Bearish drop?XAU/USD is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 2,925.63
Why we like it:
There is a pullback resistance level.
Stop loss: 2,953.39
Why we like it:
There is a pullback resistance level.
Take profit: 2,876.15
Why we like it:
There is a pullback support level.
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Xau-usd
Could the Gold drop from here?The price is reacting off the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 2,900.98
1st Support: 2,863.32
1st Resistance: 2,926.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAU/USD (Gold) Trendline Breakout (10.03.2025)The XAU/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2877
2nd Support – 2860
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Gold has a strong bullish momentum, could it rise from here?The price haas bounced off the pivot and could potentially rise to the 1st resistance.
Pivot: 2,859.06
1st Support: 2,790.01
1st Resistance: 2,989.91
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAU/USD Bullish Flag (06.03.25)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 2949
2nd Resistance – 2969
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Bearish drop?XAU/USD has reacted off the resistance level which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,925.63
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 2,953.39
Why we like it:
There is a swing high resistance level.
Take profit: 2,880.98
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GOLD to continue in the downward move?Gold - 24h expiry
Our short term bias remains negative.
The trend of higher intraday lows has also been broken.
Offers ample risk/reward to sell at the market.
50 1hour EMA is at 2871.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
We look to Sell at 2874.5 (stop at 2895.1)
Our profit targets will be 2820.8 and 2809.8
Resistance: 2876.6 / 2890.0 / 2910.0
Support: 2855.0 / 2832.4 / 2815.0
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Bearish drop?The Gold (XAU/USD) is reacting off the pivot and could drop to the 1st support that is slightly above the 50% Fibonacci retracement.
Pivot: 2,879.45
1st Support: 2,788.35
1st Resistance: 2,952.32
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop for the Gold?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,882.39
Why we like it:
There is an overlap resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss: 2,924.57
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 2,830.85
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GOLD (XAU/USD) – Breakout or Deeper Pullback?Hello, Traders! 👋
What are your thoughts on gold?
Gold remains in a robust uptrend, with each downturn providing a buying opportunity inside the trend.
The ideal strategy at this point is to wait patiently for a price pullback to support levels before starting a buy position.
Another method is to wait for a break above the most recent high before buying on a pullback to the broken level.
The bullish trend continues, but trades must be performed with correct risk management and confirmation indications.
What is your opinion on gold? Do you anticipate further growth?
🚀 GOLD (XAU/USD) – Breakout or Deeper Pullback? 🔥
💰 Gold Spot (XAU/USD) - 8H Chart Analysis
🔍 Market Insights:
🔹 Strong Uptrend: Gold continues to hold its bullish momentum, respecting the ascending trendline.
🔹 Key Resistance Zone: The $2,945 - $2,960 area has been acting as a supply zone (black box).
🔹 Fibonacci Support: Price recently tested the 0.236 Fib levels ($2,902 & $2,871), which align with a key demand zone (yellow box).
📈 Two Potential Scenarios:
📌 Bullish Breakout: If price holds above the trendline & reclaims resistance, we may see a breakout towards $2,980 - $3,000 🚀.
📌 Deeper Pullback: If support breaks, we could see a correction to $2,875 - $2,850 before a stronger reversal.
📊 Key Levels to Watch:
✅ Support: $2,902 - $2,871 (Fib Levels & Trendline)
✅ Resistance: $2,945 - $2,960 (Supply Zone)
💬 Do you think gold will break out or dip before the next leg up? Drop your thoughts below! 🔥👇
#gold #xauusd #forex #trading #priceaction #technicalanalysis
XAU/USD (Gold) Trendline Breakout (21.02.2025)The XAU/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2904
2nd Support – 2880
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Potential bearish drop?The Gold (XAU/USD) is reacting off the pivot which lines up with the 161.8% Fibonacci extension and could drop to the 1st support which has been identified as an overlap support.
Pivot: 2,953.33
1st Support: 2,882.38
1st Resistance: 2,979.66
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold is boring? Until it moves! – PipGuard Guide PT. 3 🔥 Gold is boring? Until it moves! – PipGuard Guide PT. 3 🔥
📢 Let's talk: FOLLOW ME, COMMENT, and DROP A BOOST! Because in here, we help each other and we mean business! 💪🔥
Welcome to the PipGuard Guide , the only one that tells it like it is: no filters, no fairy tales, just a pinch of sarcasm. Gold is playing hard to get (what a shock, right?), but trust me, sooner or later, it wakes up—and when it does, fireworks will follow.
🎯 Key levels to watch:
🚀 Bullish resistances: $2947 / $2943
🛠️ Bullish support: $2924
📉 Bearish resistances: $2918 / $2906
⚔️ Make-or-break level: $2906-$2905 ➜ Above? Bulls take charge. Below? Bears lurking.
💎 PipGuard Targets:
🎯 Bullish Premium: $3015
🔻 Bearish Premium: $2856
Watch out for $2906: that’s the thin line between paradise and disaster.
📌 If we hold above: bulls have room to run, aiming for $3015.
📌 If we break below: bears take over, dragging us down to $2856.
💡 So, what’s the move? Wait for a strong signal, then act—no hesitation. We're dancing above $2906, but if we slip… expect a hard fall. The market is either slapping us in the face or rewarding us with solid gold. And you? Ready to take your position?!
🔥 DROP A BOOST and COMMENT BELOW! What do you think? Sleeping gold or ready to strike? See you on the battlefield!
🚀 PipGuard
Gold (XAU/USD) Technical Analysis – February 18, 2025Trend : Gold is in a strong uptrend, trading within a rising channel.
The price has consistently respected the green trendline (support).
Higher highs and higher lows confirm bullish momentum.
Key Levels:
Support: $2,750, $2,650 (major swing lows)
Resistance: $2,950, $3,000 (psychological level)
Technical Patterns:
There are multiple bullish breakouts from consolidation zones, marked by red resistance trendlines. The recent breakout above $2,850 suggests a continuation toward $3,000.
Ascending channel formation with a possible breakout to $3,250 in the long term.
Indicators:
Bollinger Bands: The price is riding the upper band, showing strong buying pressure.
Momentum: Continues to favor bulls unless there’s a breakdown below $2,850.
1-Hour Chart (Second Image) Analysis
Short-Term Trend:
Gold recently retested support around $2,880 and is consolidating.
Price is trading above the green trendline, maintaining a bullish structure.
Bearish Pullback Areas:
The bearish wick at $2,940 suggests rejection from strong resistance.
A break below $2,880 may signal a temporary correction toward $2,850.
Key Intraday Levels:
Support: $2,880, $2,850
Resistance: $2,940, $3,000
Possible Setups:
Breakout Buy: Above $2,940 → Target $3,000.
Support Buy: Around $2,880–$2,850 with stop loss below $2,840.
Short-term Sell: If price rejects $2,940 again, targeting $2,880.
Trading Ideas & Strategy
1. Swing Trading (Daily Chart Perspective)
Long Entry: Buy on a pullback near $2,850–$2,880, targeting $3,000–$3,250.
Stop Loss: Below $2,820.
2. Intraday Trading (1H Chart)
Buy: If price reclaims $2,940 → Target $3,000.
Sell: If price rejects $2,940 again → Target $2,880 with a stop loss at $2,955.
3. Risk Management
Keep SL tight (~$20-$30 range) due to Gold’s volatility.
Use trailing stop loss to secure profits as price moves higher.
Conclusion
Bullish Trend Dominates: Gold remains in a strong uptrend, and as long as it holds above $2,850–$2,880, buying dips remains the best approach.
Short-term Rejections Possible: If resistance at $2,940 holds, a small pullback may happen before another push higher.
Long-term Target: $3,000–$3,250 remains achievable in the coming weeks if bulls maintain control.
Bullish bounce?The Gold (XAU/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 2,790.01
1st Support: 2,721.96
1st Resistance: 2,929.89
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off pullback resistance?XAU/USD is reacting off the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,908.42
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Stop loss: 2,943.41
Why we like it:
There is a swing high resistance level.
Take profit: 2,880.64
Why we like it:
There is an overlap support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
XAU/USD (Gold) - H1 Chart - Channel Breakout (12.02.2025)The XAU/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2835
2nd Support – 2797
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🎁 Leave a comment to support for My Post !
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Best Regards, KABHI_TA_TRADING
Thank you.
Bullish momemtum to extend?The Gold (XAU/USD) is falling towards the pivot which lines up with the 61.8% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 2,873.49
1st Support: 2,839.87
1st Resistance: 2,917.79
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold, boring? I don’t think so! PipGuard’s Guide PT.2 Gold, boring? I don’t think so! PipGuard’s Guide PT.2 ✨
Hello, friends! 😎
Have you already read Part 1 ? If not, I encourage you to check it out right now! I’d love to hear your thoughts and, most importantly, see if you’ve placed your trust in your friend PipGuard. Come on, trust me now , won’t you? 😜✨
Before we start: an important reflection 🧐
Always evaluate the quality of information ! Don’t settle for pretty charts or superficial analysis. Dig deeper , stay curious , and, most importantly, be consistent . If you find my analyses useful, let me know with a comment or a boost . Every feedback is like gold … just like our protagonist today! 😏
Good morning again, everyone! 🌅
I’ve been a bit less active here on TradingView lately, but I’ve been working hard on my project. I haven’t forgotten about you, I promise! Those who follow me know that PipGuard never stops . 💪🔥
Today, we’re back with the second part of my gold analysis. The first part? Well, it performed perfectly as predicted… but is that really surprising? We are PipGuard! 😜 So, my friends, we are in an uptrend . Surprised? I wouldn’t think so! The price seems to be heading towards $3000 , just to add a little spice to the global economy. Don’t worry, we’ve got this covered! 💎
Note: This analysis is NEUTRAL 🧐
We have 2 possible options . Even though we are in an uptrend , nothing can be ruled out . Let’s follow every detail carefully.
Flashback: When we were at $700...
Many were expecting a drop as soon as we hit $800 . And yet… surprise! Not only did the price not fall, but it kept climbing, reaching a whopping $2900 . So, beware: the most obvious things are often the most costly . Think about it. 🤔✨
Today’s analysis: let’s focus on the latest impulse! 📈
The latest key movement ranges between $2835 and $2942 . Now, let’s break it down and analyze:
- Bullish Fibonacci : Between $2875 and $2860 , where the price might be attracted and reverse upward.
- Bearish liquidity :
1. First zone: $2896 – potential reversal point at the end of the retracement.
2. Second zone: Between $2887 and $2877 .
3. Third zone: Between $2870 and $2865 .
- If the price doesn’t react in these areas, watch out for the next liquidity zone! 😏
And to the upside? 🚀
- First confirmation: A close above $2911 – the first bullish signal.
- Second hurdle: Bearish liquidity between $2918 and $2921 . A close above this level? Bullish confirmation , and the target becomes the all-time high! 🎯
Let’s recap the key levels 🔑 :
- Pivot level: $2910 .
- Above: Bullish .
- Below: Bearish .
🎯 PipGuard’s exclusive targets:
- ** Bullish **: $2960-$2950 .
- ** Bearish **: $2865-$2860 .
If you enjoyed this analysis, leave a boost or a comment ! 📬 Every piece of feedback motivates me to keep delivering my best. See you soon, my friends.
Best regards, PipGuard 🚀💛
I’m already in the trade: entries at $2916/$2913/$2910 short .
XAUUSD 9/2/25XAU is running bullish for the sixth consecutive week. We called for a new all-time high last week and the week before. If new highs form, we will shift our attention to them, but as it stands, we are anticipating another all-time high. Gold is being driven by fundamentals as well as a strong potential for gains based on past performance.
We now look to Orion for the daily bias, and as expected, it remains bullish. Based on this, we have key lows marked on our chart, with the third being a high-volume low. From our understanding, we expect a counter-trend move to start the week before continuing with more long positions. If price reaches our lower areas, we will look for the correct entry to follow through on these moves.
Trade your plan and manage your risk. Always follow Orion.
Gold can reach resistance line again and then start to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see that the price started to drop from the resistance line and quickly declined to the 2625 support level, aligning with the buyer zone before briefly dipping below it. After that, the price reversed and began to climb within an upward channel, eventually reaching 2625 again and breaking through both this level and the resistance line. However, Gold soon pulled back and consolidated within the buyer zone for a while. It then slightly corrected below this area before resuming its upward movement, ultimately breaking through the 2625 level. After a retest of the support level, Gold trended higher along the channel’s support line for an extended period before bouncing up to 2785, which aligned with a support area, followed by a minor pullback. Gold then dropped to the channel’s support line before making a strong impulse move toward the resistance line, breaking the 2785 level and successfully retesting it. Recently, the price has undergone a correction but continues to push higher. Based on this structure, I anticipate that Gold will rise toward the resistance line once again before reversing and heading down toward the channel’s support line. Given this scenario, my target is set at 2815, which aligns with the channel’s support. Please share this idea with your friends and click Boost 🚀