Gold (XAU/USD) - Key Zone Reaction & Possible Scenarios**Gold (XAU/USD) - Key Zone Reaction & Possible Scenarios**
Looking at the chart, we can see that price is currently testing the **30 EG** zone after a strong move up from the **30 EF** zone below. The **original FEZ zone** (far left) was respected, and price reacted accordingly.
### What could happen next?
1️⃣ **Bearish Rejection from 30 EG** → If the price fails to break through the EG zone and shows clear rejection, we could see a short-term pullback or even a deeper retracement.
2️⃣ **Break & Continuation** → If price breaks above the EG zone with strength, it may confirm bullish momentum and push towards the next liquidity area.
3️⃣ **Formation of New EG** → If price consolidates and prints another engulfing structure within this range, we could reconsider labeling this zone accordingly.
### Key Takeaway
Since **EG was not formed on CMP**, this is more likely to be a **CE (Continuation Engulf)** rather than a strong EG. If no significant reaction occurs here, bulls may continue their dominance.
If close below green line, for sure we are Bearish!
What do you think? Do you expect gold to hold this zone or break higher? 🔥📉📈
Goldsell
Shocking GOLD newsSome people burn all their assets in just one month, while others can accurately buy at the bottom and reap multiple profits. In the last issue, those who followed my advice to short at 2915 have already made a profit.
This time, I will give you an accurate analysis. The current gold price is around 2927. It is difficult to break through the pressure level of 2940. Combining technical indicators and trend lines, it is difficult for the gold price to rise in the short term.
If you are more worried about when the gold price will fall? David recommends that all traders short.
SELL:2927
SL:2950
TP:2900
TFEX:GO1! OANDA:XAUUSD
Gold may rebound even more!From the daily chart, gold is still in an upward trend, and the trend has not changed, but the current momentum is gradually weakening, and the upper 2942 is also the previous high position, which is of reference significance from a technical perspective. The market may form a wide range of fluctuations at a high level. From the 4-hour chart, the gold bullish arrangement is still intact, and it can rebound effectively when it touches the middle track of the Bollinger Bands. At present, it encounters resistance at 2942 near the previous high, and there is a potential double top to be played. And due to the excessive stretching of the bulls in the early stage, it often takes a period of adjustment. Therefore, without further news stimulation, it is unlikely that gold will rise fiercely, and you can capture the callback market. This week, pay attention to the competition between the high point 2942 and the neckline 2865. After the second high exploration and then falling back, the 4-hour chart has the possibility of constructing a double top callback. This week, focus on the neckline 2865. The loss of this position will further deepen the adjustment space. Intraday trading is mainly based on callback longs, supplemented by rebound highs!
Operation ideas:
Short-term gold 2883-2885 long, stop loss 2874, target 2910-2920;
Short-term gold 2910-2913 short, stop loss 2922, target 2890-2880;
Key points:
First support level: 2888, second support level: 2880, third support level: 2873
First resistance level: 2910, second resistance level: 2918, third resistance level: 2924
Shocking comprehensive analysis of GOLDDear traders:
The current gold price is $2920.34/ounce, and the short-term support level is in the $2880/ounce-$2850/ounce area. If it falls below $2850/ounce, it may trigger a change in the situation.
The current resistance level is $2940/ounce. After breaking through, there is a great hope to move towards the $3000/ounce mark
Market dynamics:
Global trade tensions still exist, such as US President Trump's threat to impose tariffs on cars on April 2, and the hope of peace talks in the Russian-Ukrainian conflict is still uncertain. The continued geopolitical uncertainty supports the demand for gold as a safe-haven asset.
The market has high expectations for the Fed's interest rate cuts. Traders expect that interest rates may be cut in September or October, which has enhanced the attractiveness of gold, but the hawkish remarks of Fed officials such as Michel, Bowman, Kritosfo, Waller, etc. have limited the rise of gold.
If you agree with my analysis, please continue to pay attention. I will share my views for free later-(David)
If you don't know when to trade, you can continue to pay attention TFEX:GO1! OANDA:XAUUSD
Gold rebound has begun, target 2940Today, the gold market is rising steadily, fluctuating around 2900. In the past few hours, it has started to rise steadily. There has been a rebound and continued upward trend. The support below is around 2880, and the short-term pressure above is around 2910-15. Pay attention to the 2920 line. If it breaks through 2920, it will continue to rise. We continue to hold it. It is not impossible to return to around 2940.
tp1:2920
tp2:2940
Gold Analysis: Bearish Reversal with Key Support Zone at 2,799hello guys!
let review what happened in gold:
Double Top Formation: The chart indicates a double top pattern, which typically suggests a potential reversal in the price movement. This pattern formed at a significant resistance level, as shown by the "internal static level" marked at the top of the chart. A double top is generally seen as a bearish signal, implying the price may fall after this formation completes.
Broken Trendline: The chart also points out a "broken trendline" that previously acted as a support level. Once the price breaks below this trendline, it suggests a weakening bullish trend, with further downside potential. This break could signal the start of a downtrend.
Main Trendline: Despite the break in the previous trendline, the "main trendline" still holds as a support level for the price. This indicates that the market might find support along this trendline and could reverse back to the upside in the near term, or it could form a lower high and continue the downtrend.
what's next?!
Targeted Support Zone: The arrows suggest a potential price target zone between 2,799.150 and 2,800.000, marked as a key support region where the price might find a base. This zone is below the broken trendline and could act as a demand zone, potentially leading to a rebound or price consolidation before further movement.
In conclusion, the chart is signaling potential bearish momentum, with the possibility of the price moving down to the support zone before either consolidating or reversing back upward. The broken trendline and double top suggest that the market might shift to a downward trend, but the main trendline and support levels must be closely watched for confirmation.
Today's gold market analysis and operation suggestionsJudging from the trend of gold today, the price of gold today fluctuates around 2875-2890, mainly fluctuating around 2890. The overall trend is still rising. I suggest buying around 2885-2890. Wait for the right opportunity to sell
Support level: 2876 and 2888,
Pressure: 2900-2905,
Strong pressure level is 2913
Target: 2910-2915
Go short below gold 2905 first!Gold has been rising for a long time, and there has been no major technical retracement in the middle. Last week, the weekly gold line closed with a long upper shadow line, and the daily line rose and fell twice, forming a short-term double top on the daily line. This top will allow gold to enter an adjustment and repair this week. We are not sure whether 2942 is the big top of this wave, but it is certain that gold has encountered a strong pressure zone. The general trend of this week is bullish, and the short-term outlook is shock repair. Finding the rhythm in operation is the most important thing, and follow the range of its repair to make profits. Gold has hit a new high in 40 years. Longs in the big cycle need time and space to determine the big top, and the recent fundamentals are all supporting gold. Today is the US President's Day. We estimate that there will be action in the Asian session, and the US rest action will become smaller in the European session.
We estimate that gold will rise and fall in the Asian session. The sharp drop on Friday caused a big retracement on the daily line. There was a retracement in the morning session today. In the Asian session, we will first focus on the suppression area of 2901-2905. 2905 is the suppression position of the pattern, 2901 is the suppression position of the moving average and the indicator, and the stronger suppression position is 2913. If this position is broken, we will have to think about whether a new bull has risen in gold.
Support 2876 and 2888, suppression position 2901-2905, strong pressure 2913, the watershed of strength and weakness of the market 2888.
Today's gold market analysisDear gold traders, a new week has come. Our latest forecast has been updated. Gold has been on an upward trend since today. Although gold fluctuated greatly last week, the general trend is still upward, so I am still bullish this week. Today's opening price is 2882. We buy around 2880-2900 and sell at 2900-2920 to make a profit. I wish you all good luck
tp: 2910-2920
Gold price starts to adjust down sharply yet, next week?✍️ NOVA hello everyone, Let's comment on gold price next week from 02/17/2025 - 02/21/2025
🔥 World situation:
Gold price dipped below $2,900 on Friday but remains on track for a strong weekly gain of over 0.80% as traders take profits ahead of the weekend. Despite mixed US economic data, the Greenback hit yearly lows, and US Treasury yields tumbled. XAU/USD is currently trading at $2,883, down 1.48% for the day.
US retail sales saw a sharp decline in January, further weakening the dollar. However, gold found support as traders adjusted their positions, benefiting from safe-haven demand. Following the data, investors priced in multiple Fed rate cuts, driving the US 10-year Treasury yield down to 4.472%. Meanwhile, Industrial Production rebounded in January after a weak previous month.
🔥 Identify:
The H4 frame is still in an increasing range, gold prices may soon adjust down more strongly, in the context of waiting for the Trump administration to take actions to impose taxes on other countries in the world.
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2908, $2942, $2957
Support : $2831, $2790, $2722
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAU/USD Gold - Both Side Long 30% / Sell 70% Point of InteresetHi everyone, i try to share some idea, feel free to leave a constructive comment to improve my skills ;)
As the GOLD drop on friday, it could be a simple retracement on the 4h TF but in daily the gold rally does not really retraced on previous level.
I should look at 2867 level (Key point 1) to be deterministic if we break the structure it may go to 2830 (Key point 2) and may bounce to 2900-2923 (Key point 3) to mitigate FVG and start the retracement to the 2700 to end the retracement on the OTE around 2700.
If the break of structure fail on (Key point 1) we may bounce directly to (Key point 3) around 2900-2923 and then retrace to the OTE 2700.
If the price breaks 2927 i will consider a bullish continuation and will find another entry after this break to target 3000.
At this moment my feeling is more bearish than bullish.
As the TA suggest that the bearish is near and the last economics are in this favor.
my opinion may change during asian session and the price action on 2867 Key level.
I wish luck to everyone.
Kind Regards
Niko
News affecting gold prices
News:
U.S. officials revealed that the Trump administration has proposed to Ukraine that the United States should obtain 50% ownership of Ukrainian rare earth mines, and said that if a peace agreement is reached with Russia, the United States is willing to deploy U.S. troops in Ukraine. To hedge against geopolitical and economic instability, it is currently believed that the gold market is pricing in increased policy tensions, and gold prices are expected to continue to rise next week.
Viewpoint:
Hedge against geopolitical and economic instability, and the next trading cycle will show an upward trend.
Keep paying attention to the subsequent sharing of views
News affecting gold pricesNews:
Russia's nighttime attack damaged port infrastructure in the Odessa region of Ukraine.
Russian troops occupied Zelenpo and Dachne in eastern Ukraine.
In the past day, the Russian army lost about 1,200 soldiers, as well as 17 tanks, 16 armored personnel carriers and 81 artillery systems and other equipment.
Geopolitics is continuing to heat up, and gold prices are expected to continue to rise next week.
Viewpoint
The market is in a volatile range.
It is expected to show an upward trend in the next trading cycle.
Keep an eye on the subsequent sharing of views
Gold continues to maintain sideways below 294x, accumulating⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) continues to climb during Friday’s Asian session, supported by concerns over US President Donald Trump’s tariff plans and a drop in US bond yields.
However, expectations that the Federal Reserve (Fed) will maintain its hawkish stance and keep interest rates high could limit further gains for the non-yielding metal. Traders are now focused on the upcoming US Retail Sales data for January, set to be released later in the day.
⭐️ Personal comments NOVA:
The uptrend is still going on, however profit-taking selling pressure still exists around 294x, gold will still accumulate around 2900 or more.
⭐️ SET UP GOLD PRICE:
🔥 SELL GOLD zone: $2942 - $2944 SL $2949
TP1: $2935
TP2: $2927
TP3: $2920
🔥 BUY GOLD zone: $2903 - $2905 SL $2898
TP1: $2912
TP2: $2920
TP3: $2930
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold is expected to continue to fall to the 2870-2860 regionAs I Stated in My Previous Analysis,gold has shown clear rejection signals around the 2942 and 2929 levels, indicating the presence of selling pressure and panic-driven resistance. Based on the current market structure, a noticeable shift in trend is emerging, with the price action gradually shifting downward.
Following the trading strategy I shared in my previous update, short positions initiated around the 2910-2920 resistance zone have played out well, as gold has already declined as expected, reaching a low of 2894. If gold fails to break above the 2910-2920 zone, further downside movement toward the 2870-2860 region remains highly likely.
Bros, did you follow my short trade on gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Short gold after reboundDear Traders,
After retracing to the 2881 level, gold has rebounded and is currently extending its recovery above 2907. It is evident that as prices push higher, bearish forces are actively countering the move, and some profit-taking is taking place. The candlestick chart shows clear rejection signals near the 2942 and 2929 levels, indicating notable selling pressure and fear-induced resistance at higher levels.
For short-term trading, short positions can be considered within the 2910-2920 range. I believe that before resuming its uptrend, gold may still need to retest the validity of the 2900 support level. Furthermore, if downside momentum persists, there remains a possibility of further testing the 2870-2860 region.
Bros, do you have the courage to short gold with me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
The decline is blocked, buy quickly and continue to riseToday, the gold price market fluctuated greatly, with the highest price rising to around 2940 and the lowest price at 2879. The current gold price has bottomed out and has been hovering around 2890-2900. The technical adjustment has been blocked and the gold decline is about to come to an end. According to the general trend, the rise is coming, so this is a good time to buy.
Long gold at 2900, stop loss at 2890, tp: 2915-2920