XAU/USD: Gold at a Critical Crossroad: Will $2930 Hold or Break?
By analyzing the gold chart on the two-hour timeframe, we can see that the price followed the expected bearish movement yesterday, correcting from its recent high of $2928 down to $2900 before finding temporary support. Currently, gold is trading around $2916, showing signs of indecision as it consolidates within a key range.
🔍 Key Levels & Liquidity Considerations
A significant liquidity pool exists between $2928 and $2930, which could act as a magnet for price. If gold moves toward this range, we might witness liquidity collection before a potential strong rejection and deeper decline.
As long as gold remains below $2930, the bearish outlook remains intact, and further corrections toward $2900 and potentially lower levels could unfold. However, if buyers manage to push the price above $2930 and sustain a breakout with clear confirmation and bullish momentum, we could see gold targeting levels above $2950 in the coming sessions.
📌 Primary & Alternative Scenarios:
🔹 Primary Bearish Scenario: A move into the $2928-$2930 liquidity zone, followed by rejection and continuation of the correction.
🔹 Alternative Bullish Scenario: A clean breakout above $2930 with a strong close and confirmation, leading to further bullish expansion toward $2950+.
🎯 Final Outlook
At this stage, the bearish bias remains dominant, but traders should carefully monitor price action near key liquidity zones before executing positions. Watching how gold reacts around these critical levels will be crucial in determining the next major move.
Stay updated as we track the market closely! 🔥
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
🔍 Key Levels & Liquidity Considerations
A significant liquidity pool exists between $2928 and $2930, which could act as a magnet for price. If gold moves toward this range, we might witness liquidity collection before a potential strong rejection and deeper decline.
As long as gold remains below $2930, the bearish outlook remains intact, and further corrections toward $2900 and potentially lower levels could unfold. However, if buyers manage to push the price above $2930 and sustain a breakout with clear confirmation and bullish momentum, we could see gold targeting levels above $2950 in the coming sessions.
📌 Primary & Alternative Scenarios:
🔹 Primary Bearish Scenario: A move into the $2928-$2930 liquidity zone, followed by rejection and continuation of the correction.
🔹 Alternative Bullish Scenario: A clean breakout above $2930 with a strong close and confirmation, leading to further bullish expansion toward $2950+.
🎯 Final Outlook
At this stage, the bearish bias remains dominant, but traders should carefully monitor price action near key liquidity zones before executing positions. Watching how gold reacts around these critical levels will be crucial in determining the next major move.
Stay updated as we track the market closely! 🔥
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade active
By analyzing the gold chart on the 2-hour timeframe, we can see that yesterday, the price entered the $2928 - $2930 zone, where it faced strong selling pressure, leading to a sharp decline from $2929.87 to $2890. This strong and significant drop was halted upon reaching a key support zone, and currently, gold is trading around $2905. If the price remains below $2916, we could see a continuation of this downward movement, with the next potential targets at $2884 and $2878. Traders should closely monitor price action for confirmation of further bearish momentum.
This analysis will be updated accordingly!
Before
After
Trade closed: target reached
Upon analyzing the gold chart on the two-hour timeframe, we can see that despite multiple attempts to break above $2916, the price failed to close above this level during a six-hour struggle and instead corrected down to $2895. However, after reaching this support zone, demand pressure kicked in, pushing gold back up to $2922 so far. Today, we have a high-impact economic calendar featuring:
📌 NFP (Non-Farm Payrolls)
📌 Average Hourly Earnings
📌 Unemployment Rate
📌 Speeches from Jerome Powell & Donald Trump
These events could cause significant market volatility, especially with the NFP release in less than an hour! If the NFP figures come in higher than expected, the USD will likely strengthen, leading to a gold decline. Conversely, weaker-than-expected data could boost gold’s bullish momentum.
🔍 Based on market dynamics, I anticipate a potential liquidity grab above $2930 before a clearer trend emerges. However, we remain patient and will wait for the actual data release before making further judgments!
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⚜️ Contact Me : t.me/ArmanShabanTrading
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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.
Join me for more Free Signals and New Analyzes In the Public Channel :
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ Contact Me : t.me/ArmanShabanTrading
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.