Gold Facing Resistance in Downward Channel – Short Setup Imminenescription:
Market Overview
In the provided 4-hour chart for Gold Spot / U.S. Dollar (XAUUSD) from OANDA, the price action is showing clear signs of a corrective, bearish structure. After hitting a local peak in mid-May, Gold has been respecting a well-defined descending channel/wedge formation, characterized by lower highs and lower lows.
Technical Breakdown
Trend & Structure: The overall short-term trend is bearish. Price recently attempted to rally but faced strong dynamic resistance at the upper boundary of the descending channel (indicated by the blue trendlines).
Consolidation Zone: There is a clear consolidation rectangle highlighted in purple around the 4,500–4,600 region. The price has broken below this zone, retested it as resistance, and is now rejecting lower.
Current Price Action: XAUUSD is currently trading at 4,460.025, indicating immediate selling pressure as the current 4h candle develops.
Trade Execution Strategy (Short Position)
A short trade setup has been outlined based on the rejection from the upper resistance trendline:
Entry Point: Market execution around the current level (~4,460.00).
Stop Loss (SL): Placed just above the recent local swing high at 4,516.555 to protect against a potential breakout.
Take Profit (TP): Targeted at the psychological support and recent structural lows around 4,248.824.
Risk-to-Reward: This setup offers an attractive risk-to-reward ratio, targeting a continuation of the black path projection toward the bottom of the current range.
Note: Watch for immediate minor support around the 4,398.666 level (blue horizontal line). A clean break below this line will accelerate the bearish momentum toward the final target. 
Long
Long 
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XAU/USD Bearish Rejection at Resistance – Potential Drop Toward Gold (XAU/USD) is showing signs of bearish rejection after testing the 4,590–4,595 resistance zone. Price failed to maintain bullish momentum and formed a lower high, increasing the probability of a downward move. The chart highlights a potential bearish path targeting the major support area around 4,365–4,368. As long as price remains below resistance, sellers may retain control and push the market lower. Traders should monitor price action around the marked supply zone for confirmation before entering positions. Proper risk management is essential due to upcoming market volatility and economic events.
Key Levels:
Resistance: 4,591 – 4,595
Current Price: 4,535
Target Support: 4,365 – 4,368
Bias: Bearish 📉
This analysis is for educational purposes only and not financial advice. Long 
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Bitcoin chart analysis May 29Hello
It's a Bitcoin Guide.
My analysis is optimized for TradingView.
If you press the Replay button, you can check real-time movements.
This is the Bitcoin 30-minute chart.
*Long Position Strategy: Before and after touching the purple finger zone #1 at the top
1) After confirming the touch of the purple finger zone #1 at the top,
Sky blue finger at $74,148.9 is the entry point for a long position / Stop loss if the purple support line is broken.
2) $75,799 is the 1st target for a long position -> Good 2nd target.
If the strategy is successful, $75,139.7 is the zone to utilize for re-entering the long position.
- If it drops immediately without touching the purple finger zone #1:
Lower zone #2 at 72.8K is the entry point for a long position / Stop loss if the green support line is broken.
If the green support line is broken, the Bottom zone at the bottom
(Mid-term Uptrend Line)
Although not visible on the screen, it could drop further down to 70.6K.
Before the June candle forms next month, the further the price moves upward over the weekend, the more favorable it is for long positions.
That is all for now. Please use my analysis merely as a reference and for practical application.
I hope you operate safely by adhering to trading principles and strictly using stop-loss orders.
Thank you. Long 
XAUUSD 2H Parallel Channel Bullish Reaction SetupThis is my 2H Gold analysis, where the market is currently respecting a well-formed parallel channel structure. One thing that stands out clearly is the strength of demand inside this channel. Buyers have been responding aggressively whenever price reaches key demand areas, while the recent selling pressure appears weaker in comparison.
After studying the structure, I marked a reversal zone near the lower side of the channel. This zone is important because it aligns with both the channel support and the recent demand reaction area.
My expectation is that the market may revisit this reversal zone before making its next move. There is still some pending liquidity resting above the market, and price often likes to collect that liquidity before any larger directional move develops. Because of that, I do not currently expect a direct bearish continuation from the current level.
For now, the main focus is simple:
Price reacting inside the marked reversal zone
Any strong bullish candle confirmation from the zone
Potential liquidity grab toward the upper area of the channel
If the market forms any strong positive candle or bullish confirmation inside the reversal zone, then we could see another push toward the upside and a move into the pending liquidity area.
Since this is the first trading day of the week, market conditions can remain a little unstable until more volume enters the market. That is why I will be watching the reaction inside the reversal zone very closely before making any directional decision.
This analysis is based on MMC concepts designed by Candle King. His concepts have helped me understand market structure, supply-demand behavior, and reversal zones with much greater clarity. Long 
Long
Education
Education
Education
SELLERS ARE ABOUT TO GET WIPED OUT IN GOLDSo yesterday I clearly warned everyone not to panic sell gold. I know we saw a strong selling move, but honestly this was not smart money selling. This move was mainly driven by retail stop-loss hunting.
All those traders who were chasing buys near or below $4500, or those who entered buying at $4500 with wide stop-losses, all of them got taken out. This move was designed to hit liquidity, wipe out retail traders, and break buyer confidence.
But the real money, institutional money, is likely to come into buying, and in my view that process has already started.
Yesterday I gave downside targets and all of them were achieved. Even in my weekly analysis, the support levels I marked were respected perfectly, and from there the market is now showing signs of reversal.
If you look closely, gold saw strong selling, but from the key level of $4367 we got a sharp upside move. On the 1H timeframe, price spent almost 8 hours at the lows, which clearly shows a strong battle between buyers and sellers. Eventually buyers took control and we saw a strong bullish candle on the 4H timeframe.
This upside move was so sharp that sellers didn’t even get time to manage their trades and most of their stop-losses got hit quickly. But still, a majority of traders are in selling positions and even now fresh sellers are entering the market.
The reason is simple. Last week gold was taking support around $4500 and an inverse head and shoulders pattern was clearly visible. Because of that many traders became confident in buying. But this week the market gave a strong breakdown below that previous weekly low, and interestingly today gold used that same previous low as resistance and continued selling.
This created a perfect psychological trap. Retail traders saw a lower high structure and resistance rejection, so many of them entered sells, especially in the Asian session. Even now they are holding those positions expecting more downside.
But think smartly. When gold broke $5000 earlier, we saw a sharp fall. So when gold struggled around $4500 for two weeks and then broke it, traders expected a similar move again. Now most sellers are targeting $4100 and even lower.
But this is exactly where the trap is.
I strongly believe that the recent low around $4366–$4367 will not be broken. Instead, the market is likely to create a structural shift from here, trapping sellers and moving upward.
Also expect the market to behave in a tricky way. Selling may happen slowly to attract more sellers, while buying will happen sharply so that most traders don’t get proper entries.
This is how smart money operates.
Another important thing to notice is that when gold broke $5000, the selling was aggressive and involved both institutions and retail, which created panic in the market. But this time the behavior is different.
The strong buying from key levels suggests that if the selling was genuine, we would not see such aggressive buying reactions. Also, retail stop-losses are placed below, not above, which confirms this move was more about liquidity than real selling.
Now coming to the plan.
For me, $4367 is a strong support. Along with that, the zone between $4393 and $4418 is also a strong support area. I don’t expect the market to close below $4393. As long as price holds above these levels, gold is likely to continue moving upward while trapping sellers.
There is also an important zone between $4446 and $4465. As long as gold is below this zone, you may see some temporary selling, but overall direction remains bullish. Once this zone breaks, we can expect a strong upside move.
The reason is that many sellers have entered below $4500 with stop-losses above it. Once the market starts moving up and breaks key zones, those stop-losses will get triggered, fueling further upside.
So the plan is clear. Look for buying opportunities at key support levels with proper confirmation and avoid emotional selling.
Gold is now more likely to move upward while trapping sellers.
What’s your plan on gold? Let me know.
