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Gold Approaches Key Resistance – Minor Pullback Possible📊 Market Overview: Gold prices continue their upward momentum and have now reached $3,367/oz, as markets await the upcoming U.S. Nonfarm Payrolls (NFP) report later this week. The U.S. dollar is slightly weaker and Treasury yields are stable, helping gold maintain its strength. However, mixed forecasts from major financial institutions are creating psychological pressure on investors. 📉 Technical Analysis: • Key Resistance: $3,390 – $3,440 • Nearest Support: $3,330 – $3,300 • EMA: Price remains above both EMA 50 and EMA 9 → indicating a sustained uptrend. • RSI (H4): Near 66 → not overbought yet, but limited room for further upside. • Candle pattern: Recent H1 candles show long upper wicks → signaling profit-taking at higher levels. 📌 Outlook: Gold may face a minor short-term correction if it fails to break above the $3,390 resistance area, especially as the upcoming U.S. jobs report could potentially strengthen the U.S. dollar. 💡 Suggested Trading Strategy: SELL XAU/USD at: $3,375 – $3,390 🎯 TP: $3,355 ❌ SL: $3,405 BUY XAU/USD at: $3,345 – $3,330 🎯 TP: $3,365 ❌ SL: $3,315
OANDA:XAUUSDShort
by Mian-FXSignals
XAU/USD) Breakout strong bullish trend Read The captionSMC Trading point update Technical analysis chart of gold (XAUUSD) on the 4-hour timeframe. Here’s a breakdown of the key ideas presented in the chart: --- Key Support/Resistance Zone A yellow rectangular zone marks a significant support/resistance level. This level was previously a resistance and has now been flipped into support ("new support level"). --- Trend Analysis Uptrend line (lower diagonal line): Shows support and higher lows forming a bullish structure. Downtrend lines (upper diagonals): Show past resistance levels being tested. Strong downtrend line has now been broken, which is bullish. --- Target Points Three bullish targets are marked: 1. $3,436.70 2. $3,500.93 3. $3,647.33 These targets seem to be based on: Breakout above the resistance zone. Measured move projections from previous impulsive rallies. --- Technical Indicators 200 EMA (Exponential Moving Average): Currently at $3,261.87, acting as dynamic support. RSI (Relative Strength Index): Current RSI is 54.80, indicating neutral momentum. Previously touched overbought zone (~69), indicating strong recent bullish momentum. --- Arrows Green arrows mark strong bullish bounce points. Red arrow marks a rejection from the downtrend line (previous resistance). Mr SMC Trading point --- Conclusion (Idea Summary) Price has broken out of consolidation and downtrend resistance. If the price holds above the yellow support zone and 200 EMA, a bullish continuation is likely. Targets: $3,436 → $3,501 → $3,647. Confirmation of breakout and momentum depends on volume and RSI behavior in coming candles. --- pelas support boost 🚀 analysis follow)
CAPITALCOM:GOLDLong
by SMC-Trading-Point
15
Gold points to 3400, madness before data release.Market analysis: Gold fell slightly to around 3361 in early trading on Wednesday. After falling to around 3346, it quickly rose to around 3372, then was blocked and fluctuated and fell. It fell to 3344 in the European session and then rebounded. It rose strongly to 3384 in the US session and fluctuated above 3370 in the late trading. The daily line of gold showed a trend of alternating yin and yang. But the overall trend was upward. The 5-day moving average and the 10-day moving average formed a golden cross and extended upward, which provided moving average support for the gold price, allowing gold to maintain a strong and volatile trend. At present, the 5-day moving average is around 3352, and the 10-day moving average is around 3335. The first thing to pay attention to is the resistance of Tuesday's high of 3392. If the gold price can break through this resistance level, it is expected to continue the bullish trend. In terms of points, first pay attention to the support near MA5/MAA10 below, and focus on the support of MA20 moving average. The downward exploration on Tuesday and Wednesday both defended the MA20 moving average position. Above this, it is treated as a strong shock. Secondly, pay attention to the support near 3335, which is the low point on Tuesday and the key to the short-term structure. Secondly, pay attention to the support near 3335, which is the low point on Tuesday and the key to the short-term structure. First pay attention to the resistance near 3395 above, and then pay attention to the resistance near 3415 and 3430, which are the previous high points. Operation strategy: Short near 3395, stop loss 3410, profit range 3380-3360 Long near 3360, stop loss 3350, profit range 3375-3380-3390-3400.
OANDA:XAUUSD
by Quaid-1
XAU/USD) Technical analysis Read The captionSMC trading point update Technical analysis of Gold (XAUUSD) on the 1-hour timeframe. Here's a breakdown of the key ideas in the analysis: --- Chart Elements: Support Level (Yellow Zone at ~3,340–3,350): This area has been highlighted as a key support zone where price has bounced previously. Price is currently hovering just above this level. Downtrend Line: A descending trendline is drawn, indicating a short-term bearish trend. A breakout above this line could trigger bullish momentum. Two Scenarios Outlined: Bullish Scenario: If price breaks the downtrend and holds above support, it may rally towards the upper target point at 3,419.68. Bearish Scenario: If price breaks below the support, the next target point is marked lower around 3,300.62, a previous consolidation area and close to the 200 EMA (blue line). 200 EMA (~3,324.72): Acts as dynamic support. If price moves below it, bearish sentiment may increase. RSI (Relative Strength Index): RSI is neutral (~50.54), not showing overbought or oversold signals, leaving room for movement in either direction. --- Key Takeaways: Neutral-Biased Setup: The price is consolidating between a clear support level and downtrend resistance. Confirmation Needed: A breakout from either direction is necessary to confirm the next move. Bullish Breakout: May lead to a retest of highs at 3,419.68. Bearish Breakdown: Could push the price toward 3,300.62, aligned with past support and the 200 EMA. Mr SMC Trading point --- Trading Ideas (based on this analysis): Long Entry: On breakout above the downtrend line + confirmation above 3,360. Short Entry: On breakdown below 3,340 with strong volume. Stop-Loss: Just outside the consolidation zone depending on trade direction. Risk Management: Be cautious around economic news (calendar icons shown suggest upcoming events). Please support boost this analysis )
FX:XAUUSD
by SMC-Trading-Point
5
Ascending triangle on gold: $3,280 or $3,560 next? Gold has climbed following softer-than-expected US economic data, which has strengthened speculation for at least two Federal Reserve rate cuts this year. ADP employment figures showed just 37K new jobs, well below the 111K forecast. President Donald Trump, posting on Truth Social, called on “too slow” Fed Chair Jerome Powell to cut rates immediately. The repeated tests of the $3,400 level suggest that selling pressure at this zone could be weakening. Lower interest rates tend to support gold prices, as the metal offers no yield. However, a daily close below the recent swing low of $3,280 would undermine the pattern.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD BULLISH SETUP. GOLD GOES 'PREPARING FOR SUMMER'Gold spot prices have experienced significant volatility and notable technical developments over the past several months. Since the start of 2025, gold surged by over 25%, reaching an all-time high of $3,500 per troy ounce in April before retracing to hover near $3,300 by late May. This rally was fueled by persistent geopolitical tensions, particularly in the Middle East, and a weaker US dollar, which made gold more attractive to international buyers. Technically, gold entered a parabolic upswing earlier in the year, becoming extremely overbought before breaking below its parabolic trend, signaling a potential top and the start of a corrective phase. The Relative Strength Index (RSI) has recently dropped below 52, its lowest since February, reflecting weakening bullish momentum. The Average Directional Index (ADX) near 15 also indicates a lack of strong trend direction. Key support levels are identified at $3,196 (55-day SMA), $3,120 (May low), and $3,031 (100-day SMA), while resistance sits at $3,350. We are looking forward to further Gold accumulation, ahead of scorching hot summer months. -- Best wishes, @PandorraResearch Team 😎
OANDA:XAUUSD
by PandorraResearch
XAU/USD(20250604) Today's AnalysisMarket news: Fed Logan: We should focus on achieving the 2% inflation target, rather than trying to make up for past inflation shortfalls; Bostic: We still think there may be a rate cut this year. Technical analysis: Today's buying and selling boundaries: 3359 Support and resistance levels 3417 3395 3381 3337 3322 3301 Trading strategy: If the price breaks through 3359, consider buying, the first target price is 3381 If the price breaks through 3337, consider selling, the first target price is 3322
OANDA:XAUUSDLong
by NuggetsWarriors
Gold should beware of unexpected employment data explosion!Market New s On Wednesday (June 4) in the Asian market, spot gold fluctuated slightly and is currently trading around $3,346 per ounce. The international gold price fell 0.83% on Tuesday, after hitting a high of $3,392 since May 8. The price decline was mainly suppressed by the rebound of the US dollar exchange rate. At the same time, the tense international trade situation, the weakness of the US labor market and the cautious attitude of the Federal Reserve have cast a fog of uncertainty over the gold market.However, the market remains vigilant about the global situation. The continued expansion of the US fiscal deficit, the escalation of trade tensions between Asian powers and the United States, and the failure of the second round of peace talks between Ukraine and Russia have led to market risk aversion still supporting London gold prices. The Fed's wait-and-see attitude and cautious assessment of inflation expectations have further increased market uncertainty. Pay close attention to Friday's non-farm payrolls data and the Fed's policy guidance to determine the next wave of gold price movements. In addition, this trading day pays attention to the US ADP employment data in May and the US ISM non-manufacturing PMI data in May, as well as news related to the international trade situation. News related to the geopolitical situation also needs to be paid attention to. Technical Review Gold rose strongly overnight because Ukraine directly blew up 41 Russian fighter jets. Today, the expected rhythm was completed and the bottom rebounded. In the four-hour chart, the hourly chart price still maintains the upper track of the Bollinger Band channel, and the daily chart MA10-day moving average 3326 and the 5-day moving average 3340 are running above. In the wide range of market fluctuations, short-term participation is the main. Intraday callbacks are still mainly low-price buying. In terms of the moving average system, the short-term moving average diverges upward, providing certain support for the price, but the deviation rate from the long-term moving average has a trend of shrinking, so beware of price corrections. At the 4-hour level, the 5-day moving average crosses the 10-day moving average to run. If the hourly price can effectively break through the upper edge of the recent fluctuation range of 3400, it is expected to usher in a wave of rising prices in the short term; on the contrary, if it falls below the lower edge of 3300, it may further explore. Today’s analysis Gold rebounded in the Asian session and then rushed up directly, and the center of gravity of the rebound low point is also constantly moving up. At present, from the one-hour market, the short-term gold price has stabilized above the top and bottom conversion position of 3340, and it also remains above the upward trend line. Buying is strong. For the future trend, we still have a buying mindset! Gold price rebounded to the lowest level of 3346 in the Asian session, and the buying energy is relatively strong, but I still suggest that you don’t chase orders. There is no good thing in the Asian session. Chasing the rise is easy to be trapped at a high point. We only need to pay attention to two points in the Asian session, which are the key position of 3330 and the short-term support level of 3346. If there is a rebound to 3350 during the session, start ambush buying! Operation ideas: Short-term gold 3350-3360 long, stop loss 3330, target 3370-3400; Short-term gold 3370-3380 short, stop loss 3350, target 3340-3320; Key points: First support level: 3338, second support level: 3326, third support level: 3303 First resistance level: 3370, second resistance level: 3386, third resistance level: 3396
OANDA:XAUUSDLong
by NuggetsWarriors
1
Gold fluctuates. It is expected to retreat.Gold continued its strong performance on Monday in the early trading yesterday and reached a high of around 3391 before starting to fall all the way. It was weak and downward in the European trading. The US trading quickly fell back to around 3335 and then rose again. However, it touched the 3372 line again in the morning and continued to fall, forming a large range of fluctuations. Affected by the ADP data, although the positive impact is large, it is very likely to be just an illusion given to the market, not to achieve a strong effect. The key pressure position above is maintained at around 3360, which may play the role of a watershed between long and short positions, and the strong pressure above will also be maintained at 3365; the support position below is around 3340. Once this position is broken, the room for decline may be expanded in the later period. Although the MA5-day and 10-day moving averages have the intention of forming a golden cross, they have not completely released the energy of the bulls, making the market more unpredictable for the bears. In the correction of the bulls' strong upward movement, there was no further effort. Perhaps this is one of the signs of bull exhaustion. The current channel position formed from 3391 also gives the bulls enough pressure. Only by breaking through this position again can a strong upward trend be achieved. Operation strategy: Short near 3360, stop loss 3370, profit range 3345-3330.
OANDA:XAUUSD
by Quaid-1
Gold fluctuates, with downward support at 3325 📌 Driving events The number of ADP jobs in the United States in May was 37,000, expected to be 110,000, and the previous value was 62,000. 📊Comment analysis Views on the trend of gold in the US market! After a day of swinging, gold is still fluctuating between 3372 and 3340. After opening high and closing low on Monday, gold has been fluctuating for two days. The ADP data will be released tonight. Whether it can break the trend of the volatile market tonight depends on the release of the ADP data. If it is still the case, we can only wait for the big non-agricultural data on Friday. In the face of this volatile trend, Labaron still recommends maintaining the previous operation strategy. The support below is 3330-25. If it breaks down, we will talk about it. If it still remains above this level, we will still operate with the oscillating trend. After all, in the face of the current trend of neither long nor short continuity, a single direction will only make you lose all your profits. For the current decline, we should first look at the support of 3330-25! ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds
TVC:GOLDLong
by Labaron
AJA'S Gold view... Daily Timeframe Analysis.Gold has been on a correction spree now, with short term buys. On the monthly timeframe, Gold is completely OVERSOLD. From my analysis on the daily timeframe, the bear power is more, we'll keep selling to our poi, which is our order block at 3025-2975. Gold needs to make a huge correction by coming down past the inducement point at 3122 before hitting the order block at that BOS. Then we'll see if the bearish market will continue, or the bull will take power. What do you think about this analysis?
FXOPEN:XAUUSDShort
by JennAJA
2
Gold awaits data storm The international gold market is playing out a wonderful duel between long and short forces. The following data will guide gold to continue to start a new direction, so what should we do? 💡Message Strategy Employment data: complex signals of long and short interweaving The latest US JOLTS employment data for April presents a strange picture of "ice and fire". On the one hand, the number of job vacancies unexpectedly increased by 191,000, far exceeding market expectations. This eye-catching data was called "surprisingly strong performance" by Joseph Capurso, an analyst at the Commonwealth Bank of Australia. But on the other hand, the number of layoffs surged by 196,000, the largest increase in nearly nine months, exposing the potential fragility of the labor market. Trade Cloud: Continuing Fermentation of Geopolitical Risks The current global trade situation is like a sword of Damocles hanging over the market. The White House has signaled that President Trump may hold key talks with the leaders of major Asian countries this week, and this news brings a glimmer of hope to the market. Policy fog: The Fed's cautious dance Market participants are focusing on the key data that will be released one after another. Before the release of the non-farm payrolls report on Friday, the ADP private employment data on Wednesday night will become an important indicator. Analysts generally believe that these data will provide more clues for judging the direction of the Fed's policy, which will in turn affect the investment logic of the gold market. 📊Technical aspects Monday's pull-up seemed to be the start of a new round of bulls, but yesterday there was a sharp retracement again. If we look at it from a unilateral rise, the retracement has been too large, and it has obviously destroyed the rising pattern. If we count the rising point from the low point of 3260 last Thursday to the high point of 3390 in the morning yesterday, the increase has reached more than 140 US dollars, and it is still within the range of weekly and monthly levels. This is why it is not recommended to chase the rise directly. At present, gold cannot form a continuous rise, so 3390 is likely to be the high point of this round of highs, and it will start to fall again, still with weekly level range fluctuations and high-level adjustments. The US dollar stabilized and rebounded. It continued to rebound yesterday. After testing the support near 90 in the morning today, it rose again. In addition, under the expectation that the Federal Reserve will not cut interest rates in June, the US dollar is likely to continue to fall in June, which will create time for gold to adjust. Therefore, gold does not have the conditions for a breakthrough in the short term. Once the US dollar accelerates its rebound, gold still has the possibility of another sharp drop. 💰 Strategy Package Short Position：3365-3370,3375-3380
TVC:GOLDShort
by TheodoreSilas
1
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TVC:GOLDLong
by d-MR96nBa
XAU/USD 04 June 2025 Intraday AnalysisH4 Analysis: -> Swing: Bullish. -> Internal: Bullish. Analysis and bias remains the same as analysis dated 23 April 2025 Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bearish. Analysis and bias remains the same as analysis dated 22 May 2025. In my analysis from 12 May 2025, I noted that price had yet to target the weak internal high, including on the H4 timeframe. This aligns with the ongoing corrective bearish pullback across higher timeframes, so a bearish internal Break of Structure (iBOS) was a likely outcome. As anticipated, price targeted strong internal low, confirming a bearish iBOS. Price has remained within the internal range for an extended period and has yet to target the weak internal low. A contributing factor could be the bullish nature of the H4 timeframe's internal range, which has reacted from a discounted level at 50% of the internal equilibrium (EQ). Intraday Expectation: Technically price to continue bullish, react at either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 3,120.765. Alternative scenario: Price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance and persistent geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold Continues to Rise as USD Weakens📊 Market Overview: Gold prices are rebounding slightly after a pullback from a four-week high. The weakening USD, driven by concerns over US-China trade tensions and upcoming employment data, has bolstered safe-haven demand for gold. 📉 Technical Analysis: • Key Resistance: $3,365 – $3,377 • Nearest Support: $3,320 – $3,290 • EMA 09: Price is above the 09 EMA, indicating a short-term uptrend. • RSI: The RSI on the H4 timeframe is at 64.06, suggesting bullish momentum with room before reaching overbought territory 📌 Outlook: Gold may continue its short-term rise if the USD remains weak and US employment data falls short of expectations. 💡 Suggested Trading Strategy: SELL XAU/USD at: $3,377 o 🎯 TP: $3,357 o ❌ SL: $3,387 BUY XAU/USD at: $3,290 o 🎯 TP: $3,310 o ❌ SL: $3,280
OANDA:XAUUSDLong
by Mian-FXSignals
Asian session main long and auxiliary short operation 📣Gold information There are two main reasons for the rise in international gold prices: First, global trade frictions have intensified. Trump said that he would raise tariffs on steel and aluminum. The EU strongly opposed it and prepared to implement countermeasures. Brazil is also ready to counter, and the market is worried that the United States will resume the "big stick" of tariff policy; second, in terms of geopolitical conflicts, the market is worried that the conflict between Russia and Ukraine will escalate again. Overall, the medium- and long-term rise in gold has not changed, and there is still uncertainty as to whether it can successfully break through the resistance level in the short term. 📊Comment analysis Today, we need to pay attention to the support effect of the moving average. The current 5-day moving average is near 3340, and the 10-day moving average is near 3325. These two positions constitute important support areas for the short-term correction of gold prices. In terms of upper resistance, pay attention to yesterday's high of 3392. If the gold price can break through this resistance level upward, it means that the upward momentum is strong, and it is expected to continue the strong trend and further open up the upward space. In terms of points, pay attention to the support near yesterday's low of 3333 below, and the resistance near 3360 and 3370 above. 💰Strategy Package 🔥Sell Gold Zone: 3365-3370 SL 3375 TP1: $3355 TP2: $3340 TP3: $3325 🔥Buy Gold Zone: $3325-$3330 SL $3320 TP1: $3345 TP2: $3355 TP3: $3365 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds
OANDA:XAUUSDShort
by Labaron
1
Gold-Asian market rises, what is the trend?Event summary: On Wednesday in the Asian market, spot gold fluctuated slightly and is currently trading around $3,370/ounce. There are two reasons for the strong rise in the Asian market: 1. Ukraine directly blew up 41 Russian fighter jets; 2. The tariff storm re-emerged, and Trump is expected to impose a 50% tariff on steel and aluminum. The tense international situation and tariff storm have become important factors that disrupt the market. Market analysis: The four-hour chart shows that the current price is still running above the middle track of the Bollinger Band channel, and the MA10-day moving average and the 5-day moving average are running above 3,340. Due to the wide fluctuations in the market, short-term participation is the main option. Intraday callbacks are still mainly low and long. Gold rebounded directly in the early trading, and the center of gravity of the low point of the rebound is also constantly moving up. From the current market, the short-term gold price has stabilized above the top and bottom conversion position of 3,340, and it also remains above the rising trend line, and the bulls are strong. In the early trading, the gold price fell back to the lowest level of 3346, and it formed a Yang-enclosing-Yin pattern, which means that the bulls' energy is relatively strong. We only need to pay attention to two points in the early trading, namely the key level of 3330 and the short-term support level of 3346. If it falls back to around 3350 during the trading session, we will start to go long. Operation strategy: Short at 3375, stop loss at 3385, target 3340-3320; Long at 3345, stop loss at 3333, target 3370-3400;
OANDA:XAUUSD
by Quaid-1
Long orders have made profits, gold layout in the evening📰 Impact of news: 1. Economist: The Federal Reserve may cut interest rates sharply in December 2. Lee Jae-myung, candidate of the Democratic Party of Korea, was elected president of South Korea 📈 Market analysis: Currently, the gold price is in a consolidation pattern, showing an overall volatile pattern during the day. The hourly Bollinger Bands are opening downward, and the MACD indicator is running in a dead cross. In the short term, the bears have a certain advantage. However, observing the 4H level, it can be found that the RSI indicator crosses when entering the overbought area, suggesting that the risk of a correction in the short term has increased. For evening operations, it is recommended to wait for the gold price to stabilize before entering the market, focusing on the important support of 3335-3325. If it obtains effective support and stabilizes in this range, the gold price may resume its upward trend. If it falls below 3325, the bullish momentum will be weakened. Therefore, it is recommended to wait for a pullback to 3335-3325 to go long in the US market, and look to 3350-3370 in the short term. 🏅 Trading strategies: BUY 3335-3325 TP 3350-3370-3400 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. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
The latest trend analysis and operation layout of Europeanmarket📰 Impact of news: 1. Speech by the Federal Reserve during the US trading session 2. Geopolitical and tariff issues 📈 Market analysis: Recently, the escalation of the Russia-Ukraine conflict and global trade tensions has pushed international gold prices to rise strongly. Although Russia and Ukraine reached a consensus on prisoner exchange in the second round of negotiations on Monday, the ceasefire agreement remained deadlocked. Coupled with the US announcement of additional steel tariffs, geopolitical risks and economic uncertainties stimulated risk aversion sentiment. From a technical perspective, the upward trend of gold since 3120 is clear. After breaking through 3340 on Monday, it accelerated to test the 61.8% Fibonacci resistance level of 3396, but the pressure at the 3400 integer mark is significant. At the same time, 3330 below is still the current key support level. The current decline in gold prices is more like a technical correction to yesterday's rise. Yesterday, we reminded everyone to pay attention to the 3355 level. The intraday operation suggestion for the European session is 3355-3345. You can try to go long and look at the 3370-3380 line. If it breaks through effectively, it will test the 3396 or even 3400 line; if it fails to break through the upper resistance, it will fall into a range of fluctuations. 🏅 Trading strategies: BUY 3355-3345 TP 3370-3380-3390 SELL 3370-3380 TP 3350-3340-3330 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 FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2
Gold prices have fallen back, so it's time to take action.I reminded all traders in the morning to be alert to the risk of gold falling back today. Now it has successfully reached the point I predicted in the morning; it's time to adopt a long strategy. From the daily chart of gold: The current price has fallen back to around 3335, which happens to be the support position of the daily trend line. This is why we are bearish on gold. As long as the US stock market closes above 3335, gold will still be in a long trend. On the contrary, if it falls below the closing line of 3335 today, it will break the trend line, and the subsequent market may be more complicated. Therefore, the current operation can adopt a long strategy. Long positions are entered near the support level. If gold once again stabilizes above 3,400, then there is a possibility that it will reach a new high. Operation strategy: Enter the market at the current price, stop loss 3330, profit range 3350-3365.
OANDA:XAUUSDLong
by Quaid-1
1
Xau re-entry/ retracement 🟡 Why Gold Has Been Buying: Fundamentals: Possible rate cut expectations from the Fed. Geopolitical tensions or inflation concerns. Weakening USD momentum. Technical Confirmation (if we checked the chart): Break above key resistance or consolidation zones. Higher lows forming on the 4H and daily charts. Volume supporting the breakout. Let me break it down: 🔍 Technical Analysis Breakdown 1. Breakout Confirmation You correctly identified a descending triangle breakout above the black trendline. Price has pulled back to retest the breakout zone — this is classic market structure behavior (break–retest–continue). 2. Elliott Wave or Structure Flow Your marked path shows a pullback (possibly wave 2) before continuation — smart projection. That "V" pattern forming right now looks like a bullish continuation setup. 3. Fibonacci and Demand Zone The retest aligns near the 38.2% or 50% retracement — high-probability reversal zones. You also have a strong demand zone (grey box) acting as a support floor. 4. Projection: Targeting 3496–3500 area is reasonable — that’s a psychological + fib confluence zone. If price reacts as expected on the retest, this long setup has great R:R potential. 📅 Key Risk: News Events You have three red folder USD events marked around June 5–6 — likely NFP week or another key data drop. That could cause volatility spikes — wise to expect short-term shakeouts before continuation. ✅ Verdict: You're on the right track — this is a clean bullish setup. If price holds above the broken trendline and doesn’t close below 3320–3300, the probability of hitting your TP around 3500 is solid. 🟡 XAUUSD 4H Analysis – Breakout Retest for Bullish Continuation Gold recently broke out of a long-term descending trendline, showing strong bullish momentum. After the breakout, price is now pulling back to retest the broken structure — a classic "break and retest" setup. I'm expecting a short-term dip into the previous resistance-turned-support zone around 3330–3310, aligning with the 38.2–50% Fibonacci retracement and a key demand area. 🔵 Trade Plan: Looking for bullish confirmation at the retest zone. Targeting the 3496–3500 level (previous high + Fib extension confluence). Bullish structure remains valid as long as price holds above 3300. ⚠️ Fundamental Note: Upcoming high-impact USD news (NFP, etc.) may cause short-term volatility. Patience and tight risk management are key. 📈 Bias: Bullish 🕓 Timeframe: 4H 🔍 Strategy: Breakout → Retest → Continuation
EIGHTCAP:XAUUSDLong
by Sthesh_Don_Billiato