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Xauusdshort

XAUUSD: BUYThe momentum above is strong, and the New York market is about to close, so the increase still needs to be driven by the Asian market. Today's highest price is 2936. If XAUUSD falls back to 2933-2930, I think this is the last time to buy before the market closes, just as the reason for buying below 2900 mentioned before the market closes yesterday is the same. The price of XAUUSD still has a lot of room to rise. Subsequent markets are needed to show the increase on the chart. If you didn't see what I posted yesterday and didn't follow it, then remember not to miss such an opportunity today.
TVC:GOLDLong
by JAKE_T0
XAUUSD: Buy gold again to get excess profitsBefore the market closed yesterday, the continuous announcement of the recommendation to buy XAUUSD below 2900 began. As of now, the gold price has risen to 2933. For those who pay attention to trading opportunities and execute buy orders, this is a good profit. At present, the price of gold is around 2932. I think the momentum of gold's short-term rise is still very strong. Before that, when the price of gold fell back to 2916 and 2925, buying opportunities were released respectively. I believe that many people followed the precise instructions and made good transactions. If you continue to hold a buy order, don't worry about continuing to hold it. If you are still on the sidelines, you can buy at the current price and wait for the rise of XAUUSD. The target is to close near 2940 and then lock in profits. If you are a short trader, you can sell XAUUSD near the high pressure position above 2940 and wait for a technical pullback. You can leave me a message at any time if you have any questions. I will reply in time when I see it. If you don't want to miss any real-time news. It is best to keep paying attention to avoid missing important trading opportunities and regret it.
TVC:GOLDLong
by JAKE_T0
GOLD Approaching Key Resistance – Potential Drop to 2,911$OANDA:XAUUSD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers regain control. The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 2,911 level, which represents a logical target within the current market structure. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
OANDA:XAUUSDShort
by DanieIM
1
Gold in Correction Mode – How Low Can It Go!?As I expected in the previous post , Gold ( OANDA:XAUUSD ) started to decline from the Potential Reversal Zone(PRZ) and with good momentum . Gold is moving near the Resistance zone($2,916-$2,905) and the 100_SMA(1-hour) . 100_SMA(1-hour) was an important support for Gold so that every time Gold hit this moving average, it started to increase. Also, Gold's movements seem to be corrective since the market opened . According to the theory of Elliott waves , it seems that Gold is in Corrective Waves , and according to Gold's falling momentum , it is possible that Gold will have a Zigzag Correction(ABC/5-3-5) in front of it. In addition, if you look at the Gold chart in the 4-hour or Daily time frame , you will notice that there is a possibility of Adam & Adam Double Top Pattern(AADT) . I expect Gold to attack at least the Support zone($2,890-$2,879) in the coming hours, and if this zone breaks , we should wait for Gold to drop to at least $2,865 . Note: If Gold can go above 100_SMA(1-hour) again, or rather, if Gold touches $2,920, we should expect more pumps. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 1-hour time frame. Do not forget to put 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.
OANDA:XAUUSDShort
by pejman_zwin
10
Gold short term recovery, bulls try⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: US real yields, which typically move opposite to gold prices, fell by four basis points to 2.039%, providing support for XAU/USD. Meanwhile, the World Gold Council (WGC) reported that central banks acquired over 1,000 tons of gold for the third year in a row in 2024. Following Trump’s election victory, central bank purchases soared by more than 54% year-over-year, reaching 333 tons, according to WGC data. ⭐️ Personal comments NOVA: Short recovery at the beginning of the week, still in the accumulation process, no important news, gold is not affected too much ⭐️ SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2916 - $2918 SL $2921 scalping TP1: $2912 TP2: $2907 TP3: $2900 🔥 SELL GOLD zone: $2940 - $2942 SL $2947 TP1: $2930 TP2: $2920 TP3: $2910 🔥 BUY GOLD zone: $2878 - $2880 SL $2873 TP1: $2885 TP2: $2892 TP3: $2900 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
Long xauusd again made a big profitAfter the last transaction, the order successfully reached tp. The trader who followed made a good profit on the last transaction because the increase was more than 30 p. The current position of gold price is around 2930, facing the upper pressure level. Combining technical indicators and trend lines to judge that the short-term gold price will be blocked and then sharply corrected and fell. The upper pressure level that needs to be paid attention to is around 2940. If you are concerned about when the gold price will fall and have seen this article, then you can consider following the trading plan to short. Xauusd: Sell, 2930. Sl2945. Tp2900.
OANDA:XAUUSDShort
by Beck_Ledley
Gold strategy, this week's target is 300%Today, the international gold price continued its upward trend, with spot gold hitting a high of $2,912.31 per ounce, up 0.51% from the previous trading day. This rise was mainly driven by multiple factors, including the weakening of the US dollar index, rising geopolitical risks, and continued gold purchases by global central banks. Institutions such as Goldman Sachs have raised their gold price forecasts to $3,100 per ounce by the end of 2025, and even believe that if policy uncertainty intensifies, it may reach $3,300 per ounce. The situation between Russia and Ukraine remains the focus of the market. The US-Russia talks held in Saudi Arabia may have a direct impact on the situation. If the negotiations break down or the conflict escalates, the safe-haven property of gold will be further highlighted. The recent US tariff policy and trade war concerns continue to ferment, pushing investors to turn to gold to hedge risks. Pattern analysis: Resistance level: The upper resistance during the day is concentrated in the range of 2916-2920 US dollars. If it breaks through, it may test 2940 US dollars (previous high point). Support level: The lower support is at 2880-2872 US dollars. If it falls below, it may trigger a short-term correction. It is recommended to continue to operate in the range, short at highs and long at lows, and do not blindly place orders in the middle I am a professional trading analyst. I hope my analysis is helpful to you. You can also click on my link.
OANDA:XAUUSD
by niwmniwm
XAUUSD - Gold H1 analysis and possible move! 2861!Gold is currently forming a symmetrical triangle pattern, indicating potential breakout opportunities. The price is near $2,915, trading between key support and resistance levels. Key Levels: 🔹 Resistance Zone: $2,940 - $2,950 Price has rejected this level multiple times. A breakout above this area could trigger a bullish move. 🔹 Support Trendline: $2,880 - $2,900 A key rising trendline providing support. A break below could lead to a bearish move. 🔹 Major Support Zone: $2,861 - $2,865 If price reaches this level, buyers may step in. A confirmed break below could accelerate selling pressure. Potential Scenarios: 📉 Bearish Breakdown (Main Outlook): 1️⃣ Price consolidates within the triangle. 2️⃣ A break below the support trendline signals further downside. 3️⃣ Target: $2,861 - $2,865 support zone. 4️⃣ If this level breaks, expect a deeper drop. 📈 Bullish Breakout Alternative: If price breaks and holds above $2,940, expect bullish momentum. Next Target: $2,960 - $2,970. Trading Plan for Traders: ✅ Wait for a clear breakout before entering trades. ✅ Short below trendline support, targeting $2,861. ✅ Long above $2,940 with confirmation. ✅ Use stop-loss to manage risk effectively.
OANDA:XAUUSDShort
by PIPsOptimizer
1
gold on short bullishGold (XAU/USD) saw a strong breakout above $2,904.50 yesterday, confirming bullish momentum. The price is currently in an upward trend, with buyers pushing toward $2,928.60 as the next key resistance. However, the overall market structure suggests potential bearish pressure if key support levels fail. Key Levels to Watch: Buy Entry: Above $2,915.99 (Buy stop order) Take Profit (TP): $2,922 – $2,928.60 Stop Loss (SL): $2,906 (A break below this invalidates bullish bias) Bearish Breakdown Zone: Below $2,906, with targets below $2,900 Bullish Scenario: If XAU/USD holds above $2,915.99, expect a push toward $2,922, and if momentum continues, $2,928.60 could be tested. Buyers remain in control above $2,906, and dips may be seen as buying opportunities. Bearish Scenario: A break below $2,906 could lead to bearish reform, triggering a drop below $2,900. If sellers dominate, we may see extended declines toward $2,890 or lower.
FOREXCOM:XAUUSDLong
by newbeginneracademy
Gold Analysis: Bearish Reversal with Key Support Zone at 2,799hello guys! let review what happened in gold: Double Top Formation: The chart indicates a double top pattern, which typically suggests a potential reversal in the price movement. This pattern formed at a significant resistance level, as shown by the "internal static level" marked at the top of the chart. A double top is generally seen as a bearish signal, implying the price may fall after this formation completes. Broken Trendline: The chart also points out a "broken trendline" that previously acted as a support level. Once the price breaks below this trendline, it suggests a weakening bullish trend, with further downside potential. This break could signal the start of a downtrend. Main Trendline: Despite the break in the previous trendline, the "main trendline" still holds as a support level for the price. This indicates that the market might find support along this trendline and could reverse back to the upside in the near term, or it could form a lower high and continue the downtrend. what's next?! Targeted Support Zone: The arrows suggest a potential price target zone between 2,799.150 and 2,800.000, marked as a key support region where the price might find a base. This zone is below the broken trendline and could act as a demand zone, potentially leading to a rebound or price consolidation before further movement. In conclusion, the chart is signaling potential bearish momentum, with the possibility of the price moving down to the support zone before either consolidating or reversing back upward. The broken trendline and double top suggest that the market might shift to a downward trend, but the main trendline and support levels must be closely watched for confirmation.
OANDA:XAUUSDShort
by melikatrader94
8
XAUUSD:Continue to increase the buying power of XAUUSDYesterday emphasized the purchase of xauusd below 2900 points before the market closed. After the London market started today. XAUUSD perfectly reached the target range and closed the order to lock in profits. Now the buying opportunity comes again. XAUUSD is about to rise sharply, which will be shown on the chart in the London market or the New York market. BUY:2911.5 TP2921.5 SL2900 If you don't know how to trade correctly. Then start with this buy order.
OANDA:XAUUSDLong
by JAKE_T0
1
GOLD → Bullish, News-Driven PriceGold (XAU/USD) Outlook: Navigating Key Support Amid Economic Uncertainty Gold prices remain in a bullish trend, rebounding from previously tested trend support and signaling a potential upside continuation. The metal’s safe-haven appeal remains intact as global economic uncertainties persist, driving investor interest. However, market sentiment is influenced by key geopolitical and macroeconomic developments. Geopolitical & Economic Factors Influencing Gold Investors remain highly cautious ahead of the upcoming US-Russia discussions in Saudi Arabia, where efforts to negotiate a resolution to the Ukraine conflict will take center stage. Any significant breakthroughs or escalations from these talks could inject volatility into the markets, impacting gold’s movement. Meanwhile, a weak risk appetite is currently supporting the US dollar. The greenback is benefiting from cautious rhetoric by Federal Reserve officials, who continue to express concerns about inflation. Policymakers are urging patience in easing monetary policy, which reduces the likelihood of imminent rate cuts. The market’s focus now shifts to upcoming Fed speeches and the release of the January FOMC meeting minutes, which could provide further insights into the central bank’s stance on interest rates. Technical Analysis: Key Levels & Market Structure In the Asian trading session, gold successfully broke above the 2905 level, which now serves as a critical support zone. This level has historically played a key role in price action, and its ability to hold could determine gold’s short-term trajectory. Immediate resistance levels: 2922 and 2938 Support levels: 2905 and 2893 The most probable scenario is a retest of the 2905 support zone, given the existing liquidity interest below this level. However, the broader bullish trend suggests that any dips are likely to be met with renewed buying pressure. Additionally, an imbalance in favor of buyers could continue pushing the price upward. A decisive breakout and consolidation above 2915 could act as a catalyst for further gains, potentially driving the price toward the next key resistance levels. Conversely, if gold fails to maintain support, a deeper retracement toward 2893 could unfold before any renewed bullish momentum takes over. Conclusion Gold’s price action remains highly sensitive to both economic and geopolitical developments. While the broader uptrend remains intact, short-term fluctuations driven by risk sentiment, Federal Reserve commentary, and geopolitical negotiations will play a crucial role. Traders and investors should closely monitor price reactions at key support and resistance levels, as well as upcoming macroeconomic events, to assess the next move in XAU/USD.
OANDA:XAUUSDLong
by lonelyPlayer0
XAUUSD: A new increase is about to start. 2930Yesterday emphasized the purchase of xauusd before the market closed. After the London market started today. XAUUSD perfectly reaches the target range and the order is closed to lock in profits. The second stage of the XAUUSD rebound is about to begin. The current XAUUSD price is around 2911, and the overall position is maintained at the bottom of the box oscillation. In the technical support and combined with the boost of the news, the operation can still be mainly bought. The target is about 2920-2930. The overall increase is 10p-20p. If you like this profit, you can buy it at the current price. XAUUSD: Buy near 2910 sl2900 tp2920-2930
TVC:GOLDLong
by JAKE_T0
Gold Teeters on the Edge: 2942 Retest Before the Big Leap!XAU/USD: Gold Eyes New Highs as Market Dynamics Align for Further Upside Gold (XAU/USD) is once again testing its all-time high (ATH), a critical technical level that historically increases the probability of continued upward momentum. With the psychological 3000 level gradually coming into focus, the market remains on edge, closely monitoring key economic data and geopolitical developments that could fuel the next leg higher. Current Market Conditions & Fundamental Drivers Gold’s latest consolidation phase follows an impressive rally, maintaining its long-term uptrend while digesting recent gains. The metal remains well-supported by a combination of macroeconomic and geopolitical factors that continue to favor bullish sentiment: Trump’s Tariff Plans: Former U.S. President Donald Trump has reiterated his stance on imposing tariffs if re-elected, a policy move that historically strengthens gold as investors hedge against trade uncertainty and inflationary pressures. Federal Reserve’s Dovish Shift: Market expectations for the Federal Reserve to initiate rate cuts remain elevated. While Fed Chair Jerome Powell has hinted at the necessity of monetary easing, he has refrained from providing a specific timeline. This uncertainty has kept the dollar under pressure, indirectly benefiting gold. Weakening Dollar & Falling Bond Yields: Recent Producer Price Index (PPI) data reinforced a dovish sentiment, signaling softening inflationary pressures. The dollar and U.S. Treasury yields have reacted accordingly, weakening in response and creating a more favorable environment for non-yielding assets like gold. Markets have also digested the delay in tariff implementations and mixed messages from policymakers. While the rhetoric from Powell and Trump suggests a growing consensus on the need for lower interest rates, the lack of concrete action leaves room for speculation-driven volatility. Technical Landscape: Key Levels & Price Structure Gold is currently consolidating just below its ATH, with a delicate balance between profit-taking and renewed buying pressure. The key technical levels to watch include: Resistance Levels: $2942.6 – The immediate barrier gold needs to clear to confirm a breakout. $2950 – A psychological and technical level that, if breached, could accelerate bullish momentum toward the much-anticipated 3000 mark. Support Levels: $2929 – A critical short-term support zone that has previously acted as a springboard for renewed buying interest. $2922 – A deeper support level where buyers may step in to defend the uptrend. $2908 – A major pivot point; a break below this level could signal a temporary shift in momentum. Potential Scenarios & Market Outlook Direct ATH Retest & Breakout If gold manages to sustain its momentum and push past $2942-$2950, a test of ATH will be imminent. A decisive breakout above this level could open the doors for a rapid move toward $2975 and beyond, with $3000 becoming a realistic short-term target. Support Retest Before Further Upside Should gold fail to break above immediate resistance, a pullback toward $2929-$2922 remains a plausible scenario. This retracement would likely serve as a healthy correction, providing stronger support for the next leg higher. Deeper Correction Toward $2908 While less likely in the absence of a major catalyst, a sharper decline could see gold testing $2908. Such a move would challenge the uptrend in the short term but might present an attractive buying opportunity for long-term bulls. Market Catalysts Ahead: U.S. Retail Sales Data The upcoming U.S. retail sales report is poised to be a key market-moving event. Strong consumer spending data could momentarily boost the dollar, exerting short-term pressure on gold. Conversely, weaker-than-expected retail numbers would reinforce the Fed’s dovish stance, adding fuel to gold’s bullish narrative. Final Thoughts: Bullish Momentum Intact, Eyes on ATH Gold remains in a strong uptrend, with macroeconomic factors and technical signals aligning in favor of further gains. While a support retest is possible before another rally, the overall trajectory remains bullish, with the 3000 milestone inching closer. Traders and investors should keep a close eye on resistance levels and upcoming economic data, as they could dictate the next major move in gold’s journey toward new highs.
OANDA:XAUUSDLong
by lonelyPlayer0
XAUUSD will see a huge increase after the next market openingGold prices will see a huge increase after the next market opening. Geopolitical uncertainty has increased the demand for gold. As shown in the above figure, gold prices would have seen a larger increase today. However, due to the early closure of the US President's Day and the fact that the US stock market did not open, stagflation occurred. In the New York session, a new chapter will appear in the European dynamics, and the Asian market will react by increasing the speed of increase, so now is the best time to buy. Don't hesitate here, even if the Asian market does not rise significantly next, the New York market will reflect today's increase from the chart tomorrow. So going long on XAUUSD is a very stable trade. XAUUSD: Go long below 2900, tp: 2920-2930, sl: 2870. Trading is about making stable trading opportunities, and the next market opening will bring such opportunities, let us wait and see. Remember to like and follow after reading. Prevent missing the next accurate analysis and guidance. If you have any questions, you can leave me a message at any time. I will reply to your questions in time.
OANDA:XAUUSDLong
by JAKE_T0
XAU/USD "Gold vs US.Dollar" Metal Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "Gold vs US.Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry and short entry. 🏆💸Be wealthy and safe trade.💪🏆🎉 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 at market price Sell Entry at 3020.00 Stop Loss 🛑: Thief SL placed at 2835.00 (swing Trade Basis) for Bullish Trade Thief SL placed at 3060.00 (swing Trade Basis) for Bearish Trade Using the 4H period, the recent / nearest 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 3020.00 (or) Escape Before the Target -Bearish Robbers TP 2780.00 (or) Escape Before the Target 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: XAU/USD "Gold vs US.Dollar" Metal market is currently experiencing a bullish trend,., driven by several key factors. 🔰 Fundamental Analysis 1. Supply and Demand: Gold's demand is increasing due to its use as a safe-haven asset and central banks' purchases. 2. Global Economic Trends: A potential global economic slowdown could increase demand for safe-haven assets like gold. 3. Mining Production: Gold mining production is expected to decrease in the next few years, which could put upward pressure on prices. 🔰 Technical Analysis 1. Trend: The current trend is bullish, with gold prices increasing by 15% in the last quarter. 2. Moving Averages: The 50-day moving average is above the 200-day moving average, indicating a bullish trend. 🔰 Market Sentiment 1. Investor Sentiment: Institutional investors are 50% bullish, 20% bearish, and 30% neutral on gold. 2. Retail Sentiment: Retail investors are 60% bullish, 15% bearish, and 25% neutral on gold. 3. Market Mood: The overall market mood is cautious, with investors waiting for further economic data before making investment decisions. 🔰 COT Report 1. Non-Commercial Traders: 40% long, 60% short 2. Commercial Traders: 50% long, 50% short 3. Non-Reportable Traders: 30% long, 70% short 🔰 Positioning 1. Institutional Traders: 50% bullish, 20% bearish, 30% neutral 2. Banks: 45% bullish, 25% bearish, 30% neutral 3. Hedge Funds: 55% bullish, 20% bearish, 25% neutral 4. Corporate Traders: 40% bullish, 30% bearish, 30% neutral 5. Retail Traders: 60% bullish, 15% bearish, 25% neutral 🔰 Overall Outlook 1. Bullish: Gold prices are expected to increase due to increasing demand and a potential global economic slowdown. 2. Volatility: Gold prices are expected to be volatile, with potential price swings of 5-10% in the short-term. ⚠️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 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌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. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. 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 🤑🐱‍👤🤗🤩
SAXO:XAUUSD
by Thief_Trader
GOLD 1H CHAR ROUTE MAP & TRADING PLAN FOR THE WEEKGOLD 1H Chart – 17th Feb 2025 Dear Traders, Here’s the latest 1H chart analysis, outlining key levels and targets for this week trading plan Gold is currently trading between two critical levels, with a gap above 2905 and below 2878. A confirmed EMA5 crossover and lock above or below these levels will indicate the next price direction. Until then, expect price fluctuations as these levels are tested repeatedly. Keep in mind that Its president day today in the US and market will remain close today. Our strategy remains focused on buying dips and monitoring key levels to identify potential bounce opportunities. Stay sharp! Resistance Levels: 2905, 2920, 2942, 2949, 2972, 2994, 3011 Support Levels: Gold Turn Levels : 2878, 2852, 2837, 2817, 2802, 2776, 2747 Retracement Range: 2802 - 2817 Swing Range: 2747 GOLDTURN LEVELS ARE ACTIVATED! EMA5 (Red Line) Analysis: * Currently fluctuating between 2878 and 2905 * EMA5 positioning will be crucial in determining the next trading direction. Bullish Targets: EMA5 cross and lock Above 2910 → will open the following bullish Target 2928 EMA5 cross and lock Above 2928 → will open the following bullish Target 2949 EMA5 cross and lock Above 2949 → will open the following bullish Target 2972 EMA5 cross and lock Above 2972 → will open the following bullish Target 2994 EMA5 cross and lock Above 2994 → will open the following bullish Target 3011 Bearish Targets: EMA5 cross and lock Below 2878 → will open the following bearish Target 2852 EMA5 cross and lock Below 2852 → will open the following bearish Target 2837 EMA5 cross and lock Below 2837 → will open the following bearish Target 2817 EMA5 cross and lock Below 2817 → will open the following bearish Target 2802 (Retracement Range) EMA5 cross and lock Below 2802 → will open the following bearish Target 2747 (Swing Range) Trading Plan: * Stay bullish and buy pullbacks from key levels. * Avoid chasing tops—focus on buying dips. * Use smaller timeframes for entries at Goldturn levels. * Aim for 30–40 pips per trade for optimal risk management. * Each level can yield 20–40+ pips reversals. Trade with confidence and discipline. Stay tuned for our daily updates! Please support us with likes, comments, and follows to keep these insights coming. 📉💰 The Quantum Trading Mastery
FXOPEN:XAUUSDShort
by TheQUANTUMTraders
GOLD MELTDOWN INCOMING? THE ONLY BREAKDOWN YOU NEED!Welcome back, traders! Mr. Blue Ocean FX here, breaking down the latest price action on gold (XAUUSD) . Let’s dive straight into the technicals and see what the market is telling us. Market Overview Gold has been on a strong bullish run since December 30th, surging from the 2620 area all the way to 2942, marking an aggressive impulse move. However, last week, we saw signs of exhaustion, particularly with a rejection wick forming on February 10th, signaling potential downside pressure. Daily Timeframe Analysis On the daily chart, price action printed a double top around 2929, followed by a strong bearish engulfing candle that closed on Friday. This indicates a potential momentum shift from buyers to sellers. We also placed a key level at 2881, marking the recent wick low. This level is crucial because if price breaks below it, it would confirm sellers stepping in with conviction. H4 Timeframe Analysis Scaling down to the 4-hour (H4) chart, we can see a clearer structure: • Price spiked high, retraced, and formed a higher low before another push up. • The latest move shows a break and retest pattern, where price broke structure and is now testing previous support as resistance. • While the H4 candle looks promising, we are waiting for a solid close to confirm the momentum shift before executing a trade. H1 Timeframe Execution Plan On the 1-hour (H1) chart, here’s our trade setup: 1. Waiting for a pullback after the breakdown. 2. Looking for price to form a lower high at 2896. 3. Entry confirmation comes with strong bearish volume and a small retest. 4. Short position at 2896, with a stop loss just above the 2906.55 wick high. 5. First target: Recent lows near 2881 for a 1:2 risk-to-reward ratio (RRR). 6. If price breaks below the daily low, we could see further downside continuation. Final Thoughts This setup is in play, and we are watching how price reacts at key levels. If the market confirms our bias, this could be a solid high-probability short trade. 🔥 If you found this breakdown valuable, don’t forget to: ✅ Like & Subscribe for more trade ideas ✅ Boost the post to help the community ✅ Share with a fellow trader Let’s catch these pips! See you in the next breakdown. Boom! 🚀💰
OANDA:XAUUSDShort
by BlueOceanFxAcademy