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GOLD Will the Correction Continue or Will We See a Reversal?GOLD UPDATE – Will the Correction Continue or Will We See a Reversal? 📊 Market Analysis: Yesterday’s sharp decline in gold prices indicates a temporary easing in geopolitical tensions, particularly the ongoing conflict and political issues. It seems that the global environment has become slightly less tense recently, which could be a key factor in the correction we are seeing in gold. From a political and trade perspective, the current price trend appears rational, but it is important to note that nothing is set in stone just yet. Further negotiations are expected, and these could lead to significant agreements. After the sharp drop, gold has managed to find some momentum for recovery, filling liquidity gaps and returning to areas of lower liquidity. 🔍 Current Outlook: At the moment, I’m still expecting a possible rebound in gold, but the best opportunity might be to focus on sell positions for the time being. Yesterday’s plan, although bearish, enabled us to catch key levels for potential buy entries. Today, sell entries might be more favorable than buying. The price is likely to continue adjusting as we await more macroeconomic news, especially regarding the US Federal Reserve’s actions. We’ve seen the Fed avoid Trump’s pressure, and there is speculation that interest rate cuts might be postponed until later in the year rather than mid-year as previously expected. If this is the case, gold could potentially revisit the $3000/oz mark in the near future. 🔮 Short-Term Strategy: For now, we will continue trading according to the market’s correction wave. Sell positions might offer a better risk-to-reward ratio in this environment. We may still see some bounces, but they would likely be short-lived unless we see more positive macroeconomic data. 💡 Key Resistance Levels: 3264 3278 3307 3328 💡 Key Support Levels: 3241 3207 3196 3172 3156 🎯 Trade Setup: BUY SCALP: Entry: 3196 – 3164 SL: 3190 TP: 3200 → 3204 → 3208 → 3212 → 3216 → 3220 BUY ZONE: Entry: 3158 – 3156 SL: 3152 TP: 3162 → 3166 → 3170 → 3174 → 3178 → 3182 → 3190 SELL SCALP: Entry: 3278 – 3280 SL: 3284 TP: 3274 → 3270 → 3266 → 3260 → 3250 → 3240 SELL ZONE: Entry: 3328 – 3330 SL: 3334 TP: 3324 → 3320 → 3316 → 3312 → 3308 → 3300 → 3290 → 3280 📅 Key Event: CPI Announcement Today, we are also expecting the CPI report, a critical piece of data for the month. Be aware that there’s not much to analyze yet regarding this report, but we will update everyone once the data comes out later today. 💼 Risk Management: Given the volatility we’re seeing, proper risk management is essential. Stick to your TP/SL levels to protect your account and avoid unnecessary risks. 📈 Final Thoughts: Gold is currently facing corrections, but with geopolitical tensions easing, it could lead to more stability and potential breakout opportunities. Keep your trades aligned with key levels and macro news. Keep an eye on CPI and adjust accordingly. 💬 Good luck to everyone! Keep your positions safe and be patient for the right opportunities.
OANDA:XAUUSDShort
by MMFlowTrading
Gold Breaks Support Level – The Downtrend May Not StopAfter peaking at $3,500/ounce in April, gold is in a clear correction phase. On the H4 chart, the price has broken through both the EMA34 and EMA89, indicating that a short-term downtrend has been established. The most recent session closed at $3,223, losing nearly $130 in just a few sessions. The sharp decline appeared after a long rally and the peak was rejected many times. The break through the EMA89 support has triggered technical selling pressure, reflecting the psychology of profit-taking after failing to surpass the old peak.
OANDA:XAUUSD
by norbanpar
Gold falls after FED news, cautious buying powerWorld gold prices retreated to $3,370/ounce, down more than $25 from last night's peak. The H4 chart shows a sharp decline that broke through the EMA34, currently testing the EMA89 - a signal that profit-taking pressure is increasing after the previous strong bounce. The FED kept interest rates unchanged in the 4.25% - 4.5% range, as expected. However, Chairman Jerome Powell's "wait and see" statement made investors pause buying gold due to concerns that prolonged high interest rates will continue to put pressure on non-yielding assets like gold. In addition, the rise in international stocks and China's money pumping policy have reduced the attractiveness of this safe haven.
OANDA:XAUUSD
by norbanpar
GOLD PRICE PLUNGES ON WEEKLY OPEN RETRACEMENT OR NEW BEAR TREND?📉 GOLD PRICE PLUNGES ON WEEKLY OPEN – RETRACEMENT OR NEW BEAR TREND? Gold started the week with a sharp gap down, breaking below key levels after weekend developments signaled easing geopolitical tensions and positive progress in US-China trade talks. This calm has dampened safe-haven demand, triggering an aggressive selloff in early Asian hours. 🔍 Technical Outlook – M30 Parallel Channel Gold is currently respecting a descending parallel channel on the M30 chart. Price is pushing lower and has yet to fill the weekend’s gap around the 3326–3328 zone. This remains a critical Key Level for any potential short-term recovery. 🗓️ This Week’s Macro Focus Traders should brace for high volatility as the US economic calendar is packed with top-tier releases: Tuesday: CPI (Consumer Price Index) Thursday: PPI (Producer Price Index) Thursday Night: Fed Chair Powell speaks Meanwhile, ongoing tariff policy updates and geopolitical headlines will continue to stir price action unpredictably. 📌 Trading Bias For now, the dominant trend is bearish. Unless we see a strong bullish reversal pattern or key breakout confirmation, the preference remains selling on rallies. Only if buyers reclaim control around the gap zone (3326–3328) should we look for long setups. 🔺 Key Resistance Levels: 3288 – 3308 – 3328 🔻 Key Support Levels: 3262 – 3246 – 3236 – 3200 🎯 Trade Setups 🔵 BUY ZONE: 3246 – 3244 SL: 3240 TP: 3250 → 3254 → 3258 → 3262 → 3266 → 3270 → 3280 🔴 SELL ZONE: 3326 – 3328 SL: 3332 TP: 3322 → 3318 → 3314 → 3310 → 3305 → 3300 🔴 SELL SCALP: 3306 – 3308 SL: 3312 TP: 3300 → 3296 → 3290 → 3286 → 3282 → 3278 → 3270 ⚠️ Final Thoughts Gold remains highly reactive to macro news and liquidity traps, especially with so many risk events this week. Trade with caution, follow your TP/SL rules, and stay flexible with your strategy. The market may deliver unexpected volatility—manage your risk smartly. 🟡 Let price guide you — not emotions. 🚨 Stay disciplined. Stay profitable.
OANDA:XAUUSDShort
by MMFlowTrading
USDCAD (4H) Technical Analysis Long setupPair: USD/CAD Timeframe: 4H Bias: Bullish Structure: Falling Wedge Breakout → Bullish Continuation Current Price: ~1.3937 📐 Chart Breakdown 1. Falling Wedge Formation (Bullish Reversal Pattern) Price was consolidating inside a falling wedge, typically a bullish reversal structure. Breakout to the upside confirms buyer strength after a period of compression. 2. Breakout + Retest Setup Clean breakout above the wedge has occurred. Price is currently forming a small bullish flag (or consolidation), likely preparing for a retest of the breakout zone around 1.3856 before continuation. 3. Clean Bullish Imbalance Above The large bullish candle created imbalance above, increasing the probability of a liquidity-driven move up. 4. Higher Timeframe Target Zones (Key Supply) 1st Target: 1.4150 (previous support turned resistance) 2nd Target: 1.4280 (major horizontal resistance) Final Target: 1.4520 (multi-week supply zone) 🧾 Trade Plan – Long Setup Entry Zone Stop Loss Take Profit Targets Risk:Reward 1.3860–1.3885 (retest of wedge) 1.3750 (below last swing low) 1.4150, 1.4280, 1.4520 1:3 to 1:5+ ✅ Confluences Supporting the Long Bias Confluence Details ✅ Falling Wedge Pattern Price broke out from bullish wedge. ✅ Retest Setup Pullback expected before continuation. ✅ Bullish Market Structure Higher highs forming post-breakout. ✅ Clean Liquidity Above Fewer obstacles on the way to major targets. ✅ Strong Demand Zone Below Buyers stepped in around 1.3750–1.3850. 🚫 Invalidation If price breaks below 1.3750, bullish setup fails. Close below wedge base may invite deeper bearish pressure. 📊 Trade Management Tips Enter on bullish candle at retest zone. Scale out profits at 1.4150, then 1.4280, let partials run to 1.4520. Use trailing SL after price hits first TP for a risk-free runner.
Long
by Trade_With_Niraj
EURUSD 4H chart - Short Setup🔍 Chart Overview Pair: EURUSD Timeframe: 4H Pattern Identified: Head & Shoulders (bearish reversal pattern) Trendline: Broken — signals end of previous uptrend Market Structure: Lower highs forming → beginning of a downtrend 📉 Bearish Trade Setup 1. Entry Zone Marked just below the broken trendline and neckline of the Head & Shoulders. Entry: ~1.12450–1.12500 Price has already broken below neckline → confirming the pattern. 2. Stop Loss (SL) Placed above the right shoulder, around 1.14096. Smart placement as a break above would invalidate the Head & Shoulders pattern. It also covers any minor retracement into the supply zone. 3. Take Profits (TP) 1st TP: ~1.09000 zone 🔹 This zone acted as previous structure support 🔹 Good area to book partials or move SL to breakeven 2nd TP: ~1.03258 🔹 Long-term target 🔹 Based on major previous demand zone visible on the left (possibly from daily chart) 🔻 Technical Analysis ✅ Bearish Confirmation Head and Shoulders formation: Reliable trend reversal signal Break of Trendline: Confirms the structure has shifted Break of neckline: Entry confirmation Retest of neckline/structure: Entry after confirmation makes it safer 🔎 Confluences Confluence Result Head & Shoulders ✅ Strong reversal pattern Break of trendline ✅ Indicates shift in trend Break + Retest of neckline ✅ Classic confirmation Entry after confirmation ✅ Higher probability SL above right shoulder ✅ Strategic placement TP levels at structure & demand ✅ Logical TP zones 🛡️ Risk to Reward (RRR) RRR is very favorable, roughly: 1st TP ≈ 1:2 2nd TP ≈ 1:4 or higher A well-planned swing trade 📌 Final Recommendation ✅ This is a clean swing trade setup based on price action, pattern, and structure shift. 🔄 Consider partial close at 1st TP and trail SL. 🧠 Maintain discipline on SL—if price violates the right shoulder, exit.
Short
by Trade_With_Niraj
Institutional Trading part 5Institutional traders are defined as traders who engage in the buying and selling of securities for the accounts that they manage for any institution or a group of people. Some of the most common examples of institutional traders are mutual funds, pension funds, insurance companies, and exchange-traded funds. These institutional traders are capable of investing in securities that are generally not available for retail traders. These securities include both swaps and forwards
NSE:TATAMOTORSEducation
by SkyTradingZone
10
BHARAT FORGE LTDAs of May 9, 2025, Bharat Forge Ltd. (NSE: BHARATFORG) closed at ₹1,165.60. Below are the key monthly support and resistance levels based on various technical analyses: 📊 Monthly Support & Resistance Levels Standard Pivot Points Pivot Point: ₹1,215.77 Support Levels: S1: ₹1,067.43 S2: ₹955.87 S3: ₹807.53 Resistance Levels: R1: ₹1,327.33 R2: ₹1,475.67 Fibonacci Levels Pivot Point: ₹1,067.43 Support Levels: S1: ₹968.15 S2: ₹906.82 S3: ₹807.53 Resistance Levels: R1: ₹1,166.72 R2: ₹1,228.05 R3: ₹1,327.33 Camarilla Levels Pivot Point: ₹1,067.43 Support Levels: S1: ₹1,080.38 S2: ₹1,056.55 S3: ₹1,032.73 Resistance Levels: R1: ₹1,128.02 R2: ₹1,151.85 R3: ₹1,175.67 Woodie's Levels Pivot Point: ₹1,076.62 Support Levels: S1: ₹974.25 S2: ₹816.72 Resistance Levels: R1: ₹1,234.15 R2: ₹1,336.52 Demark Levels Pivot Point: ₹1,141.60 Support Level: S1: ₹881.70 🔍 Observations The stock is currently trading near the Fibonacci R1 level of ₹1,166.72, indicating potential resistance. The Camarilla R2 level at ₹1,151.85 has recently been surpassed, suggesting bullish momentum. Key support levels to monitor include ₹1,067.43 (Standard S1) and ₹1,056.55 (Camarilla S2).
NSE:BHARATFORGLong
by TechnicalExpress
GOLD – BREAKOUT OR TRAP BEFORE THE WEEKEND?📊 GOLD – BREAKOUT OR TRAP BEFORE THE WEEKEND? The gold market is showing significant liquidity sweeps this Friday. In the early Asian session, price pushed down to the 327x region, collecting liquidity, before swiftly rebounding. On the M30 chart, multiple Fair Value Gaps (FVGs) have formed and been filled — signaling accumulation and potential setup for a major move. 📉 Technical Perspective: Gold has been moving within a parallel descending channel since yesterday. However, during the late Asian session, we saw the first signs of a possible breakout. If the candle closes above 3,324, this could confirm a breakout — at which point an early BUY entry on the retest would be ideal. 🔥 Fundamental Notes: The market remains highly sensitive to geopolitical news, especially tensions between nations and potential tariff announcements from Donald Trump regarding China. In this climate, trading based on key level reactions is safer than predicting direction. The zones 3,324 and 3,366 will be crucial decision points for bulls and bears. A breakout above 3,366 could shift the short-term trend bullish. 🔺 Key Resistance Levels: 3,345 3,364 3,395 🔻 Key Support Levels: 3,280 3,270 3,256 3,244 3,225 📈 Trade Setup – Friday Strategy: 🔵 BUY ZONE: Entry: 3,280 – 3,278 Stop Loss: 3,274 Take Profits: 3,285 → 3,290 → 3,295 → 3,300 → 3,305 → 3,310 → 3,320 🔴 SELL ZONE: Entry: 3,364 – 3,366 Stop Loss: 3,370 Take Profits: 3,360 → 3,356 → 3,352 → 3,348 → 3,344 → 3,340 → 3,330 ✅ Final Note: Fridays often bring sharp liquidity grabs. Stay cautious, especially with heightened geopolitical tension and pending policy statements from global leaders. Always respect your TP/SL zones to protect your capital. 📌 Let price lead. React to structure. Avoid chasing noise. Wishing all traders a safe and profitable end of the week!
OANDA:XAUUSDLong
by MMFlowTrading
1