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Gold Futures Hit $3,534 – Spot Lags by $100. What Could Mean?I don’t usually track Gold Futures every single day, but today a fellow trader drew my attention to something — and it’s impossible to ignore. Gold Futures just printed an all-time high at $3,534, while spot gold (XAUUSD) topped at $3,409 — a $120 spread at the peak, now narrowed to about $100 at the time of writing. A spread like this is highly unusual and, more importantly, unsustainable. By the time the August 27th contract expires, futures and spot must converge to the same price. That means one of two things is about to happen — and either way, the move would be explosive. 1. Bullish Scenario – Futures Are Right If the futures market is telling the truth, spot gold will have to accelerate higher to close the $100 gap. If XAUUSD stabilize above $3,400, the odds of a push toward its own ATH become significant — and the move could be fast and aggressive. ________________________________________ 2. Bearish Scenario – Futures Are Overreaching If futures are overshooting, they will have to correct — hard. From a technical standpoint, if spot will drop below $3,370, the door to a continuation is open toward at least $3,330 support. A 400-pip drop in spot could translate into at least a 1,000-pip drop in futures, bringing the spread back toward its more typical 20–30 range. ________________________________________ Why This Matters? Regardless of direction, $100+ spreads do not last. In the next three weeks, one side will be proven wrong, and the prices will snap back together. Looking back at this year’s price action, spot and futures have always mirrored each other with an average spread of 20-30usd, depending on conditions and expectation, and for example: • The spot ATH at $3,500 matches $3,509 in futures. • The May low was identical in both markets. This current divergence is the outlier — and it’s screaming that a major move is coming. ________________________________________ Bottom line: If futures are right, spot gold is about to rip higher. If spot is right, futures are about to collapse.
OANDA:XAUUSD
by Mihai_Iacob
12
Gold – Bulls Hold the Line, Pressure Builds for Upside BreakoutIn yesterday’s analysis, I argued that following Tuesday’s reversal — which printed a strong continuation bullish Pin Bar — buyers had regained control despite the intraday pullback. For this reason, I suggested looking to buy dips, as the structure remained constructive. And once again, during yesterday’s session, the scenario repeated itself. The drop toward the 3360 zone was met with renewed buying interest, keeping the bullish structure intact. ________________________________________ 🔍 Technical Context – Higher Lows Building Pressure At the time of writing, Gold is trading around 3380, a short-term resistance area that has capped gains so far. However, the technical picture remains bullish: Starting with Monday’s low at 3340, which came after a strong impulsive leg up, price has printed a clear succession of higher lows. This behavior strongly suggests increasing buying pressure and builds the case for a potential breakout to the upside. ________________________________________ 🎯 Trading Bias – Holding My Long Position My bias remains bullish. In fact, I’m currently holding a long position, entered yesterday, which is now running with a 150 pips unrealized profit. I’m sticking with the trade, anticipating that a confirmed break above 3380–3390 could trigger upside acceleration toward my final target — a 750 pips profit objective. ________________________________________ 🔄 What to Watch Next • Daily close: A close above 3380=3385 zone would add confirmation to the bullish thesis. • Key support: The zone around 3360 is now support. • Breakout trigger: A move above 3380–3385 could unleash momentum buying and open the path to higher levels. ________________________________________ Let’s stay patient and let the market confirm the breakout. Until then, the structure favors the bulls. 🚀 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.
TRADENATION:XAUUSDLong
by Mihai_Iacob
10
Gold Price Action Update: Neutral to Bearish BiasThis week, apart from my short trade on Tuesday, I’ve maintained a bullish outlook on Gold, suggesting buying the dips with the expectation of a breakout above the 3380-85 zone. I was targeting an acceleration above 3400 and eventually 3440. I followed through with this idea and bought in anticipation of the move. However, something about Gold's recent price action raised a red flag for me, prompting me to close my buy positions. Let’s break it down: Starting yesterday morning, the price action became erratic. Initially, we saw the expected breakout, but it was quickly reversed, and the price action turned choppy. Then came a series of quick pumps, followed by quick reversals—each time the market would move up, only to fall back again. As of writing, we’re sitting at 3388. This kind of erratic movement usually suggests that we’re nearing a top, and even if Gold spikes again above 3400, I don’t want to hold positions in a market that’s so volatile and unsustainable in either direction. So, I’m out for now, adopting a neutral to bearish stance. If the price drops below 3370, it would indicate a likely top formation, and at that point, I’ll be looking to sell rallies; till then, wait and see. 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.
TRADENATION:XAUUSD
by Mihai_Iacob
5
Correction starts waiting for lower level to BUY✏️ CRYPTO:BTCUSD has broken the accumulation zone and established a corrective wave. With the main resistance zone being the lower boundary of the accumulation pattern 115600. In the larger timeframes, the BTC trend still has a strong bullish wave in the coming time. Therefore, these recovery waves are considered good opportunities to buy. 📉 Key Levels BUY zone 110000 BUY Trigger Break and trading above 115600 Leave your comments on the idea. I am happy to read your views.
CRYPTO:BTCUSDLong
by VHT_Trader
12
XAUUSD - The bullish backdrop remains strongOverall Market Sentiment The bullish background remains strong: the dollar index is putting pressure on gold, while geopolitical tensions and expectations of a rate cut by the Fed are increasing demand for the safe-haven asset Direction by indicators: on Investing.com — 9 “Buy” signals against 3 “Sell” signals on moving averages and a neutral overall state Support and resistance levels Key support levels: $3,320 and $3,368–$3,340. A rebound from this zone could serve as a starting point for growth Resistance: it is important to break $3,400 — a psychological and technical barrier, above which a directional move to $3,450 and beyond will open Short-term scenario (LiteFinance): gold is testing resistance in the $3,380–$3,391 zone; a drop from there could lead to $3,330 → $3,268, and a breakout to the upside would accelerate growth to $3,493–$3,515 Union traders are noting the movement after the breakout of $3,375: possible targets are $3,390, $3,402.56 and $3,416.39. A breakout below $3,374.91 could send gold to $3,358.25, $3,350.01 and $3,341.18 1H chart analysis: Gold confidently broke through the $3,350 level, opening a bullish scenario, confirmed by macro dynamics and expectations of monetary policy easing
ICMARKETS:XAUUSDLong
by Trade_Hive_Signals
1
XAUUSD Ascending Channel Run to Supply Trade IdeaGold (XAUUSD) remains in a bullish trend 📈, forming higher highs and higher lows within a well-defined ascending channel ↗️. Price is approaching a recent swing high near resistance 🧱, and I’m watching for a short-term pullback into channel support 🔄 before a potential continuation higher toward the supply zone above 🎯. This structure aligns with Wyckoff’s markup phase ⚡, where pullbacks serve as tests (LPS) before further upside. As long as price holds above the channel’s lower boundary 🛡️, the bullish bias remains intact — a break below would invalidate the setup ⚠️. Not financial advice.
FX:XAUUSDLong
by fxtraderanthony
1
The best ambush point for short positions below gold 3400.The daily structure of gold still maintains a bullish dominant pattern. The upper target is the upper Bollinger band of 3400. If it breaks through this position, the upside space will be further opened up. The 4-hour Bollinger band is gradually closing, and the price is fluctuating in the range of 3400-3360. In the short term, it is still treated with range thinking. Before an effective breakthrough, the operation can adopt a high-altitude and low-long strategy. Gold is currently at a critical node of change. If it rises and falls in the evening, it may release a temporary peak signal. The area below 3400 is expected to become an opportunity for the layout of medium-term short positions. The overall recommendation is to remain cautious, respond flexibly to changes in rhythm, and strictly control risks. Gold operation suggestion: You can continue to try short selling in the 3390-3400 range, with the target at 3380-3370.
OANDA:XAUUSDShort
by Trade-Daniel
8/8: Continue to Focus on Selling, Watch Support at 3372–3366Good evening, everyone! Today, after breaking above the 3400 level, gold experienced a pullback. The current structure shows dense support below, with previous resistance levels at 3378, 3372, and 3366 now turning into support. On the daily chart (1D), price remains above the MA20, and the MA5 (~3382) serves as key short-term support. The candlestick formation still reflects a bullish structure for now. However, the 4-hour chart (4H) reveals significant upward resistance, and unless the 4H structure is repaired, the market may favor a corrective or consolidation phase in the near term. 🔍 Trading Outlook: For the remainder of today’s session and early next week, the strategy should primarily focus on selling into strength. If the 4H chart corrects via a direct price retracement, gold could potentially test the 3348–3337 support zone. Prior to that, closely monitor the 3372–3366 area as the primary short-term support and pivot zone.
FOREXCOM:XAUUSDShort
by China_MsWang
Only look for BUY signal points in the current trend of Gold✏️The D1 candle closed with strong bullish force at the end of the day. The gold trend is still increasing wave 3 and there is no sign of correction. The reaction around 3385 in the Asian session this morning is being awaited to see if it is a recovery of Gold or not. The BUY strategy at important support zones is still maintained and pay attention to the price reaction of the candle. 📉 Key Levels Support 3363-3346-3332 Resistance 3385 - 3407 Buy trigger: Confirmation of buying candle at support zones 3363-3346-3333 Target: 3400.00
OANDA:XAUUSDLong
by VHT_Trader
10
Gold (XAUUSD) – 4H Price is currently consolidating near the 3373 level, showing strength above the dynamic support zone and mid-range trend bands. A bullish breakout continuation appears likely, especially if the asset holds the 3360 support zone, which aligns closely with the 38.2% Fibonacci retracement from the recent impulsive move. Ideal Entry: Zone: 3360–3365, aligning with a pullback to the Fibonacci 38.2% retracement level and mid-band support. Invalidation: A clean break and close below 3335 may suggest a deeper retracement or reversal. 🎯 Fibonacci based Targets: Target 1: 3389 – Immediate resistance and equilibrium level; ideal for partial profit booking. Target 2: 3422 (38.2% Fib extension) – A stronger extension target in line with the recent highs. Target 3: 3443 (61.8% Fib extension) – Key swing extension; potential exhaustion or reversal zone. Stop Loss: Below 3335 As long as price maintains above 3360, the bullish momentum remains valid. Look for bullish candlestick confirmation at entry and increasing volume for confirmation of a move toward the Fibonacci targets.
OANDA:XAUUSDLong
by VisionaryInsights
XAU/USD 08 August 2025 Intraday AnalysisH4 analysis: -> Swing: Bullish. -> Internal: Bullish. You will note that price has targeted weak internal high on three separate occasions which has now formed a triple top, this is a bearish reversal pattern and proving this zone is a strong supply level. This is in-line with HTF bearish pullback phase. Remainder of analysis and bias remains the same as analysis dated 23 April 2025. Price has now printed a bearish CHoCH according to my analysis yesterday. Price is now trading within an established internal range. Intraday Expectation: Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200. Note: The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively. Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics. H4 Chart: M15 Analysis: -> Swing: Bullish. -> Internal: Bullish. H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS. The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price. As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish. Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback. Intraday Expectation: Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375. Note: Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment. Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws. M15 Chart:
OANDA:XAUUSD
by Khan_YIK
Gold trading rhythm is perfectly matchedIn the previous strategy, we recommended maintaining a high-selling and buying-low strategy for gold. We accurately predicted the high point near 3397 and arranged short positions near 3395. It then fell steadily to around 3371. Judging from the current gold trend, gold rose and then fell in the European session, touching around 3397, which is exactly the pressure level of the upward channel trend line. The Bollinger Bands in the 4H cycle closed, and the indicators temporarily showed signs of differentiation, but the overall market was resistant to declines at high levels. The current short-term support is around 3375-3370. If it does not break the short-term, it will still be volatile. If it falls below, the strong support of 3360 will be seen. The upper pressure levels are 3385, 3398-3400. In terms of operation, we still maintain a high-altitude, low-multiple short-term strategy. I will give the specific operation ideas at the bottom, remember to pay attention in time!
OANDA:XAUUSDLong
by Trade-Daniel
2
The triangle pattern is about to break through and hit 3400#XAUUSD Although the price of gold was too high last night due to the rise in risk aversion, the upward momentum weakened significantly in the evening, and it fluctuated sideways at a high level. Gold is currently consolidating within a triangle pattern, with a short-term price increase reaching the triangle's boundary. A break above 3385 could lead to significant intraday gains. Meanwhile, the downside is defending short-term support at 3365. As long as this support level remains intact, the bullish trend remains intact. If the European session gives an opportunity to fall back to the 3375-3365 support area without breaking, you can consider going long and look at 3395-3405, and if it breaks, look at 3415.
OANDA:XAUUSDLong
by Halson_Winston
2
Strike with precision and win in the gold trading market!Gold continues to fluctuate in an upward structure, with lows gradually rising, showing that the bulls are still in a dominant position. The current key support has moved up to the 3360 line. Before this position is effectively broken, the overall idea is to maintain a low-long strategy. It should be noted that the current market has been consolidating at a high level for three consecutive days, and has the basis for further strengthening. It is not advisable to wait for a sharp pullback at this time, but to pay attention to the continuity opportunities of direct pull-ups. It is recommended to seize the strong continuation opportunities in the current period in terms of operations, and strategically postpone it to the European and American trading sessions for simultaneous execution. Specifically pay attention to the long order layout opportunities in the support area of 3375-3360, and the upper resistance is around 3390-3405. Overall, we should flexibly participate in the high-altitude and low-long rhythm in this range. It is recommended to wait and see in the middle position, chase orders cautiously, and wait patiently for key points to enter the market.
OANDA:XAUUSDLong
by Trade-Daniel
Elliott Wave Analysis – XAUUSD | August 7, 2025📊 ________________________________________ 🔍 Momentum Analysis: • D1 Timeframe: Daily momentum is turning bearish, signaling that a medium-term downtrend may have already started and could last until mid-next week. • H4 Timeframe: Momentum is rising, but the slope of the two momentum lines is relatively flat → indicating weak bullish strength. We should closely watch the overhead resistance zones. • H1 Timeframe: Momentum has entered the overbought zone → a short-term reversal is likely, especially near the 3386 level. ________________________________________ 🌀 Elliott Wave Structure: • Based on the bearish momentum shift on the D1 chart, we expect the market is entering an ABC corrective pattern (in green). • Currently: o Wave A is completed. o Wave B is in progress. • Since Wave A appears to be a 3-wave structure, Wave B may unfold as a flat correction. In that case, potential target zones for Wave B are: o 3385 o or 3395 → these are the key resistance levels to monitor. • Within Wave B (green), we observe an internal 3-wave ABC structure (in red), where: o Wave C (red) may reach:  3386  or extend toward 3395 → In alignment with the D1 momentum signal, 3386 is considered a potential entry point for a short position. ________________________________________ 📈 Trade Plan: • SELL Zone: 3386 – 3389 • Stop Loss: 3397 • Take Profits: o TP1: 3370 o TP2: 3353 o TP3: 3333
OANDA:XAUUSDShort
by WavePoint_FX
Bullish Momentum Builds: Gold Set to Challenge 3400 and BeyondAlthough gold encountered resistance again near 3385 in the short term, the retracement has not been effectively continued so far, and the downward momentum is not particularly strong. Gold has always remained above the 3375-3365 area, with strong buying support below and the market bearish sentiment is not serious. In comparison, the bulls still have a considerable advantage! The current gold price structure clearly maintains a strong bullish trend. With gold reclaiming the 3375-3365 area yesterday, bullish sentiment has further strengthened. As gold's center of gravity shifts upward, multiple strong support areas have formed below, limiting any potential pullbacks and further supporting its upward trajectory. Therefore, as long as gold can maintain above the 3375-3365 area, I believe that gold will definitely refresh the short-term high of 3390 again, and is expected to launch a strong impact on the 3400 mark, and may even continue to the 3420-3430 area. So for short-term trading, I don’t have much desire to short gold for the time being. I am happy to watch for opportunities to enter long positions after gold retreats to the 3375-3365 area!
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Institutional Gold Strategy Note – August 7, 2025🔍 Executive Summary Gold (XAU/USD) continues to hold firm above the $3,370 handle, supported by a bullish macro narrative and confirmed technical structure on the 4-hour chart. Amid dovish expectations from the Fed and soft labor market data out of the U.S., bullion maintains its premium as a hedge, attracting institutional flow in line with the rate-cut narrative for Q3–Q4. Today’s market profile suggests a high-probability long setup, anchored in a fresh demand structure just below current price, supported by unmitigated institutional order flow, premium discount levels, and clear liquidity sweeps. 🎯 Directional Bias: Bullish–Transitional While price is consolidating around $3,378, the underlying structure favors a bullish continuation. A Change of Character (CHoCH) has been confirmed on the 4H chart, suggesting a shift from corrective to impulsive intent. Liquidity remains stacked below recent equal lows, and the premium-to-discount array strongly favors buy-side execution. 🟩 Primary Buy Zone (GOLDEN ZONE) Entry: $3,350–$3,355 | Stop-Loss: < $3,340 | Targets: $3,400 / $3,430 This zone represents the highest institutional quality setup of the day. It aligns with: A fresh unmitigated Rally-Base-Rally Demand Zone A refined Bullish Order Block within optimal trade entry (OTE) discount range A Fair Value Gap (FVG) aligned with internal BOS leg Equal Lows (EQL) sweep below $3,355, targeting liquidity Overlap with volume imbalance, suggesting a clean institutional leg Clear CHoCH confirming bullish structure Kill Zone Alignment: Asia–London overlap, pre-London accumulation This zone is statistically favored for execution by both Smart Money and legacy institutions, given its confluence density and asymmetrical risk profile. 🟥 Primary Sell Zone Entry: $3,385–$3,390 | Stop-Loss: > $3,400 | Targets: $3,350 / $3,320 A valid counter-trend liquidity sweep opportunity, located above short-term equal highs near the psychological $3,400 level. Key confluences include: Drop-Base-Drop Supply Zone Overlapping FVG + OB in premium zone Alignment with OTE premium retracement Liquidity cluster near recent EQH Structural resistance + round-number magnetism Execution window during London–NY overlap This zone is valid only for short-duration scalps or short-term reversal positioning. 🟢 Fallback Buy Zone (If Primary is invalidated) Entry: $3,320–$3,325 | SL: < $3,310 | TPs: $3,400 / $3,430 A deeper mitigation zone with reduced confluence but adequate historical support. This zone captures: A mitigated OB inside Demand 0.618 Fib retracement from internal BOS Liquidity sweep potential of a broader EQL stack Minor structure support Use only if the market sweeps the primary zone and rebalances deeper. 🔻 Fallback Sell Zone (If Primary Sell fails) Entry: $3,410–$3,415 | SL: > $3,420 | TP: $3,350 Set well above prior resistance, this extended zone aligns with: Extended Supply + Unmitigated OB FVG inside premium OTE zone Recent accumulation liquidity trap (potential fakeout zone) Session mispricing during NY–Asia rollover Use only if price impulsively breaches the $3,400 psychological barrier and stalls near the top of an exhaustion leg. 🌐 Institutional Cross-Validation Citi Group has upgraded its 3-month Gold forecast to $3,500, citing weakening U.S. macro data and elevated inflation expectations as bullish catalysts. Reuters and FXStreet confirm Gold's hold near 1-week highs with sentiment strongly skewed toward continued demand amid Fed rate-cut odds exceeding 90%. TradingView pro charts show confluence with OB/FVG zones at both $3,355 and $3,390, validating both primary zones technically. 📌 Final Notes Action Bias: Aggressively long from $3,350–$3,355 with tight structure-defined invalidation. Hold shorts only from $3,385–$3,390 under strict reversal logic. Risk Reminder: All zones are built from 4H structural flow only. Intraday volatility outside kill zones may distort price behavior — wait for displacements and internal breaks before entering. Manage partials at 1.272 extension and hold runners toward 1.618 only if structure confirms.
OANDA:XAUUSD
by Tami512
XAUUSD Technical AnalysisGold is currently trading within a rising wedge pattern on the 1-hour chart. The price recently touched the upper trendline of the wedge and faced a strong rejection, indicating bearish pressure. If the price breaks below the lower boundary of the wedge, it will likely trigger a sharp bearish move. Key downside targets after a confirmed breakdown are: 3340 3300 3270 If Gold drops below 3270, the next significant support lies at 3250 on the daily chart. A daily close below 3250 will confirm a shift in the medium-term trend, opening the path toward the 3000 psychological level. OANDA:XAUUSD
OANDA:XAUUSDShort
by SaklainManzoor
Gold (XAU/USD) - 2H Wave Setup + Scalp Opportunities# 🔻 Gold (XAU/USD) - 2H Wave Setup + Scalp Opportunities Ahead **By: Mohsen Mozaffarinezhad** 📅 August 7, 2025 | ⏰ Valid through August 8 (End of NY Session) ⏱ Timeframe: 2H 📌 Method: Elliott Wave + Supply/Demand + SSL Hybrid Confirmation --- ## 🧠 Market Context: Price has completed a **strong bullish leg** and is currently forming a classic **(a)-(b)-(c)** corrective pattern. We are now between **point (b)** and the potential completion of **(c)**. The broader market is expected to **retest the lower demand POI**, possibly before resuming the uptrend. --- ## 🔎 Technical Highlights: - 📉 Bearish correction in progress: (b) → (c) - 📦 Major **Supply** above 3,390 – acted as rejection point - 🟦 Strong **Demand Zone**: 3,345 – 3,320 - 🔁 Price forming a potential **ABC correction** - 🔔 **Point of Interest (POI)** near 3,350 may offer entry confirmation - 💠 **SSL Channel**: Currently bearish crossover - 🔄 **RQQ, HT, MACD, RSI**: Bearish/neutral, waiting for reversal signals - 📊 **Volatility (Vol %ile)**: 67% - 🎯 **ATR**: 13.52 (2H – medium range) - 🧯 **Risk Level:** Normal --- ## 🟢 Scalp Strategy: Scalp traders can take advantage of both micro-swings at **points (a) and (b)** using lower TF (M5/M15) confirmations: ### 🎯 Scalp Buy: - 📍 Entry: Near 3,345–3,350 - 🛑 SL: Below 3,340 - 🎯 TP: 3,365–3,370 (short-term liquidity sweep) - ⚠️ Only on bullish SSL + RSI divergence (M5) ### 🎯 Scalp Sell: - 📍 Entry: Near 3,375–3,380 (**point b rejection**) - 🛑 SL: Above 3,385 - 🎯 TP: 3,360 then 3,350 - ⚠️ Use Heikin-Ashi reversal + SSL confirmation --- ## 📌 Mid-Term Outlook (Swing): If price reaches **point (c)** around the **lower demand zone** and reacts with bullish structure (BOS, CHoCH), we anticipate a strong rally toward: - **TP1:** 3,385 - **TP2:** 3,400 - **TP3:** 3,420 (next macro supply) --- ## ⚠️ Notes: > This setup remains **valid until the end of NY session, August 8**. > Wait for **clear confirmation** before execution. > All scalps are suggested with **tight risk management**. _Analysis by Mohsen Mozaffarinezhad | Educational Purposes Only_ --- #gold #xauusd #elliottwave #supplydemand #sslhybrid #scalping #smartmoney #tradingview #forexanalysis
OANDA:XAUUSDShort
by mmozafari1357
Gold Price Trend Analysis and Trading Guidance (Exclusive)📣📣📣A technical analysis of gold's recent performance reveals that it has formed a four-day winning streak, demonstrating the strength of the upward trend and indicating that short-term upside potential has not yet been exhausted. Of note, the upper Bollinger Band at 3430 on the daily chart is acting as a key resistance level, and this level is likely to be tested this week. However, when it comes to a sharp rise in the market, there is no clear signal at present. We need to wait for the opening pattern of the daily Bollinger band to be confirmed before we can open up a new round of upward space.🧐🧐🧐🤔🤔🤔 Switching to the H4 cycle for observation, the unilateral upward trend continues to consolidate, the moving average system shows a perfect upward divergent arrangement, the Bollinger Bands simultaneously maintain an open state, and a short-term high pressure is formed near the upper rail of 3415. Based on this, the bullish logic for gold remains unchanged on Wednesday, with the intraday high range likely to be between 3415 and 3430. There's no need to overestimate whether the price will break through previous highs at this point, and trading strategies should be adjusted dynamically based on real-time market performance. From a short-term perspective, intraday support should focus on two key levels: 3360 and 3350. 👊👊👊On the operational level, it is recommended to adopt a strategy of placing long orders in batches when the price falls back to the 3365-3360 range, relying on the support level to seize the opportunity of trend continuation.⭐️⭐️⭐️ ⚠️⚠️⚠️The market is risky, so participate rationally. If you need real-time trading references and trading advice, please leave a message to Charlie.🛫🛫🛫 FOREXCOM:XAUUSD VELOCITY:GOLD PEPPERSTONE:XAUUSD CMCMARKETS:GOLD ICMARKETS:XAUUSD CMCMARKETS:GOLD FXOPEN:XAUUSD
OANDA:XAUUSDLong
by Charlie_Senior_Analyst
Gold is currently rising graduallyUp to now, the 1 long and 1 short position has earned a total profit of 400pips. First, I clearly positioned myself in the 3400 area for a short position. As expected, gold fell back under pressure, hitting a low near 3391. However, the decline lacked continuity, and after rebounding, it hit a stop-loss at 3395, exiting the position with a small profit-taking stop. I managed my risk and exited the position with a small profit-taking stop, earning 50 pips on each trade. I then re-introduced the long position strategy in the 3385-3380 area. As expected, gold fell to the target area and rebounded strongly, smoothly rising to the 3400 target. Both trades yielded a profit of 350 pips, a perfect execution of my plan. At a certain level in trading, technology is merely a tool; the true determinants of success or failure are mindset and execution. In this market where most people are destined to lose money, a reliable trading system is essential, but even more crucial is absolute execution. Ultimately, we trade not price, but conviction. We trade 2-5 trades daily, with a high win rate and high execution. We provide transparent profit reports daily. We maintain a steady pace and avoid blindly chasing orders. We share our strategies only occasionally, so please monitor the bottom of the market for specific entry tips and analysis of trading strategies. Choice is more important than effort. Only by identifying the direction can you make continuous profits. In the short term, gold prices continued their upward trend in the previous trading day, relying on the support levels of 3370-3375. Gold prices finally broke through the 3400 mark, closing with a medium-sized bullish candlestick on the daily chart. Today's gold trend saw a rapid rise followed by a decline. This is particularly important to note: a surge often signals negative trends, a market principle we have repeatedly emphasized. Even if such a surge and decline doesn't directly trigger a decline, it will limit subsequent price gains. Therefore, it's not advisable to rush into the market. Even if considering a long position, wait for a sufficient correction before making a decision. The key support area below is 3385-3370, with 3370 being the intraday dividing line between long and short positions. If the upward trend continues, the correction should not fall below the previous low support level of 3370. If this support level is effectively broken, the upward trend structure will be disrupted, and a timely adjustment of the position is necessary. The current market is still experiencing a large-scale, cyclical, and volatile pattern, rather than a completely unilateral trend. The reason for maintaining a long position this week is that after stabilizing at the 3268 support level, the market entered a period of relatively strong volatility. The mid-term bullish trend following the release of the non-farm payroll data failed to develop into a long-term bullish breakout. The upward trend was accompanied by periodic pullbacks, indicating an overall upward trend rather than a strong, one-sided market. Therefore, we maintain a bullish outlook, but we must not be blindly optimistic in our operations! Gold Trading Strategy: We recommend buying gold in batches around 3385-3370, with a target of 3400-3410.
OANDA:XAUUSDLong
by Trade-Daniel