XAUUSD PLAN – Gold Drops $30 in Asia as Month-End Profit Taking Hits Hard
After a sharp rebound candle yesterday, gold unexpectedly reversed in the Asian session, plunging over $30 as market participants rushed to exit positions ahead of the monthly close. The move reflects strong technical rejection and potential macro pressure.
🌐 MACRO OUTLOOK – US-CHINA TRADE TENSIONS BACK IN FOCUS
Trade negotiations between the US and China are showing renewed signs of strain, especially around tariff policies.
The uncertainty has not triggered safe-haven flows into gold—a sign of waning momentum.
Dollar Index (DXY) remains range-bound, offering no clear direction.
Broad market sentiment indicates institutional cash-out behavior ahead of the weekly and monthly candle closes.
📉 TECHNICAL OUTLOOK – BEARISH STRUCTURE STILL INTACT
Gold is respecting a downward sloping channel on the H1 timeframe.
Price failed to hold above EMA 200, reinforcing bearish bias.
EMA 13 – 34 – 89 – 200 are in bearish alignment, showing continued downside momentum.
Support at 3274 – 3276 is a key reaction zone for potential scalping opportunities.
🔑 KEY PRICE LEVELS TO WATCH
🔴 SELL ZONE: 3322 – 3324
Stop-Loss: 3328
Take-Profit: 3318 → 3314 → 3310 → 3306 → 3300 → 3295 → 3290 → 3280
🟢 BUY ZONE: 3266 – 3264
Stop-Loss: 3260
Take-Profit: 3270 → 3274 → 3278 → 3282 → 3286 → 3290 → 3300
⚡ BONUS SCALP SETUPS
Support Zone 3274 – 3276 → Look for bullish rejection for a quick BUY SCALP (Target: 50 pips / SL: 50 pips)
Resistance Zones 3302 – 3304 and 3310 → Watch for early rejection to enter SELL SCALP, with extended downside targets.
📌 STRATEGY NOTES
Priority: Short-term sell bias unless price reclaims 3310 with momentum.
Avoid trading in the mid-range; wait for price to reach key reaction zones.
Today’s structure favors liquidity sweeps, so patience and disciplined entries are crucial—especially during London and NY overlap.
After a sharp rebound candle yesterday, gold unexpectedly reversed in the Asian session, plunging over $30 as market participants rushed to exit positions ahead of the monthly close. The move reflects strong technical rejection and potential macro pressure.
🌐 MACRO OUTLOOK – US-CHINA TRADE TENSIONS BACK IN FOCUS
Trade negotiations between the US and China are showing renewed signs of strain, especially around tariff policies.
The uncertainty has not triggered safe-haven flows into gold—a sign of waning momentum.
Dollar Index (DXY) remains range-bound, offering no clear direction.
Broad market sentiment indicates institutional cash-out behavior ahead of the weekly and monthly candle closes.
📉 TECHNICAL OUTLOOK – BEARISH STRUCTURE STILL INTACT
Gold is respecting a downward sloping channel on the H1 timeframe.
Price failed to hold above EMA 200, reinforcing bearish bias.
EMA 13 – 34 – 89 – 200 are in bearish alignment, showing continued downside momentum.
Support at 3274 – 3276 is a key reaction zone for potential scalping opportunities.
🔑 KEY PRICE LEVELS TO WATCH
🔴 SELL ZONE: 3322 – 3324
Stop-Loss: 3328
Take-Profit: 3318 → 3314 → 3310 → 3306 → 3300 → 3295 → 3290 → 3280
🟢 BUY ZONE: 3266 – 3264
Stop-Loss: 3260
Take-Profit: 3270 → 3274 → 3278 → 3282 → 3286 → 3290 → 3300
⚡ BONUS SCALP SETUPS
Support Zone 3274 – 3276 → Look for bullish rejection for a quick BUY SCALP (Target: 50 pips / SL: 50 pips)
Resistance Zones 3302 – 3304 and 3310 → Watch for early rejection to enter SELL SCALP, with extended downside targets.
📌 STRATEGY NOTES
Priority: Short-term sell bias unless price reclaims 3310 with momentum.
Avoid trading in the mid-range; wait for price to reach key reaction zones.
Today’s structure favors liquidity sweeps, so patience and disciplined entries are crucial—especially during London and NY overlap.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚜️ Trade with Money Market Flow, logic, Price action 📉📈
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
⚜️Risk Reward 1.3 to 2.5...
⚜️Daily 8 to 15 Signals Vip
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.