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PMI Boosts USD but Caution Lingers Ahead of Fed DecisionOANDA:XAUUSD TVC:GOLD The recent release of stronger-than-expected S&P Global PMIs in the U.S. has offered short-term support to the dollar, pressuring gold from intraday highs. Manufacturing and services PMIs both improved to 52.3 in May, fueling speculation that the U.S. economy may still be resilient despite persistent concerns over Trump's proposed tax reforms and renewed tariffs. Still, market sentiment remains cautious. While Wall Street recovered slightly, it continues to post weekly losses. Investors are balancing upbeat data with longer-term risks — including a potential economic slowdown triggered by aggressive fiscal tightening and global demand headwinds. With the FOMC meeting approaching (June 17–18), gold traders are likely to remain reactive to macroeconomic signals. Any dovish shift or mention of a potential rate cut timeline could reignite demand for non-yielding assets like gold. Until then, price action around the $3,289 support and the Quasimodo pattern will be crucial for short-term direction. Resistance : $3,319 , $3,343 Support : $3,289 , $3,239
FOREXCOM:XAUUSDShort
by ATFX_Global
Gold starts to go down? Double opportunities.Analysis of Asian market trend: To summarize the short-term trend, "continue to step back and continue to seek key support". Gold rose and then fell in the Asian market yesterday, and the final rebound stopped at 3350. The trend is in line with our short-term bearish expectations. As for the market falling and breaking, it is a normal market. This means that the adjustment needs to continue. Today, the main focus below is still the support level of 3280. The early decline has approached this point, but it has not been completely touched; if this position is not broken, the bullish rebound is still there and it will rise at any time. Operation adjustment, mainly low and high, supplemented by high and low, look at the shock sideways, wait for the market to break through the range and gradually look down; then the two main points of short-term focus, if the downward trend does not break 3280, then the rebound will first look at the high point of 3320. Strong breakthrough and stabilization at this position, if it does not break through yesterday's high point, it will continue to be mainly shocking; at the same time, unlike the previous consecutive rises in the past few weeks, this week's trend is slightly weak, and it is almost the weekend, so let's look at the amplitude of the range trend first. Operation strategy: Short around 3320, stop loss at 3328, target at 3290; Long around 3280, stop loss at 3270, target at 3315. Short-term trading is temporarily operated in this range, and a new layout will be made if it breaks.
OANDA:XAUUSD
by Quaid-1
1
Gold Price Analysis May 22The recent consecutive bullish candles have brought gold close to ATH. With the current candlestick force, gold is still not strong enough to close above 3400 today and will still encounter some selling force creating a new half wave that can push it back above 3400 The immediate barrier zone is 3344 that the Asian session needs to pay attention to. If it does not break through at the end of the session, it is possible to SELL around this area, the target will not be long because the buying force is still strong according to the main trend. In case of breaking 3344, 3360 is the next price reaction zone for the European and American sessions. The resistance at 3395 will play a key role in preventing gold from a strong slide. On the other hand, any retest is considered a good opportunity to buy. 3322 and 3290 are the targets of SELL orders and are also buying opportunities when there is confirmation of buying force around this area.
OANDA:XAUUSD
by TVS-Trader
Dangers and opportunities for gold? Trend change?In early Asian trading, spot gold fluctuated in a narrow range and is currently trading around $3,300. After rising in the first three trading days of this week, gold prices briefly hit a two-week high of $3,345 in Asian trading on Thursday, then fell sharply and finally closed around $3,294. This rapid change hides the fierce struggle between the strengthening of the US dollar, the turmoil of US bonds and geopolitical changes. The rebound of the US dollar is the biggest pressure for the rise in gold prices. Another major pressure on the gold market comes from the sharp fluctuations in US bond yields. The 30-year US bond yield hit a 19-month high, reflecting the market's deep concerns about the $3.8 trillion in new debt. The cold auction of $16 billion in 20-year US bonds on Wednesday further confirmed the judgment that the demand for sovereign bonds is undergoing structural changes. The current gold market is being pulled by multiple forces. In the short term, the technical rebound of the US dollar and the selling of US bonds do pose pressure. But in-depth analysis shows that the pressure of currency depreciation brought by the $3.8 trillion fiscal expansion, the safe-haven demand caused by the damaged credit of US debt, and the risk of stagflation are three factors that are building long-term support for gold. I think the shadow of global bond market turmoil will become a potential factor for the bullish gold market. There are relatively few economic data during Asian trading hours. The focus should be on the annualized total number of new home sales in the United States in April after seasonal adjustment and the speeches of Federal Reserve officials, as well as news related to the geopolitical situation and the international trade situation. I will also analyze the latest international news and its impact on gold prices for you as soon as possible. Short-term operation strategy: First rise: short near 3345, stop loss 3255, profit range 3280-3270. First fall: long near 3275, stop loss 3265, profit range 3300-3310.
OANDA:XAUUSD
by Quaid-1
Trade Idea : XAUUSD LONG (BUY LIMIT)✅ Trade Bias: Long (Buy) ⸻ 🔍 Technical Analysis Summary 📈 Daily Chart • Trend: Strong uptrend with recent consolidation after an extended move higher. • MACD: Bullish momentum cooling but still positive — histogram declining slightly. • RSI: Neutral zone at 55.90, indicating room to the upside before overbought levels. ⏱ 15-Minute Chart • Trend: Pullback followed by a strong bullish continuation. Price is making higher highs and higher lows. • MACD: Strong bullish crossover; histogram expanding upward. • RSI: 62.34 — not yet overbought, signaling continuation potential. ⏱ 3-Minute Chart • Price Action: Bullish structure holding above short-term moving average. • MACD: Bullish crossover in early stages with histogram turning positive. • RSI: 66.22 — nearing overbought but not signaling immediate reversal. ⸻ 🌐 Fundamental Context • Gold is supported by: • Persisting inflation concerns. • Geopolitical risk premium. • Expectations of rate cuts by the Fed in the coming quarters. There are no immediate bearish catalysts. The macro backdrop favors gold strength, especially as the USD shows some weakness. ⸻ 🎯 Trade Setup: Long XAU/USD • Entry (Buy): 3320.00 • Slight pullback toward previous resistance-turned-support and short-term MA confluence. • Stop Loss (SL): 3295.00 • Below recent intraday swing low and support zone; protects against false breakout. • Take Profit (TP): 3370.00 • Previous high extension zone, aligning with momentum continuation projection. FUSIONMARKETS:XAUUSD
FUSIONMARKETS:XAUUSDLong
by KeN-WeNzEl
Gold's high-keeping is the key, breaking the low is the focus 💡Message Strategy From a fundamental perspective, waning optimism about a possible ceasefire in the Russia-Ukraine conflict, continued U.S.-China trade tensions, and concerns about the U.S. fiscal situation remain the core factors dominating the market this week. These pressures have kept the U.S. dollar weak, thereby supporting the rise in gold prices. The dollar index turned positive and returned above 99.70, not far from a two-week low. The renewed strength of the dollar makes gold more expensive for holders of non-dollar currencies. The international gold price once hit a two-week high. But it is now turning down and waiting for further clues. Investors are paying attention to the upcoming preliminary value of the US S&P Global Purchasing Managers Index (PMI) to find out the future direction of gold prices. 📊Technical aspects This wave rose from the lower track of the channel at $3120, and reached around $3340 today, which is about $225. From mid-April to now, the price has continued to sweep around the existing large range, going back and forth repeatedly. The first resistance of the upper channel is 3500, the second resistance is 3435 The first support of the lower channel is 3280, the second support is 3260, the third support is 3200, and the fourth support is 3120 The high point keeps moving down, the low point keeps refreshing, and the space range is about 200-300 US dollars And as time goes by, it has now come to the upper rail area of ​​the channel, so we must consider a question, whether to re-determine the resistance, and then fall under pressure to find the lower rail of the channel? If so, breaking the defense line and the channel line is the key and premise, entering the rhythm of keeping high and breaking low, the current two resistance points: one is 3340-3345, the position of the small channel, the price is in a high-level adjustment state, the upper rail of the channel is 3340-3345, and the lower rail is 3310-3305 The second is that 3365-3370 belongs to the trend line pressure line position formed by the high point 3500-3435. If it is lost here, the next resistance to find is the 3410-3420 area Therefore, the first focus here is to pay attention to the interval of the small channel 3345-3305 area. After the price breaks through, pay attention to the continuity, and then continue to switch space Today's second focus is the historical cycle. The recent market characteristics are: large space, strong turning point, and obvious acceleration. In the past two weeks, the market fell sharply by 125 US dollars (May 8) after hitting the high point, and rose sharply by 120 US dollars (May 15) after hitting the bottom. This is just the result. In addition, the process is tortuous and repeated, the space is larger and the acceleration is also obvious. So, for today's gold, whether the final result is also a large K-line of more than 120 US dollars, we need to pay attention to breakthroughs and continuity. Combined with the above description, for the next gold, we first consider that the price comes to the upper track area of ​​the channel swept by the large range, and we are ready to determine the turning point of resistance at any time. At the same time, the time has come to Thursday, the time with the greatest variables. If it is determined to start the falling mode, then the later space will be greater. The current focus is to break the 3300-3350 range and then switch to the next $50 space So these two key points: keeping high is the key, breaking low is the key Next, the best way is to continue to go short under the defensive suppression of the 3330 area, looking for 3300-3315, and then continue to look for 3290 if it falls below, and then 3270. Once the price returns to above 3330, it will return to the 3300-3350 channel to sweep 💰 Strategy Package Long Position: 3315-3320 Short Position：3330-3340
OANDA:XAUUSD
by TheodoreSilas
1
The gold trend takes a sharp turn, is a bear market coming?🗞News side: 1. PMI and initial jobless claims data 2. Geopolitical situation 3. Progress of the G7 meeting 📈Technical aspects: During the Asian session, gold prices approached a two-week high. However, as the market digests the previous positive news and European and American economic data are about to be released intensively, gold's short-term trend faces uncertainty. The key data that everyone needs to pay attention to today include the May PMI data and the number of initial jobless claims in the United States. At the same time, the international trade situation, geopolitical dynamics, the progress of the G7 meeting and the speeches of Federal Reserve officials may have an impact on the market, so it is recommended that everyone keep a close eye on the impact of the news. Judging from the 4H market trend, the US market is paying attention to the short-term support around 3280-3275. Once it stabilizes above 3280, you can arrange to go long. On the contrary, once it falls below 3280-3275, it is possible to fall to the important support area of 3260-3250. 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 TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
Gold bulls push prices to around 3355 📌 Driving events Gold prices rose more than 0.50% and held above the $3,300 mark, driven by renewed safe-haven demand and rising geopolitical tensions in the Middle East. As of writing, gold/USD is trading around $3,317, rebounding from an intraday low of $3,285. Market sentiment remains fragile, with US stocks falling into negative territory and US Treasury yields slightly higher. All eyes are on the upcoming vote on President Trump's tax reform plan. According to estimates by the Congressional Budget Office (CBO), the plan could lead to an approximately $3.8 trillion expansion of the US national debt. Uncertainty about the fiscal outlook continues to stimulate demand for gold as a defensive asset. 📊Comment Analysis Gold price recovery is good, pay attention to the 3358 price area, adjust downward, and continue to accumulate funds around 3300 💰Strategy Package 🔥Sell gold area: 3358-3360 SL 3365 TP1: $3350 TP2: $3337 TP3: $3322 🔥Buy gold area: $3284-$3276 SL $3270 TP1: $3300 TP2: $3320 TP3: $3340 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDLong
by Labaron
1
Seize the opportunity in the gold marketGold fell after reaching a high point during the day, reaching a high of 3345 before going out of the big drop space, and the evening star appeared in the 4H cycle. Combined with the correction of the top divergence of the indicator, the short-term will enter the adjustment stage. Pay attention to the middle track support around 3280-75 in the future market. If it does not break, you can consider going long. Pay attention to the upper pressure of 3320 and 3335. Keep the idea of ​​shock in operation! Operation suggestion: Go long on gold around 3280-3275, and look at 3300 and 3320. Go short if the rebound pressure of 3320 is not broken.
OANDA:XAUUSDLong
by TP_Daniel5
Gold is going down? Is the trend going to change?The previous rally continued in the early Asian session on Thursday, reaching a high of around 3345. However, it then began to fall rapidly. So far, gold has fallen below the 3300 mark again, with the lowest point reaching around 3280. From the daily chart: Gold is currently at 3280, which is the moving average support position. If it falls below 3280, the market will test 3250-3260 below. This position is not only the current daily moving average support position, but also an important barrier position in the past. This is an important suppression position for the upward trend of gold this time. Similarly, if it wants to fall, 3250-60 is also an important support position. Secondly, let's look at the 4-hour chart: If it really falls below the bottom of the range at 3280, then as I said above, it will test 3250-3260. However, if it fails to break the support near 3280, it is very likely to maintain consolidation in the 4-hour range. And from the range point of view, the fluctuation range is very large. It is basically maintained in the range of 3320-3280, which is about 40 US dollars. I suggest that we should still pay attention to whether the support here at 3280 can stabilize. If it can stabilize at this position, and there is a bottom signal at 3280, then you can go long near 3280. Sell high and buy low according to the range of 3280-3320. On the contrary, if it falls below the support of 3280, don’t go long. It is very likely to directly test the support position of 3250-60 later.
OANDA:XAUUSD
by Quaid-1
1
Trendline Liquidity, FVG Zones, and Potential Bullish Momentum!Gold Market Analysis – Trendline Liquidity, FVG Zones, and Potential Bullish Momentum In a recent market phase, gold exhibited a clear trendline formation that captured notable liquidity. As highlighted on the attached chart, this liquidity was strategically built up during previous consolidation phases. Currently, the price action has shown a distinct rejection from a bearish Fair Value Gap (FVG) located in the upper region, while simultaneously sweeping the liquidity aligned with the previously established trendline. Interestingly, the market has since rebounded after making contact with a bullish Fair Value Gap identified on the daily timeframe. This rebound suggests a potential shift in sentiment from bearish to bullish, warranting close observation. At present, gold is approaching another zone marked in blue on the chart. While this area also represents a bearish Fair Value Gap, it is derived from a lower time frame and may serve as a short-term resistance or a confirmation zone depending on how price behaves here. Should the market successfully breach this blue FVG zone to the upside, it could open the door for continued bullish momentum, potentially driving prices toward the 3345 level or even higher. This level is critical and should be monitored closely, as price behavior here may provide further confirmation of the prevailing trend. As always, conduct your own research (DYOR) before making any trading decisions. This analysis is for informational purposes only and does not constitute financial advice.
OANDA:XAUUSDLong
by Peter_Wade
Intraday volatility,there is still chance to go long on pullback🗞News side: 1. The situation in Israel escalates 2. Initial jobless claims data 📈Technical aspects: Influenced by recent news, gold showed a volatile rebound trend. Gold continued to rise in the early Asian session, r OANDA:XAUUSD eaching a high of around 3345. The 3290-3300 level below has absolute support in the short term. As long as it does not fall below 3290, you can go long at 3290-3300. In the 4H cycle, the Bollinger opening and the moving average diverge upwards. The upward momentum is sufficient, and it is not easy to guess the top. Pay attention to the 3310-3300 line of support below, and pay attention to the suppression of the 3340-3350 area above. If the gold price stabilizes at 3350, it is expected to further explore the resistance of 3360-3370. If the European session falls into volatility, maintain the range of high selling and low buying, and consider going long when it retreats to the support level of 3320-3310. 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. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell
A new round of gold price rise is coming? 💡Message Strategy Economic data to watch 12:00, Lane, an official from the European Central Bank (ECB), will speak 12:00, Barkin, an official from the Federal Reserve (Fed), will speak 📊Technical aspects Upward resistance: Short-term resistance is close to $3,320, which is the 61.8% Fibonacci retracement level of the downward trend from the high of $3,440 to the low of $3,120; the next major resistance is near $3,350. If it is clearly broken through, it may open up more upside space. The subsequent resistance may point to $3,380. After breaking through, the price may climb to the milestone level of $3,400. Downward support: Initial support is close to $3,265, the first key support is near $3,220, the next major support is $3,200, and the core support is $3,220. If it falls below the $3,220 support, it may trigger further declines, and the next major support is $3,150. Combined with the current trend of gold, from the hourly chart, gold has shown a downward retracement channel, and the upper resistance of around $20 has been repeatedly tested and has not been broken. It is not recommended to chase the rise at present. Combined with the analysis of the downward four channels, the current mainstream trend of gold retreating to a high level and then shorting is 💰 Strategy Package Short Position：3315-3320，3340-3350
OANDA:XAUUSDShort
by TheodoreSilas
1
GOLD Technical Analysis - Correction Incoming?Quick summary on XAUUSD, it really resembles my previous analysis on XAUUSD. Gold has been volatile and needs to be closely monitored. According to our earlier analysis, gold is trading within a clearly defined ascending channel, with the current action now testing the upper boundary. This level may act as dynamic resistance, and a rejection here could trigger a corrective move toward the 3,300 support area. If buyers defend this support, the bullish structure remains intact, with potential to move back to higher levels. However, if the price breaks below this zone, a deeper pullback toward the lower boundary of the channel may occur. Monitoring candlestick patterns and volume at this critical zone is essential to identify buying opportunities. Risk should be properly managed. Always confirm your setups and trade with solid risk control. If you have any thoughts on this setup or additional insights, drop them in the comments!
OANDA:XAUUSDShort
by LucasMgoldview
5
XAUUSD✅ Second Trade of the Day – XAUUSD The second trade of the day comes from Gold (XAUUSD). Just like BTC, gold has shown strong bullish momentum in recent days. I’m looking to take advantage of this minor pullback within the broader uptrend — a classic continuation setup on the 15-minute chart. 🔍 Trade Details: ✔️ Timeframe: 15-Minute ✔️ Risk-to-Reward Ratio: 1:2 ✔️ Trade Direction: Buy ✔️ Entry Price: 3330.72 ✔️ Take Profit: 3341.37 ✔️ Stop Loss: 3325.42 🔔 Disclaimer: This is not financial advice. I'm simply sharing a trade I'm personally taking based on my own system, strictly for educational and illustrative purposes. 📌 If you're interested in a more systematic and data-driven trading approach: 💡 Follow the page and enable notifications to stay updated on future trade setups and advanced market insights.
FX:XAUUSDLong
by Nurlan_PT
1
Gold Short Setup: Selling Into Strength at Key Supply ZoneI’m eyeing a high-probability setup on XAUUSD (Gold) based on clean price action and structure on the daily timeframe. After a strong bullish push from the recent lows around 3,120, price has formed a clear bullish engulfing structure, breaking short-term resistance levels. The market has now entered a key supply zone (highlighted in grey), where previous price action saw sharp rejections. I’ve placed my sell limit just below 3,350, targeting a return toward the 3,120 zone, where strong demand previously stepped in. My stop-loss is placed above the recent swing high, giving this trade a favorable risk-to-reward ratio. This trade idea is built on the expectation of a short-term correction or rejection from this supply area, aligning with market structure and historical reaction zones. I’ll be monitoring price closely for any signs of weakness like bearish candlestick confirmations within the zone.
OANDA:XAUUSDShort
by AahmedD_98
XAUUSD Weekly Analysis & Trade Signal — May 18, 2025Technical Overview: Price is currently trading around the $3,204 level, right below a key resistance zone of $3,245–$3,255, which aligns with the midline of the descending parallel channel. This zone has historically acted as a strong resistance. If price retests and rejects this level again, we can expect a significant bearish move. However, a clean breakout above $3,255 followed by a successful retest and hold would shift the bias to bullish, potentially targeting the upper boundary of the channel near $3,360. The weekly candle closed below $3,240 with strong bearish momentum (notable red volume), signaling a potential continuation of the downtrend next week. Trading Plan for Next Week: 🟥 Bearish Bias (Preferred Scenario) Entry: If price retests $3,245–$3,255 zone and shows strong rejection (e.g. bearish engulfing or wick rejections). Target 1: $3,200 Target 2: $3,145 Target 3: $3,100 Stop Loss: Above $3,270 🟩 Bullish Scenario (Breakout Confirmation) Entry: If price breaks and holds above $3,255, and confirms with a bullish retest. Target 1: $3,300 Target 2: $3,345 (channel top) Stop Loss: Below $3,230 Summary: Your preferred bias should remain bearish unless price clearly breaks and holds above the $3,255 resistance zone. Trade based on confirmation, not anticipation. Kindly show support, like and comment.
OANDA:XAUUSD
by QuinnReed_Charts
The unilateral offensive is fierce: the bulls have clear goalsGold is performing strongly sideways. We are in the same rhythm as yesterday and continue to maintain bullishness. Gold broke through the key resistance of 3280 on Tuesday and then rose strongly. It is currently above the area near 3330. The technical side shows that the bullish trend continues. The next target may point to the high of 3400. After rising continuously on Monday and Tuesday, it slightly adjusted back to around 3285 on Wednesday and stabilized before rising again. The daily line closed positive and stood firmly on the middle track. The Bollinger band opened upward, and the upper track pressure was at 3400, suggesting that the medium-term upward space is open. The Bollinger band opened significantly, the moving average was arranged in a bullish pattern, and the upward momentum was strong. Short-term support focuses on the moving average at 3315. If the correction does not break this position, the trend long order can follow up. If the key resistance of 3350 is effectively broken, it will further open up the upward space. Gold operation suggestions: continue to go long after stepping back to 3320-3315, with a target of 3350. If it rises to around 3350 without breaking, you can arrange short-term short orders, with a target of 3330.
OANDA:XAUUSDLong
by TP_Daniel5
Gold consolidates. Changing trend?Asian market: Gold continues to rise, and the current highest is near the high of $3345. The next trend is very critical, let's look at it from the 4-hour chart. It can be seen that there is absolute suppression at $3340. It is just near the top of the trend line, and it is difficult to break through directly. Therefore, it will definitely be maintained near $3340 for consolidation in the future. In addition, from the 1-hour chart: I think the most critical bottom support position today is $3315. As long as gold is above this point, it will be in a consolidation and rise, or it will be maintained at $3315-3340 for consolidation. The position above that needs to be paid attention to is near $3350. Once it breaks through $3340 and stabilizes above $3350, gold may rise further to test $3360-3370. However, if gold falls below $3315, it may trigger a sharp decline. Operation strategy: I suggest you focus on the fluctuation range of 3315-3340 USD and buy low and sell high. However, it should be noted that once the upper or lower range is broken, you should be alert to the possible trend change.
OANDA:XAUUSD
by Quaid-1
1
Is the gold price far from 3,400?Information summary: The trade war is a continuous war, and it has just begun. During Trump's four years in office, trade conflicts will continue to occur. Trade conflicts are means, not ends. The goal of the United States is to transfuse blood to its own economy through trade negotiations. In addition, US inflation fell to a historic low of 2.3% in April. The Federal Reserve has not cut interest rates on the grounds that inflation will rebound. The Federal Reserve can't hold on for long. Cutting interest rates is the only antidote to boost the economy, and it is also a special medicine. Next, once the Federal Reserve releases the wind of interest rate cuts, the market's risk aversion will be ignited again. In June, 6 trillion US bonds will mature. Regardless of the result this time, market sentiment will be worried, which is the key to driving price fluctuations. Market analysis: The 1-hour gold price broke through yesterday's high of $3,320. The previous pressure formed a new top-bottom conversion position, and the strong market was only a small correction in the middle. There is no need to worry about whether it will peak, but there must be a standard for judging the peak; this standard is: breaking the support position before the last decline, and the second rebound does not set a new high. Operation strategy: Go long when the price falls back to around $3,330, stop loss at $3,320, and profit range at $3,365-3,380.
OANDA:XAUUSDLong
by Quaid-1
XAUUSD Break & Retest | Buy-Side Continuation SetupGold (XAUUSD) has made a solid bullish comeback after bouncing off the demand zone at 3,317–3,319, where we saw a surge in buying interest following a quick liquidity sweep. This bounce not only confirms the demand but also lays the groundwork for a potential continuation of the upward trend. Right now, the price action is breaking through some minor intraday structures, shifting the market sentiment back in favor of buyers. The move above 3,320 shows a clear bullish intent, aiming for the supply zone overhead around 3,325–3,328. This area represents the last major distribution before the previous sell-off, making it a key short-term resistance point. From a structural perspective, this setup follows a classic demand-hold and supply-target strategy, backed by intraday momentum and a trendline breakout. As long as the price stays above 3,317, the bullish outlook remains intact. The target area stretches toward 3,328 and 3,331, where we might see some profit-taking or new selling. If those levels are surpassed, we could see further gains into the 3,335–3,340 range. 🔍 Key Confluences: Strong rejection from the previous support zone Clear bullish structure (Higher Highs & Higher Lows on the 5-minute timeframe) Momentum aligned with the Asia–London session overlap Price trading above key EMAs (optional, if included) 🎯 Trade Plan Overview: Entry: Breakout or retest at 3,319–3,320 Stop Loss: Below 3,317 (this would invalidate the demand) Take Profit 1: 3,328 Take Profit 2: 3,331 Final Target (optional): 3,335+ (if the breakout continues) 📣 Bias: Bullish — until demand is broken with strong volume.
OANDA:XAUUSDLong
by TradesThug