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Bearish Rejection at Resistance – Potential Drop Incoming🔍 Chart Analysis Summary 1. Key Zones Resistance Zone: ~$3,340 – $3,360 Price has been rejected multiple times from this area, showing strong selling pressure. Support Zone: ~$3,200 – $3,240 Strong historical support level, previously held during a pullback after the last rally. 2. Moving Averages EMA 50 (Red): Currently at ~$3,340 Price is fluctuating around it, indicating short-term indecision or a possible retest. EMA 200 (Blue): Currently at ~$3,300 Acting as a mid-term support level. Price previously bounced from this region. 3. Pattern and Price Action Fakeout Potential: The chart suggests a possible false breakout above the resistance followed by a sharp drop—highlighted by the arrow. This is a common bull trap setup. Bearish Outlook Indicated: The projected path suggests a rejection from resistance and a drop to the support zone (~$3,200). This would create a lower high, a bearish sign. 4. Trading Bias Bearish Setup if: Price fails to hold above $3,340 (EMA50). Price gets rejected from the resistance zone and breaks below $3,300 (EMA200). Bullish Invalidated if: Price closes convincingly above the $3,360 resistance with volume, flipping it into support. 📉 Potential Trade Idea Short Entry: Around $3,350–$3,355 Stop Loss: Above $3,365 (above resistance zone) Target: $3,220–$3,230 (support zone)
OANDA:XAUUSDShort
by MrStellanSight
13
Gold trend layout in the evening after the release of NFP data🗞News side: 1. Pay attention to the recent trade situation and news about the Fed's interest rate cuts 2. Be wary of DXY trends 3. The situation of the Russian-Ukrainian war and the follow-up events of the India-Pakistan conflict 📈Technical aspects: The short orders in hand have already been profitable, and gold is now back near 3250, while the US dollar index has once again fallen by 100, reaching around 99.6, and the 1H moving average is currently showing signs of turning upward. The upper and lower shadow lines of the 1H K-line closing look like cross stars of equal length, which means that things may go wrong, and gold may rebound upwards in the short term. We can still focus on the resistance of 3260-3270 above, and further focus on the first-line resistance of 3280-3286, while the bottom has never been able to effectively break through the first-line support of 3240. If this week closes at 3240, then the market outlook next week will be conducive to long trading. Intraday operation suggestions 🎁SELL 3260-3270 🎁TP 3245-3240 🎁BUY 3230-3240 🎁TP 3260-3270 If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
OANDA:XAUUSDShort
by AllenBoswell
Bearish Reversal Setup: Resistance Rejection Targeting Key Chart Overview: Asset: Unspecified (likely XAU/USD or an index based on price levels) Indicators: EMA 50 (red) — currently around 3,306.84 EMA 200 (blue) — currently around 3,300.54 Key Zones: Resistance Zone: ~3,320 to 3,360 Support Zone: ~3,190 to 3,240 Technical Analysis: Trend Context: The asset previously had a strong bullish run, peaking above 3,400. After the peak, it shifted into a lower high structure, indicating potential distribution. Price is currently fluctuating below the resistance zone but above the support zone, suggesting range-bound conditions. Moving Averages (EMA Analysis): The 50 EMA is currently below the 200 EMA, signaling short-term bearish pressure. Price is hovering around these EMAs, suggesting indecision and the possibility of a breakout or breakdown. Resistance Behavior: Price is projected to retest the resistance zone (~3,340–3,360) before a major drop. The resistance zone has already acted as a strong supply area multiple times, reinforcing its significance. Support Expectation: After rejection from the resistance zone, price is expected to decline sharply toward the support zone (~3,200). The drawn arrows suggest an expectation of a rapid sell-off after the final fake-out at resistance. Structure and Price Action: The forecasted scenario shows a liquidity grab above resistance (fake breakout) followed by a strong bearish reversal. This is typical in a "distribution phase" where market makers induce breakout traders before reversing the move. Summary: Primary Bias: Bearish Setup: Short from resistance rejection after liquidity sweep. Target: Support zone around 3,200. Invalidation: A clean breakout and retest above the resistance zone (~3,360) would invalidate the bearish idea. Risk Management: Ensure proper stop loss above resistance to mitigate risk in case of a genuine breakout.
OANDA:XAUUSDShort
by MrStellanSight
5
GOLD → Correction before NFP. What are the chances of a decline?FX:XAUUSD strengthens amid dollar correction. The market is correcting ahead of NonFarm Payrolls, trying to accumulate potential before high volatility. Gold recovers ahead of US employment report On Friday, gold rebounded from a two-week low, recouping some of its losses ahead of the release of US labor market data (NFP), which could set the tone for prices going forward. Amid optimism over trade talks and a strong dollar, gold ended its worst week in two months, but geopolitical tensions and a potentially weak jobs report could boost demand for safe-haven assets again. The correction in the dollar gives gold a small chance to strengthen. However, fundamentally, the overall trend has already set the tone and gold may continue to fall. Resistance levels: 3268, 3285, 3295 Support levels: 3227, 3204 The correction may reach a local zone of interest (money pool) — liquidity above 3270, or the 0.7 Fibonacci zone, after which the price may continue its course along the new trend — down to 3193. However, unpredictable and unexpected data could disrupt the structure and push the price up to 3320-3350. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
9
XAUUSD Analysis🟡 XAUUSD Analysis – May 2, 2025 Chart Overview: Price is reacting near the 0.5–0.618 Fibonacci retracement zone (~3262–3275), a key supply area. A bearish rejection candle is forming at 3264.51, showing resistance. The projection curve on the chart suggests a potential pullback to the 0.236 (3232.76) or even 0 (3206.26) level. 🧠 Fundamental Catalyst (Today’s NFP): If the NFP comes out weak (138K or lower) as expected: USD may weaken → gold could break above 3275 and aim for 3294 or higher. If NFP beats expectations significantly (e.g., above 200K): Strong USD → This bearish setup could play out → Gold may drop toward 3232 or 3206. 📉 Signal (Short-term idea): Bias: Bearish below 3275 Entry: Sell near 3265–3275 (supply zone) TP1: 3232 TP2: 3206
FOREXCOM:XAUUSDShort
by QuinnReed_Charts
2
GOLD ROUTE MAP UPDATEHey Everyone, Great finish to the week, after completing both our Bullish and Bearish target yesterday, we then finished off with our retracement range gaps. We also stated that we will look for a cross and lock below this level to open the swing range or failure to lock, will see support and bounce on this level. This played out perfectly with no lock confirming the rejection and then the bounce allowing us to buy the dip. We are now seeing the level retested again and respecting it perfectly for another bounce. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 3343 - DONE BEARISH TARGETS 3282 - DONE EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET 3224 - DONE EMA5 CROSS AND LOCK BELOW 3224 WILL OPEN THE SWING RANGE SWING RANGE 3190 - 3138 We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead. Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
Gold XAUUSD Possible Move 01-02 May 2025📉 Gold Technical Outlook Gold has decisively broken a key support zone between $3,268–$3,274, now trading near the $3,210-20 level. This move comes amid a clear downtrend structure, with price action respecting a well-defined descending trendline. 🔍 Current Technical Context: Trend: Bearish Support Turned Resistance: $3,268–$3,274 Immediate Support: $3,210–$3,220 Resistance: Trendline and previous support zone near $3,270 A retest of the broken support zone could offer a high-risk, high-reward shorting opportunity, especially if price fails to reclaim it. However, a clean break below the $3,210–$3,220 support could trigger another aggressive selloff, with downside targets potentially extending below $3,160. 📊 Key Drivers (Geopolitical/Fundamentals) US Dollar Strength: The USD remains firm despite mixed economic data, applying pressure on gold prices. Geopolitical Easing: Reduced US-China tensions are weighing on safe-haven flows, as US approaches China for talks on tariffs. Russia-Ukarine: Russia declaring cease-fire for a week. Technical Pullback: Gold is correcting after a strong rejection from the $3,500 zone. Profit-Taking: Recent rejection led to bearish closes as traders locked in gains. Liquidity Considerations: With May 1 being a public holiday in many regions, lower liquidity could amplify volatility. Event Risk Ahead: Caution prevails ahead of key macro events including Non-Farm Payrolls (NFP) and the FOMC statement. 📝 Strategy Notes: Sell-on-Rally Zone: $3,268–$3,274 (if price retests and rejects) Bearish Continuation Trigger: Break and close below $3,210 Invalidation for Bears: Sustained reclaim of $3,274 and a break above the trendline Stay nimble and monitor for reactions around the highlighted zones as event-driven volatility can cause swift moves.
OANDA:XAUUSDShort
by QuinnReed_Charts
Gold recovers after deep fallWorld gold prices recovered to 3,238 USD/ounce on the morning of May 2 after hitting a bottom of 3,205 USD/ounce last night. The reason came from the sell-off when the Chinese market was on a long holiday, causing a lack of physical buying power. However, investors quickly took advantage of this opportunity to buy, amid expectations that the FED would lower interest rates and central banks would continue to collect gold as a safe haven asset. The 4-hour chart shows that the price has bounced back from EMA89, heading towards the EMA34 resistance zone - a positive sign for a short-term recovery.
OANDA:XAUUSD
by vandogeve
THE KOG REPORT - NFPTHE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. We’ve done well this week on gold, capturing the high into the low and then taking the long late session which has nearly completed our higher target for a decent week on this precious metal. As we’ve said, best practice is to let this play out, let them take it to where they want, once it settles, then look for the trade. We have support now at the 320-35 level which is a key level that will need to break in order to reverse and go lower. This level also lines up with our Excalibur levels and red boxes so we can say it’s pretty strong. Above, we have the 3270-75 region which is the previous order level, our volume indicator is suggesting a pull back, so rejection there can take us back into support to settle for the NFP release. It’s this level, if held which can push this upside and our thoughts are at the moment, are they going to take this back into the previous range and hold it there into the close. So as long as 3240 holds us, we’re likely to see higher pricing for now, 3310-20 is the key level above which needs to break to then give us the flip and potential for a new all time high. For now, let’s sit back and see what happens. RED BOXES: Break above 3262 for 3265, 3270, 3275 and 3288 in extension of the move Break below 3252 for 3240, 3236, 3230 and 3220 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
10
SPY/QQQ Plan Your Trade For 5-2-25 : Major CRUSH PatternToday's pattern is a Major CRUSH pattern in Counter-Trend mode. These types of patterns (CRUSH patterns) are usually very large range bars that move against the current price trend. A Counter-trend Major CRUSH pattern would likely be a huge bar that moves counter to a counter-trend - thus potentially BULLISH. Today, I have my reservations related to how this Major Crush pattern will setup. As I stated in my video, yesterday's price bar setup an Island type of bar (in an Evening formation) which is very typical of a topping pattern. Today, I'm expecting the markets to sell downward into the Major CRUSH pattern. I believe the move of my MRM system into Bullish Trending yesterday sets up a perfect opportunity for the markets to shake out the longs on a big CRUSH pattern today. But, I've also highlighted bullish breakaway levels on the SPY/QQQ chart for traders to be prepared for any outcome today. In short, I believe the May 2-5 Major Bottom aligns with this Major CRUSH pattern as a downward price trend today. But, I'll be prepared to take my lumps if I'm wrong and the markets rally straight upward. Over the past few days, we've seen some interesting developments in China and other places. I do not believe the US market is immune from the global slowdown which is taking place right now. Therefore, I urge traders to continue to stay protected from risks and to keep allocation levels rather small. It may seem like a fantastic time to throw out some big trades - but it is still very dangerous in this extreme volatility. I see Gold and Silver trying to base/bottom near recent lows over the next 5+ days. I still believe Gold will be trading at or near $4100 before the end of May. Bitcoin seems to have followed the SPY/QQQ upward since April 21. I believe this is pure speculation. I'm still very cautious of a breakdown in the markets right now. Let's see how this Major CRUSH pattern plays out. It should be interesting - one way or the other (again, I'm still leaning toward a BEARISH breakdown in price today). 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
BITSTAMP:BTCUSDShort
by BradMatheny
20
2 Mai - Gold targeting 3318 ?💰 Gold on the Move – Bearish or Bullish? 🤔 Hey traders! 👋 On the 1H chart, Gold was chillin’ on a trendline starting from $3386 on Wed, Apr 23, climbing up till $3353 on Mon, Apr 28 📈. But then... it changed direction! 😬 Starting Wed, Apr 30, we saw a shift to a lower trendline at $3319, and today it’s trying to climb above $3300 🔄. 📉 Bearish vibes? We're eyeing a dip toward $3279. 📈 Bullish comeback? If Gold breaks above $3279, we might see some real momentum! 🚀 👉 What’s your take? Drop your thoughts in the comments! 💬 ------------------------------------------------------------------------- This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly. Good luck and safe trading! 🚀📊
OANDA:XAUUSDLong
by Wick-Sniper
Easing market risks put pressure on GOLDOANDA:XAUUSD fell to a two-week low on Thursday (May 1), mainly due to signs of easing trade tensions and a long holiday in China, the world's largest gold consumer. Investors will be looking ahead to the US non-farm payrolls report due today (Friday), which is expected to cause major market movements. Easing trade tensions between the US and other countries have kept investors optimistic throughout the week. In addition, easing US-China trade tensions have also added to the pressure on gold as there are no additional risks to stimulate safe-haven demand. US President Donald Trump has decided to exempt some tariffs on the auto industry and made progress on deals with India, South Korea and Japan. On Wednesday local time, Trump said there was a great chance of reaching a trade deal with China and that there were "potential" trade deals with India, South Korea and Japan, and that he was working to reach agreements with the three countries. The Trump administration hopes to reach preliminary trade agreements with several trading partners within weeks, U.S. Trade Representative Greer said Wednesday. U.S. Commerce Secretary Mattis Lutnick said at least one trade deal is close to being announced, several others are close to being finalized, and Trump may be waiting for an opportunity to announce them all at once. Data released on Wednesday showed the US economy contracted in the first quarter and the personal consumption expenditures (PCE) price index was flat in March, turning investors' attention to the non-farm payrolls report due out today (Friday). The US non-farm payrolls report for April will be released on May 2 (8:30 a.m. ET). Expectations for the non-farm report are that traders and economists expect the report to show 133,000 new jobs in the US, average hourly earnings increased 0.3% month-on-month (up 3.9% year-on-year), and the U3 unemployment rate remained unchanged at 4.2%. Fed policymakers said they would keep interest rates on hold until there are clear signs that inflation is falling toward the 2% target or there is a possibility that the job market is deteriorating. Technical Outlook Analysis OANDA:XAUUSD Technically, gold remains in the best position for bullish expectations with support from the EMA21 and the 0.50% Fibonacci retracement. Meanwhile, the Relative Strength Index (RSI) is also reacting to the 50 level, which is considered the closest support in terms of momentum. In the short term, if gold returns to trade above $3,270, it will be considered the best condition for a bullish recovery to end the broad-based correction. However, if gold is sold below $3,228 and maintains its price action below this level, it will likely continue to decline with a subsequent target of around $3,163 in the short term. In the day, considering the current position, gold still has conditions for a bullish outlook technically and the notable price levels will be listed as follows. Support: $3,228 – $3,163 Resistance: $3,267 – $3,270 SELL XAUUSD PRICE 3270 - 3268⚡️ ↠↠ Stop Loss 3275 →Take Profit 1 3262 ↨ →Take Profit 2 3256 BUY XAUUSD PRICE 3174 - 3176⚡️ ↠↠ Stop Loss 3170 →Take Profit 1 3182 ↨ →Take Profit 2 3188
OANDA:XAUUSDShort
by Xayah_trading
4
"Gold Ain’t Done Yet – Snipers Don’t Sleep, They Wait After a clean CHoCH from 3205 and bullish NY session push, Gold is currently hovering around 3239 ahead of major macro catalysts tomorrow (May 2): 💼 News to Watch: NFP (133K vs. 228K prev) Unemployment Rate Average Hourly Earnings All releasing between 15:30–17:00 UTC+2, potentially fueling a volatility storm. We remain in a broader retracement phase after April highs (ATH 3500), with price still sitting in higher timeframe discount zones and internal bullish signs building. However, supply above is unmitigated and could cap rallies. 🔁 MARKET STRUCTURE Price is currently at 3239, just above a valid H1–H4 support zone. Clean CHoCH confirmed from 3205 Liquidity still resting both above 3284 and below 3172 🔽 BUY SCENARIOS (From Discount + Liquidity Areas) 🟢 Buy #1 – 3205–3212 🔹 H1 CHoCH zone + internal FVG 🔹 Sell-side liquidity just swept 🔹 Entry if price retests post-NFP drop ⚠️ Ideal for short-term bounce or reaccumulation into 3260 🟢 Buy #2 – 3172–3185 🔹 H4 OB + sweep zone + EQ 🔹 Heavy stop cluster under 3200 🔹 If broken, becomes invalid → eyes move to 3120 🔸 High-risk/reward reversal zone if NFP panic spikes below 🔼 SELL SCENARIOS (From Premium + Imbalance Zones) 🔴 Sell #1 – 3284–3295 🔹 H1–H4 supply + FVG + internal BOS 🔹 Buy-side liquidity just above 3280 🔹 Classic pre-news pump & dump zone ⚠️ Watch for wicks above 3288 → sniper sell trigger 🔴 Sell #2 – 3325–3333 🔹 HTF OB shelf + imbalance + previous NY rejection 🔹 Final retail breakout trap before larger drop 🔹 Cleanest R:R setup if NFP drives price explosively upward 👀 Eyes On: Zone Reaction Type What to Watch 3220–3235 Bounce or trap Current zone = fragile intraday demand 3284–3295 Rejection or flip Cleanest NY pump trap zone 3172–3185 Final support Below = invalidates bullish scenario short-term 3325–3333 Bull trap zone If reached = extreme precision sell only 🎯 Bias: LTF: Bullish retrace valid above 3212 HTF: Still bearish under 3330 Macro: Wait-and-react on NFP → NO prediction 📣 Final Note for GoldMinds: This is not a prediction plan. It’s a reaction plan. We mapped the real zones. Now let the volatility reveal which liquidity gets hit first. 💬 Drop a 🧠 if you’ve evolved past “buy now / sell now” noise. Let’s hunt like pros — not guess like rookies.
FOREXCOM:XAUUSD
by GoldFxMinds
2
Gold INTRADAY corrective pullback supported at 3218Gold slipped to the $3,200 area as optimism grew over possible US-China tariff talks, which boosted risk sentiment and pushed the US Dollar to a 3-week high. However, gold’s downside may be limited as traders grow cautious ahead of Friday’s US Nonfarm Payrolls (NFP) report. Despite USD strength, growing expectations of Fed rate cuts—possibly four by year-end—are supportive for gold in the medium term. This follows weak US economic data: GDP contracted for the first time since 2022 PCE inflation is easing Jobless claims hit a 2-month high ADP jobs report showed cooling private-sector hiring ISM Manufacturing PMI remained in contraction Key NFP Expectations (Friday): +130K jobs (down from 228K prior) Unemployment Rate: steady at 4.2% Wage Growth: +0.3% Conclusion for Gold Traders: Short-term pressure on gold from stronger USD and trade optimism, but soft US data and rising rate cut bets may provide support. Watch NFP closely — a weak report could trigger a bullish move in gold. Resistance Level 1: 3392 Resistance Level 2: 3457 Resistance Level 3: 3500 Support Level 1: 3218 Support Level 2: 3173 Support Level 3: 3130 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:XAUUSD
by TradeNation
XAUUSD: 1/5 Today's Market Analysis and StrategyTechnical analysis of gold Daily chart resistance 3283, support below 3167 Four-line chart resistance 3283, support below 3200 One-hour chart resistance 3243, support below 3200 Gold operation suggestions: From the current trend analysis, continue to pay attention to the short-term suppression of the 3250-65 area above, and continue to be bearish if it rebounds during the day. The support below is around the 3200 integer mark and 3167. The short-term long-short conversion position is in the 3260~3265 area. You can buy after it stabilizes. Sell: 3283near SL: 3287 Sell: 3243near SL: 3248 Sell: 3200near SL: 3205
TVC:GOLDLong
by ActuaryJ
DeGRAM | GOLD Broke the Rising Channel📊 Technical Analysis ● Break below the rising channel and $3 290 support; failed retest inside the $3 320-3 260 supply creates a descending structure—targets sit at $3 200, then $3 000. ● 4-hour RSI bearish divergence and a sequence of lower highs confirm momentum has flipped to the downside. 💡 Fundamental Analysis ● Dollar Index rebounds (+0.27 %) on auto-tariff-relief headlines, boosting risk appetite and trimming haven demand. ● Yahoo Finance reports gold sliding as a stronger USD and tariff reprieve trigger profit-taking. ✨ Summary Channel break + USD strength favour a short XAU/USD view: objectives $3 200 → $3 000; invalidation above $3 360. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FOREXCOM:XAUUSDShort
by DeGRAM
1
GOLD Formed Bearish Head and Shoulders Pattern🚨 TVC:GOLD Formed Bearish Head and Shoulders Pattern 🚨 TVC:GOLD has formed a bearish head and shoulders pattern and appears to be making a pullback to the neckline before a potential drop. However, if the price breaks out above the right shoulder, the bearish pattern could be invalidated. 📈 Technical Overview: Pattern: Bearish Head and Shoulders Neckline: Current pullback area. Bearish Confirmation: A drop below the neckline could confirm the bearish move. Invalidation: If the price breaks out above the right shoulder, the bearish pattern may be invalidated.
TVC:GOLDShort
by WaveRiders2
Gold Slips as Trade Optimism Eases Safe-Haven Demand Gold is hovering near $3,250/oz, on track for its worst week in over two months. Signs of easing tensions, China’s openness to trade talks and Trump’s remarks on deals with India, Japan, and South Korea, have weakened gold's demand. Adding pressure, the U.S. economy contracted in Q1, and March PCE inflation was flat. Markets now turn their attention to the upcoming non-farm payrolls report. Technically, the $3,200-$3,210 support zone is critical. Narrow Range: $3,180 - $3,276 Wide Range: $3,075 - $3,303 #Gold #XAUUSD #SafeHaven #TradeTalks #USChina #Inflation #PCE #NonFarmPayrolls #Commodities #MarketAnalysis #TechnicalAnalysis #GoldPrice #Forex #Investing
EIGHTCAP:XAUUSD
by ChartMage
How to layout gold before non-agricultural data🗞News side: 1. Progress in Sino-US tariff negotiations: The United States has recently contacted China through multiple channels, releasing signals that a trade agreement may be reached. Market concerns about trade friction have significantly cooled down, weakening the safe-haven appeal of gold. 2. The U.S. non-farm payrolls report for April will be released today (expected to add 130,000 new jobs). If the data is weak, it may strengthen expectations for an interest rate cut. On the contrary, if it is stronger than expected, the interest rate cut schedule may be further delayed. 📈Technical aspects: Gold bottomed out yesterday and has now rebounded to around 3250. For the current market situation, the previous low of 3260-3270 has become an important resistance level above the gold price after the top-to-bottom conversion. In addition, non-agricultural data will be released in the U.S. market today. Therefore, if gold wants to reverse upward, the first resistance will be in the 3260-3270 range. If the counter pull from the bottom fails to stabilize at 3270, then there will be a downward trend. If it breaks through this resistance range, it may test the 3286 line. Before the release of non-agricultural data, the European market can be shorted when encountering resistance at 3260-3270. Everyone is waiting patiently for the opportunity to enter. The following focuses on the important support of 3200. If you agree with this point of view, or you have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSDShort
by AllenBoswell
Gold on Edge – Will NFP Trigger the Next Big Move?🚨 Gold at a Crossroads – Will NFP & White House Comments Trigger a Volatility Spike? ⚡ 🧭 Macro Overview Gold enters the US session with a mild rebound after a sharp selloff, following its historic climb to $3,500/oz. The recent drop was driven less by fundamentals and more by aggressive profit-taking, especially from retail flows in Asia, notably China. Rather than a trend reversal, this correction looks like a healthy technical reset, just ahead of two major catalysts: 1️⃣ US Non-Farm Payrolls (May edition) 2️⃣ White House remarks on tariffs and trade strategy These two factors will likely define gold’s direction heading into next week — either toward deeper support zones or a potential recovery rally into resistance. 📊 DXY & Macro Market Lens The US Dollar Index (DXY) has bounced off its base near 98.xx, currently testing the 100.00 level. Whether the dollar strengthens further depends largely on today’s labour data and fiscal signals from Washington. Traders should remain tactically neutral, relying on intraday timeframes like H1/H2 and respecting key price structure. 🔺 Key Resistance Levels 3,260 3,275 3,285 3,312 🔻 Key Support Levels 3,244 3,230 3,215 3,200 🎯 Trade Plan – Friday 3rd May, 2025 🔵 BUY ZONE A: Entry: 3,232 – 3,230 SL: 3,226 TP: 3,236 → 3,240 → 3,244 → 3,248 → 3,252 → 3,256 → 3,260 🔵 BUY ZONE B: Entry: 3,214 – 3,212 SL: 3,208 TP: 3,218 → 3,222 → 3,226 → 3,230 → 3,235 → 3,240 🔴 SELL ZONE: Entry: 3,276 – 3,278 SL: 3,282 TP: 3,272 → 3,268 → 3,264 → 3,260 → 3,250 ⚠️ Final Notes Volatility may spike sharply during the NY session as NFP and political news collide. This is the kind of session where traders can either capitalize massively or get caught offside — stay disciplined. Avoid emotional entries — let price come to you, wait for confirmation, and stick to your TP/SL. 📣 Conclusion We’re likely in a calm-before-the-storm scenario. Gold hasn’t made its real move yet — but when it does, it’ll be swift. Prepare. Execute. Protect your capital.
OANDA:XAUUSDLong
by MMFlowTrading
GOLD may enter accumulation when the market lacks impact Spot OANDA:XAUUSD prices were broadly steady in Asian trade on Friday (April 25) after a sharp rise in the previous trading day. The current price of gold is around $3,341/ounce, down from the $3,371 price target that readers noted in yesterday's edition. Spot gold prices jumped on Thursday, snapping a nearly 3% decline the previous day, helped by a weaker US dollar and bargain-hunting as investors kept a close eye on the latest news on tariff negotiations. Market Highlights Gold prices rebounded on Thursday after their biggest drop this year as bargain hunters entered the market, Bloomberg reported. China's official broadcaster CCTV reported Thursday that the Wall Street Journal reported that Trump is considering a plan to impose tiered tariffs on China, and White House press secretary Levitt said Trump's stance on tariffs on China "has not softened." "This is all fake news. As far as I know, China and the United States have never consulted or negotiated on tariffs, let alone reached an agreement. This tariff war was initiated by the United States, and China's attitude is consistent and clear: if you want to fight, we will fight to the end; if you want to negotiate, the door is open. Dialogue and negotiation must be equal, respectful and mutually beneficial," said Chinese Foreign Ministry spokesman Guo Jiakun. Cleveland Fed President Hammack made it clear in an interview on Thursday that the Fed has essentially ruled out a rate cut in May. But she also delivered a key message, saying that if there is clear evidence of the economy’s direction, there will be room for policy action in June. When asked if a rate cut was possible in June, Hammack said: “If we get clear and compelling data in June, then I think the committee will act, assuming we have a clear understanding of the right path for policy at that point.” Markets reacted quickly after Hammack’s remarks, with interest rate swaps indicating the likelihood of a rate cut by the Federal Reserve in June rising to around 65%. Technical Outlook Analysis OANDA:XAUUSD After achieving the target increase twice, which readers should pay attention to in the previous day's publication at 3,371 USD, the price point of the Fibonacci retracement of 0.236%, the recovery momentum of gold is being controlled and limited. In the short term, gold is likely to enter a sideways accumulation phase, waiting for more fundamental breakthroughs. The expected accumulation area is around 3,371 - 3,292 USD, which are the positions of the Fibonacci retracement of 0.236% and 0.382%. However, with the current position, the main outlook is still bullish in the long term with the trend from the price channel as the main trend and support from the EMA21 as the main support. During the day, the expectation of short-term accumulation in the main uptrend will be noted by the following levels. Support: 3,300 – 3,292 USD Resistance: 3,371 USD SELL XAUUSD PRICE 3411 - 3409⚡️ ↠↠ Stop Loss 3415 →Take Profit 1 3403 ↨ →Take Profit 2 3397 BUY XAUUSD PRICE 3204 - 3206⚡️ ↠↠ Stop Loss 3200 →Take Profit 1 3212 ↨ →Take Profit 2 3218
OANDA:XAUUSDLong
by Xayah_trading
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