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(XAU/USD) TECHNICAL ANALYSIS OF GOLDGold Price Are Near to previous lows. We can also see a stucture change in 4760 levels which is our new higher highs. If it is the true structure change then the current lows(4547-4585) can act as higher lows. As long as the prices are above 4512 we can see bullish move till 4900-5000. The moment we see closing of candle in larger timeframe under 4500 it can fall futher more to downside. 4500 is currently acting as a higher low in larger time frame.. is standing in strong levels. *I am sharing my idea for first time here.. feel free to ask me anything and correct me if i'm wrong. My analysis is little too short i'll try my best to explain in more simplied way next time.*
OANDA:XAUUSDLong
by NOESIS_CAPITAL
2
Market Analysis Summary: XAUUSD (Gold Spot)1. Structural Context & Trend Shift Timeframe Focus: 2-Hour (2H) chart. Recent Price Action: Gold experienced a strong bullish rally from May 5 to May 12, creating a well-defined consolidation block (gray shaded area). 2. Key Technical Levels Current Price: $4,567.52 (-1.82%). Immediate Support: The "Reversal Area" is identified between $4,535.00 and $4,550.00. Critical Liquidity Level: The "Volume Burst" line marks major historical buying liquidity near $4,500.00. Key Resistance: Previous structural breakdown point at $4,635.00. 3. Trading Scenario Breakdown Condition: Price must find structural stability and print a bullish confirmation pattern (e.g., engulfing candle, pin bar) inside the designated Reversal Area ($4,535 – $4,550). Target: A technical bounce targeting the $4,635 resistance zone.Invalidation: A clean 2H candle close below $4,530 invalidates the immediate long bias. Bearish Scenario (Trend Continuation) Target: Extension lower to sweep the critical Volume Burst liquidity level near $4,500.
FOREXCOM:XAUUSDLong
by Prajwal_Bu
1
XAGUSD Pullback Into Major Demand ZoneSilver faced a sharp rejection after failing to sustain above the ascending channel resistance, leading to strong bearish momentum across the market. Price has now entered a key support and demand zone near 77.00, where buyers may attempt to regain control. The current area is acting as an important decision point. If support holds and bullish reaction appears, XAGUSD could recover toward the 80.00 and 82.80 resistance levels. However, a confirmed breakdown below the support zone may extend the bearish move toward the 72.00 major demand area.
OANDA:XAGUSDLong
by ProfitPro666
The 90 Day Mission That Will Change Your Trading ForeverIf you feel like you’ve been learning forever but your account still isn’t growing, or you keep taking losses, this post is for you. Trading isn’t about luck – it’s a skill, and it can be trained with a clear plan. Welcome to the “90 Day Trading Mission” – a 90-day journey to turn your trading from emotional and random into systematic, disciplined, and truly profitable. 1️⃣ Days 1–30: Build the Foundation Risk Management: Determine the capital you can afford to lose and always set proper stop-losses . Understand Your Market: Track your chosen asset or pair daily and note key support , resistance , and price reactions. Focus on One Strategy: Don’t jump from strategy to strategy. Choose a setup you understand and master it. ✅ Goal for 30 days: Know exactly how to manage risk and identify quality setups before entering trades. 2️⃣ Days 31–60: Practice and Record Keep a Trading Journal: Record every trade, entry reasons, risk level, outcome, and emotions. Test Your Strategy in Real Conditions: Use small position sizes to validate your chosen setup. Monitor Your Emotions: Do you revenge trade after losses? Do you over-leverage after wins? ✅ Goal for 60 days: Learn to control emotions, execute strategy with discipline, and avoid emotional decisions. 3️⃣ Days 61–90: Refine and Expand Evaluate Results: Review your journal, identify strengths and weaknesses, and adjust your setup. Gradually Increase Position Size: Once your strategy is stable, you can scale safely. Develop Strategic Habits: With enough discipline, following your system becomes second nature. ✅ Goal for 90 days: Turn your strategy into a habit, trade systematically, and start seeing sustainable profits. 🔑 Key Takeaways • Trading isn’t about luck; it’s a skill. • 90 days is enough to build a foundation, develop discipline, and create a trading system. • Discipline + System + Risk Management = Long-term survival and sustainable profits. Start Today: Pick the asset or pair you know best, write down your 90-day plan, and commit to it. When you complete the 90 days, your approach to trading will change forever . Comment “I’m in 🚀” if you’re ready to start this 90-day mission!
OANDA:XAUUSDEducation
by Louna_
XAUUSD: Watching for a bounce from the support zone toward 4,650Currently, XAUUSD is testing a key support zone, a level that has previously triggered strong bullish reactions. Recent price action suggests that buyers may step in, pushing the price higher. A confirming bullish signal, such as a strong rejection pattern, a bullish engulfing candle, or a long lower wick, would increase the likelihood of a bounce from this level. If buyers regain control, the price could move toward the 4,650 area. Conversely, if price breaks below this support zone, the bullish outlook would be invalidated, opening the door for a potential further decline. This is not financial advice, but simply how I approach support and resistance zones. Always wait for confirmation, such as rejection candles or a spike in volume, before entering a trade. Please share this post – every like and comment encourages me to bring you more ideas! I’d love to hear your thoughts in the comments. Wishing you successful and profitable trading!
OANDA:XAUUSDLong
by Louna_
XAUUSD Bearish Continuation | H4 Order Block Rejection Targets ?H4-OB (Order Block) Rejection: Price recently tapped into a 4-hour bearish order block (highlighted in the grey/green box) and was swiftly rejected, showing that sellers are still in control. BSL Cleared: Buy Side Liquidity (BSL) was hunted before the rejection, providing the necessary fuel for a move lower. Market Structure: We see consistent Break of Structure (BOS) to the downside, confirming the bearish trend. Liquidity Void: There is significant Sell Side Liquidity (SSL) resting at the 4,640 level, marked by the previous swing lows ($$$). The Setup: I am looking for a continuation of this bearish momentum. The path of least resistance is toward the lower boundary of the channel. Entry Zone: Current price area (approx. 4,670) or a slight pullback to the midline of the channel. Primary Target: 4,640 (SSL / Major Support). Stop Loss: Above the recent swing high of the H4-OB (approx. 4,710+).
GBEBROKERS:XAUUSDShort
by fx_martin9
XAUUSD 4H Analysis - ICT Liquidity PerspectiveXAUUSD 4H Analysis — ICT Liquidity Perspective Gold appears to be shifting bearish after sweeping external liquidity near the 4740–4772 region. The market engineered a sell-side liquidity raid followed by bearish displacement and a market structure shift near 4613. Current observations: • Lower highs forming after liquidity sweep • Bearish displacement confirms selling pressure • Buy-side liquidity resting near 4508 • Potential continuation lower if current low breaks decisively Scenario: As long as price remains below the premium zone and fails to reclaim the highs, the probability favors continuation toward resting liquidity below. Key Levels: Short Target Level Reason T1- 4508(Internal buy-side liquidity) T2- (4450–4435 Next imbalance/discount zone) T3(4380–4360 External liquidity + HTF draw) Invalidation: A strong reclaim above the liquidity sweep highs would weaken the bearish thesis. This is not financial advice, purely a market structure and liquidity-based view.
OANDA:XAUUSDShort
by himanshulinks
1
The 3% Rule – The Secret to Transforming Your Trading CareerHello traders! Today I want to share with you a super simple rule that can completely transform your trading career : the 3% Rule . Have you ever heard “risk management is king” but didn’t know where to start? Here’s how you can apply it today. 1️⃣ What is the 3% Rule? The 3% Rule states that on any single trade, you should never risk more than 3% of your total account equity . For example, if you have a $10,000 account, the maximum loss you should take on any trade is $300 . No more. No less. It sounds simple, but this principle helps you protect your capital, stay calm, and avoid major shocks when the market reverses . 2️⃣ Why is it important? • Protect your capital : New traders often chase “big profits fast” and take excessive risk. Losing too much on one trade can crush your confidence and lead to a losing streak. • Build discipline : Following the 3% rule forces you to plan each trade, set stop losses, and avoid emotional chasing of tops or bottoms. • Control emotions : With small risk per trade, you won’t panic when the market moves against you, enabling smarter decision-making. 3️⃣ How to apply it on a chart Determine your account and 3% risk : e.g., $5,000 account → max risk $150 per trade. Set a stop loss : Based on support/resistance or ATR (Average True Range). Calculate position size : Use the formula Position Size = Max Risk / (Entry – Stop Loss) to know how many units to trade. Stick to the rule : If price moves against you, execute the stop loss . Never move it further to “save the trade.” Example on USD/JPY: buy @145.50, stop loss @145.20. Difference 30 pips, $10,000 account → max risk $300 → calculate proper lot size using 3% rule. 4️⃣ Combine with psychology and money management The 3% Rule isn’t just a number. It’s a lesson in patience, discipline, and emotional control . Successful traders stick to it through hundreds or thousands of trades , helping them survive volatile markets. Quick tips: • If on a losing streak, don’t increase position size to “catch up.” 3% is still 3%. • When profits grow, consider reducing risk to 1–2% to protect capital. • Keep a trading journal and review each trade to see how this rule stabilizes your performance.
OANDA:XAUUSDEducation
by Louna_
XAUUSD | The Big Meltdown: Bears In Control Post-CPILast week (ending Friday, May 15, 2026) was a highly volatile and decisively bearish week for XAU/USD, with gold dropping by roughly 4% overall to close near the $4,546 level. The market experienced a massive structural shift, breaking out of its recent consolidation zone and giving up significant ground due to a combination of high-impact macroeconomic data and geopolitical factors. Here is a breakdown of exactly what went down on the charts and the fundamentals last week: 1. The Fundamental Drivers (Why it melted) The "Hot Inflation" Triple-Threat: The primary catalyst for the sell-off was a series of hot US inflation prints throughout the week: CPI on Tuesday, PPI on Wednesday, and Import Prices on Thursday. Import prices specifically showed the largest monthly increase in four years, driven heavily by rising fuel costs. Fed Rate Cuts Priced Out: These back-to-back sticky inflation metrics completely crushed any lingering market hopes for Federal Reserve rate cuts in 2026. Instead, the market began aggressively pricing in a "tighter-for-longer" monetary policy, with some traders even starting to bet on a potential rate hike by December. Surging US Dollar & Yields: As rate cut expectations evaporated, the U.S. Dollar Index (DXY) went on a multi-day tear, clearing the 99.00 mark. Concurrently, the US 10-Year Treasury yield surged to a one-year high of 4.53%. This combination heavily pressured non-yielding bullion. The Oil & Middle East Factor: Ongoing tensions in the Middle East and disruptions around the Strait of Hormuz kept global crude oil prices highly elevated. Because higher energy prices feed directly back into inflation, this macro loop fundamentally worked against gold's favor last week. 2. Technical Price Action & Key Levels Hit The Weekly Range: Gold started the week attempting a brief bullish recovery, opening on Monday near $4,683 and pushing to a weekly high of $4,773.83 on Tuesday. However, the bears took absolute control post-CPI. The Friday Acceleration: Friday, May 15th, saw the ultimate capitulation phase. In a single session, XAU/USD covered a massive $153 intraday range, plummeting from an early high of $4,665.45 down to a low of $4,512.16, before staging a minor oversold technical bounce to close the week around $4,546.60. Market Structure Shifts: The price failed to overtake the 50-day moving average ($4,729) and key structural resistance at $4,744. It cleanly broke below the short-term demand/retracement zone of $4,637 – $4,605, triggering heavy stop-losses and momentum selling. The market found temporary daily support near the long-term 61.8% Fibonacci retracement level at $4,541.88. Summary of Daily Closes (Spot Gold) Monday (May 11): $4,735.27 (+0.93%) — Early week optimization Tuesday (May 12): $4,715.27 (-0.42%) — CPI turns the bias Wednesday (May 13): $4,688.63 (-0.56%) — PPI adds downside pressure Thursday (May 14): $4,652.25 (-0.78%) — Import data breaks structural range Friday (May 15): $4,546.60 (-2.27%) — Full liquidation/acceleration down to $4,512 support What to Watch Next The short-term bias is solidly in the hands of the bears, with the Relative Strength Index (RSI) on lower timeframes sitting deep in oversold territory (around 27). Going into next week, the $4,500 – $4,540 zone is the critical line in the sand. Holding above it might give room for a minor corrective pullback, but if $4,500 breaks cleanly, the market structure opens up the path toward $4,480 and $4,400.
TVC:GOLD
by The-AI-Gold-Strat-Master
XAUUSD Weekly Outlook: Hunting for the Next Order BlockXAUUSD Technical Analysis: Key Breakout Zones Based on the levels provided, the market is currently established within a significant trading range. Breaking these boundaries suggests a shift in momentum that could lead to extended moves toward your targets. 1. Bullish Scenario: The Break of $4,764 If the price sustains a breakout above the $4,764 resistance level, it signals a strong bullish continuation. Target: $4,799 Analysis: This move would likely be driven by a breach of a major supply zone or a reaction to dovish macroeconomic data (e.g., lower-than-expected inflation or a Fed pivot). Trading Strategy: Look for a "Break and Retest" on the 15m or 1h timeframe. If $4,764 flips from resistance to support, the path to $4,799 becomes the high-probability trade. 2. Bearish Scenario: The Break of $4,666 If the price falls and closes below the $4,666 support level, the technical bias shifts toward a deeper correction. Target: $4,632 Analysis: A break here suggests that the "Smart Money" is liquidating long positions or that a "Change of Character" (CHoCH) has occurred on the higher timeframes. This level likely sits just below a significant demand block; once cleared, there is often a "liquidity void" down to $4,632. Trading Strategy: Watch for a clean bearish candle close below $4,666. Using Fibonacci retracements, you may find that $4,632 aligns with a key extension level (like the 1.272 or 1.618). Key Market Variables to Watch To validate these moves, keep a close eye on the following: DXY (US Dollar Index): An inverse correlation is standard. If the DXY breaks lower, it will provide the fuel needed for the move toward $4,799. Yields: Rising 10-year Treasury yields typically put pressure on gold, making the $4,632 target more likely. Order Blocks: Check for unmitigated supply/demand zones near $4,764 and $4,666. These "institutional footprints" often dictate whether a break is genuine or a "fakeout" (Liquidity Grab). Note: Ensure you are looking at the Daily or 4H candle close for confirmation of these breaks. Intraday "wicks" above or below these levels without a solid close often lead to reversals rather than hitting the targets.
FX:XAUUSD
by The-AI-Gold-Strat-Master
XAUUSD: Intraday Buy Setup at 4650| Target 4660 ResistanceXAUUSD Intraday Analysis The 4650 zone has emerged as a significant structural pivot. After a period of compression following recent volatility, price action is showing signs of stabilizing above this psychological level, suggesting a potential "launchpad" for a move toward immediate resistance. Technical Breakdown Entry Zone ($4650): This level aligns with a previous Fair Value Gap (FVG) and an institutional demand zone on the H1/H4 timeframes. We are seeing a "false breakdown" structure where price swept liquidity below 4645 but failed to sustain bearish momentum, confirming buyers are defending this area. Market Structure: Following a recent CHoCH (Change of Character), the 4H trend has shifted from bearish to a constructive recovery phase. Price is currently forming higher lows, indicating a buildup of bullish pressure. Target Resistance ($4660): This is the immediate intraday ceiling. A successful break and hold above 4660 would clear the path for an extension toward the 4680–4700 psychological levels. Indicators: RSI (14): Currently hovering near 47 (Neutral), leaving ample room for an upward move before reaching overbought territory. Moving Averages: Price is testing the MA5 (4701) from below; a push toward 4660 will be the first step in reclaiming short-term trend control. Market Sentiment & Macro Drivers The market is currently in a "wait-and-see" mode ahead of upcoming PPI data. A weaker USD or any signs of cooling inflation would act as the catalyst needed to propel Gold through the 4660 resistance. Conversely, if 4650 fails to hold on a closing basis, we may see a rotation back toward the deeper 4580 support zone. Risk Note: High volatility is expected during US session opens. Ensure your position sizing accounts for sudden spreads. Always wait for a bullish engulfing candle or a strong rejection wick on the 15M chart for final entry confirmation.
TVC:GOLD
by The-AI-Gold-Strat-Master
XAUUSD - Buyers Still Hold the Key ZoneThe price had previously been moving within a clear downward channel, indicating strong control from the sellers over a prolonged period. However, after reacting strongly at the lower support zone, XAUUSD formed a reversal pattern and then broke above the BOS zone, signaling a shift in market momentum. After a strong upward move, the price is currently consolidating and adjusting around the nearest support zone. This is a critical area, as if the buyers continue to protect this zone, the short-term bullish structure will remain intact. Currently, I am monitoring the possibility that the price will test the buy zone around the support area before continuing to rise. If this zone holds, the price could target the first objective around TP1, followed by a higher target near TP2 / 4,775. Today's strategy is to expect the price to hold above the current support zone and rebound. However, if the price breaks below this support zone, the bullish scenario would weaken, and we would need to observe the next market reaction.
OANDA:XAUUSDLong
by Louna_
Gold Compressing Inside Triangle Before Major BreakoutXAUUSD is trading inside a symmetrical triangle after facing strong rejection from the resistance zone. Price continues to form lower highs while buyers defend the rising trendline support, creating a compression structure that often leads to a sharp breakout move. The weak high near resistance suggests seller activity remains strong in the premium supply area. However, support around 4,680 – 4,690 is still holding, preventing deeper bearish continuation for now. A breakout above the descending trendline could push gold back toward the 4,760 resistance and potentially higher. On the downside, a breakdown below trendline support may trigger bearish momentum toward lower support zones. Overall, the market is in consolidation mode, and traders should wait for breakout confirmation before expecting the next impulsive move.
OANDA:XAUUSD
by ProfitPro666
XAUUSD 1H: Bearish Pressure Building Below Key ResistanceGold continues to trade under strong resistance after failing to reclaim the bearish FVG zone on the 1H timeframe. Price is currently consolidating below the supply area while showing weak bullish continuation, suggesting that sellers are still maintaining short-term control. The repeated rejection from the 4700–4720 region highlights a lack of buying strength, while market structure continues to respect lower highs and internal bearish pressure. The projected path suggests a possible liquidity grab to the upside before continuation toward lower targets. If sellers maintain control below the highlighted FVG resistance, the market could rotate lower toward the key support and liquidity zones around TP-1 and TP-2. Key Technical Observations: • Bearish FVG remains unfilled • Multiple rejections below resistance • Weak bullish momentum inside consolidation • Potential liquidity sweep before expansion lower • Sell-side targets resting near recent lows As long as price remains below the bearish imbalance zone, downside continuation remains the higher probability scenario on the H1 structure. Wait for confirmation and manage risk carefully in volatile conditions.
FOREXCOM:XAUUSDShort
by Leo_fx11
XAU/USD: The Spring is Coiled – Watch These 2 Levels!As of May 14, 2026, XAU/USD is navigating a high-compression phase, currently trading near the $4,685 – $4,700 range. The market is at a critical junction, showing a neutral-to-consolidative tone with a slight bullish bias, as price action forms a symmetrical triangle on the 4-hour chart. Current Technical Signals Structure: Price is currently coiled within a tight compression triangle. A decisive breakout in either direction is expected soon. Momentum: Indicators like the RSI (14) are hovering around the 50 level, confirming a lack of immediate directional momentum. The MACD is slightly negative but contracting, suggesting that selling pressure may be easing. Trend: While the long-term trend remains bullish (trading above the 200-period MA), the short-term view is range-bound between the $4,640 support and $4,720 resistance. Market Sentiment & Drivers Geopolitics: High volatility is expected following the Trump-Xi meeting, specifically regarding trade progress and geopolitical tensions. Macro Data: Markets are pricing out US interest rate cuts for the remainder of 2026 due to "sticky" inflation data, which is providing strength to the US Dollar and limiting Gold's upside potential. India Factor: Recent hikes in Indian bullion import tariffs are slightly weighing on demand from one of the world's largest gold consumers. Trading Insight: Many analysts suggest waiting for a "liquidity sweep" or a confirmed candle close above $4,712 (bullish) or below $4,640 (bearish) before entering high-lot positions, as the current sideways movement often leads to false breakouts.
TVC:GOLD
by The-AI-Gold-Strat-Master
GOLD WEEKLY PLAN | 48XX–49XX MAY SET GOLD'S TRENDLast week clearly reflected a “recovery under uncertainty” phase for gold. Despite continuous support from economic news and expectations of a softer FED stance, gold still failed to build a strong enough bullish structure to shift the long-term macro view. Most of the recent upside came from short-term reaction flows driven by news rather than a strong return of long-term safe-haven capital as seen in previous phases. My broader macro perspective remains unchanged: the market is gradually entering a phase of weakening liquidity and fading speculative momentum. As investors become more accustomed to recession headlines and macro fears, the “fear-buy” effect supporting gold also starts to weaken. This suggests that while gold may continue recovering in the short term, the larger structure still favors distribution and potential moves back toward lower price zones. This week, the main focus will be on US CPI, PPI, and Retail Sales data. These releases could heavily influence expectations regarding future FED policy. If inflation remains elevated or retail sales data surprises positively, the USD could regain strength and pressure gold after the recent recovery rally. On the other hand, weaker economic data may continue supporting gold in the short term as markets price in a softer FED outlook. From a technical structure perspective, gold is still moving within a short-term recovery channel after forming a CHoCH from the lower support zone. Price continues to respect the support + Fibonacci regions below while gradually approaching the major liquidity zone around 48xx–49xx. This remains the key area of the entire structure, where demand, Fibonacci levels, and the larger descending trendline converge. MAIN SCENARIO: Gold continues maintaining its short-term recovery structure, gradually moving toward the 48xx–49xx zone. If economic data weakens further and USD pressure continues fading, gold could perform additional liquidity sweeps into the upper demand zones before the market decides the next major directional move. ALTERNATIVE SCENARIO: If CPI/PPI data comes in stronger than expected or markets return to pricing a “higher for longer” FED narrative, gold could face strong rejection around the 48xx–49xx area and rotate back toward lower support + Fibonacci zones. This remains the preferred observation area for longer-term sell opportunities based on the current macro perspective. Overall, gold remains inside a technical recovery phase, but the 48xx–49xx region will likely determine whether the market can sustain a broader recovery or return to the longer-term bearish pressure driven by the larger macroeconomic slowdown narrative. LucasGrayTrading
OANDA:XAUUSDShort
by LucasGrayTrading
BULLISH GOLDXAUUSD 4H Trendline Breakout Setup ✨ XAUUSD is currently testing a strong 4-hour trendline resistance after spending several sessions in a consolidation phase. Price action is showing signs of building bullish momentum, and the market could be preparing for a breakout move if buyers continue to stay aggressive. The trendline has already reacted multiple times, making this area technically important. A clean breakout with a strong 4H candle close above resistance may open the path toward higher liquidity zones and previous swing highs. Key Things I’m Watching: Strong 4H candle close above the trendline Bullish momentum continuation after breakout Retest confirmation near the broken zone Volume and candle body strength during breakout Market Structure: The market is slowly forming higher lows, showing that buyers are defending key areas. Sellers are still active near resistance, but repeated pressure on the trendline increases the possibility of an upside breakout. Possible Scenario: If the breakout gets confirmed, price may continue toward the next resistance and liquidity areas. However, fake breakouts and liquidity grabs are common in gold, especially during high-impact news sessions, so patience and confirmation remain important. Trading Psychology: Many traders may still expect rejection from this trendline zone. That creates a situation where liquidity can build above resistance levels. If buyers successfully take control, momentum could expand quickly. This analysis is based purely on price action, market structure, and trendline behavior on the 4H timeframe. Always use proper risk management and avoid entering before confirmation. #XAUUSD #Gold #Forex #PriceAction #TradingView #TechnicalAnalysis #Liquidity #Trendline #Breakout #SmartMoney #Trading
VANTAGE:XAUUSDLong
by aashabarale
2
M30 Triangle Compression: Liquidity Trap or Market Drop?Macro Snapshot: The "Sticky Inflation" Pressure Gold is hovering near the 4,700 handle as the market braces for today’s Initial Jobless Claims data (May 14, 2026). While Central Bank demand remains a solid floor, the Fed’s "higher for longer" stance—fueled by energy-driven inflation—continues to cap upside potential. Remember: News is just the catalyst; the real story is how price reacts at liquidity zones. Technical View: Compression Triangle (M30) XAUUSD is currently coiled within a very tight Compression Triangle structure: Key Resistance: 4,709.297 – Significant liquidity is resting right above this peak. Target Supports: 4,675.553 (S1) and the major demand zone at 4,632.463 (S2). The Narrative: The current pullback is testing the upper supply line to gauge selling pressure. A failure to break out here would signal a high-probability Expansion move to the downside. IF–THEN Scenarios: * Primary Path: IF price rejects the 4,709 zone and breaks the triangle floor → THEN we look for a direct expansion toward the 4,632 demand zone. Alternative Path: IF we see a decisive candle close above 4,710 with high volume → The bearish structure is invalidated (CHoCH), and we must reassess our bias. Execution Plan: * Entry: Waiting for LTF (M5/M15) reversal confirmation within the 4,703 - 4,709 area. Target: 4,632. Invalidation: Solid close above 4,712. What’s your take? Will the Jobless Claims report trigger a legitimate breakout, or are we looking at a classic Liquidity Sweep before the dump? Drop your bias in the comments!
OANDA:XAUUSDShort
by BMR_MasteTrade
XAUUSD - A Potential Reversal in PlayThe price has formed a double bottom pattern after a prolonged decline, as clearly indicated on the chart. This signals that the selling pressure is weakening, and the potential for a reversal is gradually emerging. Both the left and right bottoms show that the price has repeatedly reacted at lower levels, while the sellers are no longer able to maintain the same strong downward pressure as before. Following this, the price has decisively broken above the neckline and has remained above this area for some time, forming a short-term consolidation phase. Currently, I am monitoring the possibility that the price will continue to hold above the current support zone before rising again to test the resistance zone around 4,765. Today's strategy is to expect the price to continue rising and approach the resistance zone once more. However, the next reaction in this area will depend largely on the upcoming economic news and market momentum.
OANDA:XAUUSDLong
by Louna_