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Today's important range of gold price: 3280-3300Today's important range of gold price: 3280-3300 As shown in Figure 4h: Important shock area: blue channel, this color band is an important shock area: 3220-3300 After understanding this channel, gold trading will become very simple: 1: Gold price is above 3280-3300, buy on dips 2: Gold price enters the blue channel area, and there is a high probability of wide fluctuations: 3300-3220. In this range, short on highs and buy on lows. 3: If it falls below the 3200-3220 range, the gold price is likely to turn downward. The overall pattern is still a macro triangle convergence shock. Fundamentals: At the beginning of this week, gold prices were blocked and began to fluctuate and adjust. The reason is that one of the factors that supported the rise in gold prices last week, that is, Trump said that he would impose a 50% tariff on the European Union on June 1, changed this week, easing market concerns about trade uncertainty. Specifically, Trump said last weekend that the tariff entry date will be postponed to July 9. On Monday, the EU's chief trade representative said he was committed to reaching a trade agreement before the deadline. Influenced by the above news, market risk sentiment improved, driving U.S. stocks up on Tuesday, weakening the safe-haven appeal of gold. Looking ahead, in addition to the progress of trade negotiations, we also need to pay attention to the impact of geopolitical situations and the Federal Reserve's monetary policy on gold prices. The main news today is the minutes of the Federal Reserve meeting.
OANDA:XAUUSD
by Emily990099
15-minute chart, there exists another Fair Value Gap!Gold Price Technical Analysis. At present, gold is exhibiting signs of continued bearish momentum as it trades below the 50% retracement level of the 30-minute Fair Value Gap (FVG). The fact that this critical level has been broken suggests a weakening of bullish strength in the short-term timeframe, and reinforces the likelihood of further downward pressure on the price. Moreover, on the 15-minute chart, there exists another Fair Value Gap just below the current market level, which is offering minor support for the time being. This area has been acting as a temporary cushion, slowing the pace of decline; however, its sustainability remains uncertain under the current market sentiment. Should gold decisively break below the 15-minute FVG as well, it would indicate a deeper structural weakness and open the possibility for an extended bearish move. In such a scenario, the next potential support level lies around the 3293 mark, which could act as a short-term target for sellers and a critical level for buyers to watch for possible reversal signals. Traders and investors are advised to monitor price action closely around these key levels, as further developments could define the next major move in gold's short- to medium-term trend.
OANDA:XAUUSD
by Peter_Wade
Gold Trade plan 19/05/2025Dear Traders, The visible pattern is a 3-Drive Pattern — the potential reversal zone (PRZ) is around the 0.618–0.78 Fibonacci levels, which corresponds approximately to the 3300–3320 price range, where a reversal may occur. Additionally, a fanline pattern can also be observed. My Final Target : 2980-3000 if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
OANDA:XAUUSDLong
by alirezak
1
Gold Trade Plan 21/05/2025Dear Traders, Gold made an explosive move, breaking through the 3280 zone, which was a demand area, and is now fluctuating above 3300. Given the visible daily gap on the chart, I expect the gap to be fully filled and the price to reach the 0.78 Fibonacci level. In that area, we need to closely watch the price behavior and reaction — as it aligns with both the top of the descending channel and the 0.78 Fibonacci level. if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
ICMARKETS:XAUUSDLong
by alirezak
Gold Trade Plan 26/05/2025Dear Traders, Today, given the bank holidays and the absence of major news, the price will likely fluctuate between the 3200–3240 range. The key demand zone for the continuation of the bullish trend is 3300. If the 3300 zone is lost, gold will enter a bearish trend. However, if the price settles above 3300, there is a possibility of breaking the downward channel. f you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza
OANDA:XAUUSDShort
by alirezak
Geopolitics Fail to Lift Gold as Dollar Regains MomentumOANDA:XAUUSD TVC:GOLD Gold trades near $3,300, respecting TL1 trendline resistance. A break below the $3,289 level may trigger a deeper pullback toward the key $3,247 support zone. On the flip side, reclaiming $3,315 could open the path toward $3,342 resistance. On the news front, despite escalating Russia–Ukraine tensions and a record drone strike from Moscow, gold failed to gain. Risk sentiment improved after President Trump postponed the 50% EU tariff deadline, lifting both the U.S. dollar and Treasury yields. U.S. consumer confidence also surprised to the upside at 98.0 in May, dampening safe-haven demand. Markets now await the Fed’s May Meeting Minutes, which may reinforce the cautious hawkish stance. This poses near-term downside risk to gold if policy flexibility remains limited. Resistance : $3,315 , $3,342 Support : $3,289 , $3,247
FOREXCOM:XAUUSDShort
by ATFX_Global
GOLD: Expanding-Leading-Diagonal, the 3-3-3-3-3 variety?#Gold (XAUUSD), 1 hour: IMHO, a rare but probable Elliott Wave pattern is unfolding on the chart, known as an Expanding-Leading-Diagonal (the 3-3-3-3-3 variety) to the downside. ⚠️ If price breaks above red wave-2 near $3438, this bearish outlook gets invalidated. 📉 Until then, downside pressure remains on the table. Once wave-3 low ($3120) is broken, this becomes my primary wave counts for Gold. Trade wisely and watch key levels mentioned on the chart. ~EWTIC Mentor~
TVC:GOLDShort
by Elliottician_SamRoy
Gold closed with a big negative line, and may fall below 3285 📌 Driving events On Monday, gold prices fell nearly 2%, falling below the $3,300 mark. Investor sentiment improved after U.S. President Donald Trump decided to postpone the imposition of tariffs on EU imports. The recovery in risk appetite, coupled with the dollar's small rebound from last week's decline, put pressure on the non-yielding precious metal. Earlier, President Trump and European Commission President Ursula von der Leyen had a call over the weekend and finally decided to postpone the U.S. plan to impose a 50% tariff on EU goods to July 9. The move eased global trade concerns, prompted investors to shift away from safe-haven assets other than the dollar, and pushed global stocks higher. 📊Commentary Analysis Gold showed a downward trend on Tuesday and has now broken below the 5-day moving average. This change has turned the market from a previous strong rise to a volatile trend. However, to determine whether the market has weakened, further observation is needed. From the perspective of upper resistance, focus on the position near 3350. This position is not only yesterday's high point, but also the resistance position formed by the extension of the line connecting the high points of 3350 and 3438. Once the price breaks through this resistance level, it means that the market will return to a strong upward trend. In fact, it is near 3325 or the low point in the previous decline. It is necessary to pay attention to the top and bottom conversion here. The support level below is first yesterday's low of 3285 and the previous low of 3280. 💰Strategy Package Operation strategy; Short gold near 3325, defend 3335, target 3305-3285 Long gold near 3280, defend 3270, target 3300-3320 ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose the number of lots that matches your funds - Profit is 4-7% of the fund account - Stop loss is 1-3% of the fund account
OANDA:XAUUSDShort
by Labaron
3
Mr. President repeatedly wavered, new trend?Last Friday, Trump threatened to escalate the trade war again, suggesting that a 50% tariff be imposed on the EU from June 1. The US dollar index continued to decline during the day, falling to a low of around 99. Due to increased risk aversion demand, spot gold once rose by more than 2%, reaching a daily high of $3,365. At the opening of this Monday, Trump issued a statement to postpone the imposition of tariffs on the EU, extending the deadline for the EU to face 50% tariffs to July 9. Gold was also affected, and it has continued to rectify its downward trend this week. Yesterday, the lowest point was near 3285. From the current daily chart, the trend support line here on the daily chart has been broken. So it is very likely that there will be a short-term correction trend on the daily line next. Once the lower 3250-3260 is broken, it will directly test the lower trend line of the daily line at 3160-3170. From the 4-hour chart: We can reverse the market. If we take the previous daily low of 3160 as the target, we can see that 3285 is exactly where it stopped and stabilized yesterday. So, it is normal for 3285 to rebound and consolidate. We can also see that the range of the 4-hour chart has been broken, so 3285 may fall directly and break through next. Then the next position to pay attention to is 3260-50. If it falls below this range, we can directly see the trend line support position of 3160-70 in this round of daily lines. Trading is risky, and I hope my analysis can help traders reduce the risk of trading.
OANDA:XAUUSDShort
by Quaid-1
1