📊Gold (XAU/USD) Analysis - Weekly Forecast
📈Technical Overview:-
Current Structure: Price is trading inside a descending channel, showing a corrective phase after a strong bullish move.
Key Zones:
SBR (Support Becomes Resistance) at ~$3,280–$3,320.
POI (Points of Interest) below at ~$3,220 and deeper at ~$3,140–$3,120.
🔖 Forecast Scenarios:
Bullish Breakout Scenario:
If price breaks above the descending channel and clears the SBR zone (~3,320),
Expect continuation to the upside, potentially targeting $3,360–$3,380 as the next resistance.
Rejection & Pullback Scenario:
If price gets rejected at the upper channel boundary or SBR, it may pull back to the POI zones at $3,220 or even $3,140.
A bounce from these POIs could offer long entries for a reattempt at breaking structure.
Deeper Pullback & Buy Setup:
A more aggressive drop into the lower POI (~$3,140) would likely attract strong institutional demand, offering a high-RR buy opportunity back into the channel.
📈Technical Overview:-
Current Structure: Price is trading inside a descending channel, showing a corrective phase after a strong bullish move.
Key Zones:
SBR (Support Becomes Resistance) at ~$3,280–$3,320.
POI (Points of Interest) below at ~$3,220 and deeper at ~$3,140–$3,120.
🔖 Forecast Scenarios:
Bullish Breakout Scenario:
If price breaks above the descending channel and clears the SBR zone (~3,320),
Expect continuation to the upside, potentially targeting $3,360–$3,380 as the next resistance.
Rejection & Pullback Scenario:
If price gets rejected at the upper channel boundary or SBR, it may pull back to the POI zones at $3,220 or even $3,140.
A bounce from these POIs could offer long entries for a reattempt at breaking structure.
Deeper Pullback & Buy Setup:
A more aggressive drop into the lower POI (~$3,140) would likely attract strong institutional demand, offering a high-RR buy opportunity back into the channel.
🚨Bias Summary:
Short-Term Bias: Neutral to bearish (until breakout confirmed).
Medium-Term Bias: Bullish if price holds above POIs and breaks channel/SBR structure.
Short-Term Bias: Neutral to bearish (until breakout confirmed).
Medium-Term Bias: Bullish if price holds above POIs and breaks channel/SBR structure.
SL: 30 Pips
⚠️
THIS IS NOT FINANCIAL ADVISE...
ALWAYS USE PROPER RISK MANAGEMENT...
⚠️
THIS IS NOT FINANCIAL ADVISE...
ALWAYS USE PROPER RISK MANAGEMENT...
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Follow the steps below: 👇🏽👇🏽👇🏽👇🏽
✅Step 1: Create a Brokerage Account with this link >> https://one.exnesstrack.org/a/0rqvjitfb2
✅step 2: Create a Real trading account with leverage of 1:2000 or 1: Unlimited (for the unlimited leverage you have to meet some requirements)
✅step 3: Verify & Fund your account with a minimum of $30
✅step 4: Download & install the MT5 platform on both your Laptop/desktop and mobile phone...(if you haven’t done so already)...
After you've completed the steps above, Send me a message...
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Answer:- Exness is the best platform.
✅ 1. Request change of IB (Introducing Broker) by sending a message to support and inform them that you want to change partner.
✅ 2. Then they will forward you a link to a short form to make changes.
✅ 3. Fill it as follows:-
Question. Select reason for partner chnage.
Answer:- Education
Question. New partner's link or wallet account number.
Answer:- https://one.exnesstrack.org/a/0rqvjitfb2
Question. Where did you find your new partner?
Answer. Telegram
Question. Leave a comment.
Answer:- Exness is the best platform.
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Gold XAUUSD Market Analysis:-
Tuesday May 6th 2025
🔍 Market Structure & Price Action Summary;-
Descending Channel Breakout: Price has decisively broken out of the descending channel to the upside, signaling a shift in short-term momentum from bearish to bullish.
SBR Levels Flipped: Both previously marked SBR (Support Becomes Resistance) zones have been broken and are now likely to act as support zones on a potential retest:
Minor SBR around $3,280–$3,300
Key SBR zone around $3,320–$3,340
Current Price Action: Gold is trading at around $3,360, after a strong bullish impulse, slightly retracing from the local high near $3,387.
📌 Key Technical Levels
Immediate Support Zones:
$3,320–$3,340: Recent breakout zone – could offer a bullish retest opportunity
$3,280: Second layer support – previous consolidation resistance
Resistance/Target Zones:
$3,400–$3,420: Local swing high and psychological resistance
$3,450+: Continuation target if bullish momentum persists
Tuesday May 6th 2025
🔍 Market Structure & Price Action Summary;-
Descending Channel Breakout: Price has decisively broken out of the descending channel to the upside, signaling a shift in short-term momentum from bearish to bullish.
SBR Levels Flipped: Both previously marked SBR (Support Becomes Resistance) zones have been broken and are now likely to act as support zones on a potential retest:
Minor SBR around $3,280–$3,300
Key SBR zone around $3,320–$3,340
Current Price Action: Gold is trading at around $3,360, after a strong bullish impulse, slightly retracing from the local high near $3,387.
📌 Key Technical Levels
Immediate Support Zones:
$3,320–$3,340: Recent breakout zone – could offer a bullish retest opportunity
$3,280: Second layer support – previous consolidation resistance
Resistance/Target Zones:
$3,400–$3,420: Local swing high and psychological resistance
$3,450+: Continuation target if bullish momentum persists
📈 Today's Trade Ideas:-
✅ Scenario 1: Bullish Retest & Continuation
Bias: Buy on dip
Entry Zone: $3,320–$3,340 (bullish retest zone)
Stop Loss: Below $3,300
Target: $3,400 → $3,420 → $3,450
Confirmation: Look for bullish engulfing or pin bar on 1H/4H near support
🚫 Scenario 2: Fake Breakout / Deeper Pullback
If price breaks back below $3,320, it may revisit $3,280, or even $3,220
Watch volume and candle reaction on pullback zones before re-entering long
📊 Conclusion:-
Gold has broken out of the bearish structure and shows bullish momentum. Today’s most probable scenario favors buying the dip into support zones ($3,320–$3,340) for a continuation toward $3,400+.
✅ Scenario 1: Bullish Retest & Continuation
Bias: Buy on dip
Entry Zone: $3,320–$3,340 (bullish retest zone)
Stop Loss: Below $3,300
Target: $3,400 → $3,420 → $3,450
Confirmation: Look for bullish engulfing or pin bar on 1H/4H near support
🚫 Scenario 2: Fake Breakout / Deeper Pullback
If price breaks back below $3,320, it may revisit $3,280, or even $3,220
Watch volume and candle reaction on pullback zones before re-entering long
📊 Conclusion:-
Gold has broken out of the bearish structure and shows bullish momentum. Today’s most probable scenario favors buying the dip into support zones ($3,320–$3,340) for a continuation toward $3,400+.