Gold Bullish To ATH Of $2,964?! (1H UPDATE)Even though prices are getting weaker & closer to a reversal, we’re listening strictly to what market structure tells us.
Above Wave X High ($2,864) = Bullish📈
Below Wave 4 Low ($2,833) = Bearish📉
Metals
Gold Potential UpsidesHey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2900 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2900 support and resistance area.
Trade safe, Joe.
XAUUSD Still bearish on a Channel Down.Gold / XAUUSD entered a Channel Down on the 1hour timeframe forming today a Death Cross.
This is the first 1hour Death Cross since December 16th when Gold was again inside a Channel Down.
That Channel Down had symmetrical bearish waves of -3.00% each.
We expect the current one to show the same attributes, thus the bearish wave that just started on the Death Cross should be -2.30%.
Sell and target 2865.
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Intraday Setup: Gold Market Technical Outlook & Supply Zone.🔹Gold (XAU/USD) 15-Minute Chart Analysis
- The chart highlights a supply zone around the 2,914 level, where price previously faced strong selling pressure.
- Gold has broken below this zone, indicating a potential bearish continuation.
- A retest of the supply zone is expected before further downside movement.
- The projected path suggests a move lower towards new support levels, likely around 2,890 or below.
- If price fails to reclaim the supply zone, sellers may maintain control.
▪️Conclusion:
Gold appears to be in a short-term downtrend, with potential selling opportunities near the supply zone before further declines.
GOLD recovered after a 1.3% correction, paying attention to PCEOANDA:XAUUSD rose slightly on Wednesday (February 26), after a sharp 1.3% drop in the previous trading day, as traders took profits from a new record high set by gold.
Spot gold prices fell to their lowest level in more than a week yesterday as investors took profits after a period of gold prices reaching record highs amid ongoing concerns about instability caused by US President Trump's tax imposition plan.
OANDA:XAUUSD traded at nearly 2,915Dollar.oz, about $40 below the all-time high set on Monday.
Gold prices have been supported in recent days by weak U.S. economic data that raised expectations the Federal Reserve could cut interest rates in July, while President Donald Trump's growing tariff threats have increased safe-haven demand.
In addition, gold is also receiving renewed attention from gold ETFs. Last week ETFs saw their largest net inflows since 2022, according to Bloomberg data.
- The world's largest gold ETF, SPDR Gold Trust, increased its gold holdings by 0.29 tons compared to the previous day and the current gold holdings are 907.82 tons.
- The world's largest silver ETF - iShares Silver Trust reduced its holdings by 73.62 tons compared to the previous day and its current holdings are 13,655.67 tons.
Meanwhile, investors and economists expect the Fed to respond “robustly and systematically” to changes in inflation and the labor market, according to research released Monday by the San Francisco Federal Reserve. Rising inflation could force the Federal Reserve to maintain high interest rates, reducing the appeal of non-yielding gold.
Uncertainty over US President Donald Trump's use of tariffs as a negotiating tool has caused traders to become risk-averse. On Monday, Trump hinted that tariffs on imports from Mexico and Canada would take effect next week, even as both countries work to combat fentanyl and illegal immigration.
This week, key US data also includes durable goods orders, revised fourth-quarter GDP and the Federal Reserve's preferred measure of inflation, the core personal consumption expenditures (PCE) price index.
Analysis of technical prospects for OANDA:XAUUSD
After a shock correction in yesterday's trading session, gold recovered to maintain price activity above the original price level of 2,900 USD, which can be considered a positive signal when the downward momentum is limited.
Downside corrections can occur at “shock” levels, which have come to the attention of readers in many publications whenever the market has been up for a long period of time and the Relative Strength Index enters the overbought area. This can be considered normal market activity, because any type of asset that increases or decreases in price does not move in a straight line.
On the current daily chart, Gold still has bullish conditions with support from the trend channel and EMA21 as key support, on the other hand price activity above the $2,900 level also plays a positive role.
As long as gold remains in the price channel, above EMA21, its main prospective trend is still bullish, price drops should only be considered short-term corrections.
During the day, important positions will be highlighted as follows.
Support: 2,900 – 2,880USD
Resistance: 2,938 – 2,946USD
SELL XAUUSD PRICE 2941 - 2939⚡️
↠↠ Stoploss 2945
→Take Profit 1 2933
↨
→Take Profit 2 2927
BUY XAUUSD PRICE 2876 - 2878⚡️
↠↠ Stoploss 2872
→Take Profit 1 2884
↨
→Take Profit 2 2890
XAUUSDGold technical analysis
Daily chart resistance 3000, support below 2888
Four-hour chart resistance 2918, support below 2888-2850
Gold operation suggestions: Gold began to fall after being suppressed at the 2930 mark in the Asian and European sessions yesterday. The European session continued to fall under pressure at the 2920 mark. The US session accelerated downward to break through the 2900 integer mark and stabilized at the 2890 line to bottom out and rebound. Then the gold price fluctuated and rose to close above 2910
From the 4-hour analysis, the upper resistance is around 2918, and the short-term support below is 2888. If it falls below the new low, it may accelerate its decline during the day and can be seen near 2850. If it is a false breakthrough, the final daily line closes above 2890 or fluctuates widely. In the middle position, watch more and move less, and wait patiently for key points to enter the market.
SELL:2888near SL:2892
BUY:2890near SL:2887
Use small size to control risk
XAUUSD: Buy or sell?Gold continues to decline for the second day, trading around $2,913 per ounce, as the market pauses ahead of key inflation data and uncertainty surrounding Trump’s tariff policies. Despite the drop, strong buyer interest at lower levels signals stability, while expectations of further Federal Reserve rate cuts continue to support the metal.If buyers defend key levels, a short-term rebound may occur.
OfficialKieranTrewick | XAUUSD | Long from 25% ? The latest chart update shows that price has fully cycled from the 100% to the 25% quarter level within the bullish ascending channel. After failing to break the 2920 resistance due to a decrease in order flow, price continued its descent towards the lower boundary of the channel.
Upon reaching this key support zone, order flow for buying pressure significantly increased, leading to a suitable long entry that has already hit two take profit targets, securing 60 pips. The expectation is for price to slowly ascend back into the channel, aligning with previous value areas and increasing order flow.
However, with high-impact news on the horizon, market sentiment could shift, posing a potential risk to the current bullish market structure. Traders should remain cautious and prioritize risk management in case of unexpected volatility.
FX:XAUUSD
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Elliott Waves SHows That Gold Is Turning South For Corrective ReGold started the year bullish with a strong extended leg to the upside close to 3k, but the move looks impulsive and may have found a temporary top near 2950. The reversal this week is coming from an ending diagonal, with the price now attempting to break the lower trendline support of the bullish channel. This suggests gold could be entering a corrective wave 4, likely unfolding in three waves. For those looking to join the trend, it’s better to wait for a deeper correction and a retest of lower support in this wave four pullback. Supports are at 2864 and 2789
At the same time, keep an eye on USD/CNH—if it pushes higher now for wave four, to retest its 2022 highs, gold could remain sideways for a while. In such case the new opportunities to rejoin the gold uptrend may come after USD/CNH completes its recovery from the 2024 lows, possibly around 7.40.
GH
Gold Temp Bearish Pressure Price looks like its going to sweep the lows. I mentioned this in my previous update. Being that it is the end of the month and coming up to end week we might not get the bullish play this week but if they move inside of the Weekly FVG then they have my attention.
Gold XAUUSD Intra-day Move 27.02.2025Trend Analysis:
The price is moving within a descending channel (marked by parallel dashed lines).
The price is near the lower boundary of the channel, suggesting a possible bounce upward.
Indicators Used:
Bollinger Bands:
The price touched the lower band, which might indicate an oversold condition and a potential reversal.
Moving Averages:
A short-term moving average (blue line) is following the price closely.
The price is below the moving average, confirming a bearish trend.
Support & Resistance Levels:
Support: ~2,868.82
Resistance: ~2,908.39
The price is currently around 2,887.19, showing signs of bouncing.
Trade Setup (Highlighted on the Chart):
Long Position (Buy Trade) Setup:
Entry: Near the lower trendline (around 2,884/87)
Stop Loss: Below support (~2,878)
Target Profit: Near the upper trendline (~2,908.39)
Risk-to-Reward Ratio: Favorable (green box indicates a good upside potential).
Trading Signal:
📈 Bullish Reversal Expected
If the price stays above the lower boundary and shows bullish momentum, a buy trade is valid.
If it breaks below the support, expect further downside movement.
Gold Price ActionHello Traders,
I have marked a key zone on the 4-hour chart, highlighting liquidity areas that need to be grabbed. Based on this setup, there is a strong possibility that the price will rise.
Looking at today's economic forecast, the USD appears slightly weaker due to higher-than-expected unemployment claims. Additionally, I have identified divergence, which further supports a potential bullish move.
You can consider entering a long position, but always ensure proper risk management. Stay disciplined, avoid over-leveraging, and don’t let greed take over.
Wishing you all the best and happy trading!
Thank you.
GOLD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GOLD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of 2,947.627.
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2.27 Gold Trading Analysis Strategy
Gold prices were largely flat on Wednesday (February 26) after falling to a one-week low in the previous trading day. Uncertainty caused by US President Trump's tariff plan has suppressed risk appetite and boosted demand for safe-haven gold. Earlier, it fell more than 2% on Tuesday, once losing the 2,900 mark and hitting a low of around $2,888, mainly due to a weak US consumer confidence report. Gold's weakness is mainly due to the sell-off in US stocks. As stocks fall, financial conditions become more tense, especially with the Fed's aggressive policies. The problem is that economic data is currently weak and inflation expectations are rising. Markets may be concerned that if the economy slows, the Fed may not cut rates quickly while inflation remains above target and long-term inflation expectations remain elevated. This is the growth panic risk, and the market has expected downward pressure on gold given the excessive long positions in the gold market.
Gold Market Trend Analysis:
Gold Technical Analysis: From the daily level, the technical indicators of the gold market show a clear divergence and are in a serious overbought range. According to the principle of technical analysis, the market has a strong demand for adjustment. Against this background, the price of gold fell sharply on Tuesday. At present, the price of gold has effectively fallen below the support of the short-term moving averages MA5 and MA10, and today's opening price is below these two moving averages. And it has turned into strong resistance, thus pushing the price of gold to continue its downward trend. Technically, it also needs to be judged by the combination of closing lines at the weekly and monthly levels, so it is temporarily regarded as a normal correction cycle, and this correction cycle is triggered by the current small double top.
After the gold 1-hour high top structure, it fell and broke. Our team has been bearish on gold for the past two days. The rebound is an opportunity for shorts. Gold has now begun to form counter-pressure at 2920. Gold rebounded below 2920 in the US market and continued to go short at highs. The current short-term moving average MA5 and MA10 have two pressure levels of 2925 and 2930. If the gold price can rise strongly and break through the above resistance area, then today's adjustment will only be short-lived, and gold will continue to rise. If there is no breakthrough, then gold will most likely continue to fall. Focus on the support strength near the low point of 2888. Once this point is lost, it may trigger a further decline in the gold price. On the whole, our professional and senior gold analyst team recommends rebounding shorting as the main strategy and callback longing as the auxiliary strategy. The short-term focus on the upper side is the 2920-2930 line of resistance, and the short-term focus on the lower side is the 2888-2890 line of support.
2.27 Gold Operation Strategy Reference:
Short Order Strategy:
Strategy 1: When gold falls back to around 2920-2925, go short (SELL ) with a stop loss of 8 points, and the target is around 2900-2895. If it breaks, look at the 2890 line;
Long Order Strategy:
Strategy 2: When gold falls to around 2888-2890, go long (BUY) with a stop loss of 8 points, and the target is around 2900-2910. If it breaks, look at the 2920 line;
Gold Market Analysis & Trading Strategy for TodayHello traders! Let’s analyze gold’s price movement and build a strategy for today.
OANDA:XAUUSD is experiencing a slight pullback, currently trading at $2,910 in the early trading hours. The precious metal remains stable within a descending parallel channel on the 1-hour chart, indicating short-term bearish momentum.
This correction aligns with declines in stocks and Bitcoin, reflecting broader risk-off sentiment in the market. However, unlike other assets, gold has found support at lower levels, suggesting that buyers are stepping in to stabilize the market.
While gold is retracing, it remains relatively stable compared to other assets. If buyers continue defending key levels (trendline boundaries), we could see a short-term recovery attempt.
Additionally, investors are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) report, the Fed’s preferred inflation gauge, which is set to be published on Friday. This data could have a significant impact on gold’s direction.
GOLD reaches the key position 2888Gold bottomed out and rebounded in the late trading, and the long and short cycles repeated. From the daily level, the technical indicators of the gold market showed a clear divergence and were in a serious overbought range. According to the principles of technical analysis, there is a strong demand for adjustment in the market. Against this background, the price of gold fell sharply on Tuesday and Wednesday.
At present, the price of gold has effectively fallen below the support of the short-term moving averages MA5 and MA10, and today's opening price is below these two moving averages. And it has turned into strong resistance, thus pushing the price of gold to continue its downward trend. Technically, it is also necessary to judge by the combination of closing lines at the weekly and monthly levels, so it is temporarily regarded as a normal correction cycle. This correction cycle is triggered by the current small double top.
After the top structure of the gold 1-hour high, the decline broke through. We insist on being bearish on gold in the past two days. The rebound is an opportunity for shorts. Gold has now begun to form counter-pressure at 2920. Gold rebounds below 2920 and continues to be short at highs. The current short-term moving averages MA5 and MA10 have two pressure levels of 2928 and 2935!
If the gold price can rise strongly and break through the above resistance area, then today's adjustment will only be short-lived, and gold will continue to rise. If there is no breakthrough, then gold will most likely continue to fall. Focus on the support strength near the low point of 2888. Once this point is lost, it may trigger a further decline in the gold price.
After a night of rebound correction, gold touched the 2920 line and began to fall again. The current market direction has not changed, and it is still short. When the market rebounds to the top, we should go short without hesitation! Go short directly below 2928 in the Asian session!
After the previous two rounds of repeated bottoming out and rebounding, it is actually a market wash. Even with the current two rounds of rebound, the high point has not been able to break through the high point of the previous wave, which means that the shorts are in an advantageous stage, and the market is easy to fall and difficult to rise, and a new low after the intraday adjustment is just around the corner! So the intraday operation idea is to go short on the rebound!
Key points:
First support: 2902, second support: 2890, third support: 2880
First resistance: 2920, second resistance: 2928, third resistance: 2935
Operation ideas:
BUY:2887-2890, SL:2889, TP:2910-2920;
SELL:2925-2928, SL:2937, TP:2900-2890;
Gold Ready for Selloff toward 2800 Level!!(sell Setup)See how price action plays out during in the next 15 min we gonna probably see a nice fakeout from the new york volume before a further continuation to downside.
Always remember to use proper risk management.
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Gold Price Analysis: Bearish Breakdown Below Key Support at 2888Gold (XAU/USD) has broken below the strong support level of 2888, indicating a potential continuation of the downtrend. This breakdown suggests increasing bearish momentum, and traders should be prepared for further declines.
Downtrend Scenario & Targets
If the bearish pressure continues, gold is likely to move toward the following downside targets:
✅ Target 01: 2866 – A minor support level where price may consolidate before further movement.
✅ Target 02: 2855 – A stronger support zone that could act as a temporary stopping point for sellers.
✅ Target 03: 2835 – A key demand zone, where buyers may step in to slow the decline.
Possible Retracement Before Further Drop
Despite the bearish outlook, gold may experience a temporary pullback before continuing lower. A retracement toward the previous support-turned-resistance at 2888 or even 2898 is possible. If the price fails to break above these levels, it could serve as confirmation for further downside movement.
Trading Strategy Considerations
🔸 Sell on Retracement: If gold retraces to 2888 or 2898 and shows rejection (bearish candlestick patterns, wicks, or resistance confirmation), it could provide a good short-selling opportunity.
🔸 Break & Retest Confirmation: If gold retests 2888 and fails to break above, it would signal further downside movement.
🔸 Risk Management: Set stop-loss above 2900 to manage risk in case of unexpected bullish reversals.
BTC Bitcoin Dont Panic Here This Is A Perfect Measured MoveI like the line chart because it filters out the noise and only shows the close prices. As you can see Bitcoin plays out these double top measured moves almost to the T perfectly. I can go back further but I dont need to its fairly similar.
Bitcoin will bounce around here for a bit and come dow to close the 5 day at the measured move around 82k then its back to the races. We're not going to crash, its just getting started. It may wick below 82 but on a closing basis on the 5 day, which has been very accurate in its history, 82k is where the measured move is. Dont fall for the bearish we're gonna crash stuff. Bitcoin has a long way to go before any top.
Not financial advice just my opinion.
XAGUSD H4 I Bearish Drop Based on the H4 chart analysis, we can see that the price is nearing our sell entry at 32.00, a pullback resistance close to the 38.2% Fibonacci retracement.
Our take profit will be at 31.19, an overlap support.
The stop loss will be placed at 32.57, above the 61.8% Fibonacci retracement.
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(XAU/USD) on the 1-hour (1H) timeframe, showing a potential buy,(XAU/USD) on the 1-hour (1H) timeframe, showing a potential bullish setup.
Chart Details:
• Current Price: Around 2,888.57
• Technical Analysis:
• Entry Zone: Around 2,877 - 2,883 (marked in red)
• Target Zone: Around 2,923 - 2,925 (marked in green)
• Expected Movement: The chart suggests a potential bullish reversal from the entry zone, targeting the upper resistance.
• Support Level: The entry zone is acting as a key support area.
• Resistance Level: The target zone is the expected resistance level.
Conclusion:
The setup indicates a possible buy opportunity from the entry zone with a potential upside towards 2,923 - 2,925. If price holds above the support, the bullish move could play out. However, if price breaks below 2,877, downside risk increases.
Gold Bullish To ATH Of $2,964?!Bare in mind Gold is not out of its danger zone just yet. While internal structures might have turned bearish, on the bigger TF we are yet to see any huge structure turn bearish.
Price still remains within a huge range & buyers are holding above our previous ‘Wave X’ low. We could still see a schematic play out between Wave X & Wave Y. This means another ATH could be incoming👀
