QuinnReed_Charts

QuinnReed_Charts Updated  4 hours ago

Gold volume has been shrinking over time, signaling reduced momentum. The price is approaching the 3403–3405 resistance zone, which aligns with a well-respected trendline. This area can serve as a potential reversal point for a short setup. If price rejects this zone, downside movement toward 3384 becomes likely. A stop loss above 3414 protects against...

QuinnReed_Charts Updated  Aug 27

Gold continues to trade inside an ascending channel, holding bullish structure as long as the trendline support remains intact. Price is currently consolidating near the midline, with immediate support seen at 3375–3377. A successful retest and hold of this zone would confirm continuation toward the channel highs. Upside targets remain at 3401, aligning with the...

QuinnReed_Charts Updated  Aug 26

XAUUSD Weekly Outlook (Swing Trading Perspective) Gold has broken out of the descending channel after Powell hinted at potential rate cuts on Friday, which has shifted market sentiment bullish. Currently, price is hovering at 3371 above a key demand zone around 3349 – 3355, which also aligns with the channel breakout & retest. A pullback into this zone would...

QuinnReed_Charts Updated  Aug 21

Gold has broken out of its bearish channel and is now showing signs of retesting the broken trendline. Price action suggests that the 3332/34 zone (highlighted with confluence from structure support and channel retest) will be key for buyers to step in. As long as price holds above this area, bullish momentum is likely to resume. The target at 3357 aligns with...

QuinnReed_Charts Aug 20

Gold trading in bearish channel with price at 3324 after support at 3312. Resistance zones: 3329-3331, 3340-3343. Low volatility indicates consolidation. Potential for a retest of 3312 if bearish momentum resumes. Watch for a break above 3341 as it could signal a trend reversal. Trading Idea:1 Entry: 3329-3331 Stop Loss: 3338 Take Profit: 3312 Condition: Bearish...

QuinnReed_Charts Updated  Aug 19

Price is currently testing the mid-zone resistance around 3345–3348, which also aligns with the descending trendline. Bullish Scenario: If price closes above 3348 and retests successfully, it opens room for a move toward 3367–3370 levels. Bearish Scenario: If price fails to break and sustain above this resistance zone, rejection may trigger a drop back toward the...

QuinnReed_Charts Aug 19

BTCUSD is currently consolidating near 115,000–115,500 after rejecting lower support around 114,500–114,700. The descending trendline has capped upside attempts, but structure is showing signs of accumulation. A confirmed breakout above 115,500 and successful retest would signal continuation, opening the way toward the 118,000 supply zone. As long as price holds...

QuinnReed_Charts Updated  Aug 18

Price is currently trading within a descending channel. A key breakout zone is forming. If price breaks above 3355/58 and retests successfully, it opens room toward the 3381 level. Conversely, if price breaks below 3345/48 and retests, downside continuation may occur toward the 3325 area. Additional View: Momentum shows early signs of bullish exhaustion after...

QuinnReed_Charts Updated  Aug 14

Price has reached a major support zone at 3341–3344, which has been respected multiple times in recent sessions. Scenario 1 (Bullish Bounce): If this level holds and we see bullish confirmation (strong reversal candle or market structure shift on lower timeframes), a potential upside move can follow targeting 3358–3363 short term. Scenario 2 (Deeper Liquidity...

QuinnReed_Charts Aug 12

Gold is currently moving sideways within the range of 3341/44 to 3356/59. Price is consolidating between these levels, creating a clear short-term support and resistance zone. Unless price breaks out and retests on either side of this range, no trades should be taken. Watch CPI data and other confirmations before entering in the breakout direction. Trading...

QuinnReed_Charts Aug 11

Price has recently broken below the ascending trendline and is currently trading beneath a key supply zone between 3375–3380. After the trendline break, the market has shown a strong bearish impulse followed by consolidation, suggesting potential continuation to the downside. If price retraces back into the 3375–3380 area and shows clear signs of rejection (such...

QuinnReed_Charts Updated  Aug 8

Price is currently respecting the ascending trendline and a nearby demand zone around 3385. If price holds above this level, a potential long setup may develop. Entry: Around 3385 (upon confirmation of support holding) Stop Loss: Below 3375 (invalidate if this low breaks) Target: Previous swing high near 3409 The setup aligns with the ongoing bullish structure....

QuinnReed_Charts Aug 7

XAUUSD Intraday Setup Short Setup in between 3382–3392 Resistance Price is approaching a key supply zone between 3382 and 3392, where previous equal highs were swept. This area may act as a reversal zone. Looking for bearish confirmation within this range to initiate short positions. Stop Loss: 3397 Target: Previous swing lows around 3352–3355 Bearish bias...

QuinnReed_Charts Aug 6

Entry: 3373–3378 (on retracement into 1H supply zone) Stop Loss: 3385 (above recent swing high) Take Profit: 3352 (targeting previous low / 1H demand) Bias: BearishRRR: ~2.5:1 Analysis: Price showed strong rejection from the 3373–3378 supply zone. Expecting a pullback into this area before continuation lower. Bearish structure remains intact with clean lower...

QuinnReed_Charts Updated  Aug 5

Price is currently reacting off a key 15-minute demand zone between 3352 and 3355, which has previously acted as a strong support level. Bullish rejection wicks within this area suggest buying interest and a possible short-term reversal. The bias is bullish for a retracement move. A potential long opportunity exists from the 3352–3355 support zone, targeting the...

QuinnReed_Charts Aug 4

XAUUSD Weekly Outlook (SWING) Price is currently approaching a crucial resistance and supply zone between 3363 – 3373. This area has historically acted as a strong rejection point and remains a significant decision level for upcoming market direction. Bullish Scenario: If price breaks and closes above the 3363–3373 zone and later retests it...

QuinnReed_Charts Updated  Jul 3

Gold has formed a Head and Shoulders (H&S) pattern on the H4 timeframe. While the pattern is not perfectly symmetrical, it is still valid and clearly recognizable. The price has broken below the neckline, confirming a potential shift in market structure to the downside. Analysis Insight: The 3340–3350 area, previously a support zone, is now acting as resistance...

QuinnReed_Charts Jun 26

Gold is currently respecting an ascending channel, showing consistent higher highs and higher lows. Price is now testing the upper boundary of this channel and approaching a key supply zone (3353–3357), which previously triggered a strong sell-off. Key Zones: 🔼 Sell Zone: 3353–3357 (confluence of supply + channel resistance) 🔽 Buy Zone: 3325–3329 (demand zone +...