GOLD trade setup looking for long.This chart is a technical analysis of the Gold Spot price (XAU/USD) on the 15-minute time frame. The analysis outlines a potential bullish trading setup, aiming for a price recovery toward the all-time high (ATH) and a final target of 3,500 USD.
Market Phase: The price has recently pulled back from a high and is currently showing signs of consolidation or minor retracement.
2. Chart Highlights:
Final Target (Take Profit):
Level: 3,500 USD
This is marked at the top of the chart and labeled as Final Target and also tagged as ATH (All-Time High).
The analyst anticipates that after a short-term retracement, the price will rise again and potentially reach this level.
Support Zone (Buy Area):
approximately between $3,443.840 and $3,442.
This is considered a demand zone or support level where buying interest might emerge.
The analyst expects the price to drop into this area and then reverse upward.
Entry Strategy:
The chart suggests waiting for the price to touch the support zone (blue area), and once signs of bullish reversal appear, enter a buy position.
Stop Loss (SL):
Clearly marked just below the support zone at $3,427.438.
Placing the SL here minimizes loss in case the market breaks the support and continues downward.
A minor drop into the support area.
A reversal and bullish continuation.
Targeting the all-time high near $3,500.
5. Risk-Reward Setup:
This trade appears to be structured with a favorable risk-to-reward ratio, aiming for a high return (from around $3,443 to $3,500) compared to the risk (down to $3,427).
Xauusdsetup
Gold hits a new high. Will it have no ceiling?Analysis of gold trend:
Spot gold continued to rise in early Asian trading on Tuesday.
Fundamentals:
On Monday, the US dollar index plunged to its lowest level in three years as Trump's remarks on Powell undermined investor confidence in US assets. The United States plans to impose new tariffs on solar products imported from Southeast Asia, and Trump's approval rating has dropped to the lowest since returning to the White House. Risk aversion has increased, and gold prices have strengthened significantly. The current global trade tensions will continue, and concerns about economic growth, inflation expectations, etc. will continue to support gold prices.
Technically:
From a technical perspective, it is difficult to see such a large upside, and in this uptrend, there is basically no room for adjustment. Therefore, it is difficult to keep up with the rise of this bullish trend. Gold does not guess the top in the bullish cycle, as long as it can give a decline, it is an opportunity to go long. From the daily chart, the big positive line in the daily K-line is pulled up, and the trend is mainly broken; the shape is bullish; the golden cross of the stochastic indicator suggests that the bulls have not ended; the MACD double lines are upward, which is the main bullish signal; the short-term 4-hour level, the current 5-day moving average support has moved up to the 3438 line, which is also the bullish support level after the normal adjustment of the market. It should be difficult to give a very strong trend, so you should be flexible in operation. Don't look at the serious divergence of MACD and the serious overbought of RSI for the time being, and you can't help but short it.
Quide's analysis: The current market rise is all due to tariffs, and the technical aspect has no great reference significance. As long as the tariffs are not relaxed, gold will be difficult to pull back. Today's gold rise is expected to rush to 3,500 US dollars. Further look at 3,520-3,550.
I am Quide. Seeing my analysis strategy, no matter the past gains and losses, I hope that you can achieve investment breakthroughs with my help and turn every tide of the gold market into our wealth wave.
GOLD New 2 Scenarios Available , Which One You Prefer ? Here is my opinion on Gold right now , after my last 2 posts on It , now i see the price need to go down a little to make any correction and i think this will happen tomorrow , so if we have a 4h Closure below my Support , we can sell it at least for 300 pips , and if we have not , then we can buy it but i prefer to sell it before buy it again , just follow the price action and then you can take you decision .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Gold is now far away from the moving averageGold's 1-hour moving average continues to cross upward bullish divergence, and the gold bullish volume is still there. After breaking through 3400, gold has basically stabilized at 3400. Gold has also tested the support near 3405 several times in the US market. Gold continues to stabilize and rise. However, gold is now far away from the moving average, and we must always pay attention to the adjustment of the high position. Gold is watching the pressure around 3461
Gold at PRZ Again – Correction to $3,227 Possible!!!Gold ( OANDA:XAUUSD ) started to rise as I expected in the previous idea and created a new All-Time High(ATH) as usual . How long do you think the upward trend of Gold will continue!? ( Please give your reasons for the rise, I would appreciate it. )
Gold is trading near the Potential Reversal Zone(PRZ) and trying to break the Uptrend line .
In terms of Elliott Wave theory , it appears that Gold has completed another 5-wave impulsive .
Signs of the completion of the main wave 5 can be the presence of Regular Divergence(RD-) between Consecutive Peaks, and the break of the Uptrend line (validly) .
I expect Gold to fall to $3,227 in the coming hours.
Note: If Gold can move above $3,420, we can expect more pumps.
Gold Analyze ( XAUUSD ), 1-hour 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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold’s Epic Surge: Why I’m Hyped for a Massive Breakout Here’s what I’m seeing with gold at $3,426, and why I’m glued to these levels just for you:
I’m betting if we smash past $3,426, gold’s sprinting to $3,454.
But if we hit a wall at $3,461, I’m bracing for a dip to $3,359. I’ve seen sellers pile in at highs before, and if they do, it’s just a quick nap before gold wakes up.
Kris/Mindbloome Exchange
Trader Smarter Live Better
XAUUSD Gold Is Surging: Technical / Macro Analysis & Trade IdeaHey traders! Let’s break down the current price action on Gold (XAUUSD) using both Wyckoff and ICT concepts, and tie it all together with the latest macroeconomic context. 🚀✨
Wyckoff Methodology:
Looking at the 4H chart, we see a classic accumulation phase that transitioned into a strong markup. The recent price action shows a clear spring (liquidity sweep) below previous lows, followed by a sharp bullish move—this is textbook Wyckoff manipulation, where smart money grabs liquidity before driving price higher. The current rally suggests we’re in the markup phase, with demand overwhelming supply.
ICT Concepts:
Liquidity Zones: The chart shows a sweep of liquidity below the recent consolidation, trapping late sellers before a powerful bullish displacement. This is a classic ICT move—liquidity engineered and then swept.
Displacement: The large bullish candle breaking above the previous range signals a market structure shift (MSS) to the upside. This is a strong sign of bullish intent.
Fair Value Gaps (FVG): The impulsive move up has likely left a fair value gap (imbalance) between 3335 and 3385.50. Price may retrace to fill this gap before continuing higher.
Market Structure: The break above the previous swing high confirms a bullish market structure. As long as price holds above the 3335-3340 zone (50% retracement), the bullish bias remains intact.
Technical Trade Setups:
Bullish Scenario: Look for a retracement into the 50-61.8% Fibonacci zone (3335-3323) for potential long entries. If price forms a bullish rejection or bullish engulfing pattern here, it could be a high-probability setup targeting the recent high (3385.50) and the next extension at 3436.
Bearish Scenario: If price fails to hold above 3335 and closes below 3320, we could see a deeper retracement toward 3284 (100% retracement) or even lower, but this is less likely given the current momentum.
Market Sentiment:
Bullish 🟢 – The strong displacement, liquidity sweep, and market structure shift all point to bullish sentiment. Buyers are in control, and any pullbacks into the FVG or key fib levels are likely to be bought up.
Macroeconomic & Fundamental Drivers:
Gold’s rally is being fueled by several key factors:
CPI & Inflation: Recent CPI data shows persistent inflation, increasing demand for gold as an inflation hedge.
Interest Rate Expectations: The market is pricing in potential rate cuts by the Fed later this year, weakening the USD and supporting gold.
Geopolitical Tensions: Ongoing global tensions (e.g., Middle East, Ukraine) are driving safe-haven flows into gold.
USD Strength: Any signs of USD weakness further boost gold’s appeal.
Summary & Trade Plan:
Gold is in a strong bullish phase after a classic liquidity sweep and market structure shift. Watch for retracements into the 3335-3320 zone for potential long setups, with targets at 3385 and 3436. Stay alert for any macro news that could impact sentiment, but for now, the bulls are in control! 🏆📈
Disclaimer:
This is not financial advice. Always do your own research before trading.
XAUUSD/GOLD: What happens when GOLD goes too high?Gold Price Soars Amid Geopolitical Tensions – Is There a Correction Coming?
As political tensions, especially the ongoing trade issues between the US and China, continue.
Showing Gold’s Safe Haven Status in These Uncertain Times.
- What’s Driving This Rise?
With investors always looking for safety and minimal risk, recent news surrounding new tariff threats and diplomatic tensions between the two economic giants has added to the interest in buying gold.
- So, Where Will the Gold Peak Stop? Is 3400 or 3500 .. the Final Peak?
🔼 Key Resistance Levels to Watch Are 3358 and 3380
4/21 Gold Trading StrategyGood morning, everyone! A brand new week begins—wishing us smooth trades and great success ahead.
Looking back to last Thursday, our gold short strategy hit the mark perfectly. Prices dropped nearly $60 as expected, and we captured around $45 in profit from that move. Overall, we secured over $200 in profit space last week—an excellent performance.
Today, gold opened higher and continues to climb. Technically, bulls still have room to push higher, with 3360 as a key resistance level. However, judging by the current momentum, we may even see a test of 3400. That said, trading is about precision, not perfection. If prices approach 3380 and the upward momentum stalls, it may be time to watch for a pullback. On the other hand, if strength continues, holding some light long positions remains a relatively low-risk strategy.
Trading Strategy for Today:
📉 Sell in the 3380–3410 range
📈 Buy in the 3307–3280 range
🔁 Flexible trades between 3360–3330 / 3272–3315
XAU/USD Longs from 3,220 or 3,120 back to ATHMy Analysis this week for gold is for it to keep pushing higher, even though gold has been overbought and we could at any time expect a major correction or distribution. We will be going on. current market structure and currently we have seen another ATH breach as well as multiple break of structures to the upside.
From these demand zones that have been created we will be looking for a small correction a retracement in which price will then re accumulate in one of our POI, to cause another rally to the upside.
Confluences for GOLD Buys are as follows:
- Demand zone on the 4hr and 6hr is near by for potential long setups to formulate.
- Market structure has been very bullish on the lower and higher time frame
- There is asian high above that needs to get taken out as well
- Dollar index has been bearish which means bullish movement for GOLD
P.S. If price breaks through both demand zones i do have an extreme one at 3,020 but if it reaches that low we could expect price to just start moving temporarily bearish.
XAU/USD "The Gold" Metal Market Heist Plan (Swing/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑💰✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry and short entry. 🏆💸"Take profit and treat yourself, traders. You deserve it!"💪🏆🎉
Entry 📈 :
"The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!"
🏁Buy entry above 3070
🏁Sell Entry below 2950
📌However, I recommended to place buy stop for bullish side and sell stop for bearish side.
Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy (or) sell stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊."
🚩Thief SL placed at 2960 (swing Trade Basis) for Bullish Trade
🚩Thief SL placed at 3050 (swing Trade Basis) for Bearish Trade
Using the 4H period, the recent / swing low or high level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
🏴☠️Bullish Robbers : TP 3260 (or) Escape Before the Target
🏴☠️Bearish Robbers : TP 2800 (or) Escape Before the Target
⚒💰XAU/USD "The Gold" Metal Market Heist Plan is currently experiencing a neutral to bullish trend,., driven by several key factors.... 👇👇👇
📰🗞️Get & Read the Fundamental, Macro, COT Report, Geopolitical and News Analysis, Sentimental Outlook, Intermarket Analysis, Index-Specific Analysis, Positioning and future trend targets.. go ahead to check 👉👉👉🔗🔗
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
"Gold’s Bullish Structure Remains Intact: $3250–$3280 Key Zone Gold is currently undergoing a technical pullback near the psychologically significant $3350 level. Historically, price action around major round-number thresholds—such as $2950, $3050, and $3250—has been followed by corrective moves, a pattern that appears consistent. If this correction concludes with another $150–$200 upside swing, it would reinforce the prevailing structural rhythm. Traders should balance historical pattern recognition with real-time market structure assessment, avoiding overfitting while identifying key trend reversal opportunities.
Gold is currently experiencing a short-term pullback within a broader bullish trend. The $3250–$3280 zone serves as a key support and pivot region; a swift recovery above this range would significantly enhance the probability of a continued upside breakout. Short-term traders should closely monitor the price action near $3280 for potential long entries, with $3250 acting as the next critical support if a breakdown occurs. The broader strategy favors buying on dips, but caution is warranted due to the potential for unexpected macro shocks. Maintaining flexibility and strict risk management remains essential.
#XAUUSD:Time to Sell Gold ? Gold experienced a record high after touching $3358, but it subsequently declined. We anticipate further price drops until it reaches $3250, representing a 1000 pips move. We expect the price to remain bearish until it reaches a specific level. We appreciate your continued support.
Wishing you a joyous Easter.
Much Love ❤️
Team Setupsfx_
4/17 Gold Trading StrategyYesterday, the escalation of the tariff issue significantly strengthened bullish momentum in gold, leading to a one-sided upward move. There’s no need for lengthy analysis today — in this kind of market condition, the focus should be on identifying sell opportunities. A sustained rally like this is almost always followed by a correction, even without any additional catalyst.
Furthermore, today’s initial jobless claims data may provide an opening for the bears. Even if the data is bullish for gold, the likelihood of another sharp rally is low at this stage.
Today’s Trading Recommendations:
Sell Zone: 3350 – 3390
Ideal for initiating short positions as gold approaches extreme levels.
Buy Zone: 3268 – 3252
Key support zone where long positions can be considered upon a pullback.
Range Trading Zone: 3330 – 3288
Suitable for flexible intraday trades based on market structure and real-time price action.
Summary:
After a strong one-sided surge, gold is now in overbought territory. Look for short setups at resistance zones, especially with potential catalysts like jobless claims data on the horizon. A healthy correction is both expected and necessary before any further sustained move upward.
XAU/USD "The Gold" Metal Market Heist Plan (Scalping/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑💰✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Pink MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout then make your move at (3185) - Bearish profits await!"
however I advise to Place sell stop orders below the Breakout level (or) after the breakout of Support level Place sell limit orders within a 15 or 30 minute timeframe most NEAREST (or) SWING low or high level for Pullback entries.
📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊."
📌Thief SL placed at the nearest/swing High or Low level Using the 30min timeframe (3240) Day/Scalping trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 3130
💰💵💴💸XAU/USD "The Gold" Metal Market Heist Plan (Day / Scalping Trade) is currently experiencing a Neutral trend (there is a chance to move bearishness).., driven by several key factors.👇👇👇
📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets... go ahead to check 👉👉👉🔗🔗
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
2 hours ago
"Gold Demand Zone Bounce – High R:R Long Setup!"📈 This is a bullish setup using a demand zone bounce strategy on the 15-minute timeframe.
Key Zones & Levels
🔵 Demand Zone:
The blue box is where price previously bounced strongly.
Buyers are likely to step in again here.
✳️ Entry Point:
3,292.38
Just above the demand zone – a safe place to catch the next bounce.
⛔ Stop Loss:
3,280.93
Below the demand zone to protect against a breakdown.
🎯 Target Point:
3,345.09
Near a previous resistance area.
Potential gain: +51.94 pts / 1.58%
Indicators
🟡 EMA (7):
Current value: 3,303.63
Price hovering around EMA = consolidation or setup for a bounce.
Risk-Reward Calculation
⚠️ Risk: 11.45 points
✅ Reward: 52.71 points
⭐ Risk-Reward Ratio: ~4.6:1
Very favorable!
Price Action Summary
📊 Strong uptrend into demand zone
🔁 Minor pullback = potential setup
✅ Ideal entry after bullish confirmation (e.g., bullish candle pattern)
Conclusion
This setup looks solid:
✅ Clear demand zone support
✅ High R:R ratio
✅ Clean target above
Just wait for a bullish signal inside the zone and ride it up!
#XAUUSD: Possible Easy 600+ Pips Buying OpportunityFollowing a substantial decline in gold prices, which dropped more than 1000 pips, there is a possibility that the price may experience a minor correction before resuming its downward trajectory. It is imperative to acknowledge that trading gold in the current market conditions carries significant risks, and there is a substantial likelihood of incurring substantial losses.
Good luck and trade safe!
#XAUUSD: $3400 On The Way! Get Ready For Record High! Gold has rebounded to previous highs, maintaining a bullish trend. We expect it to continue this momentum, potentially reaching $3400 in the long term. To set take profit, consider $3250, $3300, and $3400. Use accurate risk management and conduct your own research before trading gold.
Please support us by liking and commenting on this idea.
Team Setupsfx_
#XAUUSD: Last Four Analysis Helped US Gain Over 4000+ Pips!Next?Our previous four analysis has yielded a substantial gain of over 4,000 pips. Analysing the current market situation, we anticipate that the price may either experience a significant drop or continue its upward trajectory.
Should a resolution be achieved between the trade tariffs imposed by China and the United States, we anticipate a substantial decline in gold prices. Conversely, if the situation remains unchanged, which is the more probable outcome at present, we will have two potential trading opportunities.
The first entry involves the assumption that the price will remain unchanged and continue its upward trend. The second entry is contingent upon a correction in the price.
We extend our best wishes and express our gratitude for your unwavering support throughout our endeavours. We sincerely hope that this analysis will serve as a valuable guide for your own trading endeavours.
Much Love
Team Setupsfx_
The early bird gets the worm.The 1-hour moving average of gold has begun to turn upward. If the 1-hour moving average of gold continues to diverge upward, then the gold bulls will continue to exert their strength. After gold breaks through 3245, then 3245 has formed a short-term support for gold. After gold rises, we must wait patiently for adjustments and continue to go long.
Trading ideas: Buy gold near 3250, stop loss 3240, target 3280
"Gold Bullish Setup: From Demand Zone to 3280 Target!"🟦 Key Zones
🔵 Demand Zone (Support):
📍 Around 3,210 – 3,200
🟢 Buyers stepped in here previously, forming a base for a potential upmove.
🔴 Resistance Zone:
📍 Around 3,240 – 3,250
🚫 Sellers have rejected price from this level several times.
🎯 Target Point:
📍 3280
🚀 If price breaks resistance, this is the expected move.
❌ Stop Loss:
📍 3,195.52
🛡️ Placed just below the demand zone to minimize downside risk.
📊 Price Action & Indicators
* 🟠 Current Price: 3,225.32
* 📉 EMA (7): 3,223.57 – providing dynamic support
* 🔼 Trend: Short-term uptrend with higher lows
🧠 Trade Idea
* ✅ Entry: Around 3,220–3,225
* ❌ Stop Loss: 3,195.52
* 🎯 Take Profit: 3,280
* 📌 Risk-Reward: Favorable if resistance breaks
📈 Possible Scenarios
🔸 Scenario 1:
✨ Immediate breakout through resistance → target 3,280
🔸 Scenario 2:
🔁 Pullback to demand zone → bounce → then move toward 3,280
Gold hits a new all-time high, trend analysisEvent summary:
Tariff threats are still spreading further, and the EU expects US tariffs to continue because negotiations are progressing very slowly. At the same time, Trump administration officials hinted that most of the tariffs imposed on the EU will not be lifted.
These are the two phenomena we are currently seeing:
1. The rise in US bond yields is a typical panic, because maturing debts have to face renewal or repurchase, but in the current situation, it is obviously not possible without higher interest rates. If US bonds continue to rise, what can be used to make up for the interest gap?
2. The price of gold continues to break high, capital is seeking profits, and the US dollar credit system is further weakened. Then the alternative and safe-haven product is naturally gold. The flow of funds naturally promotes the space and possibility of gold to continue to rise sharply.
Level analysis:
After the gold surged, it continued to refresh its historical highs, and continued to maintain a high-level oscillating and strong trend along the short-term moving average on the daily trend. In the 4-hour level, the price began to break through the previous row of pressure belts, and the short-term moving average continued to diverge upwards and maintain a relatively strong trend. Pay attention to whether there is a secondary upward trend after the retracement confirmation during the day. In the short-term trend, pay attention to the support belt around 3240. The hourly level trend also maintains a good bullish divergence trend. In the current situation, try to focus on retracement and long positions. In the case of a strong market, the retracement may not be too strong. Pay attention to the short-term adjustment.
Operation strategy:
3245-55 long positions, stop loss 3240, take profit 3275.
I am Quaid, turning every tide in the gold market into our wealth wave.
4/15 Gold Trading StrategyYesterday, gold experienced a mild pullback and found support near the 3200 level. As mentioned during intraday updates, as long as 3188 holds, it remains a good opportunity to consider buying. Currently, the price has rebounded above 3220. From the candlestick formation, the trend remains strong, and there is still room for further upside. The previous high near 3245 is likely to be tested again, and there’s potential for a move towards 3260.
However, it’s important to pay close attention to the 3230–3240 zone, which was a key area of trapped long positions from last week. This supply zone hasn’t been fully tested since the last drop, and as prices revisit this area, those looking to break even may create significant selling pressure. If this pressure leads to a rejection, we could see a sharp pullback.
Structurally, a failure to break above this resistance could signal the formation of a short-term top, presenting a tactical opportunity for the bears. Conversely, if gold manages to break and hold above 3245, short-term bullish momentum may continue, though the 3250–3270 region remains a strong resistance zone.
On the downside, if prices retreat again and break below 3188, it will likely confirm a deeper correction. Key support then shifts to the 3158–3147 range, which represents a significant medium-term support zone.
Today’s Trading Recommendations:
Sell Zone: 3250-3270 – A strong resistance area, suitable for initiating short positions for aggressive traders.
Buy Zone: 3158 - 3147 – A technical support region ideal for light long entries if price pulls back.
Range Trading: 3240 -3200 and 3178 -3220 – These zones are suitable for flexible trading strategies based on real-time momentum and price behavior.
Summary:
Gold remains in a short-term bullish trend, but significant resistance lies ahead. Caution is advised when chasing long positions at higher levels. If holding short positions from the 3230+ area, avoid emotional stop-losses—patience could offer better exit opportunities as the market corrects. A bearish setup is brewing, and once a clear direction emerges, volatility may increase rapidly. Be prepared with a solid plan in advance.