GOLD Is Bearish! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 2,913.555.
The above observations make me that the market will inevitably achieve 2,859.750 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Gold
Gold (XAU/USD) Bearish Setuphello guys.
Let's analyze gold!
Broken Trendline : The chart shows a previously strong uptrend that has been broken, signaling a potential shift in market structure. The price failed to sustain itself above the trendline, leading to a retracement.
Key Resistance and Potential Breakdown: The price is currently hovering around the $2,903 level. There’s a highlighted support/resistance zone just below this level. The annotation suggests that if this area is broken to the downside, a short trade opportunity arises.
Bearish Structure Formation : The price has made lower highs after the initial breakdown of the trendline, indicating weakening bullish momentum. The expectation is that if the price breaks the immediate support, it could continue downward.
Target Zone: The projected move suggests a drop toward the next major support zone around $2,820–$2,800, where buyers might step in.
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Trading Plan Consideration
Short Entry: If the price breaks below the marked zone (around $2,880), confirming bearish momentum.
Stop-Loss: A safe stop would be above the recent highs near $2,920–$2,930.
Take Profit: Around the $2,820 zone, where the next major support lies.
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Conclusion
Gold’s price action suggests a bearish setup if support breaks. Traders should watch for confirmation before entering short positions. However, if the support holds, a bullish rebound could still be possible.
Gold (XAU/USD) Bullish Breakout – Targeting $2,960:
📊 Gold (XAU/USD) 4H Chart Analysis
🚀 Bullish Momentum: The price is currently at $2,912.80, showing signs of an upward breakout.
📈 EMA Support:
🔴 30 EMA (short-term) at $2,905.06 is acting as support.
🔵 200 EMA (long-term) at $2,862.78 suggests an overall uptrend.
🟣 Key Zones:
🛑 Resistance: Around $2,930 - $2,960 (Target Zone 🎯).
✅ Support: $2,900 (Previously tested and held).
⚡ Trade Setup:
📌 Possible pullback to the VG (Fair Value Gap) before pushing higher.
💡 If price holds above $2,905, it could rally to $2,950-$2,960.
🔥 Conclusion:
📢 Bulls are in control! Watch for confirmation above resistance before entering trades. 🚀💰
GBPJPY Key Support Retest – Potential Bounce or Break?I've been watching #GBPJPY on the 30-minute chart, and there's a strong support level around 189.91. The price has tested this level multiple times and bounced back each time, showing clear buying interest. Right now, it's retesting the same zone, and if it rejects again, we could see another push to the upside. I'm keeping an eye on this level for a potential long setup, but if it breaks below, further downside could be in play. Waiting for confirmation before making a move!
DeGRAM | GOLD squeezed by trend linesGOLD is near the upper boundary of the descending channel between the trend lines.
The price is moving from the dynamic support.
The chart is holding above the 38.2% retracement level.
We expect the price growth to continue.
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GOLD recovers to trade around $2,900, still has a lot of supportOANDA:XAUUSD has stabilized and recovered after falling more than $20 yesterday and is now trading around $2,900. Earlier, investor concerns about a US economic slowdown caused a broad decline in stocks and commodities, dragging down precious metals, especially gold.
OANDA:XAUUSD held above $2,880 after falling nearly 1% on Monday. US President Donald Trump said over the weekend that the US economy could get worse before it gets better and that he was adjusting trade policy through tariffs, fueling market concerns about a possible economic recession.
When broader financial markets take a hit, investors may sell gold to cover losses in other assets, causing the price of gold to fall in the short term. Gold prices have rallied 10% so far this year, hitting a new high. The rally has been fueled by uncertainty surrounding the Trump administration’s policies, central bank purchases of gold, and expectations that the Federal Reserve could cut interest rates further. Lower borrowing costs typically benefit non-yielding assets like gold.
While rising gold prices have dented physical demand in some major Asian economies, inflows into gold ETFs have remained steady. Holdings of gold ETFs hit their highest level since December 2023 as of last week, according to data compiled by Bloomberg.
Investors had begun to reduce their exposure to gold ahead of Monday’s sharp market sell-off. Hedge funds’ long gold positions fell to their lowest in nine weeks, according to the latest data from the U.S. Commodity Futures Trading Commission (CFTC).
While this correction appears to be broad-based, the underlying forces will still be a solid support for gold's upside potential, from the geopolitical landscape to Trump's policies creating global trade conflicts to expectations of Fed rate cuts. Overall, gold still has a lot of support.
Markets focus on US inflation data and Fed policy expectations
Investors are now focused on upcoming US inflation data to gauge whether the Federal Reserve will cut interest rates further:
US Consumer Price Index (CPI) – due on Wednesday
US Producer Price Index (PPI) – due on Thursday
Traders are now fully pricing in the possibility of a Federal Reserve rate cut in June. Federal Reserve Chairman Jerome Powell said on Friday that it is not yet known whether the Trump administration’s tariff policies will lead to higher inflation.
In general, lower interest rates increase the appeal of gold because it is a non-interest-bearing asset, making it cheaper to hold than other assets.
OANDA:XAUUSD Technical Outlook Analysis
On the daily chart, after gold fell to the support level noted by readers in the previous issue at 2,880 USD, it received support to recover, currently trading around 2,900 USD.
A break above the 2,900 USD price level would be considered a positive signal with the next target being the EMA21 area, followed by 2,929 USD rather than 2,942 USD.
In the short term, gold has not yet shown a specific trend when entering the accumulation phase, which is described by 2 green trend lines. But in the medium and long term, the possibility of price increase is still very good when in terms of momentum, the Relative Strength Index RSI is still above 50.
During the day, gold is in the accumulation phase with the main trend leaning towards price increase, the notable positions will be listed as follows.
Support: 2,880 - 2,868 USD
Resistance: 2,900 - 2,929 - 2,942 USD
SELL XAUUSD PRICE 2908 - 2906⚡️
↠↠ Stoploss 2912
→Take Profit 1 2900
↨
→Take Profit 2 2894
BUY XAUUSD PRICE 2857 - 2859⚡️
↠↠ Stoploss 2853
→Take Profit 1 2865
↨
→Take Profit 2 2871
What do you think about today's gold price trend on March 10th?t is likely that today, Monday, gold will break below the 2900-2905 support area to move down towards the 50% Fibonacci level to liquidate all BUY orders in the 2880-2900 zone, and will then adjust strongly upwards again in the mid-week and weekend sessions
Wishing you all profitable trading.
RioNguyen
Trade Uncertainty and Fed Stance Keep Silver Prices ElevatedSilver held at $32.50 per ounce after a 4.4% weekly gain, as trade tensions and U.S. inflation data kept investors cautious. Uncertainty grew after Trump warned of new tariffs on Canadian dairy and lumber, following a U.S. delay on 25% tariffs for Canadian and Mexican goods. Canada upheld retaliatory measures, while China’s tariffs on U.S. agriculture took effect. Concerns deepened after Trump avoided recession and inflation questions in a Fox News interview. Fed Chair Powell signaled no rush for rate cuts despite rising economic risks.
If silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.
GOLD MARKET OUTLOOK – MORE DOWNSIDE BEFORE A MAJOR MOVE?🔥 GOLD BREAKS SUPPORT – IS A FURTHER DROP COMING? 🔥
📌 Market Overview
As expected in our previous analysis, Gold has broken below its key range, confirming a bearish momentum. The current price action suggests another potential drop toward the 285X zone, before any major rebound. For now, the focus remains on SELL setups as long as this breakdown holds.
👉 Market sentiment remains cautious as investors take profits and reduce risk exposure ahead of crucial U.S. inflation data.
📊 FUNDAMENTAL FACTORS DRIVING GOLD
💡 Trump’s Tariff Policies & Market Uncertainty
U.S. President Donald Trump introduced a 25% tariff on imports from Mexico & Canada on March 4th, along with additional tariffs on Chinese goods.
Just two days later, he partially reversed his decision, suspending tariffs on Mexican imports and select Canadian products for one month.
This inconsistency in policy is adding uncertainty to the markets, reinforcing Gold as a safe-haven asset.
💡 Investors Awaiting U.S. Inflation Data
Traders are holding back from taking aggressive positions before the release of key U.S. inflation figures.
Higher-than-expected inflation would strengthen the USD, pushing Gold lower.
Weaker inflation data could trigger renewed bullish momentum in Gold, potentially driving it toward new all-time highs.
📉 TECHNICAL ANALYSIS – KEY LEVELS TO WATCH
🔹 Major Resistance Levels:
2,905 - 2,912 - 2,919 - 2,927
🔻 Major Support Levels:
2,866 - 2,858 - 2,845 - 2,825
🎯 TRADE SETUPS FOR TODAY
🔵 BUY ZONE: 2,846 - 2,844
📍 SL: 2,840
🎯 TP: 2,850 - 2,854 - 2,858 - 2,862 - 2,866
🔴 SELL ZONE: 2,825 - 2,827
📍 SL: 2,830
🎯 TP: 2,820 - 2,816 - 2,812 - 2,808 - 2,800
⚡️ CONCLUSION
📌 Gold remains in a downtrend after breaking key support – watch for further downside before a potential bounce.
📌 Investors remain cautious ahead of inflation data, while Trump’s trade policies add more volatility to the markets.
📌 Stick to TP/SL strategies to manage risk and protect your capital!
📢 Do you think Gold will drop further before a rebound? Share your thoughts below! 🚀🔥
XAUUSD:11/3 Today's Market Analysis and StrategyGold technical analysis
Daily chart resistance 2892, support below 2800
Four-hour chart resistance 2911, support below 2865
One-hour chart resistance 2900, support below 2880
Gold news analysis: Gold prices fell slightly on Monday (March 10) as some investors took profits, while the safe-haven demand brought about by geopolitical uncertainty provided some support for gold prices. At the same time, the market focused on the upcoming US inflation data to judge the outlook for the Federal Reserve's monetary policy. Spot gold fell 0.22% to $2,883.06 per ounce. Gold prices fell slightly due to profit-taking by some investors and weak stock markets. However, it may be supported by safe-haven buying in the future. U.S. stock index futures fell as the market continued to worry that retaliatory tariffs could affect the growth prospects of the world's largest economy, the United States. U.S. President Donald Trump imposed a 25% tariff on Mexican and Canadian imports last Tuesday and implemented a new round of tariffs on Chinese imports. But just two days later, the Trump administration announced a one-month tariff exemption for most Mexican imports and some Canadian goods, making the market more uncertain. The escalation of the trade war and the risk of a global recession are good news for gold, and gold prices are expected to hit a new record high. If the upcoming US economic data is weak, the gold market will be further supported.
Gold operation suggestions: Yesterday, gold fluctuated repeatedly in the Asian and European sessions and was under pressure at the 2918 mark, and then fell back and fell down. The European session fell back and broke through the 2900 mark and continued to fall. It rebounded twice during the session and was under pressure at the 2900 mark. In the US session, it accelerated downward and broke a new low, and finally closed at around 2885. The daily level fell below the 5-day moving average and completely turned into a bearish downward channel.
From the current trend analysis, we focus on the one-hour level 2900 and the four-hour level 2911 pressure line on the top, and the 2980-2850 support line on the bottom. In terms of operation, we still sell at highs. The downward channel has been opened, and we wait patiently for key points to enter the market.
Sell: 2900near SL: 2905
Sell: 2892near SL: 2897
Sell: 2880near SL: 2885
Could the Gold drop from here?The price is reacting off the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 2,900.98
1st Support: 2,863.32
1st Resistance: 2,926.83
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Gold seems to have found support for the week✈️ As we see the bullish imbalances print on the hourly chart, we will attempt to use these as support for higher targeting 🎯 Clear targets right above the range and clear support levels make for great long opportunities.
My bias is still remaining bearish for the moment as you all know we only change bias when we get a close to the other side. We have yet to have the opportunity to close bullish on the daily (our bias time frame), so we play our targets close since these bullish targets are technically counter trend.
Share with a friend in need of great levels 🔑
GOLD, massive rise awaits here... Seed at 2880 level, 3k next.TRADE SEED Signal:
BUY GOLD / XAUUSD.
After our successful trade on GOLD short yesterday registering a whopping 300 pips gain, we are now looking to be on the other side -- as initial shift in behavior has been spotted.
We are now at a higher pre basing zone area. Expect some weighty rise from here on target ATH levels anew with a possible break/
LONG at 2880
Target 3000.
TAYOR.
Trade safely.
XAUUSD H4 | Bearish ContinuationBased on the H4 chart analysis, the price is approaching our sell entry level at 2904.48, a pullback resistance that aligns with the 50% Fibonacci retracement.
Our take profit is set at 2871.29, a pullback support
The stop loss is placed at 2930.95, an overlap resistance.
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Trade Idea: XAUUSD Short ( SELL STOP )Technical Analysis:
1. Trend:
• All three timeframes (H1, M15, M3) show a clear downtrend.
• Price has broken key support levels and continues to make lower highs and lower lows.
2. Indicators:
• MACD: Bearish momentum is strong across all timeframes.
• RSI: All readings are below 40, signaling bearish momentum with room for further downside.
• OBV: Declining, suggesting distribution and strong selling pressure.
3. Key Levels:
• Support: 2868
• Resistance: 2900 (recent swing high)
⸻
Fundamental Analysis:
• US Dollar Strength:
• Higher probability of hawkish Fed rhetoric or strong NFP data leading to more downside in gold.
• Rising Treasury yields could put further pressure on gold prices.
• Risk Sentiment:
• Stronger risk appetite (equities rallying) often leads to gold weakness.
⸻
Trade Setup (Short Position):
• Entry: 2885
• Stop Loss (SL): 2905 (Above resistance)
• Take Profit (TP): 2845 (Next major support)
• Risk-Reward Ratio (RRR): 2:1
FUSIONMARKETS:XAUUSD
Gold (XAU/USD) – Bearish Momentum Towards Key SupportGold (XAU/USD) Technical Analysis – 1H Chart 🏆📉
🔹 Overview:
The chart shows Gold (XAU/USD) in a downtrend after failing to break above resistance.
Key zones are marked: Resistance (~$2,920 - $2,960) and Support (~$2,840 - $2,860).
A potential bearish move is suggested towards the support area.
📌 Resistance Zone (~$2,920 - $2,960) 🚧
Price has struggled to break this level multiple times, leading to rejection.
Sellers are likely in control, pushing the price lower.
📌 Support Zone (~$2,840 - $2,860) 🛡️
This area has historically acted as a strong demand zone.
Possible price reaction here, with a bounce back up if buyers step in.
📉 Bearish Scenario:
A retest of minor resistance (~$2,900) before continuing downward.
If price reaches support, a reversal or further breakdown could occur.
📈 Bullish Recovery?
Only a strong breakout above $2,920 would shift momentum to bullish.
🔥 Conclusion:
Short-term bias: Bearish 📉
Key watch: Price action at support (~$2,840) for possible bounce 📊
XAUUSD 4H Analysis: Rejection at Resistance – Drop to $2,850?📉 XAUUSD (Gold) 4H Analysis – March 5, 2025
Key Levels:
Resistance: Around $2,920 - $2,940 (price is testing this zone)
Support: Around $2,850 - $2,860 (marked as a demand zone)
Market Structure & Projection:
Gold is currently at a resistance level, which has previously acted as a strong supply zone.
The price is showing signs of rejection at resistance, indicating a potential bearish move.
The chart suggests a drop towards the $2,850 support level if price fails to break above resistance.
Indicators & Confluence:
200 EMA (Red Line): Located below the price, showing an overall bullish trend, but short-term correction is possible.
Bearish Structure: The recent push to resistance followed by rejection hints at a potential sell-off.
Liquidity Grab? If price briefly spikes above resistance and then reverses, a deeper drop could be confirmed.
Trading Bias & Strategy:
📉 Bearish Scenario: If rejection at resistance holds, price could head towards $2,850 support.
📈 Bullish Breakout?: If price breaks & closes above resistance with strong volume, upside continuation could be possible.
⚠ Watch for price action at resistance before taking trades. A breakout or rejection confirmation is key.
🔥 What’s Your Take? Bullish or Bearish? Let me know! 🚀📊
GOLD Daily Analysis: Is This the Start of a Deeper Correction?OANDA:XAUUSD is moving inside a clear ascending channel, with the upper boundary acting as long-term resistance and the lower boundary providing dynamic support. Price has been respecting this channel, with multiple touches on both the upper and lower boundaries, reinforcing its structure. Recently, the price formed a double top near the upper boundary, a classic reversal signal suggesting bullish exhaustion.
If the price continues to hold below this level, it could lead to further downside. The next major support is around 2,780 , which aligns with a previous support level and also falls within the golden pocket on the Fibonacci retracement, making it a significant area for a potential reaction.
However, if the price reclaims the double-top region and pushes above recent highs, it would invalidate the bearish outlook and suggest another attempt to break the channel’s upper boundary. For now, the structure remains bearish, with 2,780 as the main downside target.
Don’t forget: US also faces a government showdown With markets in turmoil, it's easy to overlook the growing risk of a U.S. government shutdown.
A three-week market sell-off intensified today as investors worry that unpredictable policies from the Trump administration are pushing the economy into recession.
The S&P 500 is down 9.1% from its February high, the Nasdaq 14%, and the Russell 2000 18%. A 10% decline is considered a correction.
Bitcoin also dropped below $80,000, while the USD and gold are seeing some weakness.
Meanwhile, Lawmakers have until Friday, March 14, to pass a funding bill. But House Republicans must secure near-unanimous support.
The longest shutdown in history lasted 34 days in 2018 over Trump border wall funding. Now, Democrats again hold key leverage. While Republicans have a House majority, they need Democratic support in the Senate to pass funding. Some see this as a rare chance for Senate Democrats to challenge Trump’s/ Elon Musk’s cuts via the Department of Government Efficiency, though it’s unclear if they will take that risk.
GOLD TRADING POINT UPDATE > READ THE CHAPTIANBuddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Gold Traders SMC-Trading Point update you on New technical analysis setup for Gold 🪙 Gold Traders Gold 3 time frame 🖼️ looking FVG rejected point below 👇 2929+ 29209. Technical patterns). Weekly basis setup. )
Key Resistance level 2929 + 2957
Key Support level 2891 - 2848
2832
Mr SMC Trading point
Pales support boost 🚀 analysis follow)