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XAUUSD: Strategy and Analysis for June 12Gold technical analysis Daily chart resistance: 3400-3420, support: 3310 Four-hour chart resistance: 3400, support: 3325 One-hour chart resistance: 3385, support: 3340. Spot gold soared after the release of CPI as investors responded to optimistic inflation data. Trump's interest rate cut speech restored the confidence of gold bulls, but with the strong pressure of 3380 above, the market fell again, and the frequency of gold long and short switching accelerated, verifying the daily level of shock. From a technical point of view, although the daily line has not risen continuously, there is a very obvious feature of the daily cycle, that is, the middle track of Bollinger has not broken, and multiple attempts have not changed this technical point. This is the support point for the short-term retracement and the defense point for the long-term rise. If the NY market stands firm at 3380, it is expected to rise to the 3410 US dollar line. The short-term key support position below is around 3345, and it will be short-term bearish only after it falls below. Personally, I suggest that you give priority to buying in the NY market. Buy: 3380near SL:3375 Buy: 3345near SL:3340
TVC:GOLDLong
by ActuaryJ
How Gold Could Be Affected by Possible Iran Conflict? Gold begins the new day on a bullish note following escalating developments in the Middle East. Yesterday, markets were focused on the US–China deal. Although an agreement was reached, tariffs but overall trade tensions remain elevated. Combined with the lower-than-expected core CPI, gold mostly moved sideways, apart from intraday noise. However, this could change in the days ahead. US–Iran nuclear negotiations appear to be stalling. A new round of talks is scheduled for Sunday, June 15. The negative newsflow escalated with Iran’s defense minister warned that US bases in the region could be targeted if conflict breaks out. US ordered all non-essential personnel to evacuate and approved the voluntary departure of military family members from the region. Simultaneously, reports surfaced that "Israel is ready to strike Iran." The negative newsflow continued today. The International Atomic Energy Agency passed a resolution declaring Iran non-compliant with its international obligations. In retaliation, Iran announced it would build a new uranium enrichment facility at a hidden and secure location and unveiled plans for new military drills. The timing of this escalation raises the risk of direct conflict. Netanyahu’s government is facing collapse, with the possibility of new elections looming. At the same time, Iran is nearing nuclear weapons capability. While Trump is more openly supportive of Israel than Biden, he is reluctant to involve the US in any direct or indirect conflict. This dynamic raises the chances of an Israeli strike on Iran. Adding to the tension is the upcoming July 9 deadline for tariffs. Trump intends to send unilateral tariff agreements to trade partners with a “take it or leave it” approach. This could sharply increase trade tensions and further support gold prices. Today's news flow is heavily bullish for gold, and the technical outlook aligns with it. The triangle formation has broken, and gold has retested the upper boundary, gaining momentum from that level. If current risk levels remain elevated, especially if multiple strikes on Iran occur, a medium-term move above 3600 could begin. Despite the strong bullish setup, we are in a market where sentiment can shift in minutes, with major news emerging almost daily. In this environment, it's crucial to define key levels and indicators for risk management. At the moment, the 50-day EMA appears to be holding well as a support level. This moving average could be the final line that determines the medium-term direction for gold. If it breaks, the bullish outlook may no longer be valid.
OANDA:XAUUSDLong
by ftdsystem
Long profit-taking,how to position gold before unemployment data📰 Impact of news: 1. Pay attention to the initial unemployment claims data 📈 Market analysis: After being pulled down, the gold price quickly rebounded to around 3385, and the RSI showed a V-shaped reversal. It is not recommended to chase the rise at present. In the short term, pay attention to the upper resistance area of 3385-3395. If the gold price effectively breaks through this resistance area, it is expected to touch the 3400-3410 line. On the contrary, it encounters resistance and pressure at the 3385-3395 line, and may retreat to the 3370-3360 line in the short term. 🏅 Trading strategies: SELL 3385-3395 TP 3370-3360 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell-2
GOLD | Bullish Momentum Holds Above 3376, Eyes on 3404 and 3431GOLD | OVERVIEW Gold remains in bullish momentum following the CPI result of 2.4%, which came in below expectations. This increases the likelihood of a rate cut by the Fed, providing strong support for gold. As long as the price trades above 3376 and 3351, the bullish trend is expected to continue toward 3404. A confirmed stabilization above 3404 could open the path toward 3431. Bearish Correction till 3376 available. Pivot: 3376 Resistance Lines: 3404, 3431 Support Lines: 3366, 3347
OANDA:XAUUSDLong
by SroshMayi
Gold (XAUUSD) Eyes 3,330 Zone as Safe-Haven Demand Builds!!Hey Traders, In today’s trading session, we’re keeping a close watch on XAUUSD for a potential buying opportunity around the 3,330 zone. Gold continues to trade within a strong uptrend, and is currently undergoing a healthy correction, bringing it near a key support/resistance level that could act as a springboard for the next leg higher. From a fundamental perspective, rising geopolitical tensions in the Middle East have led to the evacuation of diplomatic personnel and increasing concerns of potential military escalation. As uncertainty grows, safe-haven assets like gold tend to attract stronger demand from investors seeking protection against volatility and risk. If the situation deteriorates further, we could see a surge in gold prices as market participants hedge against geopolitical instability. Trade safe, Joe
OANDA:XAUUSDLong
by JoeChampion
17
Gold Extends Gains, Eyes 3400📊 Market Overview • Following softer-than-expected US CPI data, gold surged strongly. • This morning, gold touched a high of 3377 before pulling back slightly to around 3372. • A weaker USD and growing expectations of Fed rate cuts remain key bullish drivers. 📉 Technical Analysis • Key Resistance: $3,380 – $3,400 • Nearest Support: $3,325 – $3,310 • EMA09: Price remains above EMA09, signaling a short-term uptrend. • Candlestick & Momentum: Gold has broken out of a consolidation zone with strong momentum, though short-term overbought signals are emerging. 📌 Outlook Gold may enter a mild pullback within the 3370–3380 zone before finding fresh momentum from upcoming Fed signals or macro data. Caution is advised when trading near major resistance. 💡 Trading Strategy 🔻 SELL XAU/USD at: 3375–3377 🎯 TP: 3355 ❌ SL: 3385 🔺 BUY XAU/USD at: 3325–3330 🎯 TP: 3350 ❌ SL: 3315
OANDA:XAUUSDLong
by Mian-FXSignals
5
TOP 10 Stats of the Current Gold Bull Market in 2025 and Outlook📊 Top 10 Stats of the Current Gold Bull Market (2025) 1. 🥇 Gold price per ounce: Around $3,338–$3,364, with a recent all-time high above $3,500 in April 2025 2. 📈 Year-to-date gain: About +29% in 2025 so far, after a +30% gain in 2024 3. 🏦 Central bank buying: More than 1,000 tonnes bought for the fourth straight year, reserves near record levels 4. 🔒 Inflation hedge: Strong inverse correlation with real yields; high demand driven by inflation and geopolitical worries 5. 📊 Gold vs S&P 500: Both reached new highs together; gold is up about 27% YTD while the S&P 500 is up only around 2% 6. 💍 Jewellery demand: Global gold jewelry demand is down about 9% in 2024, projected to drop another 16% in 2025 due to high prices 7. ⚖️ Gold-to-silver ratio: Now around 94, down from a peak of 105—showing silver is regaining ground 8. 🏅 Record closes: More than 40 record daily closes for gold in 2025, prices consolidating around $3,290–$3,400 9. 🏛️ Technical breakout: Broke out of a 13-year “cup-and-handle” technical pattern in March 2024 10. 🔮 2025 forecasts: Predictions range from $3,600–$4,000 by Q2 2026, with some expecting as high as $4,500 if risks rise ________________________________________ 🔄 How This Gold Bull Market Compares to Past Bull Markets 1️⃣ 1968–1980 Super Bull • 🕰️ Gold climbed from ~$35 to ~$850, a massive 2,330% gain over 12 years • 🔥 Driven by double-digit inflation, end of the gold standard, and political turmoil • ⚠️ Huge corrections, including a nearly 45% drop in 1974–76, but rapid rebounds 2️⃣ 1999–2008 Bull Market • 💹 Gold surged from ~$252 to ~$1,023 (about +305%) in 9 years • 🚀 Fueled by the commodities supercycle and concerns about global imbalances • 📉 Big correction during the 2008 financial crisis, but gold rebounded fast 3️⃣ 2018–2025 (Current Cycle) • ⏳ Gold broke out in 2024 from a 13-year sideways base • 💥 Up nearly 200% from the 2018 lows to over $3,500 • 🏦 Central banks are the biggest buyers, unlike earlier cycles • 🛡️ Corrections have been milder—2022 saw only a 20% drop • 🏃‍♂️ Fast recovery: new highs reached within months, not years ________________________________________ 📊 Quick Comparison Table Metric 1968–80 Super Bull 1999–2008 Bull 2018–2025 Current 🚀 Total Gain ~2,330% ~305% ~200% so far ⏲️ Length 12 years 9 years 7 years so far 💔 Biggest Drawdown –45% (1974–76) –30% (2008) –20% (2022) 🏦 Central Bank Role Moderate Emerging Dominant 📉 Correction Speed Years to recover 4 years Months 🏛️ Technical Pattern Secular breakout Multiple peaks Broke 13-yr base ________________________________________ 🧭 What Makes the Current Bull Market Unique • 🏦 Central banks are setting the pace with record-breaking demand • 🩹 Corrections are less severe and recoveries are quicker • 📈 Gold is rallying alongside stocks, which is rare historically • 🏛️ The breakout from a 13-year consolidation signals strong structural support • 🔮 Major forecasts predict further highs through 2026, suggesting this may become one of the strongest cycles ever
FOREXCOM:XAUUSDLong
by ProjectSyndicate
31
XAUUSD Breakout Brewing -- Squeeze Setup in Play📆 June 12, 2025 | ⏱ 4H Chart Analysis Gold (XAUUSD) is pressing against a key trendline resistance while holding a clean, ascending trendline from early March — forming a classic triangle squeeze. 🔍 Technical Breakdown: The long-term bullish trendline has been respected three times, with each touch followed by strong buying interest (see orange circles). Current price action is compressing between this trendline and descending resistance, tightening toward a potential breakout zone. Two likely outcomes on the table: 🔺 Bullish Scenario: A confirmed breakout above $3,385 could fuel a rally toward $3,500–$3,520, especially if momentum accelerates. 🔻 Bearish Scenario: Breakdown below $3,260 risks deeper correction toward the $3,000 psychological level, aligning with prior demand zones. 📊 Indicators Insight: EMA(15) & EMA(60) have flattened → signaling potential volatility expansion ahead. Volume is building slightly, adding weight to a coming move. ================================================================= ⚖️ Trade Idea (Not Financial Advice) 🟢 Buy on breakout above 3,385, Target: 3,500+ 🔴 Sell on breakdown below 3,260, Target: 3,000 📌 Wait for confirmation and avoid chasing within the squeeze range. 💬 What's your take — will gold break through or bounce back? 📌 Follow for consistent multi-timeframe setups across Gold, Silver, and FX majors — 2–3 times weekly. #XAUUSD #Gold #TechnicalAnalysis #BreakoutSetup #Forex #EMA #SqueezePlay #TrianglePattern #tradingview #MJTrading
PEPPERSTONE:XAUUSD
by MJElahifx
1
XAG/USD - Channel Breakout (11.06.2025) The XAG/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a CHannel Breakout 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 – 3587 2nd Support – 3555 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAGUSDShort
by KABHI_TA_TRADING
43
Gold Extends Gains Post-CPI | All Eyes on PPI for the Next Move XAUUSD – Gold Extends Gains Post-CPI | All Eyes on PPI for the Next Move 🌍 Macro Pulse: CPI Sparks Momentum, But Will PPI Sustain It? Gold surged following softer-than-expected US inflation data on Tuesday, with the CPI rising just 0.1% MoM and 2.4% YoY—both below forecasts. This triggered a broad sell-off in the USD, a pullback in Treasury yields, and a renewed appetite for non-yielding safe havens like gold. Markets are now increasingly pricing in a rate cut by the Fed in September, adding further fuel to the rally. However, Wednesday’s US PPI data could either reinforce this bullish sentiment or reverse it sharply. 📉 Technical Landscape – H1 & H4 View 🔹 Trend Bias The bullish structure remains intact, with price carving out higher highs and higher lows since the 3312 level. The recent breakout above 3370 confirms bullish momentum. 🔹 Price Channels Gold continues to track within a defined ascending channel. A potential retest of the lower trendline near 3345–3350 could provide a dip-buying opportunity. 🔹 EMA Structure The price trades comfortably above the 13, 34, 89, and 200 EMAs. Short-term EMA crossovers are supportive of continued upside. 🔹 Critical Resistance Ahead: 3392 – 3395 A key technical zone combining Fibonacci extension levels and recent rejection wicks. A decisive break or rejection here will set the tone for the next 48 hours. 🧠 Market Psychology & PPI Scenarios The market is currently optimistic, but still cautious. The PPI report due later today will likely serve as the next directional trigger: If PPI prints below estimates → reinforces disinflation narrative → potential breakout above 3,400 with upside targets towards 3,420+. If PPI comes in hot → raises concerns about sticky input costs → possible short-term reversal or consolidation. Expect volatility to spike during the New York session. 🎯 Today’s Tactical Trade Setups – 12 June 🟢 Buy Zone: 3324 – 3322 Stop Loss: 3318 Take Profit Targets: 3330 – 3334 – 3338 – 3342 – 3346 – 3350 🟢 Buy Scalp Zone: 3337 – 3335 SL: 3330 TPs: 3341 – 3345 – 3350 – 3354 – 3360 – 3370 – 3380 🔴 Sell Zone: 3392 – 3394 Stop Loss: 3398 Take Profit Targets: 3388 – 3384 – 3380 – 3375 – 3370 – 3360 – 3350 ✅ Final Take Gold bulls are in control, but the PPI data will likely dictate whether momentum continues or stalls. With key resistance just ahead and macro risk on the table, this is not the time to trade blindly. 🧭 Strategy Tip: Let price confirm the reaction to PPI. Don’t pre-position into volatility. Play the breakout or the fade—but wait for clarity.
OANDA:XAUUSDShort
by MMFlowTrading
Repeated sweeps, gold trend analysis and operation layout📰 Impact of news: 1. Pay attention to the initial unemployment claims data 📈 Market analysis: Gold price jumped higher in Asian session. The short-term upper pressure is at 3375. Once it breaks, the upward route of bulls will be opened. The RSI indicator in the 1H chart began to retreat after touching the overbought area. Last night's high of 3360 is now a breakthrough, and the previous strong suppression is at 3350. This morning's Asian session was also broken and stabilized. Then 3360-3350 has changed from a suppression position to a support position. Therefore, the next position we should pay close attention to should be around 3360-3350. If it can fall back to 3360-3350 in the future, it is possible to enter the market to do more, but at the same time, it is also necessary to defend 3345. Independent trading requires a SL. 🏅 Trading strategies: BUY 3360-3350 TP 3370-3380-3400 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
Gold Rallies as Rate Cut Bets Heat UpGold prices extended gains today, driven primarily by lower-than-expected U.S. inflation data, which has increased speculation that the Federal Reserve may soon cut interest rates. The weaker inflation reading sent the U.S. dollar and Treasury yields lower, giving gold a strong push to the upside. Currently, markets are pricing in a 68% chance of a Fed rate cut in September, which is generally seen as bullish for gold buyers. Another supporting factor is growing investor caution amid lingering uncertainties in U.S.–China trade relations, further boosting demand for safe-haven assets. At the time of writing, gold is trading around $3,372, up more than 170 pips on the day.
OANDA:XAUUSDLong
by Edward_TradingFX
Gold Coiling in Rising Wedge Ahead of CPI: Breakout Imminent?XAUUSD – Gold Coiling in Rising Wedge Ahead of CPI: Breakout Imminent? Gold (XAUUSD) is compressing within a well-defined rising wedge pattern on the 1H chart, signaling that a decisive move is near. With the U.S. CPI report due on June 12th, traders should prepare for volatility driven by macroeconomic catalysts. Whether gold breaks higher or reverses depends on how the market digests inflation data. 🌍 Macro Backdrop: All Eyes on Inflation 📌 U.S. CPI (June 12): A softer-than-expected reading could revive Fed rate cut expectations and send gold higher. A hotter-than-expected CPI could strengthen the U.S. dollar and Treasury yields, putting pressure on gold. 📌 U.S.–China Trade Sentiment: Diplomatic progress in trade talks reduces safe-haven demand in the short term, weakening gold's defensive appeal. 📌 DXY & Bond Yields: A breakout in DXY or a sharp rise in U.S. bond yields post-CPI may lead to a corrective leg lower in XAUUSD. 📈 Technical Overview – Multi-Layered Structure Pattern: Gold is forming a rising wedge between higher lows and converging highs, typical of breakout scenarios. Fibonacci Levels (retracement from 3,400 to 3,296): 0.382: 3,336 – intermediate support 0.618: 3,360 – significant resistance, near current swing highs Moving Averages: Price is currently above EMA34 and EMA89 Struggling below EMA200 (red), which acts as dynamic resistance FVG Liquidity Zone: An open Fair Value Gap between 3,360 – 3,374 could act as a magnet before any reversal. 🎯 Trade Strategy Scenarios 🟢 Buy Scenario – Bounce from Support Zone Entry: 3314 – 3312 | Stop-Loss: 3308 | Take-Profit: 3318, 3322, 3326, 3330, 3335, 3340 Ideal if CPI comes in lower than expected or aligns with a bullish technical rejection from wedge support. 🔴 Sell Scenario – Rejection from Resistance Zone Entry: 3374 – 3376 | Stop-Loss: 3380 | Take-Profit: 3370, 3366, 3362, 3358, 3352, 3348, 3340 Valid if price taps into the upper liquidity zone (3,374–3,394) and fails to break, especially on CPI surprise to the upside. 🧠 Tactical Conclusion A dovish CPI → favors BUY setup off lower wedge support A hawkish CPI → favors SELL near upper resistance and liquidity zones 📌 The market is compressing and gearing up for a breakout. Patience is key — wait for confirmation at key zones and manage risk precisely.
OANDA:XAUUSDLong
by MMFlowTrading
1
GOLD IS MOVING UPWARD.#xauusd #gold Hello friends, very busy this days and also no well, had little health issue. But I was watching gold closely in that days too, caught some great moves. In previous analysis I mentioned gold will move upward, unfortunately gold breaked the pattern and moved down to 3394 after that we see again upward movement started. Again a bearish flag pattern is formed but due to tension in geopolitics gold is strongly bullish also yesterday was CPI news where dollar news was negative and dollar move down due to which gold pushed upward. Today gold opening was in gap in upward. Today I am expecting to move upward and later on it will definitely come down to fill the gap near 3355. So our main target is now 3380-3391-3402. Comment and like for analysis. Love it then follow Any Query Reach Us or comment down. Follow for more updates. Rudra Vasaikar Wishes You A Great And Very Amazing Trading Life. Trade Safe, Trade Right. RISK WARNING 🔴 🔴 🔴 There is high risk of loss in Trading Forex, Crypto, Indices, CFDs, Features and Stocks. Choose your trade wisely and confidently, please see if such trading is appropriate for you or not. Past performance is not indicative of future results. Highly recommended - Information provided by Pro Trading Point are for Educational purpose only. Do your investment according to your own risk. Any type of loss is not our responsibility. HAPPY TRADING. #gold #xauusd #xauusdtrading #goldtrading #goldanalysis #forextrading #forex #trendline #goldsignals #goldnews goldlatestanalysis #xauusdtradesetup #forextradingguide #fxgold beyong technical analysis, chart patterns, gold, goldanalysis, goldideas, goldlong, goldsignals, goldlatestanalysis, goldtrading, goldtradingview, technical indicators, xauusdanalysis,
TVC:GOLDLong
by rudravasaikarrr
GC - Gold digging for a possible ShortAfter reaching WL2, we saw a sharp pullback followed by an immediate double top. Price failed to reach the centerline of the yellow fork, instead stalling at the 1/4 line. Then came the break of the lower median line (L-MLH), a pullback to the white WL1—then the drop began. If this market can’t push to new highs, we’ll likely fall back into the median line set. A pullback to the upper median line (U-MLH), as indicated by the red arrows, is a probable scenario. Next stop: the white centerline. I trade tiny. I trade with extremely high risk-reward setups. I’m fine getting stopped out all the time —because I’m hunting huge moves. I don’t chase. No FOMO. It’s how I sleep well, make money from trading and keep my stress level very low.
COMEX:GC1!Short
by Tr8dingN3rd
Gold (XAU/USD) Intraday Outlook – 12 June 2025Current Price: ~$3,373 (intraday) – Gold is holding near recent highs after a sharp rally. Bullish momentum has improved markedly, fueled in part by favorable fundamentals (soft US CPI and geopolitical tensions lifting safe-haven demand) On the charts, the short-term trend is upward, with buyers firmly in control following a breakout above prior resistance. 4H Trend & Key Levels 4H chart highlighting break of structure, demand (green) and supply (red) zones, and key intraday levels. Note the major demand zone that held around 3,214 (green) and the supply zone near 3,284 (red) which was a focal resistance. The 50% retracement of the prior day’s range (blue line near 3,274) acted as intraday resistance in that earlier session Such annotations show where institutional activity likely set support (demand) and resistance (supply) areas. On the 4-hour chart, gold’s momentum is strongly bullish. The recent surge to 3375 pushed price above its 10-day moving average and widened the upper Bollinger Bands on both H1 and H4 – signs of a powerful uptrend. This came after gold cleared a major resistance around the $3,350 zone, which had capped prices earlier. With that barrier broken, the next upside target on the higher time frame is the $3,400 level (a notable psychological and technical hurdle) In fact, it can be projected that a clean breakout above the ~3,380/3,390 zone could open the path toward $3,403 and even $3,430 in extension Reflecting the next supply areas or Fibonacci extension targets above. Support levels on the 4H are stepping up as the trend rises. Previously, $3,320 (the last day’s high in late May) turned from resistance into support after the breakout. Now, immediate support is seen around $3,345–3,350, which corresponds to the top of the recent consolidation and roughly the 38.2% Fibonacci retracement of this week’s rally Below that, the $3,330–3,335 zone (around the 61.8% retracement of the rally) is a secondary intraday support area These levels also align with prior demand zones and the previous day’s lows, making them likely zones where buyers might step in on dips. Overall, as long as gold holds above the mid-$3,300s, the 4H bias remains bullish. The 4H structure shows higher highs and higher lows, and technical signals (price above short-term EMAs and an improving RSI) reinforce the short-term bullish outlook Educational Note: In an uptrend, old resistance often becomes new support. Here $3,350 was a major resistance in the past and could serve as support if prices pull back. Traders also watch Fibonacci retracement levels within the up-move for potential bounce points – for gold, the 35-50% retracement zone of the latest swing (approximately $3,350 down to $3,330) is viewed as an attractive “buy-the-dip” area intraday. On the 1-hour chart, gold has been oscillating upward within a rising channel. After each push higher, it has formed brief consolidations or bull flags that resolved to the upside. For example, after the strong push to ~3375, price coiled in a classic bull flag pattern, hinting at momentum building for another breakout. This pattern of consolidation after a rally shows healthy bullish behavior – buyers pausing before continuing the move. Higher lows (HL) and higher highs (HH) are clearly present, indicating a steady uptrend structure on the 1H In fact, gold’s price action has been “taking out liquidity then taking out highs and creating new highs,” leaving no sign of bear control so far. This means each time the price dips and grabs some stop-loss liquidity from weak longs, it quickly reverses and surges to a fresh peak – a hallmark of a strong trend supported by larger players. From an SMC perspective, we can spot where institutional traders may be active. Recently, gold retested a major demand zone in the low $3,300s and rocketed higher. Specifically, price dipped to about $3,297 (just below a prior support), which appears to have been a liquidity grab (fake-out) below the obvious support level Smart money often drives price briefly below such a level to trigger stop-losses, then buys into that liquidity. Indeed, a strong bullish rejection off $3,297-3,300 occurred, indicating aggressive buying (accumulation) by big players at that historical support This confirmed a solid demand zone, and bulls defended it vigorously – a clear sign that institutional demand underpins that area. After the fake-out and bounce, gold quickly resumed making higher lows, confirming the uptrend’s resumption. Now, the focus shifts to the overhead supply zone. Gold is trading just below $3,380–3,390, a zone that previously acted as major intraday resistance. In past attempts, price sharply sold off from this area, suggesting it’s a pocket of supply (sell orders) or profit-taking for institutions. This makes $3,380-$3,390 a key decision point: if bullish momentum is strong enough to drive a clean break through this supply, we could see a swift move higher (as mentioned, targets in the low $3,400s become viable) However, if gold struggles and prints bearish signals (e.g. aggressive wick rejections or a change in character to lower lows on 15m/1H) near 3380-3390, it may indicate that sellers are defending this zone again, potentially causing a pullback. Traders are watching closely to see if smart money will cap the price here or let it run. It’s worth noting that intraday liquidity has built up around certain levels. Minor equal highs around $3,375-3,377 were taken out earlier (as gold hit a weekly high of ~$3,377) ,and now liquidity might reside just above $3,390 (at buy stops of breakout traders) and below $3,340 (sell stops of longs). The path of least resistance intraday appears upward unless those lower support levels start breaking. As long as gold remains inside this rising structure, the bias is to buy dips rather than sell rallies. Only a clear break below the $3,337–3,340 support (recent range floor) would hint at a short-term trend shift down. Until then, bulls are in charge. Educational Note: Order blocks and supply/demand zones are areas where price saw a sharp move, indicating institutional orders. In gold’s case, an H1 demand block near $3,300 (origin of the recent rally) is such an area – price dipped into it and then launched higher Conversely, the $3,380-$3,390 area is a supply zone from which price fell previously. Watching price behavior at these zones (e.g. strong rejection vs. breakthrough) gives clues: a heavy rejection implies continued range or reversal, while a breakthrough suggests a new leg of trend. Trade Setups Buy on Dip (Bullish Setup): If gold retraces into the $3,345–3,355 support zone, consider a long entry near ~$3,350 (a key Fibonacci support & prior breakout level) A suggested stop-loss is just below $3,335 (to stay under the 61.8% retracement and recent swing low). Target the $3,375 area for partial profits, and $3,385–3,390 if momentum continues. This buy-on-dips approach aligns with the prevailing uptrend – as one analyst noted, “Gold below 3350 is an opportunity to buy on dips” (Rationale: You’re buying at support in an uptrend, aiming for a retest of the highs.) Sell Near Resistance (Bearish Setup): If gold rallies toward the $3,390–3,400 zone but shows rejection (stalling candles or a bearish reversal pattern) at that resistance, one can consider a short entry around ~$3,395. Place a tight stop-loss above $3,405 (just beyond the major resistance). Target a pullback to about $3,370 first, and $3,350 on an extended drop. This trade fades a possible near-term top in case the supply zone holds. For instance, a suggested plan from another analyst was to “sell around 3397–3400” with stops above 3409, looking for a move back to the mid-$3,300s (Rationale: You’re selling at an identified supply zone, expecting a short-term correction.) Breakout Scenario: For traders who prefer momentum plays, watch $3,380 on the upside and $3,340 on the downside. A 1H candle close beyond $3,380 with strong volume would confirm a breakout – you could then target ~$3,405 and above (trail stops as it goes) Conversely, a drop below $3,340 might signal a bearish intraday reversal, opening downside targets near $3,315 and $3,300 If trading the breakout, ensure confirmation (no fake-outs) – wait for a retest if possible, and then ride the move. (This scenario is only for when price definitively exits the current range.) Remember: The intraday trend is bullish, so lean toward long setups unless key supports break. Keep it simple – trade the price action you see. Gold can be volatile, so it's wise to use stop losses and not over-leverage. Happy trading! 📈✨
OANDA:XAUUSD
by Tami512
XAUUSD analysis - potential for pullback and continuationOANDA:XAUUSD is currently consolidating near $3,310 after a decisive breakdown below the ascending trendline, signaling a shift in the short-term structure from bullish to bearish. This breakdown was accompanied by strong bearish momentum, indicating that buyers have temporarily lost control of the market. After the initial drop, the price is now attempting to retrace toward the 0.5–0.618 Fibonacci zone, with the 0.618 level located around $3,335. This zone also coincides with dynamic resistance from short-term moving averages (EMA cluster), making it an important confluence area. A rejection from this level would confirm a bearish retest, supporting the idea of a continuation toward the 1.618 Fibonacci extension near the $3,225 level. However, if the price breaks and holds above $3,348, the bearish scenario will be invalidated, potentially signaling that buyers are regaining strength and may aim to reclaim higher resistance levels. Traders are advised to wait for confirmation, such as a bearish engulfing candle, rejection wicks, or a surge in volume, before entering short positions. As always, this is a personal viewpoint, not financial advice. Trade with appropriate risk management.
OANDA:XAUUSDShort
by LygridTrading