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Gold Futures – Short-Term Technical Outlook as of April 23Gold surged to nearly $3,500, but multiple indicators now point to a potential top. A short-term correction or consolidation phase appears likely before any new highs. Bearish Signals Across the Board: RSI Divergence: RSI failed to confirm recent highs, showing bearish divergence. Momentum Fading: MACD & momentum oscillators rolled over → rally exhaustion. Volume Shift: Rising on down moves, drying up on rallies → classic distribution. Bearish Candlesticks: Spinning tops + bearish engulfing patterns signal reversal risk. Elliott Wave: Likely completed 5-wave impulse → next up: ABC correction? Cycles: April top aligns with intermediate cycle peak → watch May for cycle low. Seasonality: Historically weak May–June period approaching. COT Data: Speculators still long, but commercials heavily short → caution warranted. 🎯 Trade Setups Short-Term (1–5 Days) 🎯 Short Entry: ~$3,400 📉 Target: $3,270 → $3,215 🛑 Stop: Above $3,460 Medium-Term (1–4 Weeks) 📉 Short below $3,215 → Target $2,970 ✅ Or go long on confirmed bounce at $3,150–$3,180 Long-Term (1–6 Months) 🟢 Bullish bias after correction completes 🛒 Buy zones: $2,960–$2,720 🎯 Targets: $3,540 → $3,900+ ⛔ Stop: Below $2,700 🧭 Outlook Summary: Bias: Cautiously Bearish (short-term) → Bullish (long-term) Gold likely topped in April — expect weakness or sideways action before the next major leg higher. Be patient for a better buying opportunity later this spring/summer.
COMEX:GC1!Short
by AZ-Technical
1
XAUUSD XAU/USD refers to the exchange rate between gold (XAU) and the U.S. dollar (USD). It shows how much one ounce of gold is worth in U.S. dollars. Investors and traders often use this pair to track the price of gold in relation to the strength or weakness of the U.S. dollar. Gold is seen as a safe-haven asset, so its price tends to rise when there is economic uncertainty or a decline in the value of the dollar. On the other hand, when the dollar strengthens or global economic conditions are stable, the price of gold may decrease.
ICMARKETS:XAUUSDLong
by HavalMamar
XAUMO – Daily Gold Trade Intelligence ReportBias: STRONG BEARISH Unless bulls reclaim 3301–3305 with volume and candle strength, the next wave is likely down toward 3256, possibly 3240. DAILY STRATEGIC PLAN (BASED ON CLOSE) • Hypothetical Setup: • Sell Limit: 3301.50 • TP1: 3256 • TP2: 3240 • SL: 3311 • Confidence: 85% //////——-////// PRICE ACTION PATTERN (DAILY) • Big-ass rejection wick off the 3,300–3,305 supply zone. • Printed a reversal candle (likely a long upper wick / inverted hammer), which screams: “Buyers tried, sellers slammed the door in their face.” • Bearish Momentum Short triggered at 3259.76, SL at 3372.08 = High-probability institutional entry. TREND ANALYSIS • Price is below: • Fast EMA • EMA50 • PP Center Line • Hovering near demand zones → momentum fading • This is a distribution phase on higher timeframe. • Buyers can’t reclaim 3300 zone • Sellers dominating every rally attempt VOLUME ANALYSIS • Volume on this daily candle: 932K, higher than average • Bearish volume climax near rejection = institutional participation confirmed • Volume MA around 746K → price closing under high-volume bar = weak close KEY ZONES • Resistance: • 3301.74 (TP of earlier setups) • 3305.73 (major kill zone) • 3,448.39 (untouchable level unless macro shift) • Support: • 3283.18 (near-term demand zone) • 3259.86 (major intraday support, breached = dump to 3245) • EMA50 = 3056.16 (macro reversion target if breakdown starts) • SuperTrend support = 2859.68 (long-term bear target) INDICATOR FLOW • Momentum: Bearish • Cash Momentum: Red zone (2,969.79) • RSI (CASH): 3,385.73 = Divergence brewing • All moving averages above price = clear downward pressure
FX:XAUUSDShort
by ICHIMOKUontheNILE
Gold Hits the Ceiling and Slides — All Eyes on Support ZonesXAUUSD 4H TECHNICAL ANALYSIS OVERALL TREND 📉 DOWNTREND — A strong reversal occurred after tapping the Pivot High near 3,500, triggering heavy sell pressure as signaled by the dynamic resistance and confirmed by a sharp momentum shift. 🔴RESISTANCE ZONE 🔴 3,500.000 — SELL STOPLOSS | PIVOT HIGH 🔴 3,473.328 — SELL ORDER 2 🔴 3,418.942 — SELL ORDER 1 🎯ENTRIES & TARGETS 🎯 3,315.400 — SELL ORDER & TP1 🎯 3,228.382 — SELL ORDER & TP2 | Mid-Pivot 🎯 3,164.297 — SELL ORDER & TP3 🎯 3,065.920 — EXIT SELL & TP4 🟢SUPPORT ZONE 🟢 3,041.597 — BUY Order 1 | 🟢 2,983.746 — BUY Order 2 | 🟢 2,956.560 — Dynamic Support | Reversal Watch 📉OSCILLATOR INSIGHTS RSI at 38.17 — Weak, nearing oversold Stoch %K at 11.77 — Near bottom, possible bounce CCI at −124 — Deeply oversold, buy signal building MACD & Momentum — Both signaling strong bearish continuation Stochastic RSI flat at 0.000 — Indicates a bottoming potential 📉MOVING AVERAGE SUMMARY All 10–50 MAs are SELL signals — Short-term sentiment bearish 100 & 200 EMAs/SMA — Still supportive (BUY), suggesting macro trend not broken VWMA and Ichimoku Baseline confirm short-term bearish control 🤓STRUCTURAL NOTES Rejection from 3,500-level created a sharp fall back inside the previous range Short-term bearish control confirmed by a clean break below 3,315 (TP1) Major confluence area forming near 3,041–2,983 as next test zone Volume profile favors bounce if buyers defend 2,956–3,041 range TRADE OUTLOOK 🔎 📉 Sell Bias active below 3,315 with deep pullback toward 3,041–2,983 likely 📈 High-Risk Long Reversal possible near 2,956 support if volume spikes and momentum shifts 👀 Watch Hull MA (3,278) — rising into falling price = potential compression setup 🧪STRATEGY RECOMMENDATION CONSERVATIVE (Trend-Following): — Entry: Sell below 3,315 — TP: 3,228 / 3,164 / 3,065 — SL: Above 3,418 AGGRESSIVE (Reversal Scout): — Entry: Buy at 3,041 / 2,983 — TP: 3,164 / 3,228 — SL: Below 2,956 “Discipline | Consistency | PAY-tience™”
OANDA:XAUUSDShort
by ProfessorCEWard
"The tariff war" continues to manipulate the market.As evident from the chart, the drastic ups and downs triggered by tariffs this month have persisted, with the number of days seeing gold fluctuate by over $100 surpassing the historical total. Any speech, statement, or even minor move by Trump can sway market direction. We believe this essentially constitutes market manipulation, even transforming the market into a "battlefield" for the U.S. government to siphon off capital. However, since we cannot alter the status quo, we can only choose to accept it. Currently, gold has entered an adjustment phase, and market trends could reverse at any moment due to a single news event. During this period, we need to stay calm, observe more, think critically, and carefully assess market dynamics.
OANDA:XAUUSD
by H_C_12
1
2025-04-23 - priceactiontds - daily update - nasdaqnasdaq e-mini futures comment: Until bears close the gap down to 18500, this is bullish, no doubt about it. I just think that we have seen 3 legs up and we are at big resistance. There is a chance that we have see the high today for this bull leg in what is likely a bigger trading range or still a very small chance of the continuation of the bear trend. Tomorrow will likely be key for this week. If we find acceptance above 18700, no reason not to run all the stops up to 19400. Below 18700 last chance for the bulls is defending the bull gap 21600 and below we go down hard again. current market cycle: trading range, triangle on the daily chart - that is dead once we go above 19400 key levels: 17800 - 19500 bull case: Bulls want to test the 50% retracement and run all the stops up to 19500. That is the only price that matters for them. That would mean we are making higher highs again and this bear trend is over for good. There really isn’t much more to it right now. Bulls just can’t let the market fall below 18600 or today’s rally was indeed the bull trap I expect it to be. Invalidation is below 18600. bear case: Bears want a lower high below 19388 and continue inside the triangle. If they can make lower lows again, the momentum would be dead and only really good news could help the bulls. Right now I prefer the triangle structure we are in and favoring the bears to trade back down to at least 18400 tomorrow/Friday. Above 19000 I don’t think many bears will hold short and hope that 19165 remains resistance. Invalidation is above 19000/19170. short term: Neutral at 18900. Bearish only below 18700 and how strong the move is. Bullish above 19000 for 19165 retest and maybe much higher to 19500. medium-long term - Update from 2024-04-20: My most bearish target for 2025 was 17500ish, given in my year-end special. We had the clear W1 and W3 but now it’s messy. Only a big tariff agreement news can move the markets and that can go either way. You have no edge in guessing what will happen, so having huge swing positions right now does not make much sense. If earnings go bad, we will go much lower. What is the next big support to be hit? The lows of 2022 at 12565. Can we really get there? With a deep recession and some bigger failings, sure but for now it’s unrealistic to expect it. trade of the day: Long since Globex open but the selling above 19100 was a big warning and then market let the bulls out with a higher high but that was is. Easiest move was either holding long on Globex open or buying the double bottom 18630 with stop below the gap down to 18400ish.
CME_MINI:MNQ1!
by priceactiontds
XAUUSD Market Update – April 23, 2025“Bulls Are Alive, But Not Rushing – Gold Builds in Discount Trenches 🏗️🟢” 🔍 Macro + Context HTF Bias: Still bullish. Daily candle shows strong rejection wick from below 3280 → bulls defending structure. LTF Flow: Bearish → Clean CHoCH + BOS chain (H1–M15) from 3455 ATH zone → currently building base. Current Price: ~3294 RSI: Starting to climb from oversold on M15–M30 → first hints of a potential shift. 📈 Confirmed Structural Updates 🔻 Sell Zones (Premium) Zone Range Type Confluences 🔴 3450–3455 ATH Supply HTF OB + 1.618 Fibo Liquidity + Rejection Block 🔴 3414–3422 NY Session OB Retest Zone M30 OB + Last Reaction High 🟠 3380–3395 Flip Zone H1–M30 Rejection Block EMA Lock + FVG + CHoCH 🟢 Buy Zones (Discount) Zone Range Type Confluences 🟢 3280–3288 LTF Demand Reentry Zone M5-M15 OB + Recent Wick Defense 💚 3220–3235 HTF Demand Stronger Demand Zone H4 OB + D1 EQ zone + Weekly Pivot 🔵 3170–3190 Extreme Discount Long-Term Zone Untapped FVG + D1 OB ⚙️ Current Price Action 📍Price rejected perfectly from the 3260s → defended with strong wick, now reclaiming M15 internal CHoCH. 🟣 M5 showing micro BOS + reclaim of 9EMA → potential for bullish continuation toward 3320–3333. ⚠️ Flip Zone at 3380–3395 remains a major short-term decision level. If price breaks above it, we’ll be in recovery mode toward 3415. 🎯 Session Outlook Buyers in control short-term if price holds above 3280. Next key reaction expected at 3320–3333 minor resistance → if broken, bulls might retest 3385+. Sellers may reengage hard at 3380–3395 or above (3422, 3455). 🧠 Smart Money Snapshot 🟢 Liquidity swept below 3280 = engineered low 🟠 Internal CHoCH on M5 confirmed → LTF bullish short-term 🔴 Next sell interest likely around 3385 or 3415 unless HTF flips bullish again XAUUSD – News & Risk Preview for April 24, 2025 Claims & Chaos?🧨📉📈 🔍 What’s Coming: 🧾 Unemployment Claims (USD) – 14:30 UTC+2 ➤ Expected spike in volatility. Watch for algo-driven whipsaws if numbers surprise (especially under 200k or above 250k). ➤ Low claims = strong USD = potential XAU drop. 🧠 Tactical Advice for Thursday: Avoid full-size entries→ spikes can violate structure briefly before returning. Focus on reaction-based trades: let price show direction after the event, then join. Best plan: pre-mark levels now, react later. 🗣️ Final Note This market update reflects structure-only precision, no emotional bias. If bulls want back in, 3280–3290 is the launchpad. If not, sellers are watching 3385+ like hawks. 🦅
VANTAGE:XAUUSD
by GoldFxMinds
Gold peaked and plummeted, entering a correction mode!Analysis of gold market trend: Technical analysis of gold: Today, the highest price of gold is 3386, and the lowest price of US market is 3260, which is also a drop of 126 points. Although gold has continued its decline, it is not like yesterday. The decline is accompanied by a rebound. The trend of Asian market is a back and forth, and the trend of European market is also a back and forth. Needless to say, the US market fell after the opening and the current rebound, the overall rhythm is bearish, but it is not as clean as Tuesday. This trend reflects the opposition of market sentiment. After the risk aversion subsided, the gold price fell from the high of 3500, but after the long position was sold at a high level, some people still took over at a low level, so it led to a rebound trend after the decline. Now from the daily chart, the daily K is likely to close with an upper shadow line as on Tuesday. Now the upper shadow line has been formed, so the closing price should be below the opening price of 3320. Now we need to pay attention to whether the lower shadow line can continue to spread downward. In other words, after this wave of rebound in the US market, there will be another wave of decline, and there will be a small rebound; returning to the short-term trend, in 1 hour, after the gold price fell below the two key positions of 3356 and 3285 today, the support moved down to around 3245. Although there was a rebound in the US market, it is likely to go to the range of 3228 to 3245 before rebounding, so the support references are 3260 and 3245; on the other hand, the resistance level, now the gold price pierces 3285 and then rebounds, and is now trading near this. The only reference is 3315 in the Asian session, and then up is the European session rebound high of 3340. If it is effectively crossed here, the bearish outlook will be suspended. ​The direction of the end of the session is bearish. The steady operation is to intervene in short orders near 3320 to protect the area near 3330. Of course, you can intervene in short orders near 3310 to see if it can reach the range of 3260 to 3245. This is up to you. Even if it touches this range and rebounds later, I do not recommend participating in long orders. Overall, today's short-term operation strategy for gold is to focus on rebound shorting. The short-term focus on the upper side is 3315-3320 line resistance, and the short-term focus on the lower side is 3260-3245 line support. Friends must keep up with the rhythm.
OANDA:XAUUSDShort
by TP_Daniel1
The rise of the US dollar index suppressed gold.From the perspective of technical analysis, the gold daily chart shows a large negative line pattern and then forms an inverted hammer reversal prototype structure. Today, the key support level below has moved down to the 3300 integer mark area. In the US hourly chart cycle, after the gold price short-term touched the price of 3290 US dollars/ounce, the technical indicators showed oversold repair characteristics, suggesting the existence of technical rebound momentum. The upper resistance level of the current price range is locked in the 3350-3360 US dollars/ounce area, and the core defense level below is still 3300 US dollars/ounce. I think if this support level is effectively broken, it may trigger a technical bottoming out of the price in the 3250 US dollars/ounce area. It is worth noting that the US dollar index has a short-term technical retracement. This kind of currency market fluctuation may provide a phased rebound support for the gold price through the exchange rate transmission mechanism. However, we need to be alert that the gold price has fallen below the 23.6% Fibonacci retracement level of the upward trend started from $2,900/ounce. If the 38.2% retracement level of $3,289/ounce is confirmed to be lost, it may trigger the resonance of technical stop loss orders and programmatic trading systems, forming further selling pressure. The current market structure shows typical characteristics of long-short game. It is recommended to pay close attention to the significance of gains and losses of $3,300/ounce for trend judgment. Operation strategy: 1. It is recommended to short gold when it rebounds around 3,310, with the target at 3,290.3250
OANDA:XAUUSDShort
by Patrick-Daniel
NQ Range (04-23-25)NAZ "Triangle of Churn", all Overnight with some Reg Session today. Seems more like knee jerk strength in low volume (or zero volume) zones. The U Turn off 17,750 was #39 or 40 since 1/22. The 2 Blue lines (upper) 2025 open price and (lower) 2024's. Danger Zones avoided, again (dash line channel below). 19,300 1st Short Zone, NAZ staying under or hitting with rejection may send it back for retest of DZ. 1,000 point days, we can be there by morning. Upper yellow bullseye may be for the Friday-Monday Long play should we pass 19,300. Seems manufactured a bit. Still viewing as insignificant noise/churn until we retest below hard and hold.
CME_MINI:NQ1!Short
by MAZing