Gold chart - Daily ideas for April 7th🔸 Market Snapshot
📉 Gold pulled back sharply on Friday after a surprisingly strong U.S. NFP report, which added 303,000 jobs — well above forecasts. This cooled immediate expectations for aggressive Fed rate cuts and pushed Treasury yields and the dollar higher, triggering a short-term correction in gold prices.
📊 After printing a fresh all-time high at $3168 last week, this drop is seen as a technical retracement, not a trend reversal. Powell’s speech echoed a cautious stance, reiterating a data-dependent path, which leaves room for renewed upside if inflation softens or geopolitical tensions escalate.
🌍 With Middle East tensions still brewing and demand for safe havens intact, many traders now eye 3015–2975 as a key demand zone for potential reaccumulation — setting the stage for the next leg toward 3200 and beyond.
🟩 BUY SCENARIO 1
📍 Entry: 3020–3015
🧠 Confluences: Bullish M15 FVG + Trendline Support + RSI Reversal
TP1: 3086
TP2: 3130
SL: 3008 (below swing low + OB invalidation)
📌 Look for bullish M5 CHoCH or strong reaction wick for sniper entry
🟩 BUY SCENARIO 2
📍 Entry: 2975–2965
🧠 Confluences: Untapped M30 OB + Imbalance Zone + D1 Demand
TP1: 3050
TP2: 3086
SL: 2958 (below OB + psychological 2960 level)
⚠️ Only valid if 3010 breaks and flushes into this zone. Let the price come to you.
🔻 SELL SCENARIO 1
📍 Entry: 3107–3115
🧠 Confluences: M15 OB + Unmitigated FVG + CHoCH after LH
TP1: 3030
TP2: 3010
SL: 3119 (above OB + intraday wick room)
📌 Look for M1–M5 bearish confirmation or rejection wick at OB
🔻 SELL SCENARIO 2
📍 Entry: 3135–3142
🧠 Confluences: Strong OB Zone + Premium Liquidity Grab + Equal Highs
TP1: 3086
TP2: 3020
SL: 3148 (above liquidity + OB invalidation)
⚠️ Still valid if price rallies fast – bonus confluence if RSI shows divergence
📌 Key Levels Recap:
🔹 3142 – Premium OB Zone
🔹 3115 – Intraday LH Rejection
🔹 3020 – Bullish FVG + Trendline Support
🔹 2965 – Deeper Demand Zone
🔹 2958 & 3148 – Final SL Protection Areas
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
If you find the ideas contribute to your views on the market be kind to press boost🚀/like button. Your support is appreciated.
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Short gold at the right time after rebound📍Gold experienced a sharp decline to around 3002 in the short term — did it catch you off guard? Despite the rapid drop, I remained committed to my trading logic and strategy. As long as gold holds above the 3005-2995 support zone, a rebound toward the 3015 level remains likely. After stabilizing, gold has already rebounded above 3014, nearly reaching our target zone of 3015. In response, we opted to manually close our positions to lock in profits.
📍Looking ahead, our primary focus will be on the 3015-3025 resistance zone. In the short term, gold has shown signs of forming a descending channel structure. If it fails to decisively break above the 3015-3025 zone and invalidate the downtrend channel, there remains a possibility of a retest of the 3000 level, with further downside potential toward the 2995-2985 range.
🔎Trade Idea:
Xauusd: Sell at 3015-3025
TP:3010-3000
SL:Adjust according to risk tolerance.
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Short gold? No, I choose to buy gold📍Gold Plunges to Around 3006 — Is This Really a Good Opportunity to Chase Shorts? To be frank, despite the sharp short-term decline in gold, bullish resilience remains evident. As long as the price holds above the 3000-2995 support zone, the defensive line remains strong and unbroken. Therefore, I don’t consider chasing shorts a prudent decision at this stage. On the contrary, the presence of strong buying interest and solid support below significantly increases my preference for long positions in gold.
🔎Trade Idea:
Xauusd: Buy at 3015-3005
TP:3025-3035
SL:Adjust according to risk tolerance.
📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Be bold and short gold to reap profitsBros, gold continued to rebound to around 2922, but after touching 2922 several times, gold could not continue to make an effective breakthrough and showed signs of retracement. This proves that the upper pressure is strong. According to the current momentum of gold, it cannot easily break through the resistance of the 2925-2930 zone above.
Then gold must have the need to retrace and accumulate power, so my trading strategy in the above article is still valid. We have shorted gold in the 2915-2925 area according to the trading plan. Now we are patiently waiting for gold to fall deeper and expand our profits. It is expected that gold will retest the 2905-2895 zone again.
Bros, gold is now like a drunken old man, swaying from side to side as he walks. At any moment, he might stumble and fall along the way.
Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Short gold! Target to earn 400 pips!!!Bros, gold has failed to effectively break through the 2920 area after many attempts during the rebound, and has consumed too much bull momentum near the resistance area. The shorts will become relatively stronger; gold has just fallen below 2900 strongly during the decline, further indicating that gold will choose a downward direction, and the current gold rebound is more likely to reserve room for a decline in the NFP market tomorrow.
So in terms of short-term trading, I still insist on shorting gold. At the latest on Friday in the US market, I expect gold to usher in a wave of big declines, at least retreating to the 2880-2870 area again, or even near the 2860 area. Brothers, are you optimistic about the big decline in gold?
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