GOLD - Price can correct to support level and then start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
The chart shows how the price rose in a rising channel, reaching the $2925 level before breaking it.
Then it touched resistance line of channel and made correction to $2925 level, where it some time traded.
After this, price moved up and then started to decline inside a triangle, where it soon exited from channel.
Next, price broke $2925 level and declined until to support line of the triangle, breaking $2880 level too.
But soon, Gold made strong movement up, breaking $2880 level and rose to resistance level, after which it corrected.
Now, I think that XAU can exit from a triangle, fall to support level and then start to grow to $2940
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D-XAU
Bullish Trend Holding Above 2918 – Key Levels & Market ImpactGOLD Analysis | March 7, 2025
Gold is expected to experience high volatility due to key events, including the NFP report, unemployment rate data, and Jerome Powell's speech, all of which could significantly impact price action.
🔍 Technical Outlook:
Gold is currently stabilizing within a bullish trend while trading above 2918.
A 15-minute or 1-hour candle close above 2925 would confirm bullish momentum, targeting 2934.
A breakout above 2934 could extend gains toward 2945 and 2954.
For a bearish confirmation, a 4-hour candle close below 2918 is required, which could push the price down to 2906.
Additionally, if the job report is positive, it could strengthen the USD and pressure gold lower.
📌 Key Levels to Watch:
🔸 Resistance: 2934 | 2945 | 2954
🔻 Support: 2906 | 2895 | 2880
XAU/USD Bullish Flag (06.03.25)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 2949
2nd Resistance – 2969
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Gold XAUUSD Price AnalysisGold (XAU/USD) has encountered a strong resistance zone between 2921 and 2924, leading to a rejection at this level. This area has proven to be a significant hurdle for buyers, indicating strong selling pressure. As a result, we may see a potential downside move unless gold manages to break above this resistance convincingly.
Key Levels and Market Outlook:
Bearish Scenario:
If the rejection holds, gold could move lower towards its immediate support levels.
The first downside target is 2906, which acts as a minor support.
If selling pressure continues and gold breaks below 2906, the next target is 2892, a stronger support level where buyers might step in.
Bullish Breakout Possibility:
If gold breaks above the 2924 resistance level, the next resistance to watch is at 2930.
A break above 2930 would indicate strong bullish momentum, potentially leading to a further rally in gold prices.
Market Sentiment and Trading Plan:
A bearish bias is favored as long as gold remains below 2924 and continues rejecting this level.
A bullish breakout scenario will be confirmed only if gold surpasses 2930, leading to a continuation of the uptrend.
GOLD Range Bound Between 2918 and 2906 Ahead of BreakoutGOLD Analysis | March 4, 2025
Gold reached the resistance at 2918 and is now expected to move between 2918 and 2906 until a breakout occurs.
📉 Bearish Scenario: While below 2918, the price is likely to test 2906. A 4H or 1H candle close below 2906 could trigger a strong bearish continuation toward 2895 and 2880.
📈 Bullish Scenario: If the price closes a 4H or 1H candle above 2918, this could lead to a move toward 2934, followed by 2954.
Key Levels:
🔸 Resistance Levels: 2934, 2945, 2954
🔹 Pivot Point: 2918
🔻 Support Levels: 2906, 2895, 2880
📉 Directional Bias: Bearish below 2918, bullish above 2918.
GOLD - Price can continue to grow and exit from wedgeHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
The price started to grow inside the rising channel, first reaching the support line and then rising to the $2835 support level.
Next, Gold broke this level and continued to move up and rose to $2930 level, after which started to fall in wedge.
Gold exited from a channel and continued to decline near support line of wedge, but later it bounced to resistance area.
Long time XAU trades in this area and reached resistance line of wedge, after which turned around and started to fall.
Price broke $2930 level and fell to support line of wedge, after which bounced and made a gap.
So, I expect that Gold can correct little and then rise to $2930 level, exiting from wedge pattern.
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HelenP. I Gold can rebound down from resistance zone Hi folks today I'm prepared for you Gold analytics. On this chart, we can observe how the price rebounded from the trend line and began rising along it. Shortly after, the price climbed towards the support level, which aligned with the support zone, broke through it, and then entered a consolidation phase. Within this range, the price retested the broken level before surging toward the resistance level, which coincided with the upper boundary of the consolidation. It even briefly moved into the resistance zone. However, the price then reversed, made a slight correction, and quickly pushed back into the resistance area. Gold traded within the resistance zone for some time before dropping to the support level, breaking below the trend line, and then rebounding. Soon after, it recovered to the trend line but recently reversed and started declining again. In my view, XAUUSD is likely to re-enter the resistance area before reversing and declining toward 2860 points within the consolidation. If you like my analytics you may support me with your like/comment ❤️
Bearish drop?XAU/USD has reacted off the resistance level which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,925.63
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 2,953.39
Why we like it:
There is a swing high resistance level.
Take profit: 2,880.98
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
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Gold - Short and Long Term Trading Idea - 24 Feb 25In the beginning of the last week of February, we expecting Gold to decline. There are several factors on small time frames, but also appear signs on larger time frames.
In fact it is difficult to predict an asset when it discovers new higher highs, but there are methods to determine the turning points. In past few weeks we expected price to close down to psychological level of $3'000 and it is close, but we don't expect to reach it. So in this case we enter in short positions with long term swing target of over $200.
We publish 2 trading ideas in one: one is more intraday, another one is long term swing trading idea.
GOLD to continue in the downward move?Gold - 24h expiry
Our short term bias remains negative.
The trend of higher intraday lows has also been broken.
Offers ample risk/reward to sell at the market.
50 1hour EMA is at 2871.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
We look to Sell at 2874.5 (stop at 2895.1)
Our profit targets will be 2820.8 and 2809.8
Resistance: 2876.6 / 2890.0 / 2910.0
Support: 2855.0 / 2832.4 / 2815.0
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The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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Bearish drop?The Gold (XAU/USD) is reacting off the pivot and could drop to the 1st support that is slightly above the 50% Fibonacci retracement.
Pivot: 2,879.45
1st Support: 2,788.35
1st Resistance: 2,952.32
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop for the Gold?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,882.39
Why we like it:
There is an overlap resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 2,924.57
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 2,830.85
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Gold may continue to fall inside downward wedgeHello traders, I want share with you my opinion about Gold. A short while ago, the price dropped to the support line, breaking through the resistance level that aligned with the resistance area. Following this, it rebounded and quickly climbed to the 2935 level, even entering the seller’s zone before pulling back to the support line. After that, the price made another push toward the seller’s zone but remained range-bound near the 2935 resistance level. Eventually, it reversed and began to decline, first breaking below 2935 and soon after breaching the support line as well. Gold then continued its downward movement within a falling wedge pattern. Inside this formation, the price touched the support line before rebounding to the resistance line, where it hovered for a while before eventually dropping back to the wedge’s support line, breaking the current resistance level along the way. At the moment, XAU is still moving lower, but I anticipate a temporary rise toward the resistance area before the decline resumes. Given this scenario, I have set my TP at 2830, which aligns with the wedge’s support line. Please share this idea with your friends and click Boost 🚀
XAU/USD Breakdown – Key Support Levels Tested After Major Drop!### **Analysis & Description:**
This 1-hour chart of **Gold (XAU/USD)** from **OANDA** presents a strong **bearish move** following a key **liquidity grab and rejection** from the 2,942–2,950 resistance zone.
#### **Key Observations:**
- **Fair Value Gap (FGV 4H)**: The price initially tapped into the imbalance before facing a strong rejection.
- **Liquidity Sweep**: The sharp move up prior to the decline suggests that smart money may have induced liquidity before the major bearish move.
- **Bearish Break & Retest**: The price has broken through significant **support levels** around 2,892 and 2,878 and is now approaching the next support at **2,834**.
- **Fibonacci & Structure**: The Fibonacci retracement aligns with a deeper correction, with the price possibly targeting **2,820–2,800** if bearish momentum continues.
- **Risk-Reward Setup**: The risk-to-reward ratio in this trade setup suggests a well-executed short position, capturing nearly **3.70% downward movement** (approx. **-108 points**).
### **Potential Scenarios:**
🔴 **Bearish Case:** If the price sustains below 2,844 and fails to reclaim key resistance zones, further downside is likely toward **2,820–2,800**.
🟢 **Bullish Case:** A strong bounce from current levels (2,834) could trigger a short-term retracement before resuming downward momentum.
#### **Final Thought:**
Gold remains in a **strong downtrend**, and traders should watch for price action confirmation around support levels before considering further positions.
Gold Price Analysis: Bearish Breakdown Below Key Support at 2888Gold (XAU/USD) has broken below the strong support level of 2888, indicating a potential continuation of the downtrend. This breakdown suggests increasing bearish momentum, and traders should be prepared for further declines.
Downtrend Scenario & Targets
If the bearish pressure continues, gold is likely to move toward the following downside targets:
✅ Target 01: 2866 – A minor support level where price may consolidate before further movement.
✅ Target 02: 2855 – A stronger support zone that could act as a temporary stopping point for sellers.
✅ Target 03: 2835 – A key demand zone, where buyers may step in to slow the decline.
Possible Retracement Before Further Drop
Despite the bearish outlook, gold may experience a temporary pullback before continuing lower. A retracement toward the previous support-turned-resistance at 2888 or even 2898 is possible. If the price fails to break above these levels, it could serve as confirmation for further downside movement.
Trading Strategy Considerations
🔸 Sell on Retracement: If gold retraces to 2888 or 2898 and shows rejection (bearish candlestick patterns, wicks, or resistance confirmation), it could provide a good short-selling opportunity.
🔸 Break & Retest Confirmation: If gold retests 2888 and fails to break above, it would signal further downside movement.
🔸 Risk Management: Set stop-loss above 2900 to manage risk in case of unexpected bullish reversals.
GOLD - Price can correct to support area and then start to growHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago, the price started to grow inside the wedge, where it immediately corrected from the resistance line to $2864 points.
Then it turned around and started to grow inside the wedge, soon broke the $2885 level and continued to grow.
Price later reached $2940 level and even long time traded near this level and later broke also broke it.
But soon, Gold turned around and made a downward movement, thereby breaking $2940 level and exiting from a wedge.
Next, price entered to triangle and continued to fall in it, and even reached a support level, after which bounced up.
So, I think that Gold can bounce from support area and rise to $2920, exiting from a triangle.
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GOLD Drops $67 – Bearish Momentum Continues Below 2,859 GOLD Update – Feb 28, 2025
Gold dropped $67 from 2,918 to 2,859, as we expected! Now, the price is struggling below 2873, keeping the bearish momentum intact.
📉Bearish Scenario:
Staying below 2,859 and 2,873 could push the price toward 2,840.
A 1H or 4H close below 2,840 opens the door for 2,823 – 2,811.
📈Bullish Possibility:
If 2,873 is reclaimed, expect some volatility between 2,873 and 2,880.
Above 2,880, gold could rally to 2,895 – 2,905.
💠Key Levels:
Resistance: 2873 | 2880 | 2895
Pivot: 2859
Support: 2840 | 2823 | 2810
Bearish Trend is Active while Below 2859
Bullish Correction to 2873 if Stabilized Above 2859
XAG/USD Bearish Flag (27.2.25)The XAG/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 31.06
2nd Support – 30.66
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GOLD – Bearish Momentum Below 2918, Eyes on 2895 BreakdownGOLD (XAUUSD) Analysis – February 26, 2025
🔸 Bearish Momentum Strengthens Below 2918
Gold remains under bearish pressure, having failed to hold above the pivot level of 2918, reinforcing downside momentum. The price is currently testing lower levels, with an initial target of 2905, followed by 2895.
📉 Bearish Outlook: A 4H or 1H candle close below 2918 will likely accelerate the bearish continuation toward 2905 and 2895, a critical support area where price action may stabilize or extend further downside.
📌 Bullish Recovery: If Gold reclaims 2918 on a 4H candle close, price volatility is expected within the 2918 - 2935 range before confirming the next move. A break and close above 2935 could trigger a push toward 2954 and 2974.
⚠️ Market Impact: With heightened market volatility and ongoing geopolitical uncertainties, investors should monitor key levels closely, as Gold tends to act as a safe-haven asset during economic instability.
Key Levels to Watch:
🔸 Resistance: 2935 | 2945 | 2954
🔹 Pivot Level: 2918
🔻 Support: 2906 | 2895 | 2880
📉 Bias: Bearish below 2918, with a key breakdown level at 2895 to confirm further downside.