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Technicalanalytic

Gold waits for breakout.Negotiation succeeds → Gold breaks down. Negotiation fails → Gold breaks above 5205. Gold retested the 5200 area overnight and pulled back, but it is still holding at elevated levels → the uptrend is not broken. Price is consolidating within the H1 range of 5205–5145. Repeated upper and lower wicks signal strong tug-of-war between buyers and sellers as the market awaits the outcome of the U.S.–Iran negotiations. The key variable is the negotiation result: positive progress may trigger a short-term pullback, while failure could spark a breakout. The U.S. economic message prioritizing domestic growth suggests a potentially stronger USD → creating short-term downside pressure on gold, but not yet reversing the broader trend. Support levels: 5172, 5150, 5120, 5100, 5090, deeper at 5050–5000. Resistance levels: 5205, 5225, 5235, 5245, 5255. Current strategy: trade the H1 range boundaries, scalp around 5172 within the range; follow whichever side breaks. Keep tight stop losses, avoid anticipation trades, and prioritize reaction to news and price structure.
TVC:GOLDLong
by Chum_trades
Negotiation or conflict? 5300 or 5000?1️⃣ Price Action Gold recently made a strong rally of more than 100 points, followed by a sharp pullback with clear profit-taking pressure. Currently, price is fluctuating around the 516x area and showing signs of consolidation within a narrow range after the strong volatility move. 2️⃣ Market Context The main focus at the moment is the US – Iran negotiations. Military actions (ballistic missiles, aircraft carriers…) are being used as strategic tools to apply pressure during the negotiation process. Just one strong headline or an escalation in tensions → gold could react very aggressively. 📌 At this stage, geopolitical news is the primary driver of price behavior. 3️⃣ Trend & Structure Main trend: Still bullish. Short-term: Corrective phase with potential sideways movement within a tight M15 range. 4️⃣ Key Levels Support: 5140 – 5121 – 5100 – 5090 – 5050 – 5023 – 4980 – 4960 Resistance: 5192 – 5200 – 5250 – 5290 – 5300 5️⃣ Current Consolidation Range (M15) Upper boundary: 5194 – 5200 Lower boundary: 5140 – 5160 📌 Price may continue consolidating within this range before a breakout. 6️⃣ Main Scenarios 🔹 If price holds above 5140 → bullish structure remains valid → targets 5250 – 5290 – 5300. 🔹 If price clearly breaks below 5140 → short-term structure weakens → potential expansion toward 5100 – 5050 – 5000. 7️⃣ Strategy Buy at support with confirmation. Sell at resistance with rejection signals. Avoid trading in the middle of the range. 8️⃣ Notes The market is currently driven by news → fast and deep volatility is possible. Always define Entry – SL – RR clearly. Strict risk management. Do not leave stops loose. Avoid FOMO on headline spikes. This is a personal view for reference only. Wishing everyone an effective trading day.
OANDA:XAUUSDLong
by Chum_trades
1
GOLD before US Jobs & Inflation Data: Key Scenarios?🌍 Macro Context & Market Expectations This week, the market is closely focused on: US employment data US inflation data (CPI / PCE) Additionally, traders are monitoring: Developments in US–Iran negotiations US Supreme Court rulings related to trade tariffs → These factors may amplify short-term volatility, especially around key technical levels. 📈 Trend & Market Structure Medium-term trend: BULLISH Price has rebounded strongly from the ~4,700 low to around 5,04x Last week printed a bullish Hammer candle, confirming long-term buying interest On the H12 timeframe, the A–B–C corrective structure is not yet complete Short term: price is consolidating within a tightening range, waiting for a clear breakout 🔑 Key Price Levels 🟢 Support: 5,000 | 4,950 | 4,930 | 4,850 | 4,700 | 4,650 🔴 Resistance: 5,050 | 5,095 | 5,100 | 5,110 | 5,200 | 5,300 🎯 Primary Scenarios ✅ Bullish continuation Price holds above 4,930 and breaks decisively above 5,050 → Potential upside toward 5,095 – 5,100, and further to 5,200 – 5,300 ❌ Failed breakout / Pullback Price fails to clear 5,050 and closes below 4,930 → Likely correction toward 4,850, with deeper pullback to 4,700 – 4,650 🧭 Trading Strategy Prioritize buy-the-dip opportunities in line with the trend Avoid counter-trend shorts unless clear reversal signals appear at resistance Stay patient and avoid FOMO — only trade when risk–reward is clearly defined
TVC:GOLDLong
by Chum_trades
GOLD before US Jobs & Inflation Data: Key Scenarios?🌍 Macro Context & Market Expectations This week, the market is closely focused on: US employment data US inflation data (CPI / PCE) Additionally, traders are monitoring: Developments in US–Iran negotiations US Supreme Court rulings related to trade tariffs → These factors may amplify short-term volatility, especially around key technical levels. 📈 Trend & Market Structure Medium-term trend: BULLISH Price has rebounded strongly from the ~4,700 low to around 5,04x Last week printed a bullish Hammer candle, confirming long-term buying interest On the H12 timeframe, the A–B–C corrective structure is not yet complete Short term: price is consolidating within a tightening range, waiting for a clear breakout 🔑 Key Price Levels 🟢 Support: 5,000 | 4,950 | 4,930 | 4,850 | 4,700 | 4,650 🔴 Resistance: 5,050 | 5,095 | 5,100 | 5,110 | 5,200 | 5,300 🎯 Primary Scenarios ✅ Bullish continuation Price holds above 4,930 and breaks decisively above 5,050 → Potential upside toward 5,095 – 5,100, and further to 5,200 – 5,300 ❌ Failed breakout / Pullback Price fails to clear 5,050 and closes below 4,930 → Likely correction toward 4,850, with deeper pullback to 4,700 – 4,650 🧭 Trading Strategy Prioritize buy-the-dip opportunities in line with the trend Avoid counter-trend shorts unless clear reversal signals appear at resistance Stay patient and avoid FOMO — only trade when risk–reward is clearly defined
TVC:GOLDLong
by Chum_trades