Time is equal to price !Will gold visit again the LL at 3268 or it will pull back from 3340/3344 !
If so we may see gold making a new top at 3400 /3450/3500/3550/3600 .
Xauusdsignal
Can technical factors boost gold? (Must-read for traders)After three consecutive days of strong rebounds, spot gold has entered a period of sideways trading, trading around $3,370 in the European session, with a short-term seesaw pattern. A slight rebound in the US dollar index has weighed on gold prices, but market expectations of a September Fed rate cut remain supportive. Furthermore, lingering global trade uncertainty has prevented a significant decline in safe-haven demand.
Fundamentals:
Gold's recent upward momentum has been driven by weak US economic data and rising expectations of rate cuts. Last week's non-farm payroll data showed a significant weakening in the labor market, reinforcing market bets that the Fed will begin another round of rate cuts in September. The CME FedWatch tool shows that the market's expectation of a September rate cut has exceeded 90%. Meanwhile, US factory orders plummeted 4.8% in June, further highlighting economic weakness.
On the other hand, US President Trump signed an executive order last week raising tariffs on imports from dozens of countries, with the minimum tariff rate reaching 15% for countries with trade deficits with the US. With these measures about to take effect, this uncertainty continues to weigh on global market sentiment and supports gold's safe-haven properties.
However, a slight rebound in the US dollar partially offset gold's upward momentum. Traders will be watching the upcoming US ISM Services PMI data to determine whether the economic slowdown has spread to the services sector.
Technical Analysis:
On the daily chart, gold prices have recently traded between the middle and upper Bollinger Bands (3343.59) and 3411.09, failing to break through key resistance. The overall trend remains within the medium-term range, with no clear trend emerging.
The recent candlestick chart pattern forms a typical "sideways fluctuation" pattern, indicating significant pressure near the previous high of 3438.80, while the lower Bollinger Band (3276.09) provides support, suggesting a short-term "box consolidation" pattern.
On the MACD indicator, the fast and slow lines are near the zero axis, while the DIFF and DEA lines have formed a slight golden cross, but the angle is gentle. The red bar has limited momentum, indicating insufficient upward momentum and a lack of a strong rebound.
The Relative Strength Index (RSI) remained at 54.81, within the neutral to strong range, indicating a lack of clear short-term price direction. Market sentiment remains cautious. Further attention will be paid to whether the price stabilizes above the middle Bollinger Band or retreats to test previous support levels.
Market Sentiment Observation:
Current gold market sentiment is cautiously optimistic. Traders are pricing in a high level of interest in the Federal Reserve's rate cut, driving a short-term rebound in gold prices. However, the dollar's resilience remains, limiting gold's upside potential. Indicators show a lack of significant inflows into gold ETFs, suggesting the market has not yet fully shifted to a defensive position.
The technical chart shows a typical "consolidation platform," indicating that the market is awaiting clearer policy or data guidance. Investors remain interested in safe-haven assets, but their willingness to chase higher prices is weak. In the short term, market sentiment may continue to be constrained by fluctuations in external macroeconomic data and shifting policy expectations.
Market Outlook:
Bull Perspective:
Analysts believe that if gold prices break through the upper Bollinger Band at 3411.09 and the MACD indicator expands, further upside potential is expected, with the previous high of $3450 in sight. If the Federal Reserve signals a clear interest rate cut or if the US economy continues to weaken, gold could see a mid-term trend reversal and resume its upward trend.
Bear Perspective:
Analysts believe that if gold prices remain constrained in the 3400-3411 range and fall below the middle Bollinger Band and moving average support, a short-term pullback could occur, testing the lower support band at $3276. If the ISM Services PMI exceeds expectations and the US dollar strengthens again, gold could return to bearish momentum. FOREXCOM:XAUUSD ACTIVTRADES:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD PYTH:XAUUSD FOREXCOM:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLDZ2025 CMCMARKETS:GOLD
Technical indicators are bullish across the boardInfluenced by the NFP data, gold prices rose strongly, fully recovering last week's losses. The current gold market has broken the previous bull-bear equilibrium and remains in a strong upward trend. We are currently bullish but will not chase the rise. We will wait for gold to fall back and stabilize before trying to go long. Gold is currently in a sideways consolidation. If gold touches the upper short-term resistance of 3365-3370 again in the European session and encounters resistance and pressure, you can consider shorting with a light position and waiting for a pullback. If the gold price breaks up strongly, pay attention to the key suppression level above 3375-3385.
As the price of gold continues to rise, the support has moved up. Pay attention to the short-term support of 3345-3330 below. If it retreats and stabilizes, you can consider going long. Independent traders must strictly implement trading plans, and those who are not sure about the market must set stop-loss orders.
OANDA:XAUUSD
Gold prices have retreated slightly. Is there an opportunity to From the daily chart:
Gold prices haven't held above 3380, so the primary resistance level remains around 3385.
Currently, the daily moving average support is far from the high, with support below 3340-3360. While the daily trend remains bullish, the risk of a pullback and subsequent upward movement cannot be ruled out.
From the 1-hour chart, Quaid believes the price cannot fall below 3365. 3365 marked the opening high on Monday. Common sense suggests that if gold remains above 3365, it may remain at a high level for a short-term consolidation.
Thus, today's focus is on the key level of 3365. If the price doesn't fall below this level, consider going long at this level, waiting for a profit after another rally to the resistance range, and then shorting within the key resistance range.
Gold is fluctuating at a high level. Latest analysis.On Monday, gold surged to around 3370 in the morning before retreating slightly. It fell back to support near $3345 in the European session. The dividing line between bulls and bears lies below 3340, which also marks the support level and the top-bottom reversal before the close of last Friday's non-farm payroll report.
Quaid planned to go long near 3340 on Monday, but the price rebounded to 3345, halting its decline and then fluctuating sideways, preventing an entry opportunity. However, a short opportunity near 3385 was successfully implemented with a slight pullback. Although it did not reach the expected target, a small profit was achieved after the pullback to 3370.
Monday showed an overall upward trend, with the closing price fluctuating at a high level, reaching a high around 3385 before retracing to confirm 3370. The overall market trend remains upward, with a temporary potential for a move to around $3400. Quaid recommends a buy-on-low strategy today. Currently, the 1-hour moving average is trending flat, and the trend of prices continuing to fluctuate at high levels cannot be ruled out.
Support for Tuesday's pullback lies near 3370. The key to a renewed rally lies at 3360, also the level of resistance before Monday's US market opening. As long as this level remains intact, the overall strategy remains unchanged. Alternatively, watch for a re-break of 3385, with upside targets at 3385-3390-3400.
Strategy:
Long at 3360-3365, stop-loss at 3355, profit range at 3380-3400;
Short at 3395-3400, stop-loss at 3410, profit range at 3370-3350;
Key Points:
First Support Level: 3370, Second Support Level: 3360, Third Support Level: 3350
First Resistance Level: 3385, Second Resistance Level: 3395, Third Resistance Level: 3405.
8/5: Watch for Short Opportunities Near 3400Good morning, everyone!
On Wednesday, gold held above the key support area at 3343–3337, and subsequently broke through the 3372–3378 resistance zone, leading to a strong bullish move and solid long-side gains.
Today, attention should shift to the major resistance around 3400. If bullish momentum continues, price may approach the secondary resistance near 3420. However, from a technical perspective, signs of bearish divergence have begun to emerge. Should price continue rising while momentum weakens, the risk of a short-term correction increases accordingly.
Key levels to monitor:
Primary resistance zone: 3404–3416
Intermediate supply area: around 3398
Crucial support zone: 3372–3363 (a hold here could support further upside)
⚠️ Cautionary Note:
The US PMI data release during the New York session could introduce volatility. Be sure to maintain strict risk management and stop-loss discipline during periods of increased uncertainty.
🔁 Trading Bias for Today:
Prefer selling into strength near resistance, while cautiously considering buying on dips near support.
The 3343–3337 area continues to serve as the primary support zone, and price action around this level will be critical in determining the next directional move
XAUUSD Intraday Signal Analysis – Gold Price Momentum & RSI SetuIn today’s 1-hour chart of XAUUSD (Gold vs USD), we observe a strong upward momentum supported by technical indicators, suggesting a well-defined bullish trend in the short term. Traders looking to capture short-term profits may find this chart setup especially favorable. Here's a breakdown of the price action and what it could mean for intraday traders.
Price Action Overview
The price of gold has surged past the $3,320 mark, showing a clear bullish breakout with a series of higher highs and higher lows. Currently, the market is trading near the $3,378 level, consolidating slightly after a strong upward movement.
The SMA 9 (Simple Moving Average) is providing dynamic support, curving upward and closely hugging the candlesticks. This is typically a sign that buyers are actively pushing the price higher and dips are being bought up quickly.
Additionally, the spread between the Buy ($3,378.78) and Sell ($3,378.51) prices is extremely narrow, suggesting tight liquidity and fast execution potential — ideal conditions for scalpers and short-term traders.
RSI Analysis
The RSI (Relative Strength Index) 14 is hovering around the 68–70 level, which traditionally indicates the asset is approaching overbought territory. However, it hasn’t crossed into the 70+ danger zone yet, which implies there could still be room for further upside.
One key observation is the RSI divergence forming on the right-hand side. While price has been climbing steadily, RSI has started to curve down slightly — this could hint at a minor pullback or consolidation phase before the next big move. Smart traders may consider watching for bullish RSI bounces or hidden divergences before re-entering long trades.
Trade Idea
Trend: Bullish
Support: $3,360 / $3,340
Resistance: $3,400 / $3,420
Signal: Wait for a minor pullback toward the SMA, and look for bullish candlestick confirmation near $3,360 before entering long.
Conclusion
This XAUUSD 1H chart presents a strong case for continued bullish momentum with cautious optimism due to RSI nearing overbought levels. A pullback could offer fresh entry opportunities before a push toward the next resistance zone. Intraday traders and swing traders alike can benefit from closely monitoring price action around the SMA 9 line.
Upward movement suppressed. Price pullback?Gold prices have now perfectly reached the short-selling target range predicted by Quaid.
The current 4-hour chart clearly shows that gold's current resistance level remains around 3385.
Looking at the shorter 15-minute chart, gold has been slowly rising within an upward channel today. The resistance level of 3385 has not been effectively broken, and there is a high probability of a further pullback to test the 15-minute trendline.
Currently, 15-minute trendline support remains around 3355-3360. Focus on this support range in the short term, as it also represents a profit-taking opportunity after shorting at the 3385 high. This level can also be considered a watershed between bulls and bears. If the price pulls back to this level and does not continue to decline, there is a high probability of another upward move at this level.
However, if it falls below the 3350 trendline, the market will enter a downward trend.
Good luck to everyone in the new week.
Gold Spot / U.S. Dollar (XAUUSD) 4-Hour Chart - OANDA4-hour performance of the Gold Spot price against the U.S. Dollar (XAUUSD) from late July to early August 2025. The current price is 3,362.895, reflecting a +72.775 (+2.21%) increase. Key levels include a sell price of 3,362.200 and a buy price of 3,363.590. The chart highlights a recent upward trend with a notable resistance zone around 3,395.716 and a support level near 3,336.129, as indicated by the shaded areas.
XAUUSD:BUYThere is no need to worry about holding long orders mentioned last Friday. Gold prices continued to rise this week after a pullback. The price has risen to 3372. According to the research team of our swing trading analysis team, the bullish trend will continue.
Earlier I informed members that some buy orders were closed at high levels. At that time, the short-term high was around 3370. After closing the long orders, the price subsequently fell. This is the advantage of swing trading. You can use accurate trading signals to trade in batches in the short term, thereby creating opportunities for quick profits.
After the pullback, there is still good room for buying and opportunities.
8/4: Watch Support at 3343–3337 and Resistance at 3372–3378Good morning, everyone!
Last Friday, gold rallied strongly, driven by a combination of favorable economic data and bullish technical signals, decisively breaking above the 3337–3343 resistance zone. During the subsequent pullback, price action remained firm above 3337, followed by a secondary upward move.
From a technical standpoint, the structure suggests the potential for continued upward consolidation, with the possibility of filling the gap near 3396. However, significant resistance remains between 3372 and 3378 — failure to break through this zone decisively may result in a short-term pullback before further gains.
Key levels to watch:
Initial support: 3348 and 3337–3343 zone
Major support: 3312–3300 zone (a break below could signal deeper downside risk)
Trading Strategy:
Focus on intraday setups around these critical areas. Look for buy opportunities on dips as long as support holds, while remaining cautious of sharp pullbacks near strong resistance.
Gold 4H timeframe Based on the chart my shared (Gold 4H timeframe with Ichimoku cloud), here are the identified target points:
📈 Upside Targets:
1. First Target: 3380
This is marked just above the Ichimoku cloud breakout.
It is a short-term resistance zone.
2. Second Target: 3420
This is the higher target zone indicated in the chart.
It aligns with a previous high and potential resistance area.
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🟡 Key Support:
Support Zone: Around 3322 – 3353
Price needs to hold above this zone to maintain the bullish momentum.
XAUUSD Signal Today | Do you think Gold will retest $3400XAUUSD Buy Sell Signal Today | Do you think Gold will retest $3400 resistance? Every gold trader should watch today! In this video, we have the latest XAUUSD technical analysis and provide clear buy and sell levels for scalpers and swing traders. If you want to know if Gold will retest $3400 resistance, stay tuned until the end for exclusive insights, real chart breakdowns, and the best price action strategies. This video will help both new and professional traders make smart trading decisions with live examples and updated gold signals.
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XAUUSD analysis - 1H FVG and OB setupsOn the 1H chart, price has made a sharp bullish move from the lower 1H OB zone (3,275 – 3,285) and is now hovering just below the 1H supply zone.
🔴 1H Supply Zone (OB):
3,354 – 3,368 → Price is consolidating here with no strong rejection yet.
🟢 1H Demand Zone (OB):
3,337 – 3,344 → First area to watch for potential bullish reaction.
👁 Mid-level support zone (waiting for confirmation):
3,310 – 3,320 → If price pulls back here and gives confirmation on lower timeframe, we’ll look for long setups.
📌 Trade scenarios:
1️⃣ Bullish: Wait for a retracement into 3,310 – 3,320, and if confirmed on LTF (3M–5M), go long.
2️⃣ If price drops deeper into the lower OB zone 3,275 – 3,285 and gives strong bullish reaction → potential long setup again.
3️⃣ Bearish: If price rejects the current OB zone (3,354 – 3,368) with confirmation → short entry targeting the green zones below (~3,320 or 3,310).
✅ Entry only after confirmation on lower timeframe
❌ No confirmation = no trade
Gold prices fluctuate. Bullish theme?From a technical perspective, gold prices have retraced above key moving averages, and the RSI has turned bullish. Short-term resistance for gold is near 3370. Can gold continue its sharp rise this week? Will there be a new rise? This depends on the performance of risk aversion in the market this week.
Quaid believes that 3330 is the watershed between bulls and bears at the beginning of the week. As long as the market is bullish, this level must not be broken. If it is broken, the gold trend will directly turn weak. Whether this week's daily moving average can continue to rise is key to triggering a bullish trend in gold.
From the 4-hour chart, pay attention to the range pressure position of 3370-3375 on the upper side, and the support on the lower side is around 3330-3335. If the price falls back at the beginning of the week, it can be bullish based on this position. The short-term bullish strong dividing line should pay attention to this range.
XAUUSD Weekly Outlook | $3,285 Key Level and Structure SetupHere’s my outlook on gold (XAUUSD) for the week of August 4–9, 2025.
Last week’s move was shaped by strong early dollar momentum, a 3% U.S. GDP report midweek, and Friday’s sentiment shift after the surprise tariff announcement.
Price is now sitting near the $3,380 supply zone, a structure that’s been in play since April. I highlight:
✅The key demand zone ($3,245–$3,285)
✅The broken descending trendline is now acting as support
✅Potential reaction around $3,360 early in the week
✅$3,285 remains my key level going forward. If ever price comes close, I’m watching for signs of strength or breakdown there to guide my setups.
I’ll update my thoughts in the comments as price action unfolds.
Disclaimer:
Based on experience and what I see on the charts, this is my take. It’s not financial advice—always do your research and consult a licensed advisor before trading.
Will the bull market continue? A sense of crisis.Can gold continue last week's rally? Will it be another flash in the pan? In early Asian trading on Monday, gold rose to 3370 before falling slightly to around 3345 and currently fluctuating around 3360.
On Monday, focus on the 3340-3335 area. This was support before last Friday's rebound, and it also served as a key resistance level that has now become a support point. After last week's strong performance, don't rush into buying. Wait for a pullback to confirm the trend, or for an upward breakout in the European session before considering entering the market before the US market opens. In volatile markets, try to control the pace and avoid frequent in-and-out moves.
The 4-hour chart shows that gold is currently facing resistance near 3370, but this strong upward move is likely to correct in the European session, preparing for a subsequent secondary rally. This period has been range-bound, not a strong, one-way trend. Even if bullish, don't chase the market; wait for confirmation after a pullback before taking action.
Quaid believes that support today lies in the 3340-3335 range. A pullback near this area is a good opportunity to go long. The early Asian session's surge is a continuation of last Friday's bullish trend. The 3340-3335 area served as support before Friday's final rally and a key level for top-to-bottom reversals. If the price breaks through 3370 and stabilizes above it, it could potentially reach 3375-3385. However, after reaching the high, Quaid believes a pullback is highly likely, with a focus on the 3330-3310 area.
Trading Strategy:
Go long near 3330, stop-loss at 3320, and profit range at 3360-3370.
Short near 3375, stop-loss at 3385, and profit range at 3330-3320-3310.
Gold Technical Outlook
Gold is currently consolidating inside a triangle pattern. After a recent bullish rally, price retraced between the 61.8% – 76.4% Fibonacci levels, finding support and bouncing upward. At present, gold is facing resistance at both the falling trendline and the 3298–3300 zone.
Bullish Scenario:
A breakout above the resistance trendline and the 3298–3300 zone could trigger a strong bullish move toward 3311, 3322, and 3333. A sustained break above 3333 would confirm a short-term bullish trend, opening the way for higher targets at 3360 and 3400.
Bearish Scenario:
If price faces rejection from the 3300 resistance and the falling trendline, gold is expected to move lower, retesting 3270. A decisive break below 3270 may extend the decline toward 3250. If 3250 is broken, gold could enter strong bearish momentum, potentially shifting the long-term trend to the downside with targets at 3000 and 2850.
OANDA:XAUUSD Gold Technical Outlook
Weak non-farm payroll data injects newconfidence into gold bullsGold rebounded strongly late last week, shaking off early-week losses and surging toward key resistance at $3,400 per ounce as weak US jobs data rekindled hopes for a September rate cut by the Federal Reserve.
Spot gold closed at $3,363.16 on Friday (August 1st), up 2.23% on the day, or $73.24, after hitting a high of $3,363.37.
Lukman Otunuga, senior market strategist at FXTM, said Friday's rally in gold prices was impressive, driven by a plunging US dollar.
"From the chart, bulls were on a rampage that day, with $3,400 within 2% of the price at that point," he said. "With prices breaking through $3,330 resistance, the weekly chart is significantly bullish. A weekly close above this level could signal a move toward $3,400."
Last week, gold faced significant selling pressure after the Federal Reserve held interest rates steady and Chairman Powell raised uncertainty about a possible September rate cut.
"We haven't made a decision about September yet," Powell said at a press conference following the Fed's decision.
After disappointing U.S. job market data, lingering doubts about a September rate cut dissipated. According to the Bureau of Labor Statistics, the U.S. economy created only 73,000 jobs last month. Furthermore, total job growth in May and June was revised downward by 258,000. According to the revised data, only 14,000 jobs were created in June and 19,000 in May.
"This weaker-than-expected jobs report has dented confidence in the U.S. economy and put pressure on the dollar as markets anticipate a more dovish Fed, potentially leaning toward rate cuts to stimulate growth," said Aaron Hill, senior market analyst at FP Markets. "For gold, the disappointing jobs data reinforces its role as a hedge against economic uncertainty, supporting prices as investors seek stability."
According to the CME FedWatch tool, the market currently sees a 92% probability of the Fed easing monetary policy in September. Last Thursday, the market saw only a 38% chance of a rate cut.
Jamie Cox, managing partner at Harris Financial Group, said the Federal Reserve may ultimately regret its decision to hold interest rates steady earlier this week.
"A rate cut in September is a definite possibility, perhaps even a 50 basis point cut, to make up for lost time," he said.
Naeem Aslam, chief investment officer at Zaye Capital Markets, said he sees the potential for gold prices to steadily rise to $3,400 an ounce given the sharp shift in interest rate expectations.
"If the Fed signals a dovish stance, speculative inflows could push gold prices above the psychological $3,400 level, especially as investors seek safe havens during economic uncertainty," he said. "Technical indicators, such as a bullish trend in gold ETFs and rising open interest, support this potential breakout. We believe traders are already positioning for a dip bounce, with some analysts pointing to seasonal patterns in gold that typically gain traction after August. While volatility may still limit near-term gains, the overall trend looks positive, and the typical summer lull may be over."
This week will be light on economic data, with investors continuing to digest Friday's jobs report. Meanwhile, some analysts expect the economic uncertainty stemming from President Trump's ongoing trade war and global tariffs to further boost safe-haven demand for gold.
Trade tensions are providing another layer of support for gold. President Trump set an August 1st deadline for countries to finalize a trade deal. While the United States reached agreements with Japan and the European Union, resulting in a 15% increase in import tariffs, many major trading partners still face the risk of tariff increases.
As a result, exports from many countries now face significant cost increases. Specifically, Canada, the United States' second-largest trading partner, faces a 35% tariff increase. Meanwhile, India faces a 25% increase, Taiwanese exports will be subject to a 20% tariff, South African products face a 30% tariff, and Swiss goods face a 39% tariff.
Pepperstone market strategist Michael Brown said he remains bullish on gold, citing global trade uncertainty as a key factor driving its value as a monetary asset.
He said: "The diversification of reserves away from the US dollar and into gold, particularly in emerging markets, will continue for the foreseeable future. Of course, potential safe-haven demand stemming from concerns about the state of the US economy will further support the bullish view. The upside levels to watch remain the $3,400 mark, followed by a high of around $3,445, and then a potential run towards the all-time high of $3,500. I certainly wouldn't rule out the possibility of new highs in gold prices before the end of the year."
Chris Vecchio, Head of Futures Strategy and FX at Tastylive, said he sees gold as a very beneficial global currency.
"Tariffs mean that countries will trade less in US dollars, so I expect gold to continue to perform well as the world searches for an alternative monetary asset."
Gold prices are fluctuating. Is a correction coming?Gold surged last Friday, directly breaking through multiple moving average resistance levels. This trend is quite strong. Currently, the 5-day moving average has turned upward, indicating short-term upward momentum; however, the 10-day moving average remains slightly downward, indicating some divergence in the short- and medium-term trends. The 20- and 30-day moving averages have flattened. Overall, the short-term moving averages are less reliable, making it difficult to clearly predict the precise short-term trend based on them.
Since mid-May, gold has been fluctuating widely at high levels. Within this trend pattern, continued monitoring of fluctuations within this broad range is warranted. Until a major trend breakout occurs, the overall approach should be to maintain a volatile outlook and avoid prematurely declaring a unilateral trend.
The upper resistance level is around 3375, which has been repeatedly suppressed during previous price fluctuations. Focus on support in the 3340-3335 area below. This marks the low point after last Friday's sharp rise. The market has stabilized in this area and continued its upward trend. If the decline is significant, the 3300 round-number resistance level will need to be monitored.
Trading strategy:
For aggressive trading, short around 3375 with a stop-loss at 3385 and a profit range of 3345-3335.
XAUUSD – Bullish Reversal or Just a Deep Correction?Last week was a wild one for Gold.
After a quiet start and some choppy price action, the market dropped hard on Wednesday, breaking not only the 3300 key level but also the 3280 horizontal support — and what followed was anything but calm.
As expected after a strong move, the price pulled back to retest the broken support.
But Friday changed everything.
Instead of continuing down, Gold reversed sharply, fueled by weaker-than-expected NFP data. Price surged 800 pips from low to high, breaking above both the 3310 resistance zone and the weekly high around 3335.
________________________________________
🧭 Key Question:
Are we back in the bullish trend, or is this just a strong correction of the 3440 → 3270 drop?
Since May, Gold has lacked a clear trend — so a step-by-step trading approach is the most advisable to adopt.
________________________________________
🔍 Outlook:
Given the strength of the reversal and the break above two important resistance levels, my bias is bullish.
• 📌 Support: 3335 — a pullback into this zone could offer a buy opportunity in line with the recent momentum.
• 📌 Resistance: 3375 is the next key level to watch.
• ❌ Invalidation: A drop below 3310 would cancel the current bullish scenario.
🧠 Final Thoughts
Gold’s recent move challenges both bulls and bears.
Yes, the bounce was strong. Yes, key resistance levels broke.
But with no clear trend since May, chasing long term direction can be risky.
That’s why a step-by-step approach is the most advisable to adopt — let the market confirm each move before committing to the next.
For now, the breakout above 3310 and 3335 leans the bias to the upside.
However, staying reactive — not being stuck with an idea — is the smartest approach.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
xauusd mondayMain Structure:
Trend: Bullish (clear CHoCH + BOS to the upside).
Liquidity sweep:
BSL (Buy Side Liquidity) above 3377 has been taken.
SSL (Sell Side Liquidity) below is likely the next short-term target for a retracement before continuation.
🧱 Key Levels:
Breaker Block – now acting as valid support. Price has already retested and rejected strongly.
Central Range Liquidity (POI) – optimal retracement area (around 3341.89), potential magnet zone for price.
Blue Box (Demand Zone) – a solid confluence area for long entries.
🧩 Expected Price Action (Scenario):
Short pullback: into the POI (Central Range Liquidity) → bullish rejection.
Small accumulation: minor range building → takes out minor SSL.
Bullish continuation: targeting previous BSL and possibly expanding into premium areas (3377–3390).
📍 Additional Notes:
Market structure confirms a bullish bias. So the plan is to buy the dip at the POI and breaker block zone.
If price breaks below the demand zone and breaker block, this setup is invalidated. Expect deeper retracement to around 3320 or the larger blue demand zone.
✅ Trade Plan Summary:
Element Value
Entry Around 3341–3345
Stop Loss Below 3329 (invalidation zone)
TP1 3366 (initial reaction)
TP2 3374–3380 (clean BSL)
TP3 3390++ (expansion target)
Let me know if you want me to turn this into a daily Gold template so you can match each New York session setup easily. Shall we build it? 🔥👑
Smart Money / Price Action 5min scalping road map# 📈 ABC Pattern Explained for TradingView (Smart Money / Price Action)
The **ABC pattern** is a 3-leg corrective move in market structure, commonly used in price action, Elliott Wave, and Smart Money trading. It's mainly used to identify **pullbacks** or **correction zones** before a continuation of the main trend.
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## 🔹 Structure of the ABC Pattern:
- **Point A**: The beginning of the move — often the end of a strong impulsive wave.
- **Point B**: The first retracement or pullback from Point A.
- **Point C**: The second corrective move that often goes beyond A, forming the completion of the correction phase.
The ABC legs can be:
- **A to B**: Impulsive or corrective.
- **B to C**: Generally a counter-trend retracement.
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## 🔸 How to Identify on Chart:
1. **Find a strong trend** (uptrend or downtrend).
2. **Look for the first correction** — mark it as Point A to B.
3. **Next wave** that attempts to continue the trend but fails — mark the end as Point C.
4. **Use Fibonacci tools** to measure:
- **B retracement of A** (typically 50%–78.6%)
- **C extension** of AB (typically 127.2%–161.8%)
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## 🔧 How to Draw on TradingView:
> You can use the `Trend-Based Fib Extension` tool or draw manually using the `Path` or `ABC pattern` tool.
### Step-by-Step:
1. Select the `ABC Pattern` tool from the **left toolbar** under “Prediction and Measurement Tools”.
2. Click on **Point A** (3320$).
3. Click on **Point B** (3350$).
4. Click on **Point C** (final corrective wave 3300$ ).
5. TradingView will automatically plot the shape with labels.
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## 🧠 Pro Tips:
- Look for **liquidity sweep** or **order blocks** near Point C.
- Entry opportunity is often **after C**, targeting a **continuation** of the main trend.
- ABC is often part of **larger structures** like **complex pullbacks** or **smart money retracements**.
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## ✅ Example Use:
- **Buy Scenario**:
- Strong uptrend → Price drops from A to B (retracement).
- Then price rises to C, failing to break above A → Possible new higher low formed.
- Enter long if price breaks above Point B again.
- **Sell Scenario**:
- Strong downtrend → A to B is a pullback.
- C attempts new high, fails → short entry after break of B.
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## 📌 Settings Tip for Mobile Users:
- Zoom in for better point control.
- Use “Lock” feature to prevent accidental move.
- Customize color and label visibility in the style tab.
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## 🔍 Keywords:
`ABC Pattern`, `Elliott Correction`, `Smart Money`, `Liquidity Grab`, `Break of Structure`, `Trend Continuation`, `Price Action Trading`, `Market Structure`
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