Dear traders,

Last time I shared with you my thoughts on EURUSD.

The pair was at a crossroad and guess which way it took?

Here it is on the Daily:

Since I posted this, the price has gone down by over 250 pips.

Here is where the short signal was on the 4H chart:

Two clear signs for the ones who read them.

The question now is what’s happening on the Gold market and would we have a similar trading opportunity?

Gold’s Insane Run- Time for Correction?

It has been a crazy run.

We are up 68% from the beginning of 2025 to be precise:

In situations like that it is most reasonable to wait for a pullback and then join the bulls.

So, I would not recommend going against such a strong uptrend.

On the other side, the price might be ripe for a smal correction.

Here is what I am looking at.

Gold- The Technicals

We have reached a minor supply zone.

Here it is:

This is the Daily timeframe.

It is possible that we see a bearish engulfing pattern at close today.

If this happens, this will probably raise some alarms amongst the bearish traders.

Even if I short Gold, I will be extremely careful.

I would like to get a secondary confirmation from the 4H chart.

I would like to see the price coming back to this zone and re-testing it from below and possibly rejecting it:

I will be looking for an inverted pin bar or a bearish engulfing pattern, or even an inside bar.

If this happens, I might take a short position and watch it very closely.

Don’t forget that we are in a major uptrend.

But this does not mean that the market will not present us with shorting opportunities.

This could also be an ideal place for the bulls to take some profits off the table and re-invest elsewhere.

Stay safe and happy trading,
Atanas