Gold Trading Strategy for 13th October 2025๐ TVC:GOLD Intraday Trading Plan
๐ข Buy Setup:
โก๏ธ Buy Above: High of the 1-hour candle that closes above $4045
๐ฏ Targets:
1๏ธโฃ $4055
2๏ธโฃ $4065
3๏ธโฃ $4075
๐ด Sell Setup:
โก๏ธ Sell Below: Low of the 1-hour candle that closes below $3985
๐ฏ Targets:
1๏ธโฃ $3975
2๏ธโฃ $3965
3๏ธโฃ $3955
โ๏ธ Strategy Notes:
Wait for 1-hour candle close confirmation before taking entry.
Maintain strict stop loss based on your risk appetite.
Avoid trading during high volatility news events.
โ ๏ธ Disclaimer:
This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. Trading involves risk; please do your own research or consult a qualified financial advisor before making any trading decisions.
Futures market
Gold Trading Strategy for Next Weekโ
Gold has recorded eight consecutive bullish weekly closes, indicating that bullish momentum continues to dominate the market. From the weekly structure perspective, the trend remains strong, and the short-term outlook stays bullish.
โ
On Friday, gold rebounded after a second dip failed to make a new low, reaching as high as 4022 in the evening and closing with a long lower shadow bullish candle, showing strong buying support below.
If the rebound continues early next week, the price could extend higher; however, if a second rally fails to break a new high, gold may face short-term pressure and enter a sideways consolidation phase before launching another upward move.
โ
If the price fails to break above 4059, gold will likely remain in a high-level consolidation range โ no need to be overly bearish.
But if it reclaims 4059 decisively, the market could resume its upward trend, with an additional upside potential of 50โ100 dollars.
โ
In its latest report, Goldman Sachs raised its gold target from $4,300 to $4,900, reflecting the institutionโs strong medium-to-long-term bullish outlook.
As long as there are no clear signs of a trend reversal, the overall strategy should remain โbuy on dips.โ
๐ด Resistance Levels: 4025โ4030 / 4040โ4059
๐ข Support Levels: 3970โ3975 / 3944โ3884
โ
Trading Strategy Reference:
Based on both technical and fundamental analysis, the key focus next week will be the 3970 support area.
๐ฐ If gold pulls back and stabilizes around 3970, it will likely mark the end of the short-term correction, and the price may resume an upward consolidation pattern.
๐ฐ If gold breaks below 3970, attention should shift to the 3944โ3884 defensive support zone.
As long as the price holds above 3970, the short-term structure remains bullish, with potential for another test of the recent highs.
๐ฅTrading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions.
XAUUSD / GOLD 1H BUY PROJECTION โ 12.10.25The 1H structure is showing a clean breakout and retest, indicating strong bullish continuation.
โ
Technical Breakdown:
Price broke above the resistance zone and retested the breakout level, confirming support at $4,007โ$4,012.
Fibonacci 0.618 Golden Ratio aligned with the support adds confluence for a long setup.
An upward trendline is being respected, signaling controlled bullish structure.
A fair value gap remains unfilled below, but since itโs in the order block zone, itโs less likely to break for a sell.
Strong bullish momentum candles indicate buyers in control.
๐ฏ Targets:
TP1: $4,030 (Resistance R1)
TP2: $4,050 (Resistance R2 / ATH Zone)
๐ก๏ธ Invalidation:
A clean break below $3,996 (order block zone) would weaken this bullish projection.
๐ Summary:
Entry: $4,007โ$4,012 zone after retest
TP1: $4,030
TP2: $4,050
SL: Below $3,996
Bias: Bullish
Timeframe: 1H
โ ๏ธ Always use proper risk management and follow the trend structure.
XAUUSD / GOLD WEEKLY BUY PROJECTION โ 12.10.25The market is currently showing strong bullish momentum after a clean V-shaped reversal from the support zone around $3,960โ$3,980.
โ
Key Technical Highlights:
Support S2 Zone held well, forming a reversal V pattern, confirming buyers stepping in.
Price has broken and retested the breakout zone around $4,000, indicating buying strength.
A bullish momentum candle confirms continuation towards higher levels.
Fibonacci 0.5โ0.618 retracement zone aligned perfectly with the support, giving more confluence for long entries.
If momentum sustains, price is projected to push towards:
๐ Resistance R1: $4,060 zone (first TP)
๐ Resistance R2 / New ATH Zone: $4,120 zone (final TP)
๐ก๏ธ Invalidation:
A clean break below the $3,960 support and the fair value gap would signal weakening momentum and cancel the bullish outlook.
๐ Summary:
Entry: After retest of breakout zone ($4,000โ$4,010)
TP1: $4,060
TP2: $4,120
SL: Below $3,960 (Fair value gap)
๐ Bias: Bullish
๐
Timeframe: 4H / Weekly
โ ๏ธ Note: Always manage risk with proper position sizing and SL discipline
$4024 Gold: 8-Week Jhakaas Record! BUY Pivot $398x!Hello, traders!
Gold just wrapped up an impressive 8-week winning streak, closing the session at $4,024.40/oz (Futures). This bada (big) rally was immediately triggered by President Trump's unexpected tariff threat on China, which, boss, fueled a massive rush toward safe-haven assets.
Fundamentals & Technical Bias: Buying the Pivot
Core Drivers: Escalating trade panga (conflict) thanks to Trump, steady Fed rate cut expectations, and ongoing global gadbadi (instability) are all making Gold the top safe haven.
Technical Recovery: After a deep correction to $394x, Gold recovered super fast and closed firmly above $399x. This confirms that buying power is dominant and the bullish momentum is pakka (confirmed).
Priority Bias: BUY (Long). $398x is the critical short-term pivot point. Risk management is key, remember that.
Risk Warning: Only switch to SELL (Short) if the price rapidly breaks below $398x due to major negative news.
Key Price Levels:
Resistance: $4064, $4084, $4104, $4124
Support: $3984, $3951, $3934
Trading Strategy (Prioritize BUY at the Pivot)
BUY ZONE (Pivot $398x): $3984 - $3982
SL: $3974
TPs: $3992, $4002, $4012, $4022, $4032
SELL ZONE (Counter-Trend): $4024 - $4026
SL: $4034
TPs: $4016, $4006, $3996, $3986, $3976
Will this trade war tension take Gold past $4100 next week? Kya lagta hai? ๐
#Gold #XAUUSD #4KGold #TrumpTariffs #8WeeksUp #Pivot #TradingView #PaisaBanega
a bullish outlook, following EW impulse patternIdentified a potential 5-wave upward impulse move starting from the low in early October.
Wave 3 appears to have just completed, reaching a high of 4,612. This wave is typically the strongest and longest.
The chart projects a corrective Wave 4 is now underway. The blue line indicates a potential path for this correction, suggesting a pullback towards the Fibonacci retracement levels.
Following the correction, a final upward Wave 5 is anticipated, with targets set by Fibonacci extension levels.
Ichimoku Cloud Analysis:
The price is trading above the Ichimoku Cloud (Kumo), which is a strong bullish signal.
The cloud ahead is green and thick, suggesting continued bullish momentum and strong support below the current price.
The Tenkan-Sen (red line) is above the Kijun-Sen (blue line), reinforcing the bullish sentiment.
The Kijun-Sen, currently around 4,441, and the top of the cloud could act as significant support levels during the projected Wave 4 correction.
Fibonacci Levels:
Retracement for Wave 4: The potential support targets for the corrective Wave 4 are based on the Fibonacci retracement of Wave 3. Key levels to watch are:
0.382 level at 4,518
0.500 level at 4,492
Extension for Wave 5: The potential targets for the next upward move (Wave 5) are projected using Fibonacci extensions. Key resistance levels are:
1.500 extension at 4,688
1.618 extension (a common target for Wave 5) at 4,706
A more optimistic target is at the 2.414 extension level of 4,826.
Current Price Action:
The last traded price is $4,544, down 1.02% for the day.
The recent bearish candle (red) after reaching the peak of Wave 3 supports the idea that the corrective Wave 4 may have begun.
Potential Market Scenario
Based on this chart, the anticipated scenario is:
Short-term: A price correction or consolidation (pullback). The price may drop to test support levels around $4,518 or $4,492.
Medium-term: If the support holds and the Elliott Wave count is correct, the price is expected to resume its upward trend to begin Wave 5, targeting the resistance area between 4,688 and 4,706.
Copper more fall will come on tarrif uncertainty avoid buyingCopper more fall possible avoid buying until not sustain for 2 days and make some support , copper updated levels given on chart for next week
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone ( Early / Risky entry) : D 13.2% -D 16.1 % is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone (Safe entry ) : SL 23.1% and SL 25.5% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Any Upside or downside level will activate only if break 1st level then 2nd will be active if break 2nd then 3rd will be active.
Total we have 7 important level which are support and resistance area
Until , 16% not break uptrend will continue if break then profit booking will start.
If break 25% then fresh downtrend will start then T1, T2,T3 will activate
1,3,5,10,15,20 minutes are short term levels.
30 minutes 60 minutes , 2 hours,3 hours, ... 1 day and 1 week chart positional and long term levels
Natural gas bounce possible from current price limited fall leftNatural gas will take support near 270-265 avoid sell at current price
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone ( Early / Risky entry) : D 13.2% -D 16.1 % is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone (Safe entry ) : SL 23.1% and SL 25.5% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Any Upside or downside level will activate only if break 1st level then 2nd will be active if break 2nd then 3rd will be active.
Total we have 7 important level which are support and resistance area
Until , 16% not break uptrend will continue if break then profit booking will start.
If break 25% then fresh downtrend will start then T1, T2,T3 will activate
1,3,5,10,15,20 minutes are short term levels.
30 minutes 60 minutes , 2 hours,3 hours, ... 1 day and 1 week chart positional and long term levels
Silver buy ondip upmove will continue EFT issue will be resolvedSilver upmove will be continued, ETF issue will be resolved soon
Updated levels for next week given on chart
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone ( Early / Risky entry) : D 13.2% -D 16.1 % is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone (Safe entry ) : SL 23.1% and SL 25.5% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Any Upside or downside level will activate only if break 1st level then 2nd will be active if break 2nd then 3rd will be active.
Total we have 7 important level which are support and resistance area
Until , 16% not break uptrend will continue if break then profit booking will start.
If break 25% then fresh downtrend will start then T1, T2,T3 will activate
1,3,5,10,15,20 minutes are short term levels.
30 minutes 60 minutes , 2 hours,3 hours, ... 1 day and 1 week chart positional and long term levels
Silver upmove will continue buy on dip 54$ target Silver buy on dip uptrend will continue 54 $ next upside target,
Silver updated levels given on chart
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone ( Early / Risky entry) : D 13.2% -D 16.1 % is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone (Safe entry ) : SL 23.1% and SL 25.5% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Any Upside or downside level will activate only if break 1st level then 2nd will be active if break 2nd then 3rd will be active.
Total we have 7 important level which are support and resistance area
Until , 16% not break uptrend will continue if break then profit booking will start.
If break 25% then fresh downtrend will start then T1, T2,T3 will activate
1,3,5,10,15,20 minutes are short term levels.
30 minutes 60 minutes , 2 hours,3 hours, ... 1 day and 1 week chart positional and long term levels
Gold uptrend will continue on tarrif uncertainty and rate cutGold buy on dip will continue on tarrif uncertainty and rate cut bets.
Updated levels given on chart for next week
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone ( Early / Risky entry) : D 13.2% -D 16.1 % is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone (Safe entry ) : SL 23.1% and SL 25.5% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Any Upside or downside level will activate only if break 1st level then 2nd will be active if break 2nd then 3rd will be active.
Total we have 7 important level which are support and resistance area
Until , 16% not break uptrend will continue if break then profit booking will start.
If break 25% then fresh downtrend will start then T1, T2,T3 will activate
1,3,5,10,15,20 minutes are short term levels.
30 minutes 60 minutes , 2 hours,3 hours, ... 1 day and 1 week chart positional and long term levels
Gold Xauusd uptrend will continue on tarrif uncertainty rate cutGold XAUUSD uptrend will continue on tarrif uncertainty and rate cut bets .
Updated levels given on chart for next week
How My Harmonic pattern projection Indicator work is explained below :
Recent High or Low :
D-0% is our recent low or high
Profit booking zone ( Early / Risky entry) : D 13.2% -D 16.1 % is
range if break them profit booking start on uptrend or downtrend but only profit booking, trend not changed
SL reversal zone (Safe entry ) : SL 23.1% and SL 25.5% is reversal zone if break then trend reverse and we can take reverse trade
Target : T1, T2, T3, T4 and .
Are our Target zone
Any Upside or downside level will activate only if break 1st level then 2nd will be active if break 2nd then 3rd will be active.
Total we have 7 important level which are support and resistance area
Until , 16% not break uptrend will continue if break then profit booking will start.
If break 25% then fresh downtrend will start then T1, T2,T3 will activate
1,3,5,10,15,20 minutes are short term levels.
30 minutes 60 minutes , 2 hours,3 hours, ... 1 day and 1 week chart positional and long term levels
XAUUSD GOLD 15 MINTUS ANANLYSIS BULLISH OUTLOOK ๐ Technical Analysis:
1. Pattern Identification
Double Bottom Formation:
Found near the support area โ indicates a reversal from bearish to bullish.
Price bounced twice from the same zone, showing strong buyer activity.
Breakout Confirmation:
After forming the double bottom, the price broke above the neckline/trendline, confirming a bullish reversal.
Upward Channel:
The price movement after breakout is confined between parallel ascending lines, showing a controlled bullish trend.
Each dip to the lower boundary offers a buy opportunity within the channel.
Double Top Formation (Near Resistance):
This pattern forms at the top of the bullish channel, indicating a potential short-term correction or pullback before continuation.
---
๐น Key Levels:
Support Area: Around $3,960 โ $3,980
Resistance Area: Around $4,040 โ $4,060
Entry Point: Near $3,980 (bottom of the channel / breakout retest zone)
Target Point: Around $4,140+ (upper resistance & measured move target)
Stop Loss (Suggested): Below $3,950 (to protect from false breakouts)
---
๐ Market Sentiment:
Overall Trend: Bullish (due to breakout + double bottom confirmation)
Short-term Risk: Possible minor pullback from double top area before resuming upward.
Bias: Wait for small correction โ look for bullish confirmation candle near support โ enter long targeting resistance.
XAUUSD GOLD BULLISH NOW 4028๐ XAU/USD (Gold) Trade Alert โจ
Gold (XAU/USD) is showing strong bullish momentum, presenting an excellent buy opportunity at the entry point of 4028. The support level at 4001 provides a solid foundation for this upward move, indicating potential strength in price action. Our target point is set at 4100, offering an attractive risk-to-reward setup for traders. Keep an eye on the resistance area around 4060, as a breakout above this zone could confirm continued bullish momentum. Manage your positions wisely and follow price action closely for optimal results.
XAUUSD Analysis for the New WeekXAUUSD Analysis for the New Week: Sideways Accumulation Awaiting Big Waves - Detailed Trading Strategy
Hello trading community!
Last week, XAUUSD (Gold) moved as predicted within a narrow range, indicating a tug-of-war between buyers and sellers. However, the main trend on larger time frames remains bullish. At the start of the new week, Gold is likely to continue accumulating before making stronger breakthroughs. This article will provide a detailed analysis of technical and fundamental factors, along with specific trading strategies.
๐ Technical Analysis
Based on the H1 chart, we can clearly see the following important price structures:
Ascending Channel: Gold is still moving steadily within an ascending channel, indicating that the buying trend remains dominant in the medium term. The lower support line of the channel will be a crucial support area for buyers.
Key Support: The price range of $3970 - $3974 is acting as a solid support zone. This is the confluence area of the lower channel line and a dense volume profile zone, showing strong buyer interest here. The "Buy test support" scenario as shown in the image is entirely feasible.
Resistance Zone: The $4060 area and further the old peak around $4080 (corresponding to the Fibonacci Extension 1.618 area) are significant barriers. Sellers might be active in these areas.
Volume Profile Indicator (VPVR): The Point of Control is around $3982, further reinforcing the importance of the nearest support zone. Any break below this area could trigger a short-term sell-off towards the $3946 area.
๐ฐ Fundamental Analysis
The market is influenced by mixed information streams, creating uncertainty and reinforcing Gold's sideways scenario:
โ ๏ธ Hawkish Stance from the FED: Recent statements by Mr. Musallem (FED) indicate concerns about inflation potentially rising further. He emphasised the need to control inflation expectations, even at the cost of short-term labour market fluctuations. This implies that the FED might continue to maintain tight monetary policy, putting pressure on Gold prices (due to a stronger USD).
๐ Risk Asset Frenzy: Bitcoin reaching the $111,000 mark is raising concerns about an asset "bubble" and potential crisis risks. In this scenario, Gold could benefit as a safe haven asset, attracting funds when market risks are high.
The contradiction between FED policy and market risk sentiment is the reason for Gold's sideways accumulation.
๐ฏ Trading Strategy
Based on the above analysis, we can build two trading scenarios for the upcoming week. The main priority remains to buy along the trend.
Scenario 1: Buy at Support (BUY) ๐
Entry: Look to buy when the price adjusts to the $3974 - $3971 area.
Stop Loss (SL): $3965 (Below the safe support zone).
Take Profit (TP): $3985 - $3999 - $4020 - $4050 - $4080.
Scenario 2: Sell at Resistance (SELL) ๐
Entry: Look to sell when the price approaches the strong resistance area of $4077 - $4080.
Stop Loss (SL): $4086 (False breakout above the peak).
Take Profit (TP): $4055 - $4020 - $4000 - $3970.
Summary
The main trend of Gold remains bullish, but in the short term, the price may continue to move sideways within the $3970 - $4080 range to accumulate. The optimal strategy is to look for buying opportunities at key support areas and consider short-term sell orders at strong resistance zones.
Always remember to manage your capital strictly as the market always holds unexpected fluctuations. Wishing traders a successful new week!
Note: This article is for reference only and is not investment advice.
LiamTrading โ GOLD: Risk of ABC Correction Wave..LiamTrading โ GOLD: Risk of ABC Correction Wave, Short-term Sell at 4028
Hello traders,
Gold has had an impressive growth week, but as prices hit new highs, the risk of correction always increases. Let's examine this week's Gold scenario based on wave analysis and market liquidity.
๐ Technical Analysis (Chart H4 โ XAUUSD)
Based on the H4 chart, Gold (GOLD) seems to have completed the Push Wave 5 (Elliott Wave 5) in the current uptrend cycle, reaching strong resistance around 4050โ4060.
Current Structure:
The price is within a sustainable Uptrend Channel.
The 4050โ4060 range is a significant resistance where selling pressure may emerge.
An ABC correction wave scenario appears after completing Wave 5.
Key Liquidity Zones:
Potential Resistance Zone (Sell Wave C): Around 4028โ4033 (Price area to watch for the reaction of the final Wave C).
Confirmed Drop Support Zone: 3972 (Critical price area confirming if selling pressure is strong enough).
Attractive Buy Zone: 3976 (Temporary liquidity if price corrects, waiting for Breakout confirmation).
Long-term Buy Zone (POC Buy): ~3850 (Price area with a huge Volume Profile, ideal for long-term buy orders).
๐ฏ New Week Trading Scenario
๐ Short-term Sell
This scenario is based on the expectation of an ABC correction wave starting from the resistance zone.
๐ Entry: 4033
๐ SL: 4040 (Very tight SL, suitable for short-term Sell strategy at the wave peak)
๐ฏ TP: 3976 โ 3943 โ POC (~3850)
๐ Long-term Buy
This setup waits for a correction to lower liquidity zones to enter Buy orders with optimal R:R ratio.
๐ Entry: 3976 (Temporary liquidity buy zone)
๐ SL: 3970
๐ฏ TP: 4040 โ 4090 โ 4150
๐ Failure Scenario (Wait for Breakout Confirmation)
If the price breaks the 4060 peak and creates a new ATH (All-Time High), the ABC wave scenario will fail.
Action: Continue to prioritize Buying. The best entry is to wait for the price to retest the broken liquidity zone (Breakout Retest) around 3976.
๐งญ Fundamental & Long-term Analysis
Macroeconomic Sentiment: The Royal Bank of Canada (RBC) forecasts Gold to rise to $4,500 in the next two years, bolstered by long-term inflation concerns. This confirms the long-term uptrend of Gold remains intact.
US Dollar Impact (USD): The traditional view is that USD rises as investors seek liquidity during market stress. However, Gold's rise alongside USD shows the market prioritizes gold as an inflation hedge rather than just a safe haven.
Long-term Strategy: The buy zone at POC (~3850) according to Volume Profile is extremely suitable. Large liquidity here will help traders enter optimal orders and hold long-term, leveraging the pressure from the Seller's Liquidity to push prices up.
๐ Conclusion
Gold is at a critical crossroads. Although the long-term trend is up, the short-term correction risk (ABC Wave) at the 4028โ4033 zone is very high.
Priority: Watch for short-term sells at the resistance zone with a tight SL.
Safe strategy: Wait to Buy at liquidity support zones like 3976 or POC (~3850) to optimize risk/reward (R:R).
I will continue to update Gold scenarios daily with insights from 8 years of trading experience.
๐ Follow me to not miss important updates!
$4,000 RECLAIMED! Targeting Fibo Extremes on H4.The big picture is clear: Gold has strongly pushed past the $4,000 mark, driven by major safe-haven demand amidst US-China tensions. Buyers are pushing for an eighth straight weekly gain!
But where are the high-probability zones?
๐ THE FRANCI$$_FIBOMATRIX PLAN (H4)
We're keying in on two critical Fibo Reaction Zones for the perfect entry:
1. SELL ZONE (Correction/Reversal Focus):
Zone 1 (FIBO): 402x - 403x (4,025.424 - 4,032.844). Action: Look for H1/H4 candle rejection here to initiate a corrective short trade.
Zone 2 (Extension): 411x - 412x (4,115.422 - 4,128.811). Action: The ultimate target if momentum holds; watch this for the major supply zone.
2. BUY ZONE (Trend Continuation):
The Sweet Spot: 392x - 389x (3,907.030 - 3,895.674). This is our key Liquidity React Fibo Buy Zone. Action: Wait for the deep pullback here, confirm with bullish signals, and join the main trend with a target back to the 402x/411x range.
๐จ Critical Risk Alert:
A decisive weekly close below $3,962 signals a high risk of deep correction towards $3,900. Manage your Longs tightly below this level!
XAUUSDLadies & Gentlemen, you all are seeing this is the chart of gold (XAUUSD). This is one of the most popular charts in the world. Everyone wants to predict.
We have started counting this cycle from the low created by Gold on 6 October 2023. We have done two cycles in it, the first cycle is of 63 trading days, and the second is its double i.e. 126 trading days.
In the shorter cycle (63 BAR), you will see that it has maximum given 10 to 18% returns till date within EVERY 90 days
It has more than doubled in the last two years.And no down train cycle has started yet. And this is nine Cycles from Small Cycle.
Do you think this cycle will continue to grow like this in the future?
WTI Crude Oil โ Dual Falling Wedges in Play!๐ข๏ธ #WTICrudeOil
CMP: $58.25
๐ก S maller Falling Wedge (Yellow)
โข Breakdown candle formed
โข Breakdown confirmation on weekly close below $58.22 (low of breakdown candle)
โข Target: $52.71
โข Converges with key price action support zone at $52.48โ50.55
โข Also aligns with long-term wedge trendline support
๐ฃ Larger Falling Wedge (Purple)
โข Still intact
โข Bullish Breakout confirmation: Weekly close above $77.57
๐ฝ Support Levels
โข Immediate: $55.15
โข Zones: $52.48โ50.55, $45.04โ42.93
๐ผ Resistance Levels
โข Immediate: $58.35
โข Zones: $60.68, $61.45โ61.96, $63.98โ66.42
โ ๏ธ Outlook
Short-term bias remains bearish , watching for a weekly close below $58.22 to confirm breakdown.
Long-term bullish reversal possible only above $77.57 (WCB) .
#CrudeOil | #WTI | #OilChart | #ChartPatterns | #FallingWedge | #PriceAction | #Commodities
๐ Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.
#MCXCrudeOil Weekly โ Breakdown into Major Support Zone#MCXCrudeOil Weekly โ Breakdown into Major Support Zone
CMP: 5,246
Crude Oil has broken down from a descending triangle with a confirmed weekly close below 5,308 , triggering target of 4,636 . This move unfolds within a larger falling wedge pattern , adding confluence and signaling potential volatility ahead.
This breakdown aligns with two key confluences :
๐ The falling wedge lower trendline.
๐ A major historical demand zone at 4,692 โ 4,499 , which was previous resistance turned strong support on multiple occasions.
This make-or-break support zone could act as:
๐ A reversal zone , potentially triggering a bullish breakout from the wedge.
๐ Or, if breached, it may invalidate the wedge and lead to extended downside.
Key Levels:
Resistance: 5,903 & 6,184 (price action + wedge top)
Support: 4,692 โ 4,499 (confluence zone)
Breakdown Target: 4,636 (descending triangle pattern)
Watch weekly candle behavior near this zone closely for signs of either rejection or continuation .
#CrudeOil #MCXCrude #ChartPatterns #FallingWedge #DescendingTriangle #PriceAction #BreakdownAlert #SwingTrading #CommodityTrading
๐ Disclaimer: This analysis is shared for educational purposes only. It is not a buy/sell recommendation. Please do your own research before making any trading decisions.