Gold (XAU/USD) – Rising Wedge Breakdown & Bearish SetupOverview
Gold (XAU/USD) has been in a strong uptrend, making consistent higher highs and higher lows. However, the price action has formed a Rising Wedge Pattern, which is typically a bearish reversal formation. This pattern suggests that the bullish momentum is weakening, and a potential sell-off could follow.
The recent breakdown of the wedge structure confirms the bearish bias, and sellers are now in control. Based on price action analysis, we can anticipate further downside movement toward key support levels.
📊 Technical Analysis – Rising Wedge Breakdown
1️⃣ Understanding the Rising Wedge Pattern
The Rising Wedge is a bearish pattern that occurs when the price consolidates within an upward-sloping channel but shows signs of exhaustion. Here’s how it developed:
Higher Highs & Higher Lows: The price consistently formed higher peaks and troughs, indicating an uptrend.
Declining Bullish Momentum: As the wedge progressed, price action became increasingly squeezed, showing reduced bullish strength.
Breakout Confirmation: Once the lower trendline of the wedge was breached, it confirmed that buyers were losing control and that sellers had stepped in.
2️⃣ Key Levels & Market Structure
🔵 Resistance Level: The upper boundary of the wedge around $3,150 - $3,163 acted as a supply zone, where sellers pushed prices lower.
🟠 Support Level: The lower boundary of the wedge, around $3,100 - $3,120, initially provided demand but eventually failed to hold.
🔻 Breakdown Confirmation: The price broke below the wedge, which is a strong bearish signal.
🎯 Trade Setup & Strategy
3️⃣ Bearish Trading Plan
Given the breakdown of the wedge pattern, the setup favors a short (sell) trade. Here’s how to approach it:
📉 Sell Entry:
The ideal short position is initiated after a confirmed break of the wedge’s support level.
📍 Stop Loss (SL):
A tight stop-loss is placed above the previous resistance at $3,163.67, ensuring risk is controlled if the trade goes against the bias.
🎯 Take Profit (TP) Targets:
TP 1: $3,080.66 – First major support level, where buyers might step in temporarily.
TP 2: $3,057.33 – Extended downside target, offering a greater risk-to-reward ratio.
4️⃣ Additional Price Expectations
Retest of the Wedge Breakdown: The price may pull back to the broken wedge support before continuing downward.
Stronger Bearish Momentum: If selling pressure remains strong, price could fall even lower, breaking TP 2.
Invalidation Level: If price climbs above $3,163, the wedge breakdown would be invalidated, signaling that bulls have regained control.
📌 Conclusion & Market Sentiment
🔹 Rising Wedge Breakdown Signals Further Downside – The market structure suggests that sellers are gaining control.
🔹 Sell Setup with Risk-Managed Approach – With a defined stop-loss and two profit targets, this trade offers a favorable risk-to-reward setup.
🔹 Gold’s Short-Term Bearish Outlook – The chart confirms a potential correction, and price may drop towards $3,080 and $3,057 if the bearish momentum continues.
📊 Final Thought:
This is a high-probability short trade based on classic technical analysis. Traders should monitor for confirmation retests and manage risk accordingly. ✅
Would you like any refinements or additional insights? 🚀
Gold
XAU/USD(20250403) Today's AnalysisMarket news:
US trade policy-① Trump signed an executive order to establish a 10% "minimum base tariff" for all countries, and will impose reciprocal tariffs, including 20% for the EU, 24% for Japan, 46% for Vietnam, and 25% for South Korea. The tariff exemption for goods that meet the USMCA will continue, and the tariff for those that do not meet the requirements will remain at 25%; ② The US Treasury Secretary called on countries not to retaliate; ③ The base tariff will take effect on April 5, and the reciprocal tariff will take effect on the 9th. In addition, the 25% automobile tariff will take effect on the 3rd, and the automobile parts tariff will take effect on May 3rd; ④ Gold bars, copper, pharmaceuticals, semiconductors and wood products are also not subject to "reciprocal tariffs".
Today's long and short boundaries:
3127
Support and resistance levels
3164
3150
3141
3113
3103
3089
Trading strategy:
If the price breaks through 3150, consider going long, with the first target price at 3164
If the price breaks through 3141, consider going short, with the first target price at 3127
XAUUSD H1 | Bearish fall in the short termBased on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 3150.56, which is a pullback resistance.
Our take profit will be at 3132.63, a pullback support level.
The stop loss will be placed at 3168, which is a swing high resistance level.
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Gold is reversing before reaching the round $3,000 mark.Gold is reversing before reaching the round $3,000 mark.
As you can see on the chart, we’ve hit the 227% Fibonacci level.
— Back in 2008, after testing this level, we went into a correction.
— I think we might see a similar scenario play out from here.
Dollar Index:
SP500/SPY:
Gold reverses sharply after Trump's tax announcementThe world gold price has reversed sharply because the global market has just received information last night (Hanoi time) that US President Donald Trump has just signed an executive order to impose taxes on all goods imported into the US, many countries will have to pay high taxes of up to tens of percent.
Specifically, the UK, Brazil, Singapore will be subject to a 10% tax. The European Union, Malaysia, Japan, South Korea, and India will be subject to 20-26%. China, Thailand, and Vietnam are among the countries subject to the highest tax rates, at 34%, 36%, and 46%, respectively. The highest is Cambodia, which will be subject to a tax rate of up to 49%. This tax rate will be applied from April 9. In addition, Mr. Trump said that a 10% import tax will be applied to all goods imported into the US from April 5.
Mr. Trump said that every year the US loses 1,200 billion USD due to the trade deficit due to 3,000 billion USD of imported goods.
After this information, the global financial market was shaken, in which the US stock market had a strong decline, losing from more than 1% to more than 2%. On the contrary, gold - an asset that ensures capital safety in case of risk - has benefited from a strong increase in price.
Many experts commented that the Trump government's tariff policy has increased global trade tensions. Previously, the US imposed tariffs on some goods from Canada, Europe and China, aluminum and steel. These countries have responded to the tariffs on the US.
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed higher on the daily chart. However, following the announcement of mutual tariffs after the previous session’s close, the index experienced a significant gap-down. On the daily chart, the MACD has crossed below the signal line, generating a sell signal, though confirmation is still pending. If today's session closes with a bearish candle, we must monitor whether this leads to a third wave of selling, signaling further downside.
Due to the gap-down, the price is now significantly distanced from the 3-day and 5-day moving averages (MAs), making it crucial to observe whether the price rebounds intraday or continues to decline further. With the first support level at 19,000 now breached, the next key support is around 18,500. When considering buy positions, it is essential to manage stop-loss risk carefully.
On the 240-minute chart, a sell signal has appeared but is not yet confirmed. If confirmed, it could trigger a third wave of selling pressure, potentially leading to further declines. Given the increased market volatility, a cautious approach is recommended—reducing leverage and only trading at key price levels to minimize potential losses.
Crude Oil
Crude oil closed higher while maintaining a range-bound movement around $72. On the daily chart, the MACD has moved above the signal line and the zero line, establishing a bullish trend. However, following the mutual tariff announcement, the price gapped down, dropping below $70. The strongest support zone lies around $68, making it crucial to observe whether the MACD adjusts and aligns with the signal line before rebounding from this support level to resume the bullish trend.
On the 240-minute chart, a sell signal has appeared, but with multiple support levels nearby and both MACD and the signal line still above the zero line, the market is likely to attempt rebounds. A buy-the-dip approach remains favorable, but caution is necessary given today’s OPEC meeting, which could lead to increased volatility.
Gold
Gold closed higher, finding support at the 5-day MA. Following the mutual tariff announcement, the price initially gapped up to around 3,200, before pulling back. As previously mentioned, the upward target for this wave is around 3,216, with strong buying momentum continuing. On the daily chart, gold is trading between the 5-day MA and the upper Bollinger Band, maintaining a one-way bullish structure.
A bullish strategy remains favorable unless the daily close falls below the 10-day MA. On the 240-minute chart, the MACD remains above the zero line and previously attempted to break above the signal line but has since pulled back. Since buying momentum is still present, if the price finds support at a key supply zone, another leg higher could occur, potentially triggering a golden cross in the MACD and leading to a third wave of buying pressure.
Short positions should be approached with caution, and given the increased market volatility, risk management is crucial. Whether buying or selling, stop-loss discipline is essential to manage potential risks.
Market volatility has surged since the pre-market session due to Trump’s mutual tariff policies. Volatility is both an opportunity and a risk for traders. Do not let greed lead to losses in a market that doesn’t match your trading style. Adjust position sizes accordingly and only trade within your comfort zone. The market is always open. Do not focus solely on today—take a steady and stable approach to trading.
Wishing you a successful trading day!
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Huge Buy for Gold XAUUSD (Trump announces tariffs of up to 25%)How Trump’s 25% Auto Tariffs Could Be a Huge Buy Signal for Gold
The proposed 25% tariffs on automobile imports to the U.S. by former President Donald Trump could have significant economic consequences, many of which could drive gold prices higher. Here’s why:
1. Trade War Fears and Market Uncertainty
A new wave of tariffs could escalate tensions with key trading partners, particularly the European Union, Japan, and South Korea, leading to retaliatory tariffs and a potential global trade war.
Uncertainty in global trade historically increases demand for gold as investors seek a safe haven from market volatility.
2. Higher Inflation and Rising Costs
Tariffs would increase the price of imported cars, leading to higher inflation in the U.S.
Rising inflation typically weakens consumer purchasing power and drives investors toward gold, a traditional inflation hedge.
3. Economic Slowdown and Risk of Recession
Automakers and suppliers may cut jobs or reduce production, impacting economic growth.
A slowing economy could trigger rate cuts from the Federal Reserve, which would lower bond yields and make gold even more attractive as a non-yielding asset.
4. Pressure on the U.S. Dollar
Trade conflicts can destabilize the U.S. dollar, especially if major economies reduce reliance on U.S. exports or retaliate with their own tariffs.
A weaker dollar increases the price of gold, as gold becomes cheaper for foreign investors.
5. Central Bank Demand and Gold Accumulation
If economic uncertainty rises, central banks may increase gold reserves, further boosting demand.
We’ve already seen major central banks accumulating gold at record levels, and new trade disruptions could accelerate this trend.
Conclusion: A Strong Bull Case for Gold
If Trump’s 25% auto tariffs take effect, they could trigger inflation, market volatility, and economic slowdown, all of which are bullish for gold. With central banks buying aggressively and rate cuts likely on the horizon, this could be a major buying opportunity for gold traders.
Would you buy gold in this scenario? Let me know in the comments! 🚀
XAUUSD Daily Trading Plan for April 3, 2025🧠 Smart Money Concepts x Fundamental Flow
Despite negative USD news (ADP & ISM) and Trump’s hawkish blurbs, Gold didn’t pop aggressively — it wicked up into premium supply, then quickly retraced. That’s a liquidity game, not a trend change (yet). Still bullish bias overall, but intraday looks mixed.
🧭 Bigger Picture – D1/H4
Price rejected strongly from the premium supply zone near 3144–3147, leaving a clear wick with imbalance underneath.
Bullish structure remains valid, but we're seeing a potential distribution pattern short-term.
Trendline liquidity & HLs are stacking up below, ideal for a grab.
🟩 Demand zones of interest:
3107–3115 (discount zone, strong reaction in prior sessions)
3086–3092 (last known rally base)
📌 Key Zones
🔵 Premium supply: 3144–3147
🟡 Buyside liquidity: 3147–3155
🟦 Sellside liquidity grab zone: 3107–3115
🟢 Strong demand: 3086–3092
🔴 Major liquidity draw: 3180 zone (untouched weekly magnet)
🧩 SCENARIO 1 – 🐂 “Power of Discount” Buy Setup
“When in doubt, hunt the imbalance out.”
Price dips toward 3115–3107, taps imbalance + OB, shows M5/MS shift
Confirmation + sniper long
TP1: 3142 (last high), TP2: 3180 if momentum kicks in
🎯 Confluences:
Discount OB zone + unfilled imbalance
Trendline tap + BOS + liquidity grab
Weak DXY context
🧩 SCENARIO 2 – 🐂 Trap, Swipe & Rally Buy
Deep sweep to 3086 zone
Reversal signs after stop hunt / equal low grab
Entry on CHoCH or breaker retest (M15 or M5)
TP1: 3140, TP2: 3180
💡 This is the “maximum pain = maximum profit” play.
🧩 SCENARIO 3 – 🐻 Premium Rejection Intraday Sell
“Supply hits, market flips.”
Price tests 3144–3147 again in early session
No BOS on M5, shows weakness (M5/M15 LH + CHoCH)
Sell into imbalance zones
TP1: 3127, TP2: 3110
⚠️ Only take this if we don’t break above 3147. Watch liquidity wicks!
🧩 SCENARIO 4 – 🐻 Fake Pump & Dump
Price spikes through PDH, into 3155–3160
Quick rejection (news-induced spike or algo trap)
Sell setup on lower TF reversal after liquidity sweep
TP to 3115 zone
🎭 A classic “grab & go” trap. Great RR but needs discipline.
📰 Macro Watch – April 3, 2025
Fed speakers are lining up — watch for dollar volatility 👀
China PMI during Asia could boost metals
DXY might stay weak → keep gold supported
Gold is at ATH regions = more manipulation + fakeouts!
Gold Reclaims Momentum – RSI Enters Overbought TerritoryGold is on fire again, closing at $3,126.45 (+0.38%) and continuing to ride a steep uptrend supported by the 50-day SMA (2,925.58) and a well-respected ascending trendline.
🔹 MACD is trending higher with widening separation – bullish momentum is building again.
🔹 RSI just breached 75.80, putting gold deep into overbought territory.
🔹 No immediate resistance above – price is in discovery mode.
The trend is strong and healthy, but the overbought RSI suggests short-term pullbacks can't be ruled out. Still, buyers remain firmly in control above $3,000.
As long as the trendline holds, gold’s shine won’t fade.
-MW
Liberation Day: Fear or greed in the air? We are less than hour out from the Liberation Day tariff announcements. The U.S. is preparing to roll out reciprocal tariffs on all countries, with rates set at 10%, 15%, and 20%, according to Sky News.
Investors hoping for certainty may be disappointed—this could mark the start of a longer phase of trade battles.
Mexico, once again, is reading the room. President Sheinbaum has confirmed Mexico won’t respond with tit-for-tat tariffs. They understand that the way to deal with Trump is to treat him with kid gloves.
Meanwhile, gold hit another record high, reaching $3,149.04 on Tuesday before pulling back a little. Buyers might have a better setup around the parallel pivot line to position for further upside.
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
This is an update on our daily chart idea that we are now tracking for a while now. If you have only started following us, please read the updates below at the bottom from previous weeks to see how effectively we have been tracking this.
Once again another great day on the markets with our daily chart idea playing out to completion. Yesterday we updated the completion of our 1H chart route map and today we have finally completed this daily chart idea. Our last update we stated that we had the candle body close above 3052 opening 3103 axis target. This was hit perfectly this week completing this chart idea.
We will continue to update our new multi time frame route maps, as usual, with renewed chart ideas on our usual weekly updates.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
OLD UPDATES ON THIS CHART IDEA
MARCH 23RD WEEK UPDAT E
The half line of our unique channel gave the perfect bounce into the next axis target at 2904, inline with our plans to buy dips just like we stated. We now have a body close once again with ema5 cross and lock above 2904 leaving the range above open. We will continue to look for support at the ascending half-line of the channel, as we climb into the range.
PREVIOUS WEEKS UPDATE
After completing our Bullish targets we stated that the channel top will act as resistance confirmed with ema5 rejection. A break of the channel top with ema5 would confirm a continuation and failure would confirm rejection. This allowed us to identify true breakouts against fake outs.
We also stated that we need to keep in mind the channel half line below to establish floor to provide support for the range, should we continue to track further up. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. The safest way to track this movement is by buying dips.
- Once again this played out perfectly as we got the rejection on the channel top followed with the channel half line test, which gave the perfect bounce like we stated. We will now either look for a continuation from this bounce or a cross and lock below the half line for a break into the lower channel floor.
GOLD Technical Analysis - Correction Incoming?OANDA:XAUUSD is trading within a well-defined ascending channel, with price action now testing the upper boundary. This level could act as dynamic resistance, and a rejection here could trigger a corrective move toward the 3,035 support zone.
If buyers defend this support, the bullish structure remains intact, with a potential move back toward higher levels. However, if price breaks below this zone, a deeper pullback toward the lower boundary of the channel could come into play.
Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Proper risk management is advised, always confirm your setups and trade with solid risk management.
If you have any thoughts on this setup or additional insights, drop them in the comments!
Using The CRADLE Pattern To Time/Execute TradesThis simple video highlights one of my newest pattern definitions - the Cradle Pattern.
In addition to the many other patterns my technology identified, this Cradle Pattern seems to be a constant type of price construct.
I'm sharing it with all of you so you can learn how to identify it and use it for your trading.
Ideally, this pattern represents FLAGGING after a trend phase.
It is a consolidation of price within a flag after a broad trending phase.
It usually resolves in the direction of the major trend, but can present a very solid reversal trigger if the upper/lower pullback range is broken (see the examples in this video).
Learn it. Use it.
Price is the ultimate indicator.
Learn to read price data more efficiently to become a better trader.
Get some.
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SPY/QQQ Plan Your Trade Update Update For 4-2 : ConsolidationThis quick update shows why I believe the SPY/QQQ will struggle to make any big move as long as we stay within the 382-618 "Battle Zone".
The SPY continues to rally up into this zone and stall out. If the SPY stays within this zone, I believe the markets will simply roll around in a tight range and go nowhere today.
Thus, I published this article to warn traders not to expect any big trends until we breakout - away from this Fibonacci "Battle Zone".
You can't kick the markets to make it go anywhere. And, unless you are trading very short-term swings in price - you are probably better off sitting on the sidelines waiting for a broad market trend to establish.
This is a warning. As long as we stay in the Fibonacci "Battle Zone", price will struggle to build any major trend.
So, play your trades accordingly - or just take a break from trading while you wait for the markets to roll out of the "Battle Zone".
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Update XAUUSD Intraday Battle Plan"Gold never sleeps… but it might fake you out first!" 🤫
🟢 Buy Scenario 1 – “The Spring Trap” 💧
If price sweeps liquidity below 3107 zone (grab zone + FVG), be ready for a bounce.
Entry zone: 3100 – 3107
Confluences:
Valid FVG + Imbalance
Strong rejection already shown from this area
Trendline liquidity trap below
Buy-side OB forming (watch M15/M30 for confirmation)
SL: Below 3090
TP1: 3125
TP2: 3140
Note: A classic liquidity sweep to trap bears before a news-driven reversal? Don’t blink. 👀
🟢 Buy Scenario 2 – “The Bounce of Faith” 🧗
If price respects the trendline and discount zone without grabbing 3100.
Entry: 3112 – 3117
SL: 3106
TP1: 3135
TP2: 3147 – PDH
Confluences:
Equilibrium + strong bullish reaction from previous HL
CHoCH confirmed on LTF
Divergence on RSI (M15) might cook a sniper launch 🚀
🔴 Sell Scenario 1 – “The Fakeout Masterclass” 🎭
If price retests supply zone 3145–3150 and fails to break PDH (3148)
Entry zone: 3145 – 3150
SL: 3155
TP1: 3130
TP2: 3112
Confluences:
Weak high + premium zone
PDH liquidity magnet → sell-side grab potential
Bearish OB forming on M15
Reminder: Respect the zone—don’t marry the bias. 💍
🔴 Sell Scenario 2 – “The Trap Breaker” ⚔️
If ascending triangle fails & price nukes below 3110.
Entry: 3110–3105 (after CHoCH or BOS on LTF)
SL: 3117
TP1: 3096
TP2: 3086 (stronger OB zone)
Fuel: Momentum + stop hunt + potential shift from bullish to correctional structure
📢 News Watch – April 2, 2025
⚠️ ADP Non-Farm Employment Change (15:15 GMT+2)
Big mover, early warning before NFP. More jobs = bearish gold.
⚠️ ISM Services PMI (17:00 GMT+2)
High impact. Strong services = stronger USD → bearish for gold.
📌 Expect volatility spikes. Best entries = after liquidity grabs post-news.
🧨 Final Words
Be patient. Let price come to your zone. Set alerts. Don’t chase—trap it like a sniper. 🎯
💬 Drop a follow & smash that ❤️ if this plan made your day easier. Let’s ride the gold wave together 🌊⚡