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Gold Bulls Charging to 3305 But What’s Waiting There?Gold has recently taken support from the lower levels and has also shown a Break of Structure (BoS) to the downside. Currently, there is Imbalance and Internal Draw on Liquidity (IDM) resting around the 3305 level. The market appears to be moving upward to mitigate that imbalance. It's important to closely monitor this zone, as once the market reaches and fills this area, there is a high probability of a potential rejection or bearish move from that level
OANDA:XAUUSD
by TradeCraft_FX
Gold 31 July – Bearish Bias Holds, Watching Supply ZonesGold (XAUUSD) Analysis – 31 July Market structure is now aligned across both higher and lower timeframes: H4: Bearish M15: Bearish This alignment strengthens the probability of trend-continuation setups in favor of the dominant downtrend. 🔄 Current Market Behavior: The M15 chart is currently in a pullback phase, retracing toward its previous lower high and approaching a key supply zone. 📍 Key Supply Zones to Watch: Zone 1 – Immediate Supply Zone (3299 – 3305) • First area of interest where price may react. • If respected and followed by M1 confirmation, a short setup could be initiated. • Watch for signs of exhaustion or sharp rejection. Zone 2 – Higher Supply Zone (3326 – 3332) • If the first zone fails, this becomes the next high-probability area. • Well-aligned with the broader bearish structure — expect stronger reaction potential. • Suitable for cleaner high RR short trades if price reaches this level. ✅ Execution Plan: • Observe how price behaves inside the marked zones. • Only plan short entries after M1 confirmation — this adds precision and prevents premature entries. • Stay patient. Let the market come to you and reveal intent before acting. 📌 Summary: Bias: Bearish Structure: H4 and M15 both support downside bias Zones in Focus: – Primary: 3299–3305 – Secondary: 3326–3332 Execution: Wait for confirmation before entering. Risk-Reward: Maintain 1:3 RR minimum (e.g., 40 pip SL, 120 pip TP). Let the structure guide your setups — not impulse. 📘 Shared by ChartIsMirror
OANDA:XAUUSDShort
by ChartIsMirror
Gold Weekly Outlook (XAUUSD) -28th JulyGold Enters a High-Stakes Week This week sets the stage for major moves in gold. The charts are signalling liquidity grabs, premium compression, and volatility driven by upcoming macro catalysts. Key events ahead: Tuesday: ADP Employment Data Wednesday: The Fed Gold is currently consolidating beneath a critical supply zone, suggesting potential for a breakout or rejection. We'll align macro drivers with Smart Money Concepts, ICT methodology, Fibonacci levels, EMAs, RSI, and Fair Value Gaps to craft a precise trading framework. Technically, price action reflects a corrective phase within a broader uptrend. Confluence support from the ascending trendline and a key horizontal level is in play. As long as price remains above 3342, a bounce toward 3400 remains the preferred scenario. The broader bullish structure and underlying momentum suggest that once this retracement completes, the uptrend may resume with strength. 🟡 – Summary 🔹 Macro & HTF View: Bias: Bullish but weakening under premium supply Key Events: ADP (Tue), FOMC (Wed) → potential for liquidity grabs Indicators: RSI divergence (75 → 66) EMAs flattening Unfilled FVGs above (3365–3405) and below (3280–3320) Key Fib targets: 3405 (127%) and 3439 (161.8%) 🔸 Weekly Key Zones Supply (Short Trap): 3350–3439 → heavy confluence, short bias unless W1 closes above 3439 Primary Demand: 3220–3285 → ideal for news-driven long Deep Discount (Long Only if Panic): 2960–3050 🎯 Strategy Summary Short Setup: Target 3350–3439 → wait for rejection after news Long Setup: Target 3220–3285 or deeper Look for wick rejections + bullish structure reclaim Avoid: 3285–3350 → indecision zone 🧭 Daily Zones Sell Zone: 3345–3415 → trap area with FVG + Fib + EMA confluence Buy Zones: 3290–3320 (primary) 3240–3270 (deeper) 3000–3140 (only if USD spikes) ⏱ H4 + Intraday Bias Bias: Bearish below 3350 Short Zones: 3365–3405 (rejection only) 3355 (flip zone) Buy Zones: 3290–3310 (reclaim setup) 3250–3280 (panic flush) 📌 Key Intraday Levels Resistance: 3405, 3385, 3375–3350, 3350–3340 Support: 3314–3302, 3289–3272, 3260, 3240 ⚠️ Final Execution Notes Stay out of 3340–3326 zone – it’s chop Wait for confirmation candles (engulfing, pin bars, OB reactions) Discipline over prediction. Sniper mode only. Disclaimer: For educational context only.
FOREXCOM:XAUUSDLong
by FX_Scrubbs
Technical Analysis - Gold (XAU/USD) - 4H ChartI’ve dissected the market using Elliott Wave theory and uncovered key signals that most overlook. Here's my breakdown: ## 📌 **Setup Overview* I'm tracking a complex wave structure that hints at the final stage of a corrective pattern, setting the stage for a potential bullish rebound. ## 🎯 **Entry Strategy** I’ve identified a prime buy zone around **3,350USD**—just above current market levels. This isn’t just a number—it's where price action and wave theory converge. High-probability setup with a tight stop. Above 3,380 ## 🧭 **Projected Move** While I’m eyeing short-term upside, the larger wave pattern suggests the potential for a deeper correction targeting the **3120.000 USD** area. I’m preparing for both scenarios to stay ahead of market sentiment. ---
OANDA:XAUUSDShort
by Elrouby
GOLD recovers after many days of declineOANDA:XAUUSD has recovered after several days of declines. Investors will focus on the Federal Reserve's interest rate decision on Wednesday, which is expected to cause significant market volatility. Gold hit a three-week low of $3,301 an ounce on Monday, before recovering somewhat on Tuesday after falling for a fourth straight day as the dollar erased some of its earlier gains, boosting demand for the precious metal. Falling US Treasury yields and a weak US jobs report also prompted investors to buy gold. Data released by the U.S. Labor Department on Tuesday showed the number of jobs added fell in June after two straight months of gains. The number of jobs added in June fell to 7.44 million from a revised 7.71 million in May. The median forecast of economists in a survey was 7.5 million. Focus on the Federal Reserve's decision The Federal Reserve will announce its interest rate decision at 01:00 IST on Thursday; Federal Reserve Chairman Powell will hold a press conference on monetary policy at 01:30 IST on the same day. The market generally expects the Federal Reserve to keep interest rates unchanged, with the focus on whether Fed Chairman Powell's speech will provide any clues about the timing or pace of future rate cuts. The market sees a very low chance of a rate cut in July and a roughly 40% chance of another rate cut in September, up from about 10% last month, according to the Chicago Mercantile Exchange's FedWatch tool. Investors will be closely watching the statement and Fed Chairman Powell's remarks at his post-meeting press conference for fresh clues on the timing of the next rate cut. - If Powell opens the door to a rate cut in September, citing the recent trade deal as a reason to ease uncertainty, US Treasury yields could fall immediately, paving the way for gold prices to rise. - On the other hand, if Powell avoids committing to a rate cut at this meeting, citing recent rising inflation data, gold prices could fall. Gold typically performs well in low-interest-rate environments because it does not pay interest and its appeal increases when returns from other assets decline. Technical Outlook Analysis OANDA:XAUUSD Gold has recovered from the key $3,300 price point and is holding above $3,310, which is also the nearest support. However, the current recovery is not technically enough to create a short-term uptrend, or conditions for a sustained price increase. In terms of position, gold is under pressure with the 21-day EMA as the nearest resistance at around $3,340 – $3,350. If gold falls below the 0.382% Fibonacci retracement level, it will be eligible to open a new downtrend with a target of around $3,246 in the short term, more than the 0.50% Fibonacci retracement level. On the other hand, RSI is below 50, and the current 50 level acts as momentum resistance in the short term. If RSI slopes down, it will signal bearish momentum with more downside ahead. For gold to qualify for bullish expectations, it needs to at least push price action above EMA21, then retrace back to the price channels and finally break above the 0.236% Fibonacci retracement level to confirm bullish conditions. The upside target could be towards $3,400 in the short term, more like $3,430 – $3,450. For the day, the technical outlook for gold prices tends to lean more towards the downside, with the following notable points listed. Support: 3,310 – 3,300 – 3,292 USD Resistance: 3,340 – 3,350 – 3,371 USD SELL XAUUSD PRICE 3376 - 3374⚡️ ↠↠ Stop Loss 3380 →Take Profit 1 3368 ↨ →Take Profit 2 3362 BUY XAUUSD PRICE 3280 - 3282⚡️ ↠↠ Stop Loss 3276 →Take Profit 1 3288 ↨ →Take Profit 2 3294
OANDA:XAUUSDShort
by Xayah_trading
2
Gold's Strong Moves: Will the Bears Take Over?Hello everyone, Kevinn here! Today, gold continues to experience significant fluctuations in the new week, with XAU/USD currently hovering around 3,325 USD. Amid the strong rise of the USD, the gold market has seen a sharp adjustment. However, the medium-term trend still seems to favor the bears. The main reason for the turbulence in gold prices is the strengthening of the U.S. dollar, following strong economic news from the U.S. that points to a clear recovery. The stronger USD has made gold more expensive for international investors. Additionally, the market is awaiting further moves from the Fed regarding interest rate policies, which is limiting the flow of capital into gold. Looking at the technical chart, we can see that although gold has shown a slight uptick, bearish pressures are still lurking. Indicators and patterns suggest that gold may break its rising price channel, with a high likelihood of further declines. The next support level could be around 3,310 USD, and if broken, gold may continue to fall toward 3,300 USD or lower. Based on the signals from the chart, ENTRY 1 strategy would be to sell when the price breaks the upward channel. Additionally, if the price pulls back to the upper limit zone, ENTRY 2 could present another potential selling point. For today's strategy, I expect gold to decrease. What do you think? Share your thoughts in the comments!
OANDA:XAUUSDShort
by Kevinn_Nguyen
18
GOLD prep work to ATH retap has started. seed at 3270!First thing first. Diagram above is in reverse metrics (USDXAU) -------- GOLD, has been met with some well deserved respite on price growth after a series of parabolic highs this past few weeks. And this healthy trims are warranted in the grand scheme of things -- to sustain its upward trajectory. A price rest is definitely welcomed. Now based on our latest daily metrics, gold is showing some low key hints of shift -- it may not be visible to 99% of traders -- but it is there now to magnify. Diagram above is in reverse metrics (USDXAU). It is currently showing some pressure expansion for bears and hinting of prep work to reverse. This is a precursor of a massive structure change-- for that elusive upside continuation. On the daily metrics, we got some hop signals here as well from -- first one in a while. Price baselines detaching itself from the descending trend line. There maybe something here now. A good zone to seed on the most discounted bargain levels -- with safety. Spotted at 3260. Interim mid target: ATH at 3500 Long term. 4k++ Trade safely. TAYOR.
OANDA:XAUUSDLong
by JSAL
SHORT-TERM TECHNICAL ANALYSIS FOR GOLDXAUUSD broke down sharply from the 3,330 🔽 resistance zone, violating trendline support and slicing through 3,300 🔽. Price has now found temporary support at 3,270 🔽 and is attempting a retracement. Support Levels: 3,270 🔽 Resistance Levels: 3,300 🔼, 3,315 🔼, 3,330 🔼 Bias: 🔼 Bullish: If price breaks and retests above 3,300, a push toward 3,315 or even 3,330 is possible. 🔽 Bearish: Failure to reclaim 3,300 could lead to continued downside toward 3,270 or even lower. 📛 Disclaimer: This is not financial advice. Trade at your own risk.
FX:XAUUSD
by SPOT_FX
XAUUSD – 4H Short Setup AnalysisGold (XAUUSD) has broken below the dynamic support zone of the Keltner Channel structure and is currently trading beneath the 200 EMA zone, signaling bearish momentum. Price has rejected the upper resistance band near 3385, forming a lower high and triggering a short entry at the 38.2% Fibonacci retracement zone. 📉 Trade Idea (Short Bias) Entry: Around 3360 TP1: 3317 (key support zone) TP2: 3275 (38.2% Fib ext) TP3: 3208 (100% extension target) SL: 3385 (61.8% Fib retracement) Confluences: Price rejection from upper channel 200 EMA trend resistance Clean bearish structure with momentum confirmation Fib confluence adds precision to entry and target levels If momentum sustains below 3360, further downside is likely toward the 3200 zone.
OANDA:XAUUSDShort
by VisionaryInsights
2
Gold’s Next Move: Bounce or Breakdown?Gold is pulling back after breaking the 3,360 USD resistance on the 6-hour chart. Price is currently testing the nearest fair value gap (3,370–3,380), but upside momentum is stalling, partly due to unfilled supply zones above. A retest of the lower FVG near 3,340 will be key. Holding above this level could trigger renewed buying, while a break below may invalidate the bullish structure. Traders should closely monitor whether downside gaps continue to fill and how price behaves near support zones. Lack of strong liquidity could lead to a false breakout.
OANDA:XAUUSD
by EmmaChartist
8
XAUUSD – Downtrend Continues as USD StrengthensGold remains under significant pressure as the U.S. dollar continues to gain strength following a series of positive economic data from the U.S. Specifically, GDP grew by 2.5%, beating expectations, while ADP Non-Farm Employment data also came in strong. This suggests the U.S. economy remains resilient, supporting the Fed's hawkish stance and keeping the dollar strong. On the 4H chart, XAUUSD has broken below the previous ascending price channel and is now trading under the 3,340.400 resistance zone – an area packed with unfilled FVGs. The current price structure leans bearish, with any rebounds likely to be temporary pullbacks. If USD strength continues, gold could drop further toward the support zone at 3,279.200 or even lower near 3,240. Trading Strategy: Focus on SELL Entry: Around 3,325 – 3,340.400 upon price rejection signals. Target: 3,279.200 or lower. Stop-loss: Above 3,342.459
OANDA:XAUUSDShort
by Rocky_trade_
16
XAUUSD 1H AnalysisGold experienced a strong selloff, breaking multiple key S&R levels and forming a clear bearish structure. Currently, price is reacting from the PD Low + 1H demand zone (~3265) and pulling back. 🔍 Key Zones: PD High – 3335: Major resistance / Supply Supply Zone – 3295–3305: Key area to watch for bearish reaction Current Resistance – 3285: Price testing this minor S&R level now PD Low – 3265: Strong bullish reaction zone 📌 Potential Setups: Sell Setup: If price enters 3295–3305 (Supply Zone) and forms rejection on 15M/1H → short toward 3265. Buy Setup: If price breaks and holds above 3305, look for retest and continuation toward 3335. Scalp Long: Small pullback toward 3275–3270 could offer intraday long up to 3295–3300. 📈 Bias: Still bearish unless price reclaims and sustains above 3305. Patience is key — let price come to zone and wait for confirmation.
OANDA:XAUUSD
by srj_fxtrader