Gold price breakout – What’s Next?The XAU/USD 2-hour chart reveals an exciting breakout from the previous downtrend channel, signaling a potential trend reversal. The 34 EMA and 89 EMA continue to provide solid support, while buyers are holding firm within the consolidation zone.
Two Key Scenarios Ahead:
✅ Case 1: If gold breaks out of this consolidation box, we could see a strong bullish continuation toward $2,950 - $2,970, and possibly even higher.
⚠️ Case 2: However, if price fails to sustain above this range, a retracement to $2,880 - $2,850 is on the table.
With geopolitical tensions rising and economic uncertainty driving investors toward safe-haven assets, will gold break higher, or are we in for a deeper pullback?
📉📈 What’s your outlook on gold? Bullish or bearish? 🚀👇
Metals
XAUUSD: 6/3 Today's Market Analysis and StrategyGold technical analysis
Daily chart resistance 2957, support below 2892
Four-hour chart resistance 2930, support below 2887
One-hour chart resistance 2930, support below 2912
Gold news analysis: As the US tariffs on many countries continue to take effect, and more tariff plans for Europe and other countries are about to be implemented, gold's position as a safe-haven asset remains solid. Earlier this week, US President Trump imposed a 25% tariff on Canada and Mexico. However, to the surprise of the market, US Commerce Secretary Howard Lutnick hinted that some tariff relief may be provided to the two US neighbors. According to Bloomberg, Lutnick said in an interview with Fox Business Channel that there may be a way to reduce some tariffs. This news may put some pressure on the upward trend of gold prices in the short term. As tensions in the physical market ease, the extreme dislocation of gold prices is fading, indicating that the craze for shipping gold to the United States may have peaked. This change in supply and demand dynamics may also have an impact on the recent trend of gold prices. US Treasury yields have rebounded slightly, although there is still a long way to recover. The change of yield rate usually shows an opposite relationship with the gold price, which is also one of the factors that the market pays attention to.
Gold operation suggestion: Yesterday, gold experienced a wide range of long and short fluctuations in the volatile trading. The price rebounded slightly in the Asian and European sessions. The European session was suppressed below 2922 and fell back and fell. The US session accelerated downward and broke through the 2900 integer mark to reach 2894 and stabilized and began to rebound. Finally, it broke through the 2929 mark and began to fall and consolidate. The overall gold price formed a wide range of long and short fluctuations around the 2894-2929 mark.
From the current trend analysis, today's lower support continues to focus on the one-hour level 2912 first-line support and the daily level support 2892. The upper pressure focuses on the vicinity of 2930. Continue to rely on this range to participate in high selling and low buying during the day, and wait patiently for key points to enter the market.
Buy: 2892near. SL:2887 (can be entered repeatedly)
Buy: 2900near. SL:2895 (can be entered repeatedly)
Buy:2912near. SL:2908
Sell:2930near. SL:2935
Gold - 1H TF (UPDATE)Still keeping an eye out for possible buy's in the short term towards a new ATH at $1,963. Pending LQ sitting at $2,955.
But overall, we're bearish in the mid term so will adapt & also keep an eye out for market structure shifting to bearish. Current market structure is very choppy so I know we a lot of buyers & sellers are getting liquidated around this zone.
Gold update: the uptrend remains strong!Gold price is sitting at one-week highs near $2,930 early Thursday, consolidating a three-day recovery while aiming for a retest of lifetime highs of $2,956 ahead of mid-tier US economic data releases.
As mentioned on the chart, the uptrend remains intact, with the 34.89 EMA acting as strong support and the parallel channel effectively protecting buyers. Therefore, gold is still considered a safe investment, with a high likelihood that the upper resistance level of the trend channel will soon be confirmed.
What about you? What are your thoughts on gold?
Others fled in panic, we entered bravely and succeeded againFriends who followed me to go long in the 2905-2910 area, I made a profit of 130 pips this time, which is a good trading result. It has been proven to be effective. Others are still waiting and watching. I directly went long on gold. This wave of operations is a sure win. Just wait and count the money.
When everyone is afraid, according to market analysis, it is our opportunity to lay out. Others hesitated before the rise of gold, but we firmly went long and embraced this counterattack of wealth with a fearless attitude. The uncertainty of the market is the plight of the weak, but it is the stage of the strong. When others are deterred by the trend of gold, we decisively go long and interpret the extraordinary investment vision with actions. When everyone dares not to go long on gold, we have quietly entered the market and waited for the wave of wealth to surge.
This is the fast trading strategy, a beacon on the road, guiding your direction and allowing you to see the road clearly in the dark. If you are interested, you can join my article channel at the bottom.
Gold (XAUUSD) - Inverse Head & Shoulders Breakout Setup!Hello everyone, i hope you all will be doing good in your life and your trading as well, let's discuss about Gold and it is showing a strong bullish setup with an inverse head and shoulders pattern on the 1-hour chart . This means buyers are stepping in , and a breakout above the $2,930-$2,932 neckline could push prices higher toward the next resistance at $2,954-$2,960 . A stop-loss around $2,910-$2,906 can help manage risk in case of a pullback. Watch for volume confirmation when the breakout happens—it’ll add more strength to the move!
If Gold breaks out and holds above the neckline , we could see a good upside rally as buyers take charge. But if it fails to sustain, we might see some consolidation or even a drop. Best approach? Wait for a clean breakout and retest before jumping in. Stay sharp, manage risk, and trade smart!
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
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Gold shorting is in place, waiting for the moment of breakthrougThe short position is already in place. Although the gold price is not volatile at the moment, this is just the rhythm before the storm. Stay patient and don't be anxious because of the temporary stillness. The balance of the market will eventually tilt in the direction we expect, and rich returns are waving not far away.
Go long gold first, then go short gold!!!Go long first and then go short
At present, gold has fallen back from around 2926 and touched around 2900. Although it has been slightly punctured, it has not effectively fallen below 2900. The support area of 2900-2890 that I suggested is still valid; and in the process of gold falling back, it is more conducive to long funds waiting for opportunities to enter the market to increase liquidity, and it is more conducive to gold continuing to rise or even breaking through the resistance area near 2930 after technical adjustments and accumulating momentum. So in short-term trading, I advocate going long gold. We can go long gold in the 2905-2895 area, and I have executed this trading plan, expecting gold to rise and bring us huge profits.
I always believe that profitability is the criterion for measuring strength. I want to tell you that I never talk in vain. Everything is based on transaction data. Brothers, profit is the ultimate goal of trading. Accumulating profits is what changes life and destiny. Wise choices are far more important than hard work. If you want to copy trading signals and earn stable profits, or want to learn in depth about correct trading logic and techniques, you can consider joining the channel at the bottom of this article.
Gold Intraday Expectations Long/BuyGold trading at 2904.xx when we were publishing the analysis.
Gold has challenged PDL 2894 moved below to 2892.xx and bounced sharply to 2905 by now. As per our readings we have 2 important levels today to watch, one is 2992 that is under the consideration that it may break down if gold remains below 2916 and fall towards 2877/2871 can open that can be considered a good buying range/level. On the upside we expect gold can challenge PDH at 2929.
Our analysis suggests fall around 2877/2871 is possible that can be bearish target and from where bounce to 2916/2929 is possible that our Main Goal/Target for now.
Trade as per your plan and if you like our idea do share your feedback.
Remaining Bullish on Goldyesterday was the Non Farm Payroll news. Price stalled till it was time for news then pulled back to fill in a H4 Gap. Now I'm looking for price to continue bullish. There is not Area that they did not fill in so I'm thinking they might just come out the gate running soon as we are inside of the killzone. waiting for the killzone is the key though.
Platinum at Key Support Zone – Will Buyers Step In?OANDA:XPTUSD is approaching a significant support zone, marked by prior price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in.
If the price confirms support within this zone through bullish price action—such as long lower wicks or bullish engulfing candles—we could see a reversal toward 978.700, a logical target based on previous market structure and price behavior.
However, if the price breaks below this support zone and sustains, the bullish outlook would be invalidated, potentially leading to further downside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Gold's Resistance Battle: Breakout or Reversal?Gold ( OANDA:XAUUSD ) is moving near the Resistance zone($2,896-$2,878) .
According to the theory of Elliott waves , Gold seems to have succeeded in completing microwave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to go down at least pivot points after breaking the Uptrend line , and in the next stage , the Support zone($2,845-$2,830) can be the next target .
Note: If Gold can go over the Resistance zone($2,896-$2,878), we can expect more pumps.
Gold Analyze ( XAUUSD ), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
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Go long on gold 05-10, and continue to go long in the short termRecently, the market is also fermenting around the new US tariff policy and the US-Ukraine mineral agreement, which has triggered the Russian-Ukrainian war. Things that should have been clear have not been implemented, which has led to increased uncertainty. In addition, the Federal Reserve also plans to accelerate the pace of interest rate cuts due to the increased risk of economic downturn, so the current market trend is also very repeated. In terms of operation, it is still a repeated shock pattern before the non-agricultural data. From the trend point of view. Comparing long and short positions, long positions are still slightly stronger. At present, the gold price fluctuates in a narrow range around 2900. There is no major news to boost or suppress the gold price in the short term. Therefore, after consuming a certain amount of short-selling power, the bulls will regain control of the situation, and there will be very good trading opportunities for long gold. Now we are long gold around 2905-2910. The target is 2918-2928 area, wish us good luck! Brothers, have you followed me to go long on gold?
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GOLD → The calm before the NFP torm! What’s next?OANDA:XAUUSD is currently trading within the 2926 - 2894 range, signaling a pause after its recent strong uptrend. If a false support breakdown occurs, the market could quickly revert, especially amid signs of a recovering USD.
However, a weaker dollar and expectations of a Federal Reserve policy shift toward easing continue to support gold demand. Despite the temporary suspension of Trump’s tariff measures, the precious metal remains in focus as a safe-haven asset.
Traders are now closely watching the NFP report, which could dictate the dollar’s future trajectory and influence Fed policy decisions. In the short term, attention will be on Initial Jobless Claims data, which may provide early signals about the U.S. labor market.
Technical Outlook
-Gold remains within the 2926 - 2894 range, potentially testing liquidity near the 2894 support zone.
-An unfilled fair value gap (FVG) below 2894 could lead to a brief dip before a rebound.
-Given the bullish long-term trend in gold and the ongoing dollar weakness, the probability of a price recovery remains high.
In this scenario, gold may fake out a breakdown, grab liquidity near support, and then resume its broader uptrend.
Best regards, Bentradegold!
Now is the best time to short gold prices!At present, the price of gold fluctuates in a narrow range around 2926. There is no major news to boost or suppress the price of gold in the short term. From the trend, it is obvious that the rebound of gold is not enough to support the continuation of the rebound and breakthrough of gold. Therefore, after consuming a certain amount of bullish power, the bears will regain control of the situation.
So in the short term, you can still try to short gold again. I have already shorted gold around 2920-2930. The target is 2918-2908 area. Wish us good luck! Brothers, have you followed me to short gold?
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Gold real-time market trend analysis and operation suggestionsGold technically experienced a wide range of long and short fluctuations in the volatile trading. The price rebounded slightly in the Asian and European sessions, and then fell below 2922 in the afternoon European session. In the evening, the US session accelerated downward and broke through the 2900 integer mark to reach 2894, stabilized and rebounded. In the early morning, the gold price ushered in a deep V rebound and pierced through the 2929 mark, fell and closed in volatility.
Gold is currently temporarily maintaining a range of oscillations and repairs on the daily trend, and the current price is temporarily compressed between 2890-2930. From the perspective of the 4-hour chart, the MACD kinetic energy column is weakening, that is, the bullish force is weakening, and the KDJ is obviously blunt and weak. There is still an opportunity for rebounding to short at a high level in the subsequent market. Gold is still fluctuating in a large range in 1 hour. Gold bulls did not break upward overnight, so the confidence of gold bulls is not very sufficient. Gold was still under pressure from the 2930 line last night under the stimulation of risk aversion. In the short term, the gold price is likely to continue to maintain a wide range of fluctuations around the 2890-2930 area. If it breaks, it needs to follow the trend and deal with it. You can continue to pay attention to the resistance strength of the 2930 position above. In terms of operation ideas, it is recommended to focus on rebound shorting. The short-term focus on the 2920-2925 line resistance above and the short-term focus on the 2890-2885 line support below.
This is the fast trading strategy, a beacon on the road, guiding your direction and allowing you to see the road clearly in the dark. If you are interested, you can join my bottom article channel.
Those who are long gold or want to go long remember to readAt present, the candlestick chart is in an undoubted bullish trend, with large positive lines at the bottom rising one after another, showing a strong trend all the way north. The continuous large positive lines have consolidated the foundation of the bulls. Although the market has seen a large negative line drop during the period, the positive line has quickly and strongly pulled up, and has now completely engulfed the negative line entity, forming a typical bullish engulfing pattern, which is undoubtedly a strong signal that the upward trend is further strengthened. At the same time, the 50-day moving average continues to maintain an upward rhythm, and the 2908 point support level is as solid as a rock. This point is an excellent opportunity to enter the market.
The gold four-hour line continues to show the phenomenon of positive lines engulfing large negative lines. This candlestick chart pattern is usually regarded as a strong reversal signal, which means that the bulls are rising strongly and gradually regaining market dominance. It is a wise choice to follow the trend and arrange long orders at the key support level of 2908. It has effectively blocked the short-selling offensive many times and has strong support. Going long at this position is expected to make rich profits in the continuation of the bull market. Go long at 2908, target 2918-2928-2938.
This is the fast trading strategy, a beacon on the road, guiding your direction and allowing you to see the road clearly in the dark. If you are interested, you can join my article channel at the bottom.
GOLD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
We are targeting the 2,925.549 level area with our long trade on GOLD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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Gold, beware of a high-rise fallGold maintained a shock-washing mode yesterday, but eventually pulled up again to around 2930. In yesterday's article, the emphasis was on the idea of going long. Yesterday, we saw gold fall in the morning and evening, both suggesting going long. No matter how the market moves, no matter how the main force washes, direction is above all else, and the point determines the outcome. In a shock market, although it is bullish, once it enters the middle position, it will be extremely passive, so it is necessary to get stuck and be patient.
At present, from the technical trend, this wave of rise has been under pressure near 2930, and the short-term upward momentum is insufficient. The short-term maintains a high-level shock operation. Although it broke a new high yesterday, the momentum was obviously insufficient. After being under pressure near 2930, it fell again. It is not recommended to continue chasing highs in the short term. According to the current trend, there is a high probability of shocks around a high-level large range. Even if it does not break through, the short-term is just a callback again, and the possibility of a sharp drop is not great. The gold price will continue to shock in a high-level large range, and the medium-term trend is still bullish.
Operation plan, the long positions last night are still held after reducing positions. Today, focus on whether it will break through 2930 again. If it still cannot break through 2930 to create a new high, all long positions need to be exited. If it breaks through 2930 again, it is not recommended to chase high. The strong pressure area above is concentrated in the 2930-2945 area, and the possibility of a sharp rise in the short term is not great. In the short term, once the pressure area is touched and a short signal appears, the short-term intraday short-term can wait for the opportunity to go short and see the support area below the retracement is concentrated in the 2900-2890 area. At the same time, this area is the area where pressure turns to support after the breakthrough. Therefore, to do more, you also have to wait for the retracement to this area again before there is room for operation. Since it has been characterized as a volatile market, do not chase the rise and sell the fall, and wait patiently for the operation position.
Trade Idea: XAUUSD LONG (BUY LIMIT)Technical Analysis:
1. Trend Analysis:
• 1H Chart: Clear uptrend with a pullback and price stabilizing near 2918.
• 15M Chart: Price has been consolidating after a recovery from a dip.
• 3M Chart: Market is forming higher lows, showing strength.
2. Indicators:
• MACD:
• 1H Chart: Bullish momentum, MACD line above signal line.
• 15M Chart: MACD recovering from a dip.
• 3M Chart: Weakening bearish momentum, signaling potential reversal.
• RSI:
• 1H Chart: 53.84 (neutral, with room for upside).
• 15M Chart: 50.50 (balanced, indicating neither overbought nor oversold).
• 3M Chart: 57.78 (leaning bullish).
3. Support & Resistance Levels:
• Support: 2910, 2895
• Resistance: 2928, 2946
Fundamental Analysis:
• Gold’s recent movement is supported by:
• Dollar weakness due to expectations of Fed rate cuts.
• Geopolitical uncertainty keeping gold as a safe-haven asset.
• U.S. Treasury Yields stabilizing, giving gold more upside room.
Trade Execution:
• Entry: 2918
• Stop Loss (SL): 2908 (10 points)
• Take Profit (TP): 2938 (20 points)
• Risk-Reward Ratio: 2:1
Rationale for Trade:
• Momentum is bullish across timeframes.
• Good confluence of technical and fundamental factors supporting upside.
• Risk is well-managed with a strong RRR of 2:1.
FUSIONMARKETS:XAUUSD