Gold Showing Signs of Reversal After Hitting Key ResistanceHello Guys.
Gold has reached a major resistance zone around 3439–3425, which has already acted as a strong ceiling in the past. The price tapped into this area again, forming a clear divergence, and failed to break higher.
Here’s what stands out:
Divergence signals a weakening bullish momentum at the top.
The price rejected the resistance and is now breaking structure to the downside.
A minor pullback may occur before continuation, as shown in the projected moves.
First target: 3259.792
Second target (if support breaks): 3136.869, a deeper zone for potential bounce or further drop.
This setup hints at a bearish trend building up. Stay cautious on longs unless the price structure changes again.
Goldsell
How to correctly grasp the gold trading opportunities?Yesterday, gold prices saw a technical rally amidst volatile trading, followed by a downward trend under pressure. Bulls strongly supported a rebound at 3280 in the Asian session. The European session saw an accelerated upward move, breaking through 3314 before retreating under pressure. We also precisely positioned short positions below 3315, achieving a perfect target of 3290-3295. During the US session, the market again faced pressure at 3311, weakening in a volatile trend before breaking through 3300. The daily chart ultimately closed with a medium-sized bullish candlestick pattern, followed by a pullback and then a decline.
Overall, after yesterday's rebound, gold prices remain under pressure at the key resistance level of 3314. The short-term bearish weakness line has moved down to this level. If pressure continues in this area in the short term, gold will maintain a weak and volatile structure, with intraday trading remaining focused on rebounds and upward moves. If you are currently experiencing confusion or unsatisfactory trading strategies, please feel free to discuss your options and help avoid investment pitfalls.
From a 4-hour analysis perspective, focus on resistance at 3305-3315 on the upside. A rebound to this level is a good opportunity to short against resistance. Focus on support at 3280-3270 on the downside. Unless the price stabilizes strongly, consider not entering long positions below this level. The overall strategy remains to short on rebounds, with the same rhythm. I will provide timely notifications of specific levels from the bottom, so keep an eye on them.
Gold Trading Strategy: Short on rebounds near 3305-3315, with targets at 3290-3280-3270.
Waiting for non-farm payroll dataGold prices (XAU/USD) remained under pressure in Asian trading on Friday, trading below $3,300, not far from the January low reached earlier this week. Gold failed to extend its modest overnight rebound, primarily due to the strong US dollar.
The Federal Reserve's latest hawkish tone has prompted a reassessment of the timeline for interest rate cuts, boosting demand for the US dollar and weighing on the non-interest-bearing asset, gold.
The US dollar index rose for the seventh consecutive day, reaching a new high since late May, further weakening gold's appeal. Key to the dollar's momentum lies in the latest inflation data: the US PCE price index rose to 2.6% year-on-year in June, while the core index remained stable at 2.8%, exceeding market expectations and reinforcing the view of persistent inflation.
"Both inflation data and GDP data suggest the US economy remains resilient, giving the Fed little reason to rush into easing," said a Fed observer. "This limits gold's near-term potential as a hedge."
Meanwhile, US President Trump signed an executive order on Thursday imposing import tariffs ranging from 10% to 41% on several trading partners, including Asian countries. Countries with trade deficits will face tariffs of at least 15%. This move has heightened global trade concerns, boosted market demand for safe-haven assets, and provided some support for gold.
Despite this, gold prices remain mired in a downward trend. Investors are generally maintaining a wait-and-see approach, awaiting Friday's release of the US July non-farm payroll report. This data is seen as a key indicator of economic resilience and the interest rate outlook. Expectations suggest an increase of 110,000 jobs and a slight rise in the unemployment rate to 4.2%.
The daily gold chart shows that prices are in a weak consolidation phase, capped by key resistance near $3,320. If gold prices fail to break through this area, there is a risk of further decline in the short term. Stronger resistance lies above $3,350. A breakout on strong volume could trigger a rebound towards the $3,380 area, potentially pushing the price above $3,400.
As for downside support, the 100-day moving average provides initial support near $3,270. A break below this could trigger further downward pressure, targeting the $3,240 area, the June low. A further break below this level would target the psychologically important $3,200 level.
In terms of indicators, the MACD death cross continues, with a shortening red bar, indicating weakening bearish momentum but no reversal. The RSI remains in neutral to weak territory, not clearly oversold.
The current gold trend is characterized by a "structurally bearish, sentimentally supportive" pattern. Despite the trade war and heightened global risk aversion, the Federal Reserve's caution about inflation and the strong dollar are exerting significant pressure.
If the July non-farm payroll data is strong, gold could test further technical support. Conversely, weak data or a pullback in the dollar could trigger a technical rebound. PEPPERSTONE:XAUUSD ACTIVTRADES:GOLD VANTAGE:XAUUSD FOREXCOM:GOLD EIGHTCAP:XAUUSD FOREXCOM:GOLD
Gold Price Consolidates in Symmetrical Triangle, Breakout Ahead?Gold shows a clear bearish trend within a well-defined downward channel. Price action continues to form lower highs and lower lows, reinforcing the ongoing downtrend. The recent rejection from $3,312 suggests that bulls are struggling to regain control, and the market remains pressured by selling momentum. The price is currently hovering near $3,287 just above horizontal support zone.
📉 Potential Scenarios
- Bearish Continuation (Most Likely)
- If price continues to stay below $3,300 and breaks below $3,281, it may aim for $3,261 and $3,249.
- A close below $3,281 would confirm further bearish pressure and signal downside continuation toward the $3,240s range.
- Short-Term Bullish Retracement
- If price holds above $3,281 and breaks above $3,300–$3,312, a relief rally may occur at first resistance: $3,306 and second resistance: $3,312.
- However, unless gold breaks above $3,332 (previous swing high), this would still be considered a bear market rally.
- Range-bound Movement
- A third scenario is sideways price action between $3,281 and $3,312, where neither bulls nor bears take control immediately. This would represent market indecision or awaiting external catalysts (e.g., economic data, Fed policy).
🔍 Trend Outlook
- Short-Term Trend: Bearish
- Medium-Term Trend: Bearish, unless price breaks and sustains above $3,312
- Long-Term Trend: Neutral-to-bullish, as long as price holds above the macro support zone near $3,240
1D Chart Long Term Possible Scenario
The price is currently trading around $3,285, sitting just above the triangle’s ascending trendline support and within a key horizontal demand zone around $3,250–$3,300, which has held multiple times in the past.
If bulls manage to push the price above $3,360–$3,400, it could confirm a breakout and open the door toward the next major resistance at $3,450. However, if price fails to hold above the current ascending trendline, a breakdown could retest the base support near $3,248 or even lower toward $3,150
Gold is currently in a neutral consolidation phase within a symmetrical triangle, with both bullish and bearish breakout scenarios possible. The breakout direction from this pattern—expected in the coming weeks, will likely set the tone for gold's medium-term trend.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
GOLD REMAINS UNDER PRESSURE AFTER U.S. INFLATION DATA📊 Market Overview:
Gold is trading around $3294, down from $3311 earlier after U.S. Core PCE and Employment Cost Index came in as expected — reinforcing the Fed's hawkish stance. A stronger dollar and rising Treasury yields continue to weigh on gold.
📉 Technical Analysis:
• Key resistance: $3302 – $3305
• Nearest support: $3285 – $3275
• EMA09 (H1): Price is below the 9-period EMA → short-term trend remains bearish
• Candlestick / volume / momentum: After the sharp drop, price is consolidating between $3293–$3298 with low volume. Failure to break above $3302 may trigger further downside. RSI near 45 suggests room for more selling.
📌 Outlook:
Gold may continue to decline in the short term if it fails to reclaim $3302 and the dollar remains strong through the Asian and European sessions.
💡 Suggested Trade Setup:
🔻 SELL XAU/USD: $3296 – $3298
🎯 TP: $3280 / $3275
❌ SL: $3305
🔺 BUY XAU/USD: $3275 – $3278 (if reversal candle appears)
🎯 TP: $3295
❌ SL: $3270
XAUUSD Intraday Technical Analysis – Bullish Breakout SetupGold (XAUUSD) is showing signs of bullish recovery after a sharp sell-off, with current price action around 3305.86 USD hinting at a potential breakout on the 1-hour timeframe.
- Technical Overview
Price structure: After a steep decline, gold formed a base near the 3284–3299 zone and is now climbing back, with a potential inverse head-and-shoulders formation taking shape.
EMA cluster: Price is approaching the confluence of the EMA 50, EMA 100, and EMA 200, currently acting as dynamic resistance around 3309–3323. A break above these levels may confirm bullish strength.
Fibonacci retracement: The bounce appears from the 0.874 extension, indicating the end of the previous bearish leg.
Volume analysis: Increasing bullish volume supports the idea of a potential breakout.
- Key Levels to Watch
Zone Type
Price Level (USD)
Remarks
Immediate Resistance: 3,309 – 3,323 - Major test zone; overlaps with EMA 50/100
Major Resistance : 3,337 – 3,340 - Previous high; if broken confirms bullish continuation
Support Zone: 3,299 – 3,302 - Intraday support turned demand zone
Critical Support: 3,284 – 3,285 - Recent swing low; invalidates bullish view if broken
- Intraday Strategy Suggestion
Scenario 1 – Bullish Breakout
Entry: Buy on breakout and retest of 3,309–3,323
SL: Below 3,299
TP1: 3,337
TP2: 3,355
- Confirmation by strong bullish candle closing above EMA cluster and above resistance zone.
Scenario 2 – Buy on Pullback
Entry: Buy limit at 3,300–3,302
SL: Below 3,284
TP1: 3,323
TP2: 3,337
- Look for RSI divergence or bullish engulfing candle at support for higher conviction.
- Final Note
The bulls are attempting to reclaim momentum after a major correction. If gold can sustain above the 3,309 resistance and hold the 3,300 base, a short-term bullish reversal could materialize.
Gold consolidates near key support – What's next for?1. Market Overview
On the 15-minute chart, XAUUSD is trading around 3,290–3,292 USD, hovering just above a critical intraday support zone at 3,287–3,289 USD (highlighted in blue). This area has repeatedly provided a bounce in recent sessions, indicating persistent buying interest.
The current price action reflects sideways movement within a narrow range (3,287–3,296 USD), and notably, declining volatility, as shown by reduced candle range and trading volume.
2. Technical Breakdown
EMA: Price is moving around the EMA20 and EMA50, reflecting indecision and lack of directional momentum.
RSI (inferred): Likely hovering near the neutral 50–55 zone, confirming a balanced market.
Trendline: A descending series of lower highs from the 3,312 peak suggests bearish pressure, though buyers still defend key support.
Fibonacci: The 3,287 USD zone aligns with the 61.8% Fibonacci retracement level, reinforcing its strength as a bounce area.
3. Key Levels to Watch
3,287–3,289: Support - Repeated reactions here – key demand zone
3,296: Immediate resistance - Needs breakout to confirm bullish move
3,302: Next resistance - Breakout target – short-term top
3,275: Deeper support - Retest level if support breaks
4. Trading Strategy Scenarios
🔹 Scenario 1 – Long setup at support
Entry: 3,287–3,289 (wait for bullish reaction like pin bar or engulfing)
Stop Loss: Below 3,284
TP1: 3,296 | TP2: 3,302
🔹 Scenario 2 – Short setup on breakdown
Entry: Below 3,284 (after clear bearish candle close)
Stop Loss: 3,288
TP1: 3,275 | TP2: 3,268
5. Conclusion
Gold is in a tug-of-war at a sensitive support zone. Whether bulls defend or bears break below will set the tone for the rest of the session. Focus on price reaction around 3,287 to determine direction – avoid blind predictions.
Make sure to follow for more live strategies as the New York session unfolds – and save this post if you find it helpful!
What’s your view on this support zone? Let’s discuss below!
Gold price analysis July 31XAUUSD – Bearish pressure still prevails, watch for SELL in the direction of the trend
Yesterday's session witnessed a strong decline when the D1 candle closed with selling pressure up to 60 prices, forming a key candle that shapes the trend. When the market forms a main candle, the 25% and 50% candle body areas are often important price areas to continue trading in the direction of the main trend.
In the current context, the priority strategy will be to sell in the direction of the downtrend when the price rebounds to the resistance areas and there is a rejection signal.
🔹 Important resistance areas:
3301 – 3312 – 3333
🔸 Target support areas:
3285 – 3270 – 3250
🎯 Trading strategy:
Prioritize SELLing at the resistance area of 3301–3312 when there is a price reaction (rejection).
Target: 3250
BUY only considered when 3313 area is broken decisively.
Staying disciplined and sticking to the reaction price zone will be key in the context of the market moving in a clear trend.
XAUUSD: BUYThere are some good trading opportunities in the market. That's when to buy. Gold prices haven't fallen further since falling back to 3390. There's no further negative news. Therefore, there won't be a significant short-term decline. Our focus will be on tomorrow's non-farm payroll data update. This is a crucial factor that can cause gold prices to rise or fall significantly in the short term.
I'll update you with real-time buy and sell opportunities. This is based on research from the Swing Trading Center. It's highly authoritative. Don't miss out! Remember to stay tuned.
XAUUSD: BUY 3292-3282 TP 3320. SL 3265
Gold Struggles at Resistance – Indicates Lower Lows AheadGold has been in a clear downtrend after facing a strong rejection around the 3,438 level (main resistance zone). Price is currently moving within a descending channel, confirming the formation of lower highs and lower lows – a classic bearish market structure.
Currently, Gold is trading near 3,306, facing resistance at 3,339 (marked as a possible lower high). If price fails to break above this level and sustain, there is a strong probability of continuation towards 3,249 and even 3,216.
Key Technical Highlights
- Immediate Resistance: 3,339 – 3,353
- Support Levels: 3,301 (short-term), 3,249, and 3,216
A rejection near 3,339 can lead to another leg down targeting 3,249 and 3,216. However, a strong breakout above 3,339–3,353 could temporarily shift momentum towards 3,394.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold May Rise Technically after Testing the $3,300 Zone📊 Market Overview:
Spot gold is trading around $3,295–$3,301/oz, influenced by slightly lower U.S. Treasury yields and a softer dollar tone. Analyst consensus from Reuters projects gold likely to stay above $3,220/oz through 2025 and possibly hit $3,400 in 2026 amid continued safe-haven demand
📉 Technical Analysis:
• Key resistance: $3,320 / $3,345
• Closest support: $3,274 – $3,280
• EMA09: Price is currently below the 9 period EMA on H1, indicating a short-term bearish bias.
• Candlestick / volume / momentum: There was a minor bounce from the support zone around $3,274, but volume remains low. RSI isn't oversold, suggesting room for technical pullback.
📌 Outlook:
Gold may experience a technical rebound if it holds above $3,280. A breakout above $3,320 would likely require clear catalyst—such as weak U.S. data or a dovish Fed tone.
💡 Suggested Trading Strategy:
SELL XAU/USD: $3,320 – $3,323
🎯 TP: 40/80/200 pips
❌ SL: $3,326
BUY XAU/USD: $3,279 – $3,282
🎯 TP: 40/80/200 pips
❌ SL: $3376
Gold bottomed out and rebounded, and gold is still rising!The latest news indicates that Trump has announced a 50% tariff on Brazilian products and a 25% tariff on Indian products, and has firmly stated that the tariffs will take effect on August 1st, with no further grace period. These positive factors will also support a rebound in gold.
As for tomorrow's big non-farm payrolls, considering that both the previous two times were negative and contrary to the ADP, it is very likely to be bullish for gold, which may help boost a steady rebound in gold, so there is no need to worry if you are stuck with gold.
Nothing rises forever, and nothing falls forever. Last week, the market rose in the first half, then fell in the second half. With the first half of this week's decline, the daily chart has already fallen to near the 100-day moving average. Be wary of a rebound in the second half. Gold is bearish today, but don't chase shorts. Focus on the 3300 resistance level. If it breaks above and stabilizes, expect a continued rebound to 3330-3345!
A real-time strategy is like a beacon guiding your investment journey. The market will never disappoint those who persevere and explore wisely. FX:XAUUSD VELOCITY:GOLD FXOPEN:XAUUSD ACTIVTRADES:GOLD PYTH:XAUUSD
Short position profit. Latest strategyYesterday's gold price fluctuated: it maintained sideways fluctuations in the morning and started a downward channel after the opening of the US market. The Federal Reserve's interest rate decision remained unchanged. In addition, Powell's speech suppressed expectations of a September rate cut. The gold price directly fell to around 3267 and closed the day with a negative line, which exceeded expectations.
Looking back at recent trends, gold prices saw a brief correction on Tuesday after four consecutive days of decline, but failed to sustain the upward trend, falling sharply again yesterday, demonstrating that the weak market remains intact. Judging from today's market, theoretically there is still room for further decline, but before yesterday's low is broken, we don't expect a big drop for the time being; if the support here is effective, the market may tend to correct.
Pay attention to the daily resistance near 3315, and try shorting with a light position; the hourly resistance is near 3301, which is also a good position for shorting; the intraday bull-bear watershed is near 3294. If the market falls weakly and rebounds here, there may be a decline. The target below will first look at 3275. If yesterday's low of 3267 is broken, look further to 3250: On the long side, pay attention to the 3249 support below. If it is close to broken, you can try short-term buying.
【Operation ideas】👇
The bearish strategy in the morning remains unchanged. The short position at 3315 was publicly set up in the morning. The market rebounded to 3314 and then went down directly. The idea of setting up short positions at 3301 in the morning session remains unchanged. Friends who did not follow up with the short positions at 3315 can now add short positions with a light position at 3300.
PEPPERSTONE:XAUUSD ACTIVTRADES:GOLD VANTAGE:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD VELOCITY:GOLD PYTH:XAUUSD
Technical Analysis - Gold Rejected at ResistanceGold is currently trading around $3,341 after facing a strong rejection from the $3,438 resistance area. This rejection coincided with the upper boundary of the trend channel and the main resistance zone, which also aligns with the Fibonacci 0.5–0.618 retracement levels. After the rejection, price fell below the descending trendline, indicating that short-term sellers have taken control.
On the downside, the immediate support sits at $3,324, which has acted as a short-term bounce level. A break below this could push gold lower toward $3,281 and potentially $3,254, which are key Fibonacci extension support levels. On the upside, the immediate hurdle is at $3,355–$3,360 (descending trendline). A breakout above this area will be critical for any bullish recovery attempt toward $3,381–$3,394 and eventually $3,420–$3,438.
At the moment, the short-term trend remains bearish because gold is trading below the descending resistance and showing lower highs. However, as long as gold holds above the $3,254 support zone, the medium-term structure remains neutral to bullish, giving bulls a chance if momentum shifts again.
Last week candle is pin bar bearish candle which is showing bearish momentum at the moment. The candle shows rejection near $3,400–$3,450, aligning with the triangle’s upper resistance trendline. If gold cannot reclaim and hold above last week’s high, price may drift lower to retest support zones around $3,248–$3,150 before another breakout attempt.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold Price Update – Bearish Flag Signals Possible Drop AheadGold is currently trading around $3,324, showing consolidation after a recent decline from the $3,345 region. The chart shows a bearish flag pattern forming after the sharp drop, indicating potential continuation of the downtrend. If gold fails to break above this region, sellers may push the price lower towards $3,301 and possibly $3,275.
The descending trend line adds further bearish pressure, limiting upside momentum unless gold decisively breaks and holds above $3,345. Overall, gold remains under short-term bearish sentiment, with the focus on support retests. Any bullish momentum will only be confirmed if the price closes above the flag and trendline resistance.
Key Points
Resistance Zones: $3,328 (0.618 Fib), $3,345 (flag top).
Support Zones: $3,301 (Fib base), $3,284, and $3,275 (bearish extension).
Trend Outlook: Short-term bearish unless price breaks above $3,345 with volume.
Bearish Targets: $3,301 → $3,284 → $3,275.
Bullish Invalidations: Break and close above $3,345 may shift bias to bullish.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
The Federal Reserve maintains a neutral stanceAs the Federal Reserve maintains its neutral monetary policy stance despite acknowledging slowing economic growth, the gold market is attempting to reclaim the $3,300 per ounce mark.
As expected, the Fed kept interest rates unchanged, maintaining them within a range of 4.25% to 4.50%. The most notable change in the Fed's monetary policy statement was a slight downward revision of its assessment of the economy, noting that growth in the first half of the year slowed from the "solid pace" seen in June.
In its monetary policy statement, the Fed stated: "While volatility in net exports continues to impact the data, recent indicators suggest that the growth of economic activity has moderated somewhat in the first half of the year."
The market's initial reaction to the Fed's statement was renewed volatility in gold prices. On Wednesday (July 30), spot gold closed at $3,274.88, down $51.47, or 1.55%, with an intraday low of $3,268.02. In early Asian trading on Thursday, spot gold rebounded to around $3,296, putting it within reach of the previous support level of $3,300.
While the Federal Reserve maintained its neutral monetary policy stance, dissent began to emerge within the committee. Fed Governors Bowman and Waller both voted in favor of a rate cut at this meeting.
However, analysts noted that the split vote was unsurprising, as both committee members had been outspoken about their dovish views.
With the Fed's decision unsurprising, Michael Brown, senior market analyst at Pepperstone, predicts the Fed will be slightly more hawkish this year than the market currently anticipates.
Despite the Fed's current neutral stance, the market still expects the Fed to cut interest rates twice this year, starting as early as September.
"My baseline forecast remains that the resilient nature of the labor market and continued tariff-induced price pressures will keep the Fed on the sidelines for now," Brown said. "My view remains that only one 25 basis point rate cut is likely this year, likely at the December meeting." OANDA:XAUUSD ACTIVTRADES:GOLD EIGHTCAP:XAUUSD FOREXCOM:GOLD EIGHTCAP:XAUUSD
Gold breaks price channel, officially starts falling✏️ OANDA:XAUUSD price has officially broken the bullish wave structure and broken the bullish channel. A corrective downtrend has begun to form. If there is a pull back to the trendline today, it is considered a good opportunity for sell signals.
The liquidity zone 3250 is the target of this corrective downtrend. The 3283 zone also has to wait for confirmation because when the market falls and the momentum of the decline, the number of FOMO sellers will be very strong. The opposite direction is when closing back above 3375, Gold will return to the uptrend.
📉 Key Levels
SELL zone 3343-3345
Target: 3250
BUY trigger: Rejection candle 3285
Buy zone: 3251
Leave your comments on the idea. I am happy to read your views.
downtrend below 3300 , after ADP-NF⭐️GOLDEN INFORMATION:
The Federal Reserve’s policy statement noted that economic activity has slowed in the first half of the year, although the unemployment rate remains low and inflation is still “somewhat elevated.” The Fed reaffirmed its commitment to achieving maximum employment and returning inflation to its 2% target, while also acknowledging that “uncertainty around the economic outlook remains elevated.”
Earlier data showed that U.S. GDP grew in the second quarter, but underlying details painted a softer picture. Consumer spending cooled, and business investment declined significantly. According to Reuters, most economists now forecast full-year GDP growth at 1.5%, below the Fed’s 1.8% projection.
⭐️Personal comments NOVA:
Gold prices reacted negatively as the FED kept interest rates unchanged and Chairman POWELL's hawkish stance. Selling pressure below 3300 is being maintained.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3360- 3362 SL 3367
TP1: $3350
TP2: $3340
TP3: $3330
🔥BUY GOLD zone: $3249-$3247 SL $3242
TP1: $3258
TP2: $3270
TP3: $3285
⭐️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
XAUUSD – 4H Short Setup AnalysisGold (XAUUSD) has broken below the dynamic support zone of the Keltner Channel structure and is currently trading beneath the 200 EMA zone, signaling bearish momentum. Price has rejected the upper resistance band near 3385, forming a lower high and triggering a short entry at the 38.2% Fibonacci retracement zone.
📉 Trade Idea (Short Bias)
Entry: Around 3360
TP1: 3317 (key support zone)
TP2: 3275 (38.2% Fib ext)
TP3: 3208 (100% extension target)
SL: 3385 (61.8% Fib retracement)
Confluences:
Price rejection from upper channel
200 EMA trend resistance
Clean bearish structure with momentum confirmation
Fib confluence adds precision to entry and target levels
If momentum sustains below 3360, further downside is likely toward the 3200 zone.
As Always GOLD Dumped During New York Session!We anticipated GOLD to dump and look for entries in AoO (Area Of Opportunity). But, I got stopped out before the dump happened. So far so good with the dump.
Why I didn't take another entry?
It comes down to my trading plan, price dumped out of my entry time range 8 am - 5 am New York local time.
Gold Slipping Lower — 3250 and 3200 in Sight!✅ Gold & DXY Update – Post-FOMC Price Action
Earlier today, before the U.S. interest rate decision, I released my outlook on both the Dollar Index and gold.
In that analysis, I highlighted the DXY’s readiness to move toward the key level of 100 — and as of now, price is actively testing that exact zone, just as expected.
As for gold, I repeatedly emphasized the visible weakness on the buy side. It was clear that there were very few remaining buy orders strong enough to hold price up in this region — and that’s exactly what played out. Price has started pushing lower, in line with our expectations.
Looking ahead, I believe the first target is 3250, followed by a deeper move toward the liquidity zone and the marked box around 3200, which could act as a key target area in the coming days.
🔁 This analysis will be updated whenever necessary.
Disclaimer: This is not financial advice. Just my personal opinion.
Be cautious with the numerous news and short sell on rebound#XAUUSD
The market is fluctuating sideways, and whether it can achieve a V-shaped reversal still needs to wait for information such as ADP and the Federal Reserve's decision.🗞 Invest lightly today and avoid letting emotions dictate your thinking.⚖️
⚠️Although the market currently predicts that the news information is bullish for gold, and most of the trading voices are centered around bulls, we still need to be wary of the resistance area above 3345-3350.
📉Judging from the daily chart, I have clearly stated in the figure before that the current trend is a converging triangle. If the price hits the triangle boundary, coupled with the interference of external news, it may trigger panic selling, killing a wave of long buyers first🐂, and then trigger an upward trend when it retreats to near the 3300 support level, and may even test the support level of 3285. 🩳
The 4H chart shows that although the rebound momentum is still continuing📈, the gold price is still below the short-term moving average and has only recovered the lower support level. It is necessary to wait for a second retracement confirmation to determine whether a true trend reversal has been achieved. 📈
In addition, the price on the hourly chart continues to run in a downward channel. Combined with the previous trend pattern, after the rebound correction at the 4H level is completed, it is highly likely that the downward trend will continue to return to the lower support level of the daily level.🐻
If resistance is encountered at 3345-3350 for the first time today, consider shorting.💡
If the price currently retreats to around 3320-3315, consider a short-term long position. Long positions held yesterday can be manually closed at around 3330.💡
🚀 SELL 3340-3350
🚀 TP 3330-3320-3300
🚀 BUY 3320-3315
🚀 TP 3330-3340