Gold Plan: Waiting for the 1000 Pips Drop UnderwayYesterday, I highlighted that the 3280 support zone looked fragile and warned of a potential breakdown.
However, once New York opened, bulls stepped in aggressively, pushing Gold above Friday’s close and triggering my stop loss along the way.
Key Question:
Has the bullish momentum changed the bigger picture?
Why I Still Expect a Drop:
- Despite yesterday's green close, the broader structure remains bearish.
- The 3370 resistance zone is still intact, and Gold is vulnerable under it.
- My target remains a move under 3280, aiming for the 3200 area.
T rading Plan:
I will continue to look for selling opportunities, especially on spikes toward resistance zones, targeting a 1000 pips move down.
Final Words:
The market needs to confirm the plan, but patience and discipline will bring the 🚀 in the right direction!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Xauusdsignal
The gold market fluctuated sideways. Waiting for a new trend?OANDA:XAUUSD During the Asian trading session, gold prices maintained a slight decline; in the early European trading, gold began to fall sharply, but it was still within the trend range expected by Quaid.
Today, the initial value of the US real GDP in the first quarter of 2025 will be released, and it is expected to grow by 0.3% at an annualized quarterly rate, after a strong growth of 2.4% in the fourth quarter of 2024.
If the world's largest economy unexpectedly shrinks, it will re-ignite bets on a sharp interest rate cut by the Federal Reserve. And this data will boost the upward trend of gold.
On the other hand, if the cooling of US economic growth is less than expected, it may bring a short-term relief to the overall market and the US dollar, which will continue to put gold under corrective downward pressure.
However, traders will remain cautious before the release of US ADP employment data this week; this data will limit the reaction of gold prices to GDP data. US non-farm payrolls will help the market assess whether US tariffs have had a substantial impact on the labor market.
Current trend analysis:
The daily line closed negative, and it is still bearish today. At the same time, yesterday's decline encountered 3300 support. In this pattern, regardless of today's strength, short once and see how the European session trends. If the European session falls, short the US session; if the European session rises strongly, the US session may remain volatile. If the European session breaks the downward channel, the US session may continue to fall.
Hi guys, if you want a solid trade, please wait for the US GDP data this morning. Quaid conducts gold trading after professional analysis.
Gold Stuck in Limbo- Sell Rallies, Ride the DropAfter the explosive rally that pushed Gold up to the 3500 area, the market quickly reversed with a sharp sell-off on April 22–23, dropping almost 2500 pips.
Since then, price has entered a consolidation phase.
Initially, the range was between 3270 and 3370, but since yesterday, the range has started to tighten — a classic sign that a breakout is approaching.
Looking at the structure, we’re dealing with a blow-off top followed by a range with clear support and resistance levels. In this context, I lean toward a downside breakout.
The key support is now at 3300 — and a break below it would likely expose 3270 again.
However, I don’t expect the move to stop there. If 3300 is broken, a continuation toward the 3200 zone becomes very likely.
🔹 Trading Plan:
As long as price stays below the 3360–3370 resistance zone, the strategy is to sell rallies, especially when price approaches the upper boundary of the range. Entries can be taken on rejection candles or confirmation patterns near resistance, with stops just above 3370. If 3300 breaks, watch for continuation setups toward 3200.
Only a sustained breakout above 3370 with strong bullish momentum would invalidate the bearish scenario and call for a reassessment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
4/30 Gold Trading SignalsGold showed limited movement yesterday and did not enter either of our predefined major trading zones, leading to minimal profits.
As of now, the price continues to consolidate. A larger movement is likely to occur during the U.S. session following key economic data.
Until then, consider short-term range trading between 3330-3290.
📌 Why Today’s Data Matters
Gold has been trapped in a tight range for several sessions, and a directional breakout is imminent.
Today’s data release will likely dictate that direction, so it is crucial to stay alert.
✅ Data-Driven Strategy:
If data is bullish (gold rallies):
Avoid chasing the initial breakout. Wait for the first spike to settle, then short the retracement, with a TP of less than $10.
If bulls remain strong, the retracement should stay under $20. Once short positions are closed, watch for confirmation to go long.
If data is bearish (gold drops):
If price doesn't reach the lower buy zones(3258-3223), wait for a minor rebound to short, targeting the next leg lower.
📌 Today's Suggested Trade Zones:
🔻 Sell Zones:
3378–3418
3330–3358
🔺 Buy Zones:
3258–3223
3110–3330 (ladder entries)
Gold is still on a volatile downward trendGold continues to fluctuate in the 1-hour chart, and the amplitude of fluctuations is beginning to narrow, which indicates that a change is getting closer. As for gold's current fluctuations, it is still in a downward trend.
Trading idea: short gold near 3318, stop loss 3330, target 3300
No fear of retracement, continue to be long on goldFundamentals:
1. First, focus on Trump and the Fed’s dynamics;
2. Pay attention to whether the geopolitical conflicts escalate, including the situation between India and Pakistan, Russia and Ukraine, and the situation between the United States and Iran, etc.
Technical aspects:
Gold fell after touching 3330, but it is obvious that the retracement space of gold is being compressed. The lowest price of gold only fell back to 3313, and it did not even make any attempt below 3310. With the continuous consolidation and strengthening of the support in the 3310-3300 area, the double bottom structure and the arc bottom form a technical resonance in the short term. Gold should still have room to continue to rise. I expect that gold is likely to continue to rebound and extend to the 3350-3360 area.
Trading strategy:
It is possible to consider going long on gold again after gold falls back to the 3315-3305 area, and expect gold to rise above 3350 as expected!
Volatile, Bearish Bias: Gold Trend Analysis & Trading TipsThe market is in a volatile trend with a bearish bias. Analysis of the gold market trend and trading suggestions
On Tuesday (April 29th), spot gold plummeted😲. Current price: 3306.49, down 1.14%. Opened at 3341.30, high of 3348.36, low of 3299.68
News in Brief
Trump's tough moves keep failing in the financial market😔. Bond market turmoil forced him to delay tariffs. Stock, bond & dollar slumps made him drop the Fed chair firing threat. His trade war "maximum pressure" strategy backfired against a major Asian nation💥. With losses piling up, he may cut tariffs. Legal battles at home are also mounting⚖️. Policy uncertainty could boost gold, but Fed rates or a soft landing might weigh on prices⏳.
Technical Analysis of Gold: After hitting 3500, gold declined😕. The current low is at 3260, which hasn't been broken in three daily trading days. With the pattern of alternating bull and bear candles, it's a clear wide-swing market😣. Don't chase trades as there's no continuity; it just moves back and forth.
On the daily chart, the trading range shifted from 3380-3260 last week to 3260-3330 but rebounded last night, returning to the wide range😲. The alternating bull-bear pattern makes the trend unsustainable these days. Today, the 5-day MA crossed below the 10-day MA, yet the opening price was above the 5-day MA, a divergence🤔. So, a downward correction was expected below 3332. Now there's a small bearish candle, and a small one with a long lower shadow may follow😏.
⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️
🚀 Sell@3330 - 3320
🚀 TP 3300 - 3280
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
Key intervals and trend judgmentKey range and trend judgment:
The current gold price is in a narrow range of 3300-3305 support zone and 3325-3330 pressure zone. Technical analysis:
1. Support logic:
- 3300 is an integer psychological barrier, which coincides with the MA60 moving average (dynamic support) of the 1-hour chart;
- After hitting the bottom of 3300 several times recently, it rebounded and formed a short-term bottom structure.
2. Pressure logic:
- 3330 is the upper rail resistance of the Bollinger band on the 4-hour chart, and it is the previous high-intensive trading area;
- The top divergence signal appears at the MACD daily level, suppressing the upward space.
3. Volume characteristics: Shrinking volume oscillation, need to wait for breakthrough and large volume to confirm the direction.
Trading strategy and operation plan
1. Buy low and sell high within the range (short-term)
Long position strategy:
Entry point: 3300-3305 range (price retracement does not break, and 1-hour chart RSI <30), try long with a light position. Take profit target: 3315 (first target), 3325 (second target) Stop loss 3292 (break through the previous low support).
Short position strategy:
Entry point: 3325-3330 range (price touches pressure and falls back, 15-minute chart MACD dead cross), try short with a light position, take profit target: 3310 (first target), 3300 (second target); Stop loss: 3338 (break through the previous high pressure).
2. Follow the trend after the breakthrough (trend following) Upward breakthrough (stabilizing 3330): Pursue long signal: the price breaks through 3330 with large volume and then falls back without breaking, the target is 3350-3360 (previous high of the daily line);
Stop loss: 3320 (below the breakthrough point).
Downward break (falling below 3300): Pursue short signal: the price falls below 3300 and the pullback confirmation is invalid, the target is 3280-3260 (weekly MA20 support); Stop loss: 3310 (above the break point).
Pattern interpretation:
- The 4-hour chart converges in a symmetrical triangle, and the theoretical target after the breakthrough is the height of the triangle ; If it breaks upward, the target is 3350; if it breaks downward, the target is 3270.
Volume coordination: When breaking through, the trading volume needs to be enlarged by more than 20%, otherwise be alert to false breakthroughs.
Gold is in the stage of oscillating and choosing direction in the short term, and the strategy is mainly to sell high and buy low within the range + follow the breakthrough.
Gold moves sideways ahead of US GDP news. What's next?OANDA:XAUUSD Optimism about US trade talks with major partners boosted risk appetite and supported the dollar. The US Treasury released a report that talks with India made good progress, while President Trump softened his rhetoric on China, which also boosted the dollar. Meanwhile, traders are on the sidelines ahead of the release of US first quarter GDP data. If the data is weak, gold as a safe haven asset may rise sharply. Therefore, the gold market remains sensitive to trade news and macro data, especially in the context of market rebalancing at the end of April.
Currently, as part of the current momentum and correction, Quaid expects gold prices to rise from the 0.5-0.7 Fibonacci area. Gold prices may test 3325-3330 in the consolidation range and then resume the correction.
Resistance: 3325, 3350, 3370
Support: 3290, 3270
Traders please wait for the resolution of the tariff dispute and the economic data to be released tomorrow. However, during price consolidation, Quaid expects the price to bounce off the support levels. If the price continues to squeeze towards any boundary, giving priority to the support level, the possibility of breaking out of the consolidation bottom may increase.
4/29 Gold Trading SignalsThe buy orders initiated around 3273 yesterday have already delivered solid profits.
After a slight rally at today’s opening, gold prices have pulled back.
Currently, the candlestick formation shows no clear directional trend, while some short-term technical indicators are pointing downward.
Before any corrective signals appear, we need to closely watch the support near 3306.
As long as this level holds, the short-term bullish momentum still has a chance to continue.
On the news side, today's scheduled data releases are of minor impact.
Focus instead on developments regarding the India-Pakistan situation and US Treasury Secretary Bessent’s press conference.
If geopolitical tensions escalate, gold may break out to new highs.
🔹 Today's Trading Strategy:
Sell within 3407-3428 zone
Buy within 3258-3223 zone
Flexibly trade between 3346-3313 / 3378-3336 / 3273-3316 zones
Please manage your positions carefully and stay alert for unexpected market moves.
Gold plunged $36 during Asian trading hours. What's the reason?Spot gold suddenly fell sharply during the Asian session, and the current price of gold is around $3,310/ounce, a plunge of $36 during the day.
In the optimistic market sentiment, the recovery of US dollar demand seems to put downward pressure on gold prices.
Quaid believes that optimism about the possible progress in trade negotiations between the United States and its major trading partners supports risk appetite, boosts the performance of the US dollar against major currency competitors, and gold sellers are trying to regain control.
The Wall Street Journal said that weakening the impact of auto tariffs is the latest concession of Trump's trade policy after market turmoil and fierce lobbying by companies and other countries.
Looking ahead to this trading day, trade headlines and the re-adjustment of positions at the end of the month will play a key role in driving gold prices.
Trading analysis:
From a technical point of view, gold prices are currently trying to break down again after failing to confirm a break below the three-week rising channel on Monday. However, as the 14-day relative strength index is still above the midline, any decline in gold prices may be quickly bought.
During Asian trading hours, gold must close at the rising trend line support of $3,300/oz to confirm a break below the rising channel. Long-term important support for gold prices is in the $3,260/oz area.
If gold prices continue to fall below the above level, a new downward trend towards the $2,975 area will begin.
If buyers defend the above channel support of $3,300/oz, a rebound to the static resistance of $3,370/oz will be inevitable. If gold prices continue to recover, the target will be $3,400/oz, followed by the historical high of $3,500/oz.
The market is currently in a state of sideways fluctuations. I hope Quaid's analysis can help all traders understand the trend of gold in depth.
Gold's counterattack? Today's market analysisGold has repeatedly tested the 3260-3270 area to gain support. Gold has formed multiple bottom structures in the short term, so the short-term adjustment of gold may end.
Gold has formed multiple bottom structures in the 1-hour, and the 1-hour moving average has also begun to gradually turn. If it can turn upward and form a golden cross, then the 1-hour bulls of gold will exert their strength again. Stimulated by risk aversion, gold in the U.S. market once again broke through and rose, and finally broke through Monday's high. Then the first-line suppression of gold near 3335 did not form effective resistance. When gold fell back in the Asian market, we first followed the trend and went long. Gold quickly bottomed out at 3320 first-line support in early trading and then rebounded quickly. Then gold should only be operated in the short term or go long on dips.
Operation ideas:
Short-term long: 3310-3315 long, stop loss 3300, target 3350-3370;
Short-term short: 3350-3360 short, stop loss 3365, target, 3315-3310;
Friends, don’t be afraid of missing the market, wait patiently for your own opportunity, the market will never neglect those who are prepared.
Is gold’s adjustment over? Can we go long?Gold has repeatedly tested the 3260-3270 area to gain support. The short-term gold trend has formed multiple bottom structures, so the short-term gold trend may be over. Currently, gold is mainly long around 3330.
Trading ideas: Buy gold near 3330, stop loss 3320, target 3360
XAUUSD: Massive Volatility, Weak Support at 3270!Last week was extremely volatile for Gold, with incredible swings that caught many traders off-guard. After reaching a new all-time high at 3500, the price dropped by more than 2000 pips in less than 24 hours!
After this crash, the market settled somewhat, and towards the end of the week, Gold established a strong ceiling around 3370 – exactly as we discussed in last week's analysis.
The key question now: Is the correction over or is there more downside coming?
At the same time, we can clearly observe a floor around 3270, a level that Gold is testing again at the time of writing.
Here’s why I believe the correction is not over yet:
- Price action remains vulnerable below 3370 resistance.
- The support at 3270 looks fragile, with pressure building for a break.
- Market volatility is still extremely high, favoring continuation moves.
Trading Plan:
I am looking to sell rallies above 3300, aiming for a target around 3200.
Due to the recent wild volatility, I will adjust my stop losses accordingly, allowing enough room for noise without exposing the position to unnecessary risk.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Gold has the potential to rebound towards the 2338 "Gold has the potential to rebound towards the 2338 area, but first, a correction to the 3212–3293 range is needed to create a strong momentum for further upward movement."
Today's Scenario: XAUUSD Trading Strategy Around the Key Price Zones
🔻 Sell XAUUSD around 3338
Stop Loss: 3346
Take Profit 1: 3328
Take Profit 2: 3218
Take Profit 3: 3212
🔺 Buy XAUUSD around 3212
Stop Loss: 3200
Take Profit 1: 3218
Take Profit 2: 3225
Take Profit 3: 3230
Note: Always set a Stop Loss in every trade to manage risk and protect your capital.
Gold is trying to break through the upward channelGold started the new week on a bad note, hitting a low of 3260 in the morning, followed by a small shock adjustment; then it began to rise sharply. As of press time, it has risen to around 3350 and tried to break through the upward resistance.
Although some of gold's safe-haven appeal has weakened, its overall forecast and price trend remain optimistic. Until we see clear lower highs, lower lows, and a solid trade agreement rather than more political bragging from the Trump administration, the possibility of gold setting new highs cannot be underestimated.
Surface calm hides potential risks
Although last week's market movements and today's early trading performance show that the market is calming down, any sense of security is fragile. Under the surface, key risks remain: trade tensions, recession concerns, and uncertainty about monetary policy are real. Ongoing trade negotiations remain a key factor. If the United States sticks to its position on tariffs or the negotiations break down, risk aversion may quickly pick up, boosting demand for gold again.
Quaid's analysis:
Based on last week's market situation, Quaid conducted an analysis of gold's trend this week over the weekend. As I predicted, gold is trying to break through and try a new high.
Gold has risen to around 3350, and 3365 is a key resistance level in the upward trend. If the gold price breaks through this position and can maintain horizontal development, it will continue to rise in a stable situation.
From the upside, the initial resistance level is $3365, followed by $3430. If the bullish momentum is restored, it may soon hit the historical high of $3500 again.
On the contrary, if the price fails to break through the 3365 resistance level, Quaid believes that it is necessary to pay attention to the key support at the 3285 position.
#XAUUSD:From Our Last Analysis 534+ Pips What Next?We published our analysis on gold on April 24th, highlighting the bullish market presence. The price indeed reversed from our zone, enabling us to make a significant move of over 234 pips. We anticipate a continuous price increase from our entry zone, potentially reaching 3500$. There are several reasons behind this belief. Firstly, the escalating war-like tension between India and Pakistan could lead to a surge in gold prices, potentially surpassing the previous high. Secondly, the heightened tensions among global investors are expected to result in an extreme bullish movement in gold prices.
Given the volatility of gold, we recommend trading cautiously and taking extra precautions while trading gold.
Wishing you good luck and safe trading!
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GOLD Bears in Control? Potential Short Setup!Hi traders! Analyzing XAU/USD on the 1H timeframe, price is rejecting from a key resistance inside the descending channel.
🔹 Entry: 3,318
🔹 TP: 3,271
🔹 SL: 3,369
Gold is respecting the upper trendline of the downtrend channel, and momentum remains weak. After a small bounce, sellers have stepped in again, suggesting a possible continuation to the downside.
RSI remains below the 50 mark, favoring bearish pressure. A break below 3,300 could confirm acceleration towards the target zone at 3,271.
Watching closely for bearish continuation signals!
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.