🟩 GOLD Deal of the Day, Trading the correction (28 - 29 MAY)

Added: 2026-05-28

[00:00:00]Yesterday, we have sent a signal to sell the gold from double 472. And as you can see, the gold actually, my friends, has reversed just by around 50 pips from our entry and went in over 1,000 pips in our favor. And we actually have missed the entry. However, in today morning, I actually have made here a poll on my channel on Telegram asking my followers if they still have took the signal. Thankfully, at least 87 traders voted for yes, we got earlier.

[00:00:28]So, again, my friends, make sure to join this free channel to remain connected to us through Telegram. That channel name is extreme gold signals, and you can also find the link in the description below of this video. However, let's now see what you can do next with the gold with the deal of today.

[00:00:44]So, today's deal is going to be just like a scalping gold. Now, I believe that the gold right now is indeed bearish, but right now it's making a pullback. But let me just now clear something. If we move to the 4-hour time frame right now, as you can see, the gold actually, my friends, is right now retesting the real the real level of a support at the bracket of 4,380.

[00:01:06]However, it's important to remember that based on also on the 4-hour time frame, actually, I have to delete the old signal because we cannot actually analyze uh that chart like this. So, based on the current chart that we have, we also have right here, of course, that is a support trend line number one, support trend line number two, number three.

[00:01:26]And pay attention. Right now, this the the gold actually has made here a pullback upon the pressure of that support zone, and right now it's going to continue the rise to retest the broken support trend line.

[00:01:37]Now, in my expectations, the gold will continue the bearish fall. But for the sake of a deal of today, we actually can consider buying it as a scalping signal.

[00:01:47]So, let me just now move back to the 1-hour time frame. And right now, we can notice here, of course, a very strong key level of a support, as you can see at the bracket of 4,400.

[00:01:59]In my expectations, and also if we draw the Fibonacci retracement from this high right here to this low, as you can see right here, it's actually pointing at Fibonacci 38.2, which is known as the continuation retracement. That being said, we actually can assume that the gold might actually retest the same level of Fibonacci retracement, specially knowing that right here we have, of course, a real level of a support face here a fake break out from this area. And if the gold is going to actually be retesting this area and reverse back, we will actually end up with an inverted head and shoulders pattern, which indicates a continuation in the rise.

[00:02:39]That being said, this deal of the day suggest to consider buying the gold from 4,404, targeting the previous level of a broken support right here exactly at 4,476, aiming around 700 pips with this signal.

[00:02:56]Meanwhile, the stop loss for this signal, actually, let me just now delete this so it will not confuse us.

[00:03:02]The stop loss for this deal is going to be just at right at the bottom of the support at 4,370, which means the stop loss is going to be around 300 and 300 and 30 pips against 700 pips. Let me now, my friends, please write the signal for you.

[00:03:21]Now, please allow me to clear few things for everybody here. Let's say if this signal will instantly reach the target before reaching our sell area. What should we do? Sorry, before reaching our buy area. What should we do? Do not take it. Because we're actually analyzing that the gold will continue the rise to retest the broken support right here exactly at 4476, and also which was in the past a real level of a resistance, as we can see right here. So, meaning this level of a resistance most likely is going to be revisited again. That being said, if this signal, my friends, will reach the target before reaching our entry, then if it goes back to our entry, then do not take it. Also, I still believe that overall, gold is is still bearish. But what trading right now is just a correction, which means we have to be very careful with this signal as it might easily fail if the gold is going to face a strong bearish momentum.

[00:04:15]Remember, we are just a scalping at this time. That's why it's called the deal of the day. It's not an analysis. It's just a deal of the day for the gold. And just again, my friends, remember it might easily fail at this time when actually the the war between United United States and Iran is getting right now more complicated. Right now, we are not really sure are they even going to announce a deal or not. No one is really sure about that, guys.

[00:04:43]The the deal that we actually were hoping for is not right now fading away.

[00:04:48]And things are getting even more complicated right now after the US actually has launched a strike against Iran recently. So, what will going to happen next? No one knows.

[00:04:58]Gold right now is in a big chaos. And right now, we have to be very careful trading it. Also, make sure to stay connected to us through Telegram to receive all updates about these signals that we're getting here on YouTube. The channel name again is Extreme Gold Signals, and you can also find the link in the description below of this video.

[00:05:16]So, until then, I hope that was informative to you, and I would like to say thank you for watching.

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