Is GOLD headed to ~2500 as part of correction ?Gold had a good run up from ~1600 levels to ~3500 level.
It seems to have completed Wave3 and has ended week with Shooting start candle.
Invalidation :
This view of correction is invalidated if Gold closes above 3500 as part of weekly close.
The correction time period may be around 6~8 months.,
Futures market
Long on Natural GasNatural Gas is showing signs of a potential reversal after retesting a key demand zone near $3.75. The chart suggests a false breakdown followed by an immediate recovery, which could trap shorts and trigger a move higher.
Trade Plan:
• Buy Trigger: On breakout above $3.78
• Stop Loss: Below $3.748 (well-defined horizontal support zone)
• Target: $3.90–$3.91 (previous supply zone and top of recent structure)
• Reward-to-Risk Ratio: ~3:1 (as per risk box on the chart)
WTI Crude Oil (USOIL) Bullish Pullback Setup – Targeting $66.70Entry Point: Around $62.30 - $62.26
Stop Loss: Set below the entry zone at $61.65, with a potential lower buffer at $60.90
Target Zone (EA TARGET POINT): Between $66.62 and $67.00
A projected gain of 4.22 points (~6.77%)
📈 Price Action & Indicators:
The price had a strong bullish run recently and is now consolidating or pulling back slightly.
The red and blue moving averages (likely short-term and medium-term MAs) show a bullish crossover and trend.
There's a potential bullish setup if the price pulls back to the entry zone and finds support.
The blue curved arrow indicates a projected bounce from the $62.30 support region back up toward the $66.70 target.
🛠️ Strategy Implied:
Wait for pullback to the entry zone (~$62.30).
Enter long at or around that level.
Set Stop Loss at $61.65 to limit downside risk.
Take Profit at $66.70 for a solid risk-reward ratio.
⚠️ Risks:
If support at $62.30 fails, price may head toward $61.65 or lower.
Market volatility (especially with crude oil) can invalidate setups quickly.
Economic events (e.g., U.S. inventory reports, OPEC news) can disrupt technical patterns.
Xau elliot wave count for short term 1.Hello guys this is elliot wave for GOLD We are in 4th wave correction and 4th wave internal wave unfolding as wxy .
2. Wxy unfolding as abc simple correction
3. A and B wave complete and we are in c wave
4. C wave wave unfolding as simple impulse wave 12345 wave
5. If we get divergence in macd and rsi than is ending of c wave
That it from my side
Thank you
Article written by Dr vikas mavani
Gold is at support but still looking weak As per previous updates, gold tested the first support area at 3200-25 and taking support on this area but overall picture is still looking in more correction side;
Price is currently forming range area on Intraday, to move up bulls need to create another follow up green closing on daily time frame and for sell bears need to closed the day under 3200.
Gold Trading Strategy for 14th May 2025📊 Gold Intraday Trade Setup (XAU/USD)
🕒 Timeframe: 15-Minute Candle
📅 Date:
💰 Instrument: Gold (XAU/USD or Gold Futures)
🟢 Buy Setup (Long Trade)
📌 Entry Condition:
🔼 Buy only if price closes above the high of the 15-minute candle above ₹3264.
🎯 Targets:
🎯 Target 1: ₹3280
🎯 Target 2: ₹3291
🎯 Target 3: ₹3303
🛑 Stop Loss: Below the low of the breakout candle or ₹3250 (as per your risk).
🔴 Sell Setup (Short Trade)
📌 Entry Condition:
🔽 Sell only if price closes below the low of the 15-minute candle below ₹3235.
🎯 Targets:
🎯 Target 1: ₹3220
🎯 Target 2: ₹3205
🎯 Target 3: ₹3190
🛑 Stop Loss: Above the high of the breakdown candle or ₹3250 (as per your risk).
⚠️ Important Notes
✅ Wait for a confirmed 15-minute candle close above/below the breakout level.
✅ Use proper position sizing and risk management.
✅ Watch for volatility around major news releases (Fed announcements, inflation data, etc.).
🛡️ Disclaimer:
This analysis is for educational and informational purposes only. Trading in commodities like gold involves risk of capital loss. Please do your own research and consult your financial advisor before taking any trades. We are not responsible for any profit or loss incurred.
Copper continuesly buy given from 820 , 875-877 Target pending How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Natural gas we are holding sell on rise trade SL 319 Target 285How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Crude 5440 Target hitbetter to avoid fresh buy at CMP wait DipHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Compared to Gold, silver will go more upside and less downsideHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Silver will fall less and go more upside compared to gold How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold comex until 3264 not break and sustain sell rise 3160 targtHow to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold until 3264 not break and sustain sell on rise 3160 Target How to take trades using Harmonic pattern projection Trade setup is explained below :-
Entry : 1st SL point : 0% is recent top or bottom.
Trailing D: 15.1% is work as trailing SL of buy or sell trade if hit then we have to book profit
.If price goes below 2nd D 22.5% to 24.5% range then early traders can make fresh reversals trade after breaking 1st D 15.1% safe traders can reversal trade after breaking Point D 22.5.4% to 24.5% range
Targets :
Target T1 : 36.1% to 38.3%
Target T3 : 49.1% to 52.5%
T3: 60.9% to 64.8% is our 3rd Target since this is reversal zone so must book profit if break then take fresh trade again
Target T4 : 76.4% to 79.7%
Next Targets are 100% , 127.2% ,141.4% and final Target 161.8%.
How to take reversal trade :
If price going upside/ downside then then buy or sell levels appear on Chart ( Automatically show when price reach any reversal zone of harmonic projection ).
Trailing SL:
After reach 1st Target trail SL to just above or below cost ( for example we are holding sell trade from 100 1st Target 110 hit then move trailing sl to 104-105 and move SL as price move upside or Downside)
Re- Entry :
For Re-entry in any pull back Point D ( 15.1% ) is used for re-entry then SL recent high or low Point SL ( 0% ) .
Blue Line is 1st support/ Resistance
Green line is 2nd support/ resistance
Red line is 3rd Support/ resistance
Gold Trading Strategy, , May 13-14📊From the perspective of multi-period technical graphics, the overall trend of gold is still in structural adjustment, but the long-term trend remains bullish, and attention should be paid to the gains and losses of key support and resistance areas.
📊From the 4-hour chart, the short-term gold price fell below 3248 and then rebounded quickly, forming a pattern of stopping the decline and rebounding during the day; if the 5-day moving average is about to cross the 10-day moving average (golden cross), the 3240 line will form a short-term support.
📊At present, the price of gold continues to fluctuate in a range above 3215. The momentum of short positions has weakened, and there are signs of a periodic stop of decline. If the closing price breaks through and stands firm above 3248 during the day, it will further enhance the short-term bullish momentum; and if the one-hour level in the evening breaks above the 3265-3270 area, the short-selling structure will be destroyed, and the market is likely to complete the bottom construction and turn into a band-level upward trend.
🟢Support level:
🔸3215–3225: short-term shock consolidation range, if it stabilizes effectively, short-term bulls still have opportunities.
🔸3200: annual line support and medium-term key watershed, is an important reference for judging whether to continue the shock rebound.
🔸Breaking below 3200: If it is accidentally lost, it will further open up the downward space, and the target may point to the 3160–3150 area.
🟢Resistance level:
🔹3270: the first resistance level of short-term rebound, which will open up further rebound space after standing above it.
🔹3290–3300: It is the area where the previous high point of the big negative line and the Bollinger middle track overlap, which is the key resistance to determine whether the rebound will evolve into a trend reversal.
🔹If it effectively breaks through and stands firm at 3300, it will be regarded as the end of the phased correction, and a new round of trend rise may begin.
✅Intraday trading strategy
🔰Gold Sell: 3270-3275, Stop Loss: 5-8$
Target: 3250-3240, if it breaks, look to 3230
🔰Gold Buy: 3225-3230, Stop Loss: 5-8$
Target: 3250-3270, if it breaks, look to 3290
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Short-term trading requires flexibility, timely adjustment of positions, strict risk control, and ensuring that you are not affected by large fluctuations.
Bullish Reversal Forming at Key Support Zone – Targeting 3,450Instrument: Unspecified (likely XAU/USD or an index, judging by the price range)
Current Price: ~3,250.100
Indicators Used:
EMA 50 (Red): 3,284.255
EMA 200 (Blue): 3,287.152
🟣 Key Zones:
Support Zone: Around 3,200 – a strong demand zone where price previously bounced.
Target Zone: Around 3,450 – the last major resistance and recent high.
📉 Current Price Action:
Price recently tested the support zone and is forming a potential double bottom pattern.
EMAs are above the price, indicating a short-term bearish trend, but the price holding support may suggest a possible reversal.
A bullish trajectory is drawn, projecting a potential rise toward the target zone at 3,450.
📈 Potential Trade Idea (Hypothetical):
Entry: Near current price or on pullback to the small support box (~3,240)
Stop-loss: Below the major support (~3,190)
Take-profit: Around 3,450
⚠️ Key Considerations:
Price needs to break above the EMAs to confirm momentum shift.
Watch for confirmation with bullish candlesticks or volume spike.
Failure to hold the 3,200 support could invalidate this setup.
What is Pine Script in TradingView ??? 📘 What is Pine Script in TradingView?
If you're using TradingView and wondering how traders build those custom indicators and strategies—the answer is 👉 Pine Script.
🧠 Pine Script is TradingView’s powerful scripting language that allows you to create:
✅ Custom indicators
✅ Backtestable strategies
✅ Alerts and signals
✅ Visual dashboards and overlays
It’s beginner-friendly but powerful enough to build complex tools. You can start with just a few lines of code and end up building your own version of RSI, Supertrend, or even institutional-grade dashboards!
🔧 What makes Pine Script special?
* It runs directly on TradingView charts
* Executes fast with minimal code
* Supports historical and real-time data
* Enables backtesting strategies with visual trade entries/exits
📈 Whether you're a trader who wants to tweak existing indicators or a developer aiming to automate signals, Pine Script gives you full control over your charting experience.
Where to Find it ?
How to start Coding ?
This was the basic post go to the official material to learn more about it...
www.tradingview.com
Xauusd is currently running under resistance zone #xauusdAnalysis and Thought Process:
1. Market Structure:
On 4H, XAU/USD was showing signs of a lower high formation after rejecting the resistance zone near 2370. The overall structure showed signs of weakness with price failing to make new highs and forming a potential double top near that level.
2. Price Action:
On 13 May, price made a minor push into the 2360–2370 zone but printed strong bearish wicks and a bearish engulfing candle on the 1H chart around 2360. This suggested sellers stepping in at a known resistance area.
3. Confluences Supporting Short Bias:
Bearish divergence on RSI (price made a higher high but RSI made a lower high) on the 1H chart.
200 EMA on the 4H timeframe acting as dynamic resistance above the entry point.
Fibonacci 61.8% retracement level from previous swing down also aligned at 2360 area.
Gold breaks through 3,300 – Selling pressure has not stoppedGold price plummeted from 3,325 to 3,237 USD/ounce after the US and China reached a temporary agreement to reduce taxes. The stock market is up, the USD is strong, money flows out of gold. I see selling pressure clearly dominating.
On H1, the price is still below EMA34 and EMA89, recovering weakly around 3,260. H4 confirms the downtrend that has been formed before. If it does not surpass 3,270, I am inclined to believe that gold will continue to fall to 3,200 – 3,180.
XAU/USD) 2H Trade Setup – Long Entry from Support with Targets aEntry Point: 3,219.45
Stop Loss: 3,171.35
Target Point One: 3,347.49
EA Target Point (Final Target): 3,503.87
Trade Plan:
Risk Zone: Between entry (3,219.45) and stop loss (3,171.35). The trader risks roughly 48.1 points.
Reward Zone: From entry to:
Target Point One: ~128 points.
Final Target (EA Target): ~284.4 points.
Risk-Reward Ratios:
To Target Point One: ~2.66:1
To EA Target Point: ~5.9:1
Indicators and Signals:
Price appears to be bouncing off a support zone near 3,212–3,219, indicating a potential reversal.
200 EMA (blue) and 50 EMA (red) are shown; price is slightly above the 200 EMA, suggesting long-term support.
There is a downtrend before the bounce, so this might be a counter-trend trade or the start of a new trend.
Summary:
This setup is a classic bounce from a demand/support zone with a clear upside potential. The risk is tightly managed, and the reward is significantly higher, aligning with favorable risk-reward principles. However, the position is speculative and relies on bullish follow-through from the support level. Watch price behavior near the 3,288 and 3,347 resistance zones to assess momentum.
GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD GOLD SHOWING A GOOD UP MOVE WITH 1:7 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
XAU/USDBearish Trade Setup Supply Zone Rejection to Target $3050Trend Overview
📉 Downtrend in Play
Price has reversed from the peak near $3,354
Currently trading below the 70 EMA (📍$3,299.86)
Forming lower highs – indicating bearish momentum.
Key Zones & Levels
🔶 Supply Zone (Resistance)
📍 $3,290.72 – $3,353.41
Strong selling pressure expected here
Possible short entry if price gets rejected
🟦 Support Zone (Previous Support)
📍 Around $3,254 – $3,210
Price has previously bounced here
🎯 Target Point (Take Profit)
📍 $3,050
Clear support level – used as a profit target
Trade Setup – Bearish Bias
🟩 Entry Point
📉 Sell near $3,290.72 (inside supply zone)
🛑 Stop Loss
❌ Above $3,354.69 (above resistance line)
✅ Take Profit
💰 Target $3,050
⚖️ Risk-Reward Ratio
Approx. 1:3 – Favorable for short trades.
Summary
🔍 Watch for a rejection in the supply zone
💼 Setup is ideal for short sellers
📊 Downtrend is supported by structure and EMA
XAU/USD Intraday Trade Signal**Date:** May 13, 2025
**Asset:** Gold (XAU/USD)
**Trade Type:** Intraday Buy
**Buy Zone:** 3240.00 - 3250.00
**Stop Loss:** 3207.00 (set below entry for risk management)
**Take Profit Levels:**
1st TP: 3260.00
2nd TP: 3278.00
3rd TP: 3294.74
4th TP: 3317.63
5th TP: 3347.38 (near potential high)
**Strategy:** Enter a buy position within the 3240.00–3250.00 range. Place stop loss at 3207.00 to limit downside risk. Target progressive take-profit levels, with the 5th TP at 3347.38 as a stretch goal near the daily high. Monitor price action closely and adjust trailing stops to lock in profits as targets are hit. Ensure risk-reward ratio aligns with your trading plan.
Gold Under Pressure: Will Key Support Hold?Gold prices slipped slightly to around $3,230 in early trading today. The precious metal remains on the defensive due to a stronger U.S. dollar, rising U.S. bond yields, and renewed optimism surrounding the U.S.–China trade deal.
As long as this optimism continues, XAU/USD is likely to remain under pressure. The recent surge to record highs was driven by concerns over a global economic slowdown and rising inflationary pressures due to tariffs — but that rally quickly faded, failing to hold its peak.
From a technical perspective, the 4H chart shows that gold has dropped below the EMA 34 and EMA 89, with a clear confluence between the EMAs and a marked resistance zone, which also aligns with the 0.618 Fibonacci retracement level.
If price fails to break above this resistance with strong momentum, the downtrend could continue, leading to deeper corrections in the near term.