Gold Drops Hard – Will 2880 Be the Next Support Test? Yesterday was marked by significant volatility in Gold.
After reaching an intraday high of 2945, the price plummeted more than 500 pips, hitting a low of around 2890.
As I highlighted in my previous analysis, 2930 was a key pivot level, and breaking below it triggered an accelerated decline. This level has now turned into resistance and was already tested overnight.
Looking ahead, this correction may not be over yet and the price could drop below 2900 again and we could see a test of the 2880 horizontal support level.
I remain bearish on Gold as long as the 2930–2935 zone remains intact. 📉
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Goldsignals
XAU/USD : Get ready for a new ATH, Towards $3000?! (READ)Gold's one-hour chart analysis confirms that the price has followed our previous forecast precisely, reaching the $2951 level as expected. Comparing the last five analyses highlights the accuracy of these projections.
Currently, after hitting $2951, gold is facing selling pressure and is trading around $2947. I anticipate a slight correction before another upward move.
Short-term targets: $2954 and $2956
Medium-term targets: $2966 and $2969
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD, Will the correction continue or not ??Hello Traders, Hope you are doing great.
As you can see below this post, We expected a correction in GOLD yesterday because it was forming a Rising Wedge Reversal pattern. The price corrected about 500 pips and then it began to retrace to 61.8 Fibo level. But what happens now? will the correction continue or not ?
The answer of this question is a Hesitant Yes, it will probably continue its downward correction, but PCE data that comes Friday can change everything, so Don't forget to use proper risk management. and Remember that these kind of corrections are temporary and gold price will probably see higher price this year
and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
XAUUSD SELL Gold’s price faces strong selling pressure and extends this week’s correction to hit a ten-day low near $2,880 on Thursday. The leg lower comes after US President Donald Trump cast doubts and confusion during a cabinet meeting on Wednesday about what levies will be applied, when, and to which countries.
XAUUSD SELL 2892
Support 2880
Support 2850
GOLD, Is a correction on the way ???Hello Traders, Hope you are doing great.
GOLD is forming a Rising Wedge Reversal pattern these days and it seems that Bulls aren't able to raise the price at least for now. So I expect a downward correction in upcoming days.
Remember that this kind of corrections are temporary and gold price will probably see higher price this year; so Don't forget to use proper risk management .
and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
GOLD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Gold Traders SMC-Trading Point update you on New technical analysis setup. Gold Traders Gold Ready for Down 👇 ⬇️ List day take a breakout up trand line. 4H Time Frame. Today 💪 test supply rejected point below 👇 trend 📉 FVG) level. 2892 close below 👇 2864 - 28833
Key Resistance level 2920
Key Support level 2892 - 2864 - 2833
Mr SMC Trading point
Pales support boost 🚀 analysis follow)
GOLD M30 DETAILED OVERVIEWGold (XAUUSD) is currently trading within a range-bound structure, forming key supply and demand zones.
🔹 Key Levels & Zones:
Strong Demand Zone (2H): Price recently tested a significant demand zone near $2,900 - $2,905, showing signs of potential bullish reaction.
Fair Value Gap (FVG) Fill: There is an imbalance in price action, suggesting a temporary push upward to fill the gap before further moves.
Strong Supply Zone: A major resistance area is identified around $2,945 - $2,950, making it a potential take-profit zone for buyers and an ideal level for fresh sell entries.
🔹 Trade Plan & Expectations:
Short-Term Bullish Move: Price may attempt to retrace higher towards the FVG fill area & supply zone, aiming for $2,940 - $2,945 before facing rejection.
Bearish Continuation: Once the price reaches resistance, a potential sell-off could drive XAUUSD back towards the demand zone and possibly lower towards $2,880 - $2,885.
EMA Confluence: The moving averages suggest an overall bearish trend, with price struggling to hold above key resistance levels.
📉 Bearish Bias: If rejection occurs at resistance, watch for confirmation before entering short positions targeting the demand zone and lower support.
📈 Bullish Scenario: If price breaks above $2,950, it could signal further upside momentum, invalidating the bearish setup.
XAUUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold (XAU/USD) – Bullish Breakout Ahead? 🔍 Technical Breakdown:
Gold has respected the key demand zone at 2,911 – 2,916, forming a strong base for a potential bullish continuation.
The recent correction followed a complex wave pattern, completing an ABCDE structure before bouncing.
The price is now moving towards the 161.8% Fibonacci extension at 2,992, a key upside target.
📊 Momentum Indicators:
The Stochastic Oscillator is recovering from lower levels, signaling renewed bullish momentum.
A break above recent highs could accelerate upside movement toward the psychological $3,000 mark.
🔥 Trading Outlook:
Bullish Bias: As long as Gold holds above 2,911, the upside structure remains intact.
Upside Target: 2,992 – 3,000 based on Fibonacci confluence.
Invalidation: A sustained break below 2,911 could shift momentum bearish.
📢 Are You Bullish on Gold? Comment below & hit Boost if you’re riding this move! 🚀✨
🔔 Follow for More Precision Trading Insights!
Bullish momentum intact: Gold price Analysis and Forecast !Gold Price Analysis: Bullish Consolidation Phase
Gold's price action over the past week can still be categorized as a bullish consolidation phase, following the recent strong move up to record highs. Although the daily Relative Strength Index (RSI) is close to the 70 mark, indicating a potential need for consolidation or a modest pullback, the bias remains firmly in favor of the bulls.
Key Support Levels
- $2,920-2,915: A crucial support zone that may attract dip-buyers
- $2,900: Additional support level that could provide a temporary floor for Gold prices
- $2,880: A key support region that, if broken decisively, could lead to further losses
Potential Downside Targets
- $2,860-2,855: A potential downside target if Gold prices break below $2,880
- $2,834: Another key level that could provide support, but may also be vulnerable to a breakdown
- $2,800: A round-figure mark that could attract sellers, leading to a potential extension of the downfall
Outlook
The path of least resistance for the Gold price remains to the upside, with the bulls firmly in control. However, caution is advised as the market may experience some near-term consolidation or a modest pullback before positioning for further gains.
Share Your Insights!
What's your take on the Gold market? Do you think the bulls will maintain control, or will the bears stage a comeback? Share your comments below!
Help Us Grow!
If you found this analysis helpful, please like and share it with your fellow traders and investors! Your support helps us provide more insightful market analysis and forecasts!
Best wishes Tom 😎
XAUUSD The top isn't very far off.Gold (XAUUSD) has been rising non-stop since the November 2024 bottom, which later transitioned into a Channel Up. The market is no stranger at all to such Channel Up patterns, in fact it has been the most dominant rising formation of this Bull Cycle since the September - October 2022 market bottom of the Inflation Crisis.
The previous 4 completed Channel Up patterns, rose by a minimum of +18.57% and a maximum of +23.48%, so the average rise since a pull-back low has been more than +20%. Those technical pull-backs hit the 0.382 Fibonacci retracement level in 3 out of 4 occasions.
Base on the above conditions, we believe that Gold will top either by the end of this month (+18.57%) or the next (+23.48%), with the Sell Zone designated within those ranges. Similarly, the Buy Zone can be between the two potential 0.382 Fib levels.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GC1! "The Gold" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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however I advise to Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Thief SL placed at 2935.0 (swing Trade Basis) Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 2820.0 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
GC1! "The Gold" Metal Market is currently experiencing a Bearish trend., driven by several key factors.
💠 Fundamental Analysis
The GC1 contract is influenced by global economic trends, monetary policies, and commodity market fluctuations. Central banks' cautious approach to interest rates and inflation management impacts gold prices.
💠 Macroeconomic Analysis
GDP Growth Rate: Global economic growth slows down, with the US GDP growth rate at 3.3% in Q4.
Inflation Rate: Inflation trends show moderation, with the US inflation rate at 1.0% annualized.
Employment and Labor Market: The US job market remains solid, with 353,000 jobs added in January.
💠 COT Data Analysis
Institutional Traders: 55% long, 45% short.
Retail Traders: 52% short, 48% long.
Large Banks: 57% long, 43% short.
💠 Market Sentimental Analysis
Market Sentiment: 40% bullish, 60% bearish.
Trader Sentiment: 29% long, 71% short.
💠 Market Sentiment by Trader Type
- Institutional Traders: 60% bullish, 40% bearish
- Hedge Funds: 55% bearish, 45% bullish
- Retail Traders: 55% bullish, 45% bearish
💠 Positioning Data Analysis
Bullish Trend: 45% likely.
Bearish Trend: 55% likely.
💠 Overall Outlook
GC1 prices may fluctuate due to central banks' monetary policies, inflation trends, and geopolitical tensions. Investors are cautiously optimistic, with a focus on technology and innovation-driven sectors.
Key Factors Influencing GC1 Prices
Monetary Policy Adjustments: Federal Reserve's interest rate decisions.
Inflation Trends: Global inflation rates.
Geopolitical Risks: Middle East tensions and commodity market fluctuations.
Technology Sector Resilience: Growth potential in AI and semiconductor fields.
Cryptocurrency Market Volatility: Bitcoin's impact on traditional markets.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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XAUUSD set for 300 pip plus drop?There is gap open in XAUUSD we may see potential drop as the market trend is exhausted and could continue to drop to weekly support level for deeper liquidity grab. From weekly perspective we can see XAUUSD is over extended toward the upside and we may see deeper pull back or a short term versal in the trend.
Waiting on a possible entry to the sell positions.!!
XAUUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Are we on an expanded flat correction?!As my chart , It seems like after an orange impulse wave (12345) we are on an expanded flat corrective wave (phosphoric ABC) and on wave C we are on a triangle wave (purple ABCDE), Then target of this correction maybe be around 2910 !
And after that continue bullish waves !
Gold’s Bull Trap? Major Reversal Incoming!As I expected in yesterday's post , Gold ( OANDA:XAUUSD ) started to rise from the Support zone($2,919-$2,905) and bounced exactly on my hypothesized lines , and I hope you were able to profit.
Gold failed to break the Resistance zone($2,948-$2,940) . And it appears to have created a Bull Trap .
In terms of the Elliott wave theory , Gold seems to have completed the main wave 5 , and one of the signs for me was the Bull Trap .
I expect Gold to fall to at least the Support zone($2,919-$2,905) after breaking the Uptrend lines . ( Next targets are also possible ).
Note: If Gold can go over the Resistance zone, we can expect more pumps.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 30-minute time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD : First SHORT,then LONG! But...! (READ THE CAPTION)On the one-hour gold chart, we can see that yesterday, the price corrected from the $2943 level down to $2918 before encountering strong demand. This led to a bullish move, with gold reaching a new high of $2955 today. Before targeting the next resistance zone at $2966 - $2969, a slight pullback is likely. This analysis will be updated accordingly. Enjoy the ride, folks!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Gold (XAU/USD) Triangle Pattern – Key Support Test Incoming!Gold (XAU/USD) Triangle Pattern – Key Support Test Incoming! ⚠️
📊 Timeframe: 4H
💰 Current Price: $2,939
📉 Pattern: Ascending Triangle Breakdown Potential
Market Overview:
Gold has been forming an ascending triangle, with price reacting between the top resistance line and the rising trendline support. The price is now rejecting the upper boundary and could head towards key support zones before making its next move.
Key Levels to Watch:
✅ First Support Area: $2,925 - $2,930 (Short-term bounce zone)
✅ Next Support Area: $2,900 - $2,910 (Stronger demand zone & trendline support)
✅ Resistance: $2,950 (Breakout level for bullish continuation)
Technical Analysis:
🔹 Price Rejection at the Top Line of Triangle: Selling pressure is increasing near resistance.
🔹 Support Retest Possible: If price moves lower, the first support area could act as a minor bounce zone, but if broken, we may see a drop to the next support area at $2,900.
🔹 Trendline Test Incoming: The bottom line of the triangle is critical—if it holds, we could see a bullish reversal. A breakdown would signal further downside.
Trade Plan:
🔹Bearish Scenario:
- If price breaks below $2,925, it could drop towards $2,900 support.
- Short Entry: Below $2,925
- Target: $2,900
- Stop Loss: $2,945
🔹 Bullish Scenario:
- If price holds the trendline support and shows bullish confirmation, we could see a **bounce back towards $2,950.
- Long Entry: Near $2,900 with confirmation
- Target: $2,950
- Stop Loss: $2,885
GOLD TRADING POINT UPDATE > READ THE CHAPTIAN Buddy'S dear friend 👋
SMC Trading Signals Update 🗾🗺️ Gold traders SMC trading point update you on New technical analysis update on gold 🪙 Gold still going to bullish trend 📈 Gold Traders Gold Ready for a new ATH 3010$. This weekend. I'm going to bullish trade on Gold. Today 💪 Take a Strong breakout Resistance level 2947 2954 back 🔙 Tast diamond zone support level. 2923 Now Gold. Don't wait more Sell Good luck 🤞🤞
Key Resistance level 2954 + 2961 + 2987 3010
Key Support level 2940 - 2930 - 2924
Mr SMC Trading point
Pales Support boost 🚀 analysis follow)