 3296 - 3300 - 3305 - 3310 - 3320 - 3330 SELL ZONE (Key Resistance): Entry: 3331 - 3333 SL: 3337 TP: 3326 - 3320 - 3316 - 3310 - 3305 - 3300 SELL SCALP (Quick Sell at Near Resistance): Entry: 3313 - 3315 SL: 3320 TP: 3310 - 3305 - 3300 - 3295 - 3290 - 3280 ⚠️ Key Factors to Monitor Closely: US Macro Data: The upcoming US Personal Consumption Expenditures (PCE) Price Index on Friday is critical. FOMC Member Speeches: Any comments on monetary policy or inflation outlook will directly impact USD and Gold. Geopolitical Stability: Developments regarding the Israel-Iran ceasefire can influence safe-haven demand.
OANDA:XAUUSDLong
by MMFlowTrading
Gold's Price Action Amidst Fed's Inflationary Warnings XAUUSD: Gold's Price Action Amidst Fed's Inflationary Warnings – Key Levels to Watch! Hello TradingView Community! Gold (XAUUSD) continues to be a focal point amidst the Federal Reserve's (Fed) cautious stance on inflation and interest rates. Recent statements from Fed Chair Jerome Powell highlight concerns that large-scale tariffs could trigger persistent inflation, moving beyond conventional economic models. Despite recent inflation cooling, Powell emphasized the need for more data from June and July before considering any rate cuts, warning of the risk that "price shocks turn into persistent inflation". This creates a nuanced market sentiment, torn between hopes for rate cuts and the emerging inflation risk from tariffs. In this environment, Gold remains a crucial psychological anchor, especially if the Fed delays its reaction to new inflationary pressures. 📊 XAUUSD Technical Outlook (H4/M30 Chart Analysis): Based on our recent chart analysis (e.g., image_008403.png): Gold is currently in a corrective or consolidating phase after a notable pullback. Price action indicates that key support and resistance levels are being tested. Resistance Levels (Potential Sell Zones): We see significant resistance around 3352.383 - 3353.860 and higher up at 3371.205, with a major resistance area near the top at 3391.750 - 3395.000. Support Levels (Potential Buy Zones): Key support is identified around 3317.738 - 3311.214, with a stronger demand zone at 3302.939 - 3302.857. A critical lower support lies at 3286.257. 🎯 XAUUSD Intraday Trading Plan: Here are the key zones and targets for today, based on current market dynamics: BUY SCALP: Entry: 3316 - 3314 SL: 3310 TP: 3320 - 3324 - 3328 - 3332 - 3336 - 3340 BUY ZONE: Entry: 3304 - 3302 SL: 3298 TP: 3308 - 3312 - 3316 - 3320 - 3330 - 3340 - 3350 SELL SCALP: Entry: 3353 - 3355 SL: 3360 TP: 3350 - 3345 - 3340 - 3335 - 3330 SELL ZONE: Entry: 3390 - 3392 SL: 3396 TP: 3386 - 3382 - 3378 - 3374 - 3370 - 3360 ⚠️ Key Factors to Monitor: Fed Speeches: Any further comments from Fed officials on inflation or policy outlook. US Economic Data: Upcoming inflation (CPI, PCE) and employment reports (NFP) will heavily influence Fed policy expectations. Geopolitical Developments: Ongoing global tensions can always boost Gold's safe-haven appeal.
OANDA:XAUUSDLong
by MMFlowTrading
Gold Technical Update: Is Tuesday's Low the Bottom ?It looks like we printed our low on Tuesday (June 24th), and now gold is showing some signs of reversal with the current bounce. The key question is whether this momentum can sustain itself through some critical resistance zones. Key Resistance Levels to Watch: 3350-55 - This is our first major test. this level is the confluence with the 0.38 Fibonacci retracement level. If we see a clean break here with volume, it sets up the next target. 3380-85 - This is the big one for today and this week. this level also aligns with the weekly pivot. If the bulls can claim this territory and hold it into the close, we're likely looking at a continuation higher toward upper levels around 3400+. Support Levels: The PDL is now acting as our immediate support level. Below that, we've still got that psychological 3300 level as major support ,the same area that provided the floor earlier this week.
FOREXCOM:XAUUSDLong
by TheGoldenCircle
Ready for a Fresh Rally Ahead of July FOMC Buzz?XAUUSD: Powell's "Soft Tone" Ignites Gold – Ready for a Fresh Rally Ahead of July FOMC Buzz? 🌍 Macro Landscape: Gold Reacts to Fed's Cues – Easing Rate Pressures? The gold market (XAUUSD) is witnessing a resurgence of positive momentum, driven by recent "dovish-leaning" signals from Federal Reserve Chair Jerome Powell during his congressional testimony. Powell's acknowledgment of lower-than-expected inflation from tariffs, coupled with hints of a potential earlier interest rate cut (possibly as early as July), is creating a fresh wave of market anticipation. While Powell cautiously noted "no need to rush," market participants are interpreting his remarks as an indication that current monetary policy might be "somewhat restrictive." Should inflation continue its sustainable deceleration, the Fed would be poised to ease policy sooner. This directly impacts gold: as rate cut expectations rise, the opportunity cost of holding gold (a non-yielding asset) diminishes, making it significantly more appealing to investors. 🏦 Central Bank Policy: Fed's Evolving Stance & Market Re-calibration Federal Reserve (Fed): Chair Powell's nuanced message suggests a more adaptable Fed, ready to align its policy with actual inflation data. His emphasis on the Fed's independence from political influence further solidifies confidence in data-driven decisions. Market Re-calibration: While the broader market still leans towards a September rate cut, the probability of a July cut is subtly increasing, according to the CME FedWatch Tool (with 70.1% anticipating a cut to 4.00 - 4.25% by September). This re-pricing of policy risk is a crucial supportive factor, helping gold maintain stability around the $3,300–$3,320/oz mark, indicating smart money accumulation. This evolving Fed perspective, even a slight shift, is powerful enough to influence capital flows and investor sentiment globally, setting the stage for significant gold movements. 🌐 Capital Flows: Gold & USD – The Shifting Safe-Haven Dynamics Global capital flows are highly sensitive to interest rate expectations and perceived risks. Historically, both gold and the U.S. dollar serve as primary safe havens during periods of uncertainty. If Powell's "dovish tilt" gains further traction and leads to earlier rate cuts, we could anticipate a notable rotation in capital: Outflows from USD: Lower U.S. yields would diminish the attractiveness of the USD as a yielding asset. Inflows into Gold: The reduced opportunity cost of holding gold, combined with its intrinsic store-of-value appeal, could trigger substantial capital flows into the precious metal, especially amidst persistent global geopolitical tensions. The market's re-evaluation of Fed policy risk is already contributing to gold's resilience, suggesting that strategic positioning for an upside move might be underway. 📊 Technical Structure (H4/M30 Chart Analysis): Gold Breaking Bearish Bias, Targeting Higher Levels Based on the provided XAUUSD chart (H4/M30 timeframe): Channel Breakout: Gold has visibly broken out of a prior descending channel, signaling a clear weakening of selling pressure and a potential trend reversal. The price is currently consolidating and appears to be forming a new accumulation pattern or a smaller ascending channel. Key Price Levels: Potential Sell Zone (Resistance): Around 3,352.383 - 3,371.205. This zone aligns with significant Fibonacci retracement levels (0.5 and 0.618 from the last major swing down) and represents a strong historical resistance cluster. If the price attempts to breach this zone and fails, selling pressure could emerge. Higher Resistance: 3,391.750 - 3,395.000. This is a formidable resistance area. A decisive break above this level would confirm a more robust long-term bullish trend. Current Buy Zone (Support): Around 3,302.939 - 3,311.214. This is a critical demand zone, where strong buying interest is likely to surface, coinciding with recent swing lows. Next Key Support: 3,286.257. Should the 3,302.939 - 3,311.214 zone be breached, this level would be the next significant support to watch. Moving Averages (EMA 13-34-89-200): The price is currently trading above the shorter-term EMAs (13 & 34), indicating positive short-term momentum. The longer-term EMAs (89 & 200) are likely transitioning from resistance to dynamic support, or showing signs of convergence, suggesting a potential shift in market structure. A 'Golden Cross' formation among these EMAs would be a powerful bullish signal. Projected Price Action: The chart depicts a scenario where the price might retrace slightly towards the 3,317.738 support or even deeper to 3,302.939 before embarking on a strong upward rally, targeting resistance zones like 3,352.383 and further to 3,371.205. 🎯 Trade Strategy Recommendations (Based on Provided Zones): BUY ZONE: 3286 - 3284 SL: 3280 TP: 3290 - 3294 - 3298 - 3302 - 3306 - 3310 - 3315 - 3320 BUY SCALP: 3302 - 3300 SL: 3295 TP: 3306 - 3310 - 3314 - 3318 - 3322 - 3326 - 3330 SELL ZONE: 3353 - 3355 SL: 3360 TP: 3350 - 3346 - 3340 - 3335 - 3330 - 3320 SELL ZONE: 3372 - 3374 SL: 3378 TP: 3370 - 3366 - 3362 - 3358 - 3354 - 3350 ⚠️ Key Events to Watch: Further Speeches by Fed Officials: Any new comments on inflation, economic data, or the rate path will heavily influence market dynamics. Global Geopolitical Developments: Ongoing tensions or new uncertainties can always bolster gold's safe-haven appeal.
OANDA:XAUUSDLong
by MMFlowTrading
Gold tested 3300, what next ?Yesterday's breakdown below the 3345-50 area created a failed low scenario, and gold tested psychological 3300 level before finding some support. Right now we're seeing a bit of correction higher from yesterday's lows, but this is still unconfirmed territory. For intraday 3330-33 resistance zone . If gold manages to push through with decent momentum, the next major hurdle zone is up at 3360- 3385. but as long as we're staying under 3330 and especially under 3360, any upward movement as a pullback rather than a true reversal . For a genuine reversal to take hold,we need good bullish candle follow up today and gold needs to break above 3360- 3385 convincingly without revisiting yesterday's lows. and have to re claim 3450, which would signal a more significant shift in sentiment.
FOREXCOM:XAUUSDLong
by TheGoldenCircle
Macro Pressure or Opportunity to Accumulate?XAUUSD 24–28 June: Gold Slides to Buy Zone – Macro Pressure or Opportunity to Accumulate? 🔍 Macro Outlook – A Volatile Week for Gold Traders Gold is navigating through a complex macroeconomic landscape this week, with multiple factors weighing in: ✅ Middle East Tensions Resurface Israel has declared plans to retaliate against Iran following a ceasefire violation, increasing geopolitical risk. This situation historically supports safe-haven demand for gold when it escalates. ✅ US Economic Data May Soften Fed’s Tone The U.S. economy is showing early signs of cooling: Housing market data fell short of expectations. PMI data indicates manufacturing and services are slowing. If the Core PCE Index (set to release this week) confirms soft inflation, expectations for a Fed rate cut in September may solidify, putting pressure on the USD and boosting gold. ✅ China & India Are Stocking Up on Gold India’s jewelry and central bank demand is on the rise ahead of budget season. Meanwhile, China continues to increase its gold reserves for the 19th consecutive month, offering underlying support to the price. 📉 Technical Analysis – Is the Correction Bottoming Out? XAUUSD remains in a downward-sloping channel on the H1/H4 chart, but prices are approaching key support zones with strong historical demand. EMA 34 – 89 – 200 still show downward momentum. However, RSI divergence is forming on the lower timeframes, signaling potential bullish pressure. A clear FVG (Fair Value Gap) around the $3367–$3369 zone presents a strong liquidity zone for reversal. ✅ Trading Plan for XAUUSD 🔵 BUY ZONE: $3278 – $3276 Stop Loss: $3270 Take Profits: TP1: $3282 TP2: $3286 TP3: $3290 TP4: $3294 TP5: $3298 TP6: $3302 TP7: $3305 TP8: $3310 📌 Reason to Buy: Price is approaching the bottom of the descending channel with visible demand zone, enhanced by RSI divergence and macro geopolitical pressure favoring safe-haven flows. 🔴 SELL ZONE: $3367 – $3369 Stop Loss: $3375 Take Profits: TP1: $3364 TP2: $3360 TP3: $3356 TP4: $3352 TP5: $3348 TP6: $3344 TP7: $3340 TP8: $3330 TP9: $3320 📌 Reason to Sell: This is a key FVG resistance area where sellers have previously stepped in aggressively. If price retests without momentum, it's likely to reject back toward support. 📎 Summary for Indian Traders This week’s gold strategy is a balance between short-term technical plays and long-term macro shifts. Keep your eyes on PCE data, USD movement, and any flare-up in Middle East tensions. Each of these could serve as catalysts for either a bounce or continuation.
OANDA:XAUUSDShort
by MMFlowTrading
Gold Slips Sharply Ahead of Key US DataGold (XAUUSD) kicked off the week with a steep decline, currently hovering around $3,345 — down over 200 pips from the session’s open. This move unfolds just ahead of a series of major US economic releases, including PMI figures, Q1 GDP, and most importantly, the Core PCE Index — the Fed’s preferred inflation gauge. Markets are anticipating that Core PCE will remain elevated, reinforcing the case for prolonged high interest rates, which in turn adds pressure on safe-haven assets like gold. From a technical perspective, the short-term chart has just formed a price GAP. If buyers capitalize on this setup, there’s a potential opportunity to target a gap fill. However, bearish pressure remains strong. If any recovery fails to break above the $3,389 resistance zone, traders should consider sticking with the prevailing downtrend. Wishing you a successful trading day ahead!
OANDA:XAUUSDShort
by Kevinn_Nguyen
Natural Gas Futures: Triangle Breakout and New Impulse UnfoldingNatural Gas Futures (MCX) is showing an interesting Elliott Wave structure unfolding. After completing a corrective Y wave near 133.6, prices started a well-defined impulsive advance. The initial advance took shape as a 5-wave structure (yellow degree), completing wave 1 at 261.2, followed by a healthy correction into wave 2 at 156.7. The subsequent rally carved out another 5-wave pattern (green degree), pushing prices toward 407.8, marking a likely completion of wave 3. The corrective wave 4 unfolded as a typical contracting triangle (ABCDE), finding support around 297.3. This triangle structure respected the Elliott guidelines quite well and indicates a potential setup for the next impulsive leg higher. Post-triangle, the initial move up to 359.2 can be counted as wave i of the next larger impulse. The ongoing retracement has pulled back close to 61.8%–78.6% Fibonacci levels, a common zone for wave ii corrections. The RSI continues to print higher lows, supporting the underlying bullish sequence. The invalidation zone is clearly marked around 297.3. As long as price remains above this level, the possibility of an ongoing bullish impulse remains valid, with eventual targets extending much higher toward the 1.618 projection zone near 503. This remains a developing wave count, with structure still unfolding. Monitoring how price reacts around current levels will provide further clues whether the larger bullish sequence resumes or deeper correction emerges. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
MCX:NATURALGAS1!Long
by WaveXplorer
XAU/USD Double Bottom Breakout Bullish Momentum Incoming!🔄 XAU/USD Double Bottom Breakout 💥 | 🚀 Bullish Momentum Incoming! Analysis: 🟡 Double Bottom Pattern: Two clear lows have formed around the $3,340 support, signaling a potential reversal. 🟦 Accumulation Zone: The price consolidated in a range, indicating strong buying interest before the breakout. 🟣 Bullish Momentum: Recent aggressive bullish candles show strong buying pressure. 📈 Breakout & Retest Zone: If the price holds above $3,370, a bullish continuation toward $3,409 and possibly $3,445 is expected. 🧭 Target Area: Marked with a blue box, the upside potential is clearly projected. Conclusion: A successful retest of the breakout level may lead to a strong bullish run. Keep an eye on $3,370 as the pivot zone. 🎯
OANDA:XAUUSDLong
by ZareeFxTradingAac
Fibonacci extension, sell gold 3375Plan XAU day: 23 June 2025 Related Information:!!! Gold price (XAU/USD) maintains its bearish tone during the first half of the European session, although it lacks strong momentum due to mixed fundamental signals. The US attack on Iran’s nuclear facilities on Sunday increases the risk of a wider conflict in the Middle East and reinforces the US Dollar's (USD) position as the global reserve currency. In addition, the Federal Reserve’s (Fed) hawkish stance is seen as another factor supporting the greenback and putting downward pressure on the non-yielding yellow metal. personal opinion:!!! Gold price recovered and continued to accumulate, using extended fibonacci to find selling points to adjust wave 4 on H1 frame Important price zone to consider : !!! SELL point: 3375 zone Sustainable trading to beat the market
OANDA:XAUUSDLong
by JJainy
1
XAUUSD 23/06 – Bears Losing Steam as FVG Zone Returns to PlayXAUUSD – Gold Sets Up for a Strategic Bounce Amid Fed Dovish Shift and Yield Retreat 📊 MACRO & FUNDAMENTAL INSIGHTS – WEEK AHEAD Gold enters the final week of June with renewed investor focus amid softening Fed rhetoric and weakening US Treasury yields. Here's what Indian traders need to watch: 🔻 Fed Signals & Rate Cut Bets Rising Jerome Powell’s upcoming speech and comments from FOMC members will shape the tone. Market now prices in a 65% probability of a rate cut in September, according to CME FedWatch. If Powell leans dovish, expect renewed demand for non-yielding assets like gold. Conversely, hawkish surprises may pressure prices downward. 📉 US Dollar and Bond Yields Losing Momentum The US Dollar Index (DXY) is retreating after peaking, while 10-year yields hover near 4.23% but fail to break higher. Weakening yields and profit-taking on the dollar strengthen the safe-haven narrative for gold, particularly attractive to Indian investors during times of global volatility. 🌍 Geopolitical Tensions & Capital Flow Rotation Ongoing concerns in the Middle East, Ukraine, and Indo-Pacific increase gold’s appeal as a hedge. Institutions have started rotating capital from equities to safe-haven assets. ETF inflows and central bank reserves—particularly from China and India—underline long-term accumulation. 🧠 TECHNICAL ANALYSIS – STRUCTURE & SENTIMENT On the H1 chart, XAUUSD remains within a broader descending channel but has printed a potential reversal setup from the BUY ZONE (3327–3325). The recent drop filled a Fair Value Gap (FVG), offering strong confluence support. Price action shows early signs of accumulation with bullish divergence on RSI and price holding above the trendline support. Immediate resistance is seen at 3355–3360, with stronger supply anticipated near the SELL ZONE (3398–3400), aligning with a high-timeframe trendline. 🎯 TRADING PLAN – UPDATED FOR SHORT/MEDIUM TERM 🔵 BUY ZONE: 3327 – 3325 SL: 3320 TP: 3330 → 3335 → 3340 → 3345 → 3350 → 3355 → 3360 → ??? This zone aligns with key structural support and the base of FVG. A break above 3360 may trigger acceleration toward 3375–3390. 🔴 SELL ZONE: 3398 – 3400 SL: 3405 TP: 3395 → 3390 → 3386 → 3380 → 3375 → 3370 → 3360 Ideal area to fade potential spikes driven by news or sentiment. Look for rejection wicks or RSI divergence before entering. ⚖️ STRATEGY OUTLOOK With central banks tilting toward easing, gold may reclaim dominance as a macro hedge. India’s gold imports are expected to increase if prices consolidate below 3350. Patience and discipline around key zones are critical—let price validate direction.
OANDA:XAUUSDShort
by MMFlowTrading
CrudeOil in major resistance area may give breakout*$$CrudeOil is trading near major resistance area with positive news around the world for it. If Iran block Strait of Hormuz then it will give breakout from this area for target of 6655-6722 area & then 6988, 7301, 7500,7750. If Iran problem solved with USA then it may fall also from this resistance area with fast momentum for target of 6033, 5633, 5155, 4733. Please consult your advisor before taking any trade & with proper risk management. Thank You
MCX:CRUDEOIL1!
by K_Dyadav
Gold Gap Up But Range Remains IntactThe price is still facing resistance at that key 3385 level we talked about in our weekly analysis video. This 3385 level is our monthly pivot (marked with the red arrow), and it's crucial for the gold bulls to not just break above this level but also sustain above it. Only then can we expect to see some fresh buying momentum kick in. On the downside, we've a solid support zone around 3350-3360 that's worth keeping an eye on. We did see a gap-up opening this morning, which is due to the ongoing war situation creating some safe-haven demand for gold. However, from price action perspective, gold is still trading within its range, and we need to wait for breakout from this range . Until this range breaks definitively one way or the other, . No point in forcing trades when the market is clearly telling us it's still deciding which direction to go.but above 3360 level bulls are still in control (on Daily close).
OANDA:XAUUSDLong
by TheGoldenCircle
XAU/USD Bullish Breakout from Flag PatternBullish Flag Formation: The price consolidated in a downward-sloping flag after a sharp bullish move. A breakout has occurred, signaling renewed buying pressure. Support Zone: The breakout aligns with the horizontal support area around 3,392, reinforcing the bullish bias. Upside Targets: Based on price structure and measured move projection: First target: 3,435 – 3,452 Final target zone: 3,500+ Momentum Confirmation: The Ichimoku cloud supports bullish continuation as price trades above it, showing strong upward momentum. Conclusion: Gold appears to be resuming its uptrend after a brief consolidation. As long as price holds above the breakout level (around 3,392), the bullish targets remain valid. Ideal scenario for continuation traders looking for entries on minor pullbacks
OANDA:XAUUSDLong
by ZareeFxTradingAac
Gold price returns to 3363 price zone, gold selling pointPlan XAU day: 20 June 2025 Related Information:!!! Gold price (XAU/USD) is seen consolidating its intraday losses to over a one-week low and is trading just below the $3,350 level during the first half of the European session. Earlier this week, the US Federal Reserve (Fed) trimmed its outlook for rate cuts in 2026 and 2027, which is seen as a tailwind for the US Dollar (USD) and is weighing on demand for the non-yielding yellow metal. In addition, a generally positive tone in European equity markets is another factor putting pressure on Gold prices. However, rising geopolitical tensions in the Middle East may cap market optimism amid ongoing trade-related uncertainties and help limit losses for the safe-haven XAU/USD, which remains on track for weekly losses personal opinion:!!! Gold price in sell zone, trend line 3362 Important price zone to consider : !!! SELL point: 3362 zone Sustainable trading to beat the market
OANDA:XAUUSDShort
by JJainy
2
XAUUSD – Will Gold Break Free from the Downtrend?XAUUSD – Goldman Sachs Issues a Storm Warning: Will Gold Break Free from the Downtrend? As gold continues to trade in a narrow range for the sixth week, one major catalyst could be on the horizon — Goldman Sachs has issued a bold warning about the US debt crisis. Indian traders, this may be the signal we’ve been waiting for… 🌐 MACRO OUTLOOK – US DEBT SET TO BREAK WWII RECORDS US public debt is approaching historic highs, with interest payments projected to exceed $1 trillion in 2025 — surpassing even defense and healthcare spending. Goldman warns that if urgent action isn’t taken, the US may face aggressive fiscal tightening, which could shrink GDP without lowering the debt-to-GDP ratio. Root causes: overspending, rising interest rates, and deep political division. 📌 For Indian investors, such instability in the US economy tends to weaken the USD and increase demand for gold, which has always been a trusted asset in Indian households and institutional portfolios alike. 📉 TECHNICAL OUTLOOK (Updated – M30/H1) Gold remains within a strong descending channel, and price action is currently showing signs of a bearish continuation setup. The zone at 3,338.422 is acting as a mid-pivot. A pullback to the upper trendline (around 3,368.048) is expected before the next leg lower. EMA ribbons are stacked downward, confirming short-term bearish momentum. If the bounce toward 3,368 fails to break out, we expect price to revisit the FVG zone near 3,325.783, and possibly extend toward 3,309.256. ✅ TRADING PLAN (Unchanged Zones) 🟢 BUY ZONE: 3310 – 3308 SL: 3303 TP: 3314 → 3318 → 3322 → 3326 → 3330 → 3340 → 3350 → 3360 → ??? 🟢 BUY SCALP: 3325 – 3323 SL: 3318 TP: 3330 → 3334 → 3338 → 3342 → 3346 → 3350 → 3360 → 3370 → ??? 🔴 SELL ZONE: 3418 – 3420 SL: 3424 TP: 3414 → 3410 → 3405 → 3400 → 3396 → 3390 → 3385 → 3380 🔻 SELL SCALP: 3396 – 3398 SL: 3403 TP: 3392 → 3388 → 3384 → 3380 → 3375 → 3370 💬 FINAL THOUGHTS FOR INDIAN TRADERS As we close the trading week, market liquidity may spike suddenly after Thursday’s US bank holiday. This could trigger a decisive move — either a breakout or a trap. ✅ Stick to your SL/TP, avoid emotional trading, and let the market confirm the direction. Gold remains structurally bearish, but any shift in global sentiment — especially driven by US debt concerns — could flip the script fast. Watch. Plan. Execute. Let the market come to you.
OANDA:XAUUSDShort
by MMFlowTrading
MCX Crude Oil: Complex Correction Complete?Big Picture Structure — Daily Timeframe After peaking at 9996, Crude Oil entered a prolonged complex corrective phase, unfolding as a W-X-Y-X-Z structure, reflecting a Elliott Wave complex correction pattern. Wave W formed via an initial abc decline. Wave X delivered a corrective bounce. Wave Y unfolded into another abc leg down. A second X followed, creating further complexity. Finally, Wave Z completed with a terminating abc decline, bottoming near 4724. With this, the entire larger degree Wave 4 correction appears to have completed, setting the stage for a potential higher-degree advance. Zoom In — 4H Timeframe Analysis Zooming into the rally from 4724, price action unfolds very cleanly: A strong 5-wave impulsive advance has developed. Wave 3 displayed strong extension — a healthy sign of impulsive strength. Wave 5 pushed to a higher high near 6585, completing a likely Wave (1) at smaller degree. Notably, the final leg of this upmove developed with RSI bearish divergence, often an early warning of short-term exhaustion, suggesting a corrective Wave (2) pullback may now be developing. Outlook Ahead With higher degree Wave 4 likely behind us, attention shifts to the ongoing development of the larger degree Wave 5. A corrective Wave (2) pullback may offer attractive entry zones for the next bullish impulsive leg. As long as price maintains structural integrity above the 4724 low, the broader bullish outlook remains intact. Summary Complex W-X-Y-X-Z correction likely complete. New bullish sequence underway. Short-term corrective pullback (Wave 2) anticipated. RSI divergence signals caution for immediate upside, but larger bullish trend remains intact. Chart will be updated as price action evolves. Disclaimer : This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
MCX:CRUDEOIL1!Long
by WaveXplorer
GOLD GEARS UP FOR THE NEXT MOVE? All Eyes on Middle East & FedXAUUSD – GOLD GEARS UP FOR THE NEXT MOVE? All Eyes on Middle East & Fed 🌐 MACRO VIEW – WHAT'S MOVING GOLD? 🔺 Fed stays on hold, but Powell remains hawkish – His recent speech signals that inflation may persist due to ongoing geopolitical risks and rising commodity costs... 🔥 Middle East tensions could be the game-changer for gold prices: If the US steps in as a mediator to de-escalate tensions between Israel and Iran, gold could see a deeper correction toward the 3,357–3,345 support zone, possibly lower... On the other hand, Trump’s reported alignment with Israel and possible airstrikes on Iran would likely send gold soaring back to 3,417–3,440 levels, acting as a safe haven trigger. 📉 TECHNICAL SETUP (M30) Gold is moving inside a descending channel, compressing within key EMAs (13–34–89–200). A potential inverse head & shoulders pattern is forming at the bottom, signaling possible bullish breakout if confirmed. Support remains firm around 3,345–3,357, while price struggles to break above the upper trendline. ✅ TRADING PLAN 🔵 BUY ZONE: 3,345 – 3,357 Entry: Look for bullish rejection and confirmation SL: Below 3,342 TP: 3,373 → 3,384 → 3,403 → 3,417 → 3,440 🔴 SELL ZONE: 3,417 – 3,440 Entry: Wait for rejection and bearish confirmation near resistance SL: Above 3,445 TP: 3,403 → 3,384 → 3,373 → 3,357 💬 FINAL THOUGHTS FOR INDIAN TRADERS Even though the broader trend remains bullish, gold is not yet ready for a breakout – consolidation continues. Smart traders should stay patient, watch for clean setups, and manage risk well. Keep an eye on political developments, especially involving Iran, Israel, and the US, as they could trigger sharp moves in gold. Trade smart. Let the market come to you.
OANDA:XAUUSD
by MMFlowTrading