Get started

Commodities

Gold’s upside seems limited given overbought conditionsGold appears to be showing signs of finally cracking after an impressive run higher, with the excitement surrounding its rally potentially approaching a crescendo. The precious metal experienced a sharp intraday reversal on 22 April, a decline that continued into 23 April. Since the recent uptrend began in mid-March, gold has consistently found support at its 10-day exponential moving average (EMA). For now, gold continues to hold just above this key support level; a break below the 10-day EMA could signal a heightened risk of further declines, potentially targeting $3,280 per troy ounce. Gold remains extremely overbought on the weekly chart, trading above the upper Bollinger Band, with the relative strength index (RSI) above 80. This suggests that gold could be due for a sideways consolidation or pullback towards the 10-week moving average at $3,100. Gold also remains overbought on the monthly chart, trading above the upper Bollinger band and with an RSI above 85. In this scenario, a break below $2,900 may lead to a decline towards the 10-month moving average of $2,800. It is not often that an asset class trades at such extreme levels, and this suggests that gold may be overdue for a period of consolidation, either by trading sideways and marking time or by pulling back to retest some of the moving averages situated at lower levels. It continues to indicate that overall gold’s upside may be limited. Written by Michael J Kramer, founder of Mott Capital Management Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction, or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.
CMCMARKETS:GOLD
by cmcmarkets
Silver H4 | Falling toward a pullback supportSilver (XAG/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 32.95 which is a pullback support. Stop loss is at 31.90 which is a level that lies underneath a multi-swing-low support and the 23.6% Fibonacci retracement. Take profit is at 34.48 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
TRADU:XAGUSDLong
by Tradu
Gold - Why a drop to 3250 could be the perfect buy!Gold has been in a strong and sustained uptrend, showing impressive momentum with minimal pullbacks along the way. At the moment, Gold is forming a rising wedge pattern, which could indicate potential short-term downside price action. If we see a retracement from current levels, I’ll be watching closely for a long opportunity. A break below this rising wedge would suggest possible short-term downside movement. This would actually be healthy for the overall trend, as small pullbacks are a natural and necessary part of a strong uptrend. It helps shake out weak hands, reset indicators, and build stronger support for the next leg higher. Why a drop to around 3250? If the wedge breaks, there’s an imbalance zone (4h FVG) sitting just below the current price level that has yet to be filled. These imbalance zones are created when price moves sharply in one direction, leaving gaps in the market structure. These areas often act as magnets, drawing price back to fill them before the trend resumes. This particular imbalance zone lines up perfectly with the golden pocket Fibonacci retracement, adding further significance to the level as a strong area of support for the bulls. When technical confluences align like this, they tend to become high-probability reaction zones. It’s also worth noting that this was the last major high that was broken before Gold made its most recent move upward. That makes this level even more likely to be defended by buyers. Bulls who missed the initial breakout will be watching this level closely for entries. What are we watching for? If Gold fails to hold the structure of the rising wedge, it opens the door for a sharper pullback towards the 3250 zone. This level aligns with multiple key confluences: the support zone, the 4h FVG, and the golden pocket. All of these factors together make it a prime level to look for bullish setups. Conclusion Gold remains in a strong uptrend but is starting to show early signs of a potential short-term pullback if it loses the rising wedge structure. Should that happen, the primary target for downside would be the 3250 level. This is where I’ll be looking for long opportunities, as it aligns with major support, the 4h imbalance zone, and the golden pocket retracement. While this pullback would be short-term in nature, the broader trend remains bullish. As long as key levels hold and market structure stays intact, the bigger picture favors further upside. A healthy retracement here could set the stage for a more sustainable and explosive next leg up. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
OANDA:XAUUSDLong
by Youriverse
38
GOLD → Reversal or correction? What to do now?FX:XAUUSD reaching the psychological high of $3500 has entered the correction phase, which was also influenced by a slight easing of the tariff conflict between the U.S. and China.... After falling without reaching the zone of interest 3288, the gold price is strengthening at the beginning of the European session, expecting PMI data from the U.S.. Earlier, the metal reached a record of $3,500, but rolled back amid hopes for an easing of the trade war with China and words of the US Treasury Secretary about a possible “détente”. The dollar recovered as part of the correction, but investors doubt Trump's predictability, gold at this time begins a correction. In the center of attention is the PMI index from S&P Global: its results may affect expectations for Fed Funds rates and give a new direction to the market. Resistance levels: 3340, 3360, 3366 Support levels: 3317, 3288 Technically gold is in correction and confirms the bearish structure. But any unexpected statement by Trump may attract aggressive buying. Nevertheless, we should now consider a possible decline from 3340 - 3360 - 3366. Buying could be considered on a retest of support or a close above 3370. Regards R. Linda!
FX:XAUUSDShort
by RLinda
17
Gold short-term analysisSpot gold rebounded slightly in early Asian trading on Thursday and is currently trading around $3,329, supported by bargain hunting. Gold prices continued to fall from record highs on Wednesday, falling nearly 3%, hitting a low of $3,260.08 and closing at $3,288.18. Investors were relieved by hopes of easing trade tensions and President Trump's abandonment of his threat to fire the Fed chairman. The dollar rebounded against major currencies on Wednesday, with the dollar index rising 0.94% on Wednesday, recording two consecutive gains on the daily line, reaching a high of 99.94, a nearly one-week high, and closing at 99.90. Earlier, US President Trump said he did not intend to fire the Fed chairman and hinted at progress on tariffs. The dollar and US stocks rebounded, suppressing gold prices. After gold prices were blocked and fell back at the 3,500 mark, more short-term long profit-taking also dragged down gold prices. From the daily level, gold rose strongly during Tuesday's session, hit the key price of 3,500, then fell back and finally closed down. This trend of rising and falling showed that the selling pressure from above was heavy, and the buying power encountered strong resistance from selling at high levels. Then, gold continued to fall on Wednesday and closed down again, forming a technical pattern of two consecutive declines. This continuous decline further confirmed that short-term bears are dominant. Overall, today's short-term operation strategy for gold is mainly rebound short selling. The upper short-term focus is on the 3365-3370 line of resistance, and the lower short-term focus is on the 3305-3300 line of support Interval buy: 3305-3303, LS:3293, TP: 3325-3335 Interval sell: 3360-3362, LS:3372, TP: 3340-3345 Key points: First support: 3305, second support: 3300, third support: 3290 First resistance: 3360, second resistance: 3370, third resistance: 3375
TVC:GOLDShort
by GoldenViewJake
$PLTR Trade: Buy $90.86 , Target $101.35Beep Beep. Hope everyone is taking care of their trading accounts during this volatile phase in the markets. I noticed an identical setup on the weekly from back in August 24' and I'm looking to take advantage. We have a trend reversal on the Tom Demark sequential that helps identify trend exhaustion through a 9 Count. Currently on a 2 Count, we're testing the gap while simultaneously testing the 10WMA at 90.86.There is also a weekly gap at 101.35 ... Entry would be the 10WMA. Target the weekly Gap. Trade is as follows: Trade Idea - Swing NASDAQ:PLTR $95 Calls 4/25 Entry - 10 WMA @ $90.86 Target - Gap on Weekly at $101.35
NASDAQ:PLTRLong
by TazmanianTrader
6
SPY/QQQ Plan Your Trade Update For 4-23 : Rally-111 PatternToday's pattern really showed up pre-market. Where was the rally today? It happened before the US markets opened for business. The SPY/QQQ had already moved up into my upper resistance area on strong buying overnight. I knew I had to run my father around most of the day, so I booked my profits this morning and tried to catch one little SPY rally (that didn't work out). So, I started taking some positions for next week's potential downtrend, and I thought, "How much risk am I taking on these trades if the markets continue to move upward?" I realized I would be taking about $1000 to $1400 in total risk, but my expiration date is near May 16. So my target for any profit really needs to be before May 10th or so. If the markets do what I expect, I'll be sitting back, watching my profits grow as the markets trend downward into my May 2 Major Bottom (I hope). I created this video to highlight the now partially confirmed inverted EPP pattern that setup the Ultimate High in early trading today. Now that we've completed the inverted EPP pattern, we should be looking for the ES/SPY/QQQ to move downward, shift into a sideways/upward price flag. Then, break down into the new Consolidation phase. Essentially, if my EPP patterns play out well, I timed my move away from longs/calls and into shorts/puts almost perfectly. Now, I just need to sit back and wait for the markets to make a move. This is what trading is all about. You can't kick the markets to do what you want them to do. You have to learn to take what the markets give you and fall in line with market trends. When you do that well, profits start to fall into your lap (if you are patient). Follow along as I break down these market trends and learn how to develop your own skills. GET SOME. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
CME_MINI:ES1!Short
by BradMatheny
Gold Drops $200 in Hours – Panic or Opportunity? 📌 Gold Plunges $200 – Volatility Surges Amid Fed Signals and Market Panic 🔥📉 📰 What Just Happened? Yesterday, gold (XAU/USD) experienced one of its sharpest intraday drops in recent months, tumbling from the all-time high around $3,500 to as low as $3,318, losing nearly $200 in just a few hours. This marked a significant correction following an extended bullish trend. 🔍 Key Drivers Behind the Crash Fed-related commentary spurred aggressive profit-taking across the market. The USD staged a technical rebound, exerting downward pressure on gold. Rapid sentiment shifts triggered panic selling and liquidation flows. 🧭 What’s Next for Gold? The $3,300–3,320 zone is now a crucial support — if this level holds, a technical recovery could unfold. However, a break below $3,300 may expose gold to deeper downside targets near $3,250. ⚠️ Strategic Considerations This is a high-volatility environment — flexibility and strict risk management are key. Current sentiment is fragile. Unpredictable political headlines and mixed Fed signals are adding to the uncertainty. In the latest development, Trump clarified he has no intention to fire the Fed Chair and hinted that China’s tariffs could be eased slightly — but not eliminated. These mixed messages continue to create sharp swings in price. 📊 Trade Plan 🔻 SELL ZONE #1: Entry: 3,378 – 3,380 Stop Loss: 3,384 Take Profits: 3,374 → 3,370 → 3,366 → 3,362 → 3,358 → 3,350 🔻 SELL ZONE #2: Entry: 3,408 – 3,410 Stop Loss: 3,414 Take Profits: 3,404 → 3,400 → 3,396 → 3,392 → 3,386 → 3,380 🟢 BUY ZONE: Entry: 3,292 – 3,290 Stop Loss: 3,286 Take Profits: 3,296 → 3,300 → 3,304 → 3,308 → 3,312 → 3,316 → 3,320 The priority remains to sell into rallies near resistance while the downtrend unfolds. All trades should be protected with tight stop-losses, given the current unpredictability. 🧠 Key Takeaways This is not a market for guessing — wait for price confirmation at key zones. Focus on reaction zones, not forecasts. Stay light, stay nimble, and manage risk carefully — news-driven volatility is at its peak. 💬 How are you positioning in this volatile gold market? Waiting for the bounce or selling the rallies? Let us know below! 👇👇👇
OANDA:XAUUSDShort
by MMFlowTrading
6
XAUUSD Market Update – April 23, 2025“Bulls Are Alive, But Not Rushing – Gold Builds in Discount Trenches 🏗️🟢” 🔍 Macro + Context HTF Bias: Still bullish. Daily candle shows strong rejection wick from below 3280 → bulls defending structure. LTF Flow: Bearish → Clean CHoCH + BOS chain (H1–M15) from 3455 ATH zone → currently building base. Current Price: ~3294 RSI: Starting to climb from oversold on M15–M30 → first hints of a potential shift. 📈 Confirmed Structural Updates 🔻 Sell Zones (Premium) Zone Range Type Confluences 🔴 3450–3455 ATH Supply HTF OB + 1.618 Fibo Liquidity + Rejection Block 🔴 3414–3422 NY Session OB Retest Zone M30 OB + Last Reaction High 🟠 3380–3395 Flip Zone H1–M30 Rejection Block EMA Lock + FVG + CHoCH 🟢 Buy Zones (Discount) Zone Range Type Confluences 🟢 3280–3288 LTF Demand Reentry Zone M5-M15 OB + Recent Wick Defense 💚 3220–3235 HTF Demand Stronger Demand Zone H4 OB + D1 EQ zone + Weekly Pivot 🔵 3170–3190 Extreme Discount Long-Term Zone Untapped FVG + D1 OB ⚙️ Current Price Action 📍Price rejected perfectly from the 3260s → defended with strong wick, now reclaiming M15 internal CHoCH. 🟣 M5 showing micro BOS + reclaim of 9EMA → potential for bullish continuation toward 3320–3333. ⚠️ Flip Zone at 3380–3395 remains a major short-term decision level. If price breaks above it, we’ll be in recovery mode toward 3415. 🎯 Session Outlook Buyers in control short-term if price holds above 3280. Next key reaction expected at 3320–3333 minor resistance → if broken, bulls might retest 3385+. Sellers may reengage hard at 3380–3395 or above (3422, 3455). 🧠 Smart Money Snapshot 🟢 Liquidity swept below 3280 = engineered low 🟠 Internal CHoCH on M5 confirmed → LTF bullish short-term 🔴 Next sell interest likely around 3385 or 3415 unless HTF flips bullish again XAUUSD – News & Risk Preview for April 24, 2025 Claims & Chaos?🧨📉📈 🔍 What’s Coming: 🧾 Unemployment Claims (USD) – 14:30 UTC+2 ➤ Expected spike in volatility. Watch for algo-driven whipsaws if numbers surprise (especially under 200k or above 250k). ➤ Low claims = strong USD = potential XAU drop. 🧠 Tactical Advice for Thursday: Avoid full-size entries→ spikes can violate structure briefly before returning. Focus on reaction-based trades: let price show direction after the event, then join. Best plan: pre-mark levels now, react later. 🗣️ Final Note This market update reflects structure-only precision, no emotional bias. If bulls want back in, 3280–3290 is the launchpad. If not, sellers are watching 3385+ like hawks. 🦅
VANTAGE:XAUUSD
by GoldFxMinds
XAUUSD Gold Possible Move 23.04.2025Gold (XAUUSD) Technical Analysis – April 23, 2025 The market is currently showing bearish momentum following a retracement from the recent highs near the 3,500 mark. Price is now approaching key Fibonacci levels, presenting potential shorting opportunities for intraday and swing traders. Key Levels to Watch: 📉 Short Opportunity 1: Zone: 3400-3410 USD (Fibonacci 0.5 to 0.618) Analysis: This is a premium supply zone and a retracement area aligning with the Fibonacci golden pocket. If the price revisits this region and shows bearish confirmation (e.g., bearish engulfing, rejections, or lower timeframe structure break), it's a high-probability short entry zone. Signal: Look for price rejection patterns in this zone to initiate a short position. Stop-Loss: 3,430 Target: 3,292 initially, then lower if structure breaks 📉 Short Opportunity 2 (Breakout Trade): Zone: 3,292 – 3,300 USD (Major Support) Analysis: This is a major support zone. A clean break below and successful retest from underneath would signal continuation to the downside. Signal: Wait for a break and retest below 3,292 for confirmation before entering short. Stop-Loss: Above 3,300 on retest Target: 3,240 and potentially 3,215 – 3,220 zone Overall Bias: Bearish below 3,396. Price action confirms lower highs and lower lows. Structure supports selling rallies or breakdowns.
OANDA:XAUUSDShort
by QuinnReed_Charts
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone, After updating our 1H and 4h chart idea last two days, please see update on our daily chart idea also playing out perfectly. On our last update we stated that we were seeing price break out of the channel but will need ema5 to lock outside of the channel to confirm the breakout into the next level. We got the candle body above 3297 and ema5 lock opening 3433 - This was hit perfectly completing this target. No further close above this level confirmed the rejection. We are now looking for support above the channel top for a continuation or a ema5 lock inside the channel will see price play back into the channel levels. This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn. We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas. Our long term bias is Bullish and therefore we look forward to drops from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups. Buying dips allows us to safely manage any swings rather then chasing the bull from the top. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
WTI OIL Oversold rebound at the bottom of 7-month Channel Down.WTI Oil (USOIL) hit last week the bottom (Lower Lows trend-line) of the 7-month Channel Down while its 1D RSI turned oversold (<30.00), the lowest it's been since March 2020 and the COVID crash. Naturally, the price rebounded but still hasn't even tested the 1D MA50 (blue trend-line), which indicates that it remains a strong medium-term buy opportunity. With the previous Lower Low almost reaching the 0.786 Fibonacci retracement level, we expect to see at least $72.50 in the medium-term. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:WTILong
by TradingShot
Silver Update – April Rollercoaster Ends in Bullish Setup?What a month it has been for Silver also! In early April, the metal broke down from a rising wedge pattern, triggering a waterfall drop of around 6,000 pips. The plunge took us right into the 28 zone, but the reversal that followed was nothing short of spectacular. In just two trading days, Silver rocketed back above the key 30 level, and the rally didn’t stop there. By mid-month, it reclaimed the 32 support – a level previously broken during the drop. 📉 Last week, however, price action turned quiet compared to the volatility in Gold, with Silver entering a tight consolidation. But here’s the key point: ➡️ Despite the sharp early-month drop, the structure is now bullish again and remains so as long as 32 holds. 💡 Trading Plan: I'm looking to buy dips near 32 in anticipation of a breakout above 33.15 – the upper boundary of the recent consolidation. If that level gives way, Silver could accelerate its gains and make a new attempt toward 35. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAGUSDLong
by Mihai_Iacob