Gold Price Analysis May 7Yesterday's D1 candle continued to be a FULL candle with a 100 price increase. At the beginning of the day, the market opened with a bearish price gap, showing that the market also wants to cool down and today.
Gold is sideways in the range and is running a corrective downtrend.
The support zone for BUY strategies is around 3371, this is the EMA 34 of the h1 frame and is partially supported by the trendline. The next notable area is 3352, which is the old candle wick area and also the support area of yesterday's European session.
The two SELL areas are around 3402 and the Gap opening area is 3423.
Tradingforex
EUR/CAD Short, AUD/CAD Short, USD/CHF Long and USD/JPY ShortEUR/CAD Short
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
AUD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
USD/CHF Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
USD/JPY Short
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
GBP/JPY Short, GBP/USD Short, AUD/CAD Short and AUD/USD ShortGBP/JPY Short
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
GBP/USD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
AUD/CAD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
AUD/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/CAD Short, USD/JPY Neutral, AUD/JPY Neutral and EUR/USD LongEUR/CAD Short
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
USD/JPY Neutral
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
AUD/JPY Neutral
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
EUR/USD Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
NZD/CAD Long, EUR/USD Short, CAD/JPY Short and GBP/AUD ShortNZD/CAD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
CAD/JPY Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
GBP/AUD Short
Minimum entry requirements:
• If tight non-structured 1H continuation forms, 15 min risk entry within it if the continuation is structured on the 15 min chart.
• If tight structured 1H continuation forms, 1H risk entry within it.
USD/JPY Trade Recap, AUD/JPY Long, AUD/USD Short & CAD/JPY ShortAUD/JPY Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
AUD/USD Short
Minimum entry requirements:
• If tight non-structured 1H continuation forms, 15 min risk entry within it if the continuation is structured on the 15 min chart.
• If tight structured 1H continuation follows, 1H risk entry within it.
CAD/JPY Short
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
EUR/NZD Short and USD/JPY ShortEUR/NZD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
USD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/USD Neutral, AUD/USD Neutral and EUR/AUD (Trade Recap)EUR/USD Neutral
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
AUD/USD Neutral
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
Minimum entry requirements:
• If structured 1H continuation forms, 1H risk entry within it.
EUR/USD Short, AUD/USD Short and EUR/AUD Short (Trade Recap)EUR/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
AUD/USD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/AUD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/NZD Short, GBP/USD Long, AUD/USD Short and GBP/AUD ShortEUR/NZD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/USD Long
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
AUD/USD Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
GBP/AUD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejection candles.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
SUPPORT AND RESISTANCE BREAKOUT ALERT!🚨 Attention Traders! 🚨
XAUUSD is on fire, breaking records with power! 🔥 Here's the latest:
Current Range: We're seeing a fierce battle between 3017 and 3043. Will we break out soon?
Bearish Scenario: Watch out for a possible dip below this range. If that happens, targets like 2988 and 2978 could be in play. ⚠️
Bullish Scenario: A breakout above 3043 opens up buying opportunities! Watch for movement above 3072, with targets at 3124 and 3150. 🚀
💬 Join the Discussion! What are your thoughts? Let’s ride this wave and make the most of the opportunities ahead! 💎
Donald Trump is supporting gold prices more than any factor FedWorld gold prices increased in the context of the USD's decline. Recorded at 8:45 a.m. on March 10, the US Dollar Index, which measures the greenback's fluctuations against six major currencies, was at 103.632 points (down 0.17%).
This week, market sentiment has changed significantly compared to last week, especially from the Wall Street experts. In the previous survey, only 21% of experts predicted that gold prices would increase, while 64% said that prices would decrease.
However, this week, the percentage of experts expecting gold to increase jumped to 67%, while only 5% predicted a decrease - a significant change reflecting a reversal in analysts' views.
The percentage of investors predicting gold prices to rise has increased from 45% to 67%, while the number of those expecting prices to fall has decreased from 28% to 18%.
Notably, the number of participants in this week's survey reached 251 people - the highest level in 2025, showing greater investor interest in the gold market.
Jim Wyckoff - senior analyst at Kitco - affirmed that gold prices will continue to maintain an upward trend thanks to increasing geopolitical instability. "The gold price trend remains steady, thanks to positive technical indicators and increasing geopolitical uncertainties, especially the impact of the US President Donald Trump's administration."
XAUUSD BEFORE & AFTER READ IN CAPTION XAUUSD (Gold)* with key levels marked for potential trades. The price has recently touched the *support zone* around *2,867.378*, which could offer a buying opportunity. The *resistance* is at *2,920.364*, and the *retest area* is highlighted, suggesting a potential move up if the price bounces from the support. Watch for price action near the *support* for entry and target the *resistance* for potential gains
USD/JPY (Trade Recap -0.5%) and GBP/CAD ShortGBP/CAD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H rejections.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
USD/CHF: Avoiding a false dichotomyThe US dollar is in a correction of its uptrend (see EUR/USD, GBP/USD, AUD/USD etc)
Do we really face a linear option of fade or no trade?
Actually, it might be a false dichotomy .
Going long EUR/USD and GBP/USD (i.e. selling USD) would mean fading the major trend (as per the weekly charts).
But going short USD/CHF (i.e. also selling USD) would not be a counter trend trade because USD/CHF is in a trading range. Selling below resistance in a trading range is a high probability setup.
We can see the topping process on the daily chart, with 0.90 as the broken neckline.
Here the risk is well defined - if the price pops back over 0.90 - the breakdown trade is no longer on but while below 0.90, 0.88 is a natural target as the last major support area and the 30 week moving average.
But - as always - that’s just how the team and I are seeing things, what do you think?
Share your ideas with us - OR - send us a request!
Drop a comment
cheers!
Jasper
GBP/CAD Short, EUR/NZD Long and USD/JPY ShortGBP/CAD Short
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry or 1H risk entry after 2 x 1H high tests.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/NZD Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight non-structured 1H continuation follows, 15 min risk entry within it if the continuation is structured on the 15 min chart or reduced risk entry on the break of it.
• If tight structured 1H continuation follows, reduced risk entry on the break of it or 1H risk entry within it.
USD/JPY Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
USD/JPY ShortUSD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight non-structured 5 min continuation follows, reduced risk entry on the break of it.
• If tight structured 5 min continuation follows, reduced risk entry on the break of it or 5 min risk entry within it.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
USD/JPY Short and EUR/NZD LongUSD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
EUR/NZD Long
Minimum entry requirements:
• Break below area of value.
• 1H impulse up above area of value.
• If tight non-structured 15 min continuation follows, 5 min risk entry within it if the continuation is structured on the 5 min chart or reduced risk entry on the break of it.
• If tight structured 15 min continuation follows, reduced risk entry on the break of it or 15 min risk entry within it.
USOIL it will go down and then up the price movement of WTI Crude Oil (USOIL) on a daily timeframe. It highlights a range between approximately 66.70 and75.21, suggesting potential price targets. The market is currently trading near the 71.41 level, within this range. A breakout above75.21 could indicate a bullish trend, while a drop below $66.70 might signal a bearish move. The chart suggests a period of consolidation with possible directional movements in the near future.