DOLD: Projection for Next Week (May 20–24, 2025)

17 mag

Hello Traders

Are you ready for the next week?!
here is my understanding and analysis for the next week:

📊 Technical Summary
Current Price: ~$3,201.78
Recent Trend: Short-term downtrend after reaching a peak (~$3,500).
Candle Pattern: A small-bodied candle near the bottom suggests indecision or potential short-term support.
Support Zone: Around $3,160–$3,120, already tested last week.
Resistance Zone: Around $3,280–$3,320, which aligns with recent highs before the pullback.

✅ Bullish Case (Short-Term Rebound Likely If):
Price holds above $3,165.
Daily/4Hr closes above $3,240, leading to a retest of $3,280–$3,320.
Candles form a bullish engulfing — keep an eye on Monday/Tuesday sessions.

❌ Bearish Case (Further Drop If):
Daily/4Hr closes below $3,165, targeting $3,120–$3,080 next. Break below $3,080 would open the path toward $3,035.

🧠 Careful:
Use lower timeframes (H1/H4) early next week to:
Confirm direction (e.g. bullish reversal patterns)
Spot liquidity grabs or false breaks around $3,165

The price and notes are written on the chart. TP= Target Point

Good Luck! GOLD https://www.tradingview.com/x/5dnrp0O3/

24 mag

Trade chiuso: obiettivo raggiunto

Hello Everyone
as expected after Candle closure above 3,240 both Target point reached 3,280 and 3,320.
Congrats for those who took the opportunity.

I will keep you updated with the next publication to analyze Gold's move for next week!!

Regards