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Gold Holding Strong New Highs Loading? After a solid rejection from the 3130–3160 major support zone, gold has shown real strength and bounced back above the 3280–3300 region, which was a key retracement level (0.5–0.618 Fib zone). Initially, I was expecting a deeper correction possibly towards the 3000 area, but price action has flipped the script. Bulls have stepped in strongly. With the updated projection, we’re now looking at the following bullish path: Updated Bullish Projection Path Immediate resistance at 3436-40 (100% Fib extension) Next targets: ATH :3500 3520 – 1.272 Fib 3565 – 1.414 Fib 3628 – 1.618 Fib (Major extension target) Major support to watch 3260-75 area If price continues to respect the trendline and higher lows, this bullish momentum could stretch further....
OANDA:XAUUSDLong
by TheGoldenCircle
The uptrend is being tested at the resistance of 3,305 USDAfter a strong recovery from the bottom around 3,140 USD, the world gold price is touching the important resistance zone at 3,305 USD/ounce in the trading session on May 21. On the 4H chart, the short-term uptrend is reinforced when the price breaks above the EMA 34 and EMA 89, creating a golden cross pattern - a sign that often signals the continuation of the uptrend. However, the 3,305–3,325 area is currently acting as a short-term resistance - where many reversals have been recorded in the past. The price is showing signs of slowing down when approaching this area, with small candles and narrow bodies, indicating that buying power is temporarily slowing down. If gold breaks and closes clearly above 3,325, the price will likely continue to move towards 3,375 and further to 3,400 USD. On the contrary, if the price fails to break above the current resistance zone and reverses, the support zone to watch is the confluence between EMA34 and EMA89 around 3,250–3,260. With market sentiment still dominated by geopolitical factors and US credit risks, gold continues to maintain its safe-haven role. However, investors should monitor the price reaction at the 3,305 area to confirm the next momentum – whether it is a breakout or a technical correction.
OANDA:XAUUSD
by norbanpar
FED HAWKISHNESS VS TECHNICAL FAIR VALUE GAPS – BIG MOVE COMING?GOLD PLAN 21/05 – FOMC HAWKISHNESS VS TECHNICAL FAIR VALUE GAPS – BIG MOVE COMING? The recent surge in gold has paused just as traders digest the latest Federal Reserve signals. Despite rising geopolitical risks and weakening U.S. economic data, Fed officials continue to project a “higher-for-longer” rate stance, keeping the dollar afloat and adding pressure on gold’s rally. 📉 However, the technical structure tells another side of the story. ⚙️ TECHNICAL OUTLOOK: Bearish Trap or Hidden Bullish Opportunity? On the 1H timeframe, XAU/USD is showing signs of consolidation after tapping into a major Fair Value Gap (FVG) around the 3328–3356 area. We now observe two key FVG zones above and below current price, highlighting high volatility and potential liquidity grabs. 🔍 A short-term bullish scenario is forming if gold retraces towards 3250–3252 support, where trendline confluence and dynamic support suggest strong demand. Conversely, any strong rejection from 3354–3356 SELL ZONE could activate a bearish play back towards the lower structure levels. 💹 TRADE SETUPS FOR TODAY: 🔵 BUY ZONE: Entry: 3252–3250 Stop Loss: 3246 Take Profit Targets: 3256 – 3260 – 3264 – 3268 – 3272 – 3280 – 3300 – ??? 🔵 BUY SCALP: Entry: 3277–3275 Stop Loss: 3272 Take Profit Targets: 3280 – 3284 – 3288 – 3292 – 3296 – 3300 🔻 SELL ZONE: Entry: 3354–3356 Stop Loss: 3360 Take Profit Targets: 3350 – 3346 – 3342 – 3338 – 3334 – 3330 – 3320 🔻 SELL SCALP: Entry: 3328–3330 Stop Loss: 3334 Take Profit Targets: 3324 – 3320 – 3316 – 3310 – 3305 – 3300 🌍 MACRO INSIGHT: Fed’s hawkish tone is weighing on precious metals, but gold remains attractive under geopolitical uncertainty and de-dollarization trends. China and other central banks continue their accumulation, suggesting long-term bullish pressure is intact. Watch for U.S. data this week – especially PMI and jobless claims – which could provide short-term catalysts. 📌 Stay cautious and disciplined. Stick to your zones and manage risk tightly – volatility is increasing. 👉 If you found this useful, don’t forget to like, comment and follow for daily gold insights!
OANDA:XAUUSDLong
by MMFlowTrading
1
No trades for now… letting gold show its next moveYesterday, gold closed above 3282 level, which we’ve been tracking closely as the 0.50 Fibonacci level from the 3440–3120 decline. This was a key technical level and with that break, I’ve closed all my short positions initiated from the 3385 area(with a good profit overall), as shared earlier. With that exit, I’m currently flat and not holding any active positions. From an intraday perspective, price is now inching toward the next resistance at 3319, which corresponds to the 0.618 Fib retracement a typical zone where reactions or pullbacks possible. The trend has shifted from a clean corrective phase into a potential BIG RANGE CONSOLIDATION structure(for range we have to wait for weekly close confirmations) I’ll wait for more clarity in price action near 3319–3345, and reassess if fresh selling opportunities or continuation setups emerge.I prefer to stay on the sidelines and observe how price behaves around the next resistance cluster before jumping into the next move.
TVC:GOLD
by TheGoldenCircle
1
GAIL (INDIA) LTDAs of May 21, 2025, GAIL (India) Ltd. (NSE: GAIL) is trading at ₹191.10, reflecting a 0.86% increase from the previous close. 📊 1-Day Support & Resistance Levels Based on the Classic Pivot Point method, the following support and resistance levels have been identified: Pivot Point: ₹191.33 Support Levels: S1: ₹188.67 S2: ₹186.23 S3: ₹183.57 Resistance Levels: R1: ₹193.77 R2: ₹196.43 R3: ₹198.87 📈 Technical Indicators Relative Strength Index (RSI): 60.63 – Indicates bullish momentum. MACD (12,26): 1.34 – Suggests a bullish crossover. Average Directional Index (ADX): 35.59 – Reflects a strong trend. Commodity Channel Index (CCI): 48.46 – Neutral. Rate of Change (ROC): 2.75 – Positive momentum. Money Flow Index (MFI): Not specified. 📉 Moving Averages 50-day EMA: ₹226.29 200-day EMA: Not specified. The current price is below the 50-day EMA, indicating a potential bearish trend in the short term. 🔍 Market Outlook GAIL (India) Ltd. is exhibiting mixed signals. While technical indicators like RSI and MACD suggest bullish momentum, the stock trading below its 50-day EMA indicates caution. Traders should monitor the support and resistance levels closely; a breach above R1 (₹193.77) could indicate further upside, while a drop below S1 (₹188.67) might suggest a potential decline.
NSE:GAILLong
by TechnicalExpress
ASIAN PAINTS LTDAs of May 21, 2025, Asian Paints Ltd. (NSE: ASIANPAINT) closed at ₹2,295.60, reflecting a 1.54% decline from the previous day. The stock is currently trading approximately 32% below its 52-week high of ₹3,394.00, reached on September 16, 2024. 📊 1-Day Support & Resistance Levels Based on the Classic Pivot Point method, the following support and resistance levels have been identified: Pivot Point: ₹2,311.57 Support Levels: S1: ₹2,275.43 S2: ₹2,255.27 S3: ₹2,219.13 Resistance Levels: R1: ₹2,331.73 R2: ₹2,367.87 R3: ₹2,388.03 📈 Technical Indicators Relative Strength Index (RSI): 41.88 – Indicates neutral momentum. Moving Average Convergence Divergence (MACD): -15.56 – Suggests bearish momentum. Average Directional Index (ADX): 17.09 – Reflects a weak trend strength. Rate of Change (ROC): -5.80 – Points to a declining price momentum. Money Flow Index (MFI): 29.47 – Indicates potential oversold conditions. Supertrend: ₹2,468.26 – The current price is below this level, signaling a bearish trend. 📉 Moving Averages 50-day Simple Moving Average (SMA): ₹2,342.83 100-day SMA: ₹2,304.44 200-day SMA: ₹2,614.84 The current price is below all these moving averages, indicating a bearish outlook. 🔍 Market Outlook Asian Paints Ltd. is exhibiting bearish signals across multiple technical indicators. The stock's position below key moving averages and a declining RSI suggest continued downward pressure. Traders should monitor the support levels closely; a breach below S1 (₹2,275.43) could indicate further downside, while a move above R1 (₹2,331.73) might suggest a potential reversal.
NSE:ASIANPAINTLong
by TechnicalExpress
TAMILNAD MERICA BANK LTDAs of May 21, 2025, Tamilnad Mercantile Bank Ltd. (NSE: TMB) is trading at ₹451.80, reflecting a 0.97% increase over the previous day. 📊 1-Day Support & Resistance Levels (Classic Pivot Method) Based on the previous trading day's price range, the following support and resistance levels have been identified: Support Levels: S1: ₹449.03 S2: ₹446.27 S3: ₹443.43 Resistance Levels: R1: ₹454.63 R2: ₹457.47 R3: ₹460.23 Pivot Point: ₹451.87 📈 Technical Indicators Moving Averages: 20-day EMA: ₹444.47 50-day EMA: ₹437.38 100-day EMA: ₹438.24 200-day EMA: ₹446.85 Oscillators: Relative Strength Index (RSI 14): 58.01 (indicates uptrend) Commodity Channel Index (CCI 14): 62.68 (indicates uptrend) Money Flow Index (MFI): 74.25 (indicates strong uptrend) 🔍 Trading Insights The current price is slightly below the pivot point, suggesting a neutral to slightly bullish stance. If the price moves above the pivot point, it may test the resistance levels. Conversely, a drop below the pivot could lead to testing the support levels.
NSE:TMBLong
by TechnicalExpress
Gold breaks out of triangle patternThe world gold price has increased to 3,222 USD/ounce, continuing the strong recovery thanks to supportive factors from safe-haven sentiment. Moody's downgrade of the US long-term credit rating has fueled concerns about financial risks, while trade tensions due to the US Treasury Secretary's statement have further strengthened gold's position as a safe haven. On the 1H chart, the price has just broken out of the ascending symmetrical triangle pattern - a technical structure that often signals the continuation of an uptrend. The breakout zone around 3,235 is currently acting as support. As long as the price holds above this zone, the possibility of gold continuing to move towards the target of 3,270–3,280 is quite high. In particular, the EMA34 and EMA89 lines are converging and preparing to create a short-term bullish crossover. However, investors should note that if the price reverses and breaks through the bottom of the triangle (below 3,220), the bullish pattern will be negated, and the possibility of a bearish reversal will return. With the geopolitical and economic context still having many uncertainties, gold is holding the upper hand but still needs solid confirmation from price action after the breakout.
OANDA:XAUUSD
by norbanpar
GOLD MARKET UPDATE - BE READY FOR BIG MOVES!🔥 GOLD MARKET UPDATE – FED'S HAWKISH STANCE SHAKES INVESTORS | BE READY FOR BIG MOVES! Gold experienced a sharp drop following the latest hawkish comments from the Federal Reserve, as they reaffirmed that current monetary conditions remain stable and tight. This has caused confusion and panic among many investors, leading to a wave of sell-offs during the U.S. and early Asia sessions. 📉 On the higher timeframes, Gold appears to be forming a bearish flag pattern – a classic consolidation structure before a potential continuation move. Despite the strong bullish momentum seen during the Asian and European sessions yesterday, the key resistance near 325x held firm, preventing any major breakout. For now, Gold seems to be trapped in a new sideways range, and unless price decisively breaks above 325x, we may continue to see choppy price action within this zone. ⚠️ However, if the current selling momentum persists and the price breaks down below the lower trendline support, the bearish flag setup could play out, with up to 80% probability, signaling a potential strong continuation of the downtrend. Traders should stay extremely alert – a major price movement could happen at any moment! 🔑 Key Support Levels: 3205 3294 3280 3262 🔑 Key Resistance Levels: 3244 3262 3278 3286 💹 Scalping Setup – BUY: Entry: 3294–3292 Stop Loss: 3288 Take Profit Targets: 3298 – 3302 – 3306 – 3310 – 3315 – 3320 – 3330 🟢 BUY ZONE: Entry: 3272–3270 Stop Loss: 3266 Take Profit Targets: 3276 – 3280 – 3284 – 3288 – 3292 – 3296 – 3330 🔻 Scalping Setup – SELL: Entry: 3242–3244 Stop Loss: 3248 Take Profit Targets: 3238 – 3234 – 3230 – 3226 – 3220 – 3210 🔻 SELL Zone: Entry: 3276–3278 Stop Loss: 3282 Take Profit Targets: 3272 – 3268 – 3264 – 3260 – 3250 – 3240 📌 Remember to always follow your TP/SL strategy to protect your capital!
OANDA:XAUUSDShort
by MMFlowTrading
1