XAUTRY1! trade ideas
Gold Setup: Range or Rip? Here's the PlaybookGold’s been on a tear lately — driven by safe haven demand as real yields soften and global uncertainty lingers.
But here’s where things get interesting...
We’re now watching what could be a textbook head and shoulders pattern start to take shape.
📊 Current Range:
Right now, price is stuck between 3380 and 3280 — and it’s acting like it knows it.
⚡ Possible Scenarios:
🔁 Scenario 1: Range Play
Short near 3380
Long near 3280
Let it ping-pong and catch the edges.
📈 Scenario 2: Breakout Long
Confirmation above 3380
Look for momentum follow-through into 3420+
📉 Scenario 3: Breakdown Short
Break below 3280
Eyes on the 3220s for a potential flush
🧠 The key? Drop to the lower time frames near these zones and wait for clean setups during active sessions — especially NY open or post-data volatility.
💬 How are you playing this? Breakout or bounce? Drop your take 👇
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Gold Should complete the Retrace before giving another DirectionWas expecting the pullback. Now I just need to wait for it to finish before trying to buy it. Price should give us a solid confirmation when its finally ready. want to see them take out some lower levels first. If price gives up a entry during Asia session we could see a nice short.
Trade Plan – MGC (Micro Gold Futures) | Sunday, May 4Trend Bias (Multi-Timeframe Analysis):
• 1W: Bullish – Strong macro uptrend with pullback off all-time highs.
• 1D: Bearish – Lower highs and lower lows forming after topping out at $3,509.
• 4H: Bearish – Clean downtrend continuation forming.
• 1H: Bearish – Price rejected lower highs, now curling down again.
• 15M: Bullish – Short-term bounce from $3,210 low, but corrective in nature.
Trade Setup:
• Direction: Short
• Entry Zone: $3,250 – $3,260
• Price has retraced to a lower-high zone under supply; aligns with hourly resistance.
• Stop Loss: $3,270
• Just above 1H structure and 15M failed high.
• Take Profit: $3,210
• Prior swing low and liquidity zone.
GOLD Potential ReversalIt appears that we've reached a significant top in the market, with price action showing signs of a potential dump. Liquidity has been taken out at this level, and we are now looking at lower price targets, which align with the lines below, marking new liquidity points. These areas could serve as key support levels as the market tests them for further reaction.
The price structure suggests a possible drop to the target zones around 3,300 / 3,200 & 2970 where we could see renewed buying interest. Stay cautious as we approach these levels, as they may present opportunities for short entries ahead of the market correction.
Keep an eye on the evolving price action for further confirmations.
Gold Hourly & 4H Analysis UpdateGold CMP 3290
Yesterday on the Hourly chart , Gold gave a Buy Signal at 3257 , and today it rallied up to 3395 — a clear momentum of 138 points . It also gave a fresh breakout on the 4H time frame , indicating strong upward momentum.
Currently, resistance is seen at the 3420 levels .
If Gold breaches 3420 , we could see further upside toward 3450–3465+ levels .
However, failure to breach 3420 may trigger a reversal .
Positional traders can continue to Hold Gold positions with a Stop Loss at 3355 levels
Retrace Complete...but we need 1 more Sweep on Gold!This pullback is what I waited for and it took all week for it to happen. Not sure if I will get the bullish move today being that it is Friday. But if they hit the level I'm looking for I will try at least once. Keeping expectations low since its the end of the week. but things are shaping out for us to have a STRONG bullish week next week.
Multiple markets Monday the gold came to a 382 which means we should be looking for sellers even though there's no real evidence of selling even to this point at 12:30 p.m. on Monday. I have a bias that the smart money is going to drive the gold lower...... but I need more evidence from the sellers. I think there are similar issues with the ES
GOLD LONG IDEA for next week - targeting growth**Direction:** **LONG**
**LONG Targets:**
- **T1 = $3280**
- **T2 = $3320**
**Stop Levels:**
- **S1 = $3220**
- **S2 = $3190**
**Wisdom of Professional Traders:**
This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in Gold.
**Key Insights:**
Gold has continued as a refuge for capital amidst macroeconomic uncertainties, maintaining a strong bullish momentum due to increasing inflationary pressures and global geopolitical tensions. Market experts suggest the Federal Reserve's dovish monetary tone may further fuel demand for Gold, coupled with a weakening US dollar that enhances attractive price levels. The recent trend shows heightened levels of institutional buying, signaling potential for upward movement. Favorable seasonality and demand during market risk cycles enhance its appeal.
Recent supply dynamics, driven by mining constraints and costly extraction levels, contribute to a limited Gold supply market scenario. With central bank reserves gradually accumulating Gold to hedge risks, we anticipate robust demand levels supporting prices. Analysts highlight that hedge funds and sovereign wealth funds show extreme interest towards additional Gold allocation—advising LONG strategies with focus...
Price currently Bullish...But will it continue for the week?This is bullish price action i was expecting. Im just now waiting for a solid area for entry. Just have to wait for the killzones and things to line up inside of the killzone. cause outside of the killzones its nothing but chop and impulsive action that can throw you off.
Gold holds long term bull run - for now Gold rebounded sharply after several days of trending down when it hit the long term bull run support (bottom line on chart).
Next stop major resistance around 3,260 which is fast approaching.
We expect high probability rejection down from this level due to the move into higher risk assets with a calming of the macro economic environment…but as always, with Gold anything can happen!
Look for confirmation then this top trend line forms a solid resistance with the long term bull trend line providing support. Current bull run pattern running out of space to run.
Good luck everyone!