Gold Setup: Range or Rip? Here's the Playbook

29 Apr

Gold’s been on a tear lately — driven by safe haven demand as real yields soften and global uncertainty lingers.

But here’s where things get interesting...
We’re now watching what could be a textbook head and shoulders pattern start to take shape.

📊 Current Range:
Right now, price is stuck between 3380 and 3280 — and it’s acting like it knows it.

⚡ Possible Scenarios:
🔁 Scenario 1: Range Play

• Short near 3380
  
  
• Long near 3280
  

Let it ping-pong and catch the edges.

📈 Scenario 2: Breakout Long

• Confirmation above 3380
  
  
• Look for momentum follow-through into 3420+
  

📉 Scenario 3: Breakdown Short

• Break below 3280
  
  
• Eyes on the 3220s for a potential flush
  

🧠 The key? Drop to the lower time frames near these zones and wait for clean setups during active sessions — especially NY open or post-data volatility.

💬 How are you playing this? Breakout or bounce? Drop your take 👇

#gold #tradingview #futures #technicalanalysis #metals #xauusd #tradingstrategy #macro

1 Mei

Nota

💥 Textbook Breakdown Just Hit on Gold
Range support → bounce → neckline snapped.
Now the head & shoulders measured move targets down near 3100 🤯

What I’m watching now:

Neckline retest rejection? That’s the ideal confirmation.

If it holds, downside pressure could build fast.

Watch for traps near 3220–3250 before continuation.

🧠 This is a clean setup — structure, volume, and levels all lining up.
Are we heading for 3100 flush or a fakeout bounce?

Drop your plan 👇

2 Mei

Nota

📉 GOLD UPDATE – 3280 Retest + NFP Catalyst Incoming

Gold’s pulling back into the 3280 neckline zone — the key level where breakdowns either confirm or fail.

🧠 What to watch:

Sell pressure is expected around 3280–3290 (old support = possible resistance)

If that zone holds → H&S breakdown is active → 3100 target in play

But if bulls reclaim 3280 and push through with momentum, we could see a run to 3370s

⚠️ Friday's NFP report could be the trigger either way — don't underestimate the potential for volatility.

🎯 Bias: leaning short unless we see a clean reclaim above 3280 with strength.
📸 Chart attached — let price and NFP do the talking.

What’s your plan into the print? 👇

2 Mei

Dagangan aktif

🎯 GOLD TRADE UPDATE — Short Triggered on the 5min

Caught the pullback we were waiting for — entered short based on a clean confluence:

✅ Bear Flag Breakdown
✅ 5-Min RSI Bearish Divergence
✅ Rejection off the Purple EMA (dynamic resistance)
✅ Structure break confirmed

This is now an active trade, looking to target the full head & shoulders measured move down near 3208.

NFP’s out — volatility hit, but structure held. Let’s see if sellers stay in control now that the dust is settling.

📸 Chart attached. Trade’s live — managing risk and watching lower timeframes for continuation or early signs of failure.

4 Mei

Nota

Moving stop loss to break even.

5 Mei

Dagangan ditutup: hentian tercapai

I'm out