XAU/USD PLAN – 26/05 | Gold at Crossroads: Will It Break Through 3366 or Reversal Ahead of NFP Week?
Gold is currently testing a key resistance zone following a sharp rebound last week. With the Fed maintaining its hawkish stance and US-EU trade tensions on hold, the market is in a wait-and-see mode, creating an ideal environment for structured trades.
🌍 MACRO CONTEXT:
Trump Delays 50% Tariffs on the EU Until July 9: This temporarily reduced market tension, but the long-term risks remain.
US 10-Year Yields Surge Above 4.55%: Bond markets are still pricing in tighter financial conditions, supporting the USD.
The Fed Faces Operational Pressure: The Fed continues to trim its workforce by 10%, signaling internal challenges as rate hikes push up reserve interest payments.
➡️ Investors should brace for high volatility ahead of NFP week, closely monitoring any central bank statements and reactions.
🔍 TECHNICAL OUTLOOK – H1/H4 VIEW:
Gold is consolidating near the 3360-3366 region, which is a critical sell zone where price has faced resistance. The chart reveals a rising channel and clear Fair Value Gaps (FVGs) both above and below the current price, hinting at significant volatility and liquidity sweeps in the near term.
🔑 KEY LEVELS TO WATCH:
🔺 Resistance Zones:
3364 – 3366: Local top and key reversal zone, a critical point to watch for potential rejection.
3406 – 3408: The upper bound of the FVG zone, with a potential blow-off target if a breakout occurs.
🔻 Support Zones:
3324 – 3326: 20 EMA retest, a possible bullish bounce if price holds here.
3310 – 3308: Trendline + EMA89 confluence, a strong support area.
3304: A break below this level would invalidate the short-term bullish outlook.
🎯 TRADE SETUPS:
🟢 BUY SCALP:
Entry: 3326 – 3324
Stop-Loss: 3320
Take-Profit: 3330 → 3334 → 3338 → 3342 → 3346 → 3350
🟢 BUY ZONE:
Entry: 3310 – 3308
Stop-Loss: 3304
Take-Profit: 3314 → 3318 → 3322 → 3326 → 3330 → 3340
🔴 SELL SCALP:
Entry: 3364 – 3366
Stop-Loss: 3370
Take-Profit: 3360 → 3356 → 3352 → 3348 → 3344 → 3340
🔴 SELL ZONE:
Entry: 3406 – 3408
Stop-Loss: 3412
Take-Profit: 3400 → 3396 → 3392 → 3388 → 3385 → 3380
⚠️ STRATEGY RECOMMENDATION:
If price breaks above 3366 with momentum, expect a run to 3408 and potentially 3450.
If price rejects 3366 or fails to hold above 3320, look for short positions with tight stops.
📌 Final Note:
Avoid chasing price in the middle of the range. Wait for a clear rejection or breakout confirmation to enter.
Gold is currently testing a key resistance zone following a sharp rebound last week. With the Fed maintaining its hawkish stance and US-EU trade tensions on hold, the market is in a wait-and-see mode, creating an ideal environment for structured trades.
🌍 MACRO CONTEXT:
Trump Delays 50% Tariffs on the EU Until July 9: This temporarily reduced market tension, but the long-term risks remain.
US 10-Year Yields Surge Above 4.55%: Bond markets are still pricing in tighter financial conditions, supporting the USD.
The Fed Faces Operational Pressure: The Fed continues to trim its workforce by 10%, signaling internal challenges as rate hikes push up reserve interest payments.
➡️ Investors should brace for high volatility ahead of NFP week, closely monitoring any central bank statements and reactions.
🔍 TECHNICAL OUTLOOK – H1/H4 VIEW:
Gold is consolidating near the 3360-3366 region, which is a critical sell zone where price has faced resistance. The chart reveals a rising channel and clear Fair Value Gaps (FVGs) both above and below the current price, hinting at significant volatility and liquidity sweeps in the near term.
🔑 KEY LEVELS TO WATCH:
🔺 Resistance Zones:
3364 – 3366: Local top and key reversal zone, a critical point to watch for potential rejection.
3406 – 3408: The upper bound of the FVG zone, with a potential blow-off target if a breakout occurs.
🔻 Support Zones:
3324 – 3326: 20 EMA retest, a possible bullish bounce if price holds here.
3310 – 3308: Trendline + EMA89 confluence, a strong support area.
3304: A break below this level would invalidate the short-term bullish outlook.
🎯 TRADE SETUPS:
🟢 BUY SCALP:
Entry: 3326 – 3324
Stop-Loss: 3320
Take-Profit: 3330 → 3334 → 3338 → 3342 → 3346 → 3350
🟢 BUY ZONE:
Entry: 3310 – 3308
Stop-Loss: 3304
Take-Profit: 3314 → 3318 → 3322 → 3326 → 3330 → 3340
🔴 SELL SCALP:
Entry: 3364 – 3366
Stop-Loss: 3370
Take-Profit: 3360 → 3356 → 3352 → 3348 → 3344 → 3340
🔴 SELL ZONE:
Entry: 3406 – 3408
Stop-Loss: 3412
Take-Profit: 3400 → 3396 → 3392 → 3388 → 3385 → 3380
⚠️ STRATEGY RECOMMENDATION:
If price breaks above 3366 with momentum, expect a run to 3408 and potentially 3450.
If price rejects 3366 or fails to hold above 3320, look for short positions with tight stops.
📌 Final Note:
Avoid chasing price in the middle of the range. Wait for a clear rejection or breakout confirmation to enter.
Trade active
GOLD PLAN UPDATE: 60 PIPS PROFIT ACHIEVED! 🚀The market delivered exactly as planned, with the BUY SCALP entry at 3326–3324 hitting our 60 PIPS profit target. Gold rallied smoothly to the targeted price levels, following the technical structure we highlighted in the previous plan.
Key highlights:
BUY SCALP entry triggered and hit targets at 3330 → 3334 → 3338.
60 PIPS profit within a short span, demonstrating the accuracy of our setup.
As we continue monitoring the market, it's crucial to stay disciplined and follow the levels we’ve mapped out. Be ready for potential volatility, and ensure you respect your TP/SL to lock in profits!
Stay tuned for the next update and happy trading! 📈💰
⚜️ 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.