GOLD → Consolidation ahead of news. What to expect?FX:XAUUSD is consolidating. Focus on 3370 - 3269. Economic data is expected tomorrow, and gold is likely to trade within the consolidation range for several days.
Optimism about US trade talks with key partners boosted risk appetite and supported the dollar. The US Treasury Secretary reported progress with India, while President Trump softened his rhetoric on China, which also strengthened the dollar. At the same time, traders took a wait-and-see stance ahead of the release of US GDP data for the first quarter. If the figures turn out to be weak, gold could rise sharply as a safe-haven asset. Thus, the gold market remains sensitive to trade news and macro data, especially against the backdrop of rebalancing at the end of April.
At the moment, as part of the current momentum and correction, I expect prices to recover from the 0.5 - 0.7 Fibonacci zone. Gold may test 3323-3325 before resuming its correction within the consolidation.
Resistance levels: 3323, 3352, 3370
Support levels: 3290, 3270
Traders are waiting for a resolution in the tariff dispute as well as economic data due tomorrow. However, while the price is consolidating, I expect a rebound from support. BUT! If the price continues to squeeze towards any boundary, with priority to support, then the chances of a breakout from the consolidation base may increase.
Best regards, R. Linda!
GOLD trade ideas
Gold: The Start Of The C Wave (Extreme Danger!)After the FED announces their business Gold (XAUUSD) is likely to crash-down and hard.
I will support my statement with data coming from this chart.
The crash doesn't necessarily need to happen instantly. My idea is that we are witnessing a classic ABC correction in Elliott Wave Theory terminology. Let's dive in.
» Trading volume peaked in early April and has been dropping considerably.
» The ATH session ended as a very strong bearish (reversal) signal.
» There is a strong bearish divergence with the RSI. The RSI peaked February 2025 while Gold (XAU) peaked recently. Here is the chart:
Currently, Gold is showing a bounce until the resumption of the corrective bearish move.
Gold is set to move lower based on my interpretation of this chart. Approach with caution, or, go SHORT. You can't go wrong by shorting the top/resistance. Sell at resistance, buy at support.
Namaste.
> "Gold (XAU/USD) - Demand Zone Bounce Targeting 3500 "Current Price: $3,319.59
Indicator: 70 EMA at $3,324.95 ➡️ 📈 (still slightly above price = bearish pressure)
---
Main Observations:
🔵 Demand Zone (📦 Buyers' Area):
Between $3,253 - $3,280
Every time price dips here ➡️ buyers react!
✏️ Descending Trendline:
⬇️ Short-term trend is bearish
Price is trying to break above it now (watch closely!)
🎯 Target Point:
$3,500 🏹 (Big upside if breakout succeeds!)
🛡️ Stop-Loss:
$3,253 🔥 (just below the demand zone = good protection)
Trade Idea:
✅ Buy near demand zone 🔵 after breakout confirmation 📈
✅ Target: $3,500 🎯
✅ Stop-Loss: $3,253 🛡️
Quick Dots Summary:
🔵 Demand zone is strong (buyers defending)
🔻 Still under 70 EMA (bearish until breakout)
✏️ Watching for breakout of trendline = key signal
🎯 Massive Risk:Reward ratio if it works
⚡ If no breakout and price falls, stop-loss saves capital.
XAUMO XAUUSD Tactical Breakdown – April 30, 2025
1. XAUMO Tactical Map
Red Zone – Bearish Rejection (Sell Trap Zone):
Upper Limit: 3314.60–3318.00
Strong historical rejection + VWAP & Ichimoku base rejections.
Yellow Zone – Liquidity Sweep Trap Area:
Zone: 3297.50–3306.00
Price bounced repeatedly from this sweep zone; stop hunts likely.
Green Zone – Bullish Activation (Breakout):
Break Level: 3318.50+
Clean air above with strong upside potential to 3330+
2. Market Structure Overview
Ichimoku Cloud: Bearish crossover confirmed, price below cloud.
Volume Spike (RVOL): Reaching 1.93 on final leg = heavy sell interest.
Price Action: Lower highs forming. Current candle series weak.
VWAP Rejections: Ongoing rejection at 3305–3310.
Momentum: Bearish, confirmed by RSI < 45 on M15 & M30.
3. Tactical Entry Setups (Live Ready)
A. Intraday Sell Setup – Trap Breakdown
Type of Entry: Sell Stop
Entry Price: 3280.00
SL: 3287.00
TP1: 3270.50
TP2: 3259.00
TP3: 3246.00
Confidence: 82%
Justification:
Break below key liquidity shelf w/ heavy volume + trend confirmation from Ichimoku + RVOL surge.
B. Breakout Reversal Long Setup
Type of Entry: Buy Stop
Entry Price: 3318.50
SL: 3310.00
TP1: 3326.50
TP2: 3334.00
TP3: 3341.00
Confidence: 71%
Justification:
Break above compression + rejection cluster. Cloud flip + volume confirmation required.
C. Mean Reversion Scalp Play
Type of Entry: Sell Limit
Entry Price: 3305.00
SL: 3309.50
TP1: 3298.00
TP2: 3292.00
Confidence: 75%
Justification:
Previous VWAP + red zone overlap. Perfect trap zone confluence with divergence across M5.
4. STRIKE | DEFEND | SCALP | SWING
STRIKE:
15:30 Cairo → Enter Sell Stop @ 3280 if NY Open flushes.
3318.50 breakout long only if volume sustains.
DEFEND:
Stay out of chop 3298–3305 unless confirmed wick fakeout.
SCALP:
Inside Yellow Zone: scalp wick traps at 3304–3305 or 3288–3290.
SWING:
If price holds below 3280 post-NY, swing short down to 3259+ over 1–2 sessions.
5. Summary
Market still biased Bearish unless 3318.50+ breaks.
Volume + structure + Ichimoku confirms ongoing downside with brief retrace attempts.
NY Open = trigger window for explosive move.
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts with our analysis playing out perfectly.
After completing our bearish target yesterday, we stated that we would now look for a test at 3344 to complete our Bullish target and then a cross and lock will open the level above or failure to lock above will follow with a rejection into the lower Goldturns.
- This played out perfectly. We got the 3344 target hit, as analysed, followed with no cross and lock above 3344 confirming the rejection into the lower Goldturns just like we stated.
3306 Goldturn provided the support and bounce and if this levels holds, we will see a retest above or a further cross and lock below will open the lower Goldturns.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3344 - DONE
EMA5 CROSS AND LOCK ABOVE 3344 WILL OPEN THE FOLLOWING BULLISH TARGETS
3367
POTENTIALLY 3390
EMA5 CROSS AND LOCK ABOVE 3390 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3458
EMA5 CROSS AND LOCK ABOVE 3458 WILL OPEN THE FOLLOWING BULLISH TARGETS
3478
POTENTIALLY
3503
BEARISH TARGETS
3306 - DONE
EMA5 CROSS AND LOCK BELOW 3306 WILL OPEN THE RETRACEMENT RANGE
3285 - DONE
3259
EMA5 CROSS AND LOCK BELOW 3259 WILL OPEN THE SWING RNGE
3233
3201
EMA5 CROSS AND LOCK BELOW 3201 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
3159 - 3112
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD Channel Up intact and targeting the 1D MA50.Gold (XAUUSD) has been trading within a Channel Up since the October 30 2024 High and is currently on its latest technical Bearish Leg. The last pull-back tested the 1D MA50 (blue tend-line) before rebounding again.
As you can see the Low that this pull-back made was also on the 0.618 Fibonacci retracement level. On the current Bearish Leg, the 0.618 Fib is at 3155 and can make contact with the 1D MA50 within 1 week. That is our short-term Target, but depending on the Fed Rate Decision on Wednesday, it may be achieved earlier.
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Fibonacci Confluence Fuels Gold’s Next Rally: Wave (Y) InsightThis 4-hour chart of XAU/USD is showcasing a WXY corrective pattern, a classic double zigzag (W)-(X)-(Y) correction after a strong impulsive move
Wave (W) has topped, marking the end of the first corrective leg.
A deep correction into the 0.5 Fibonacci retracement level occurred with wave (X), forming a potential higher low within the red demand zone.
Now, wave (Y) is anticipated, which typically mirrors or slightly exceeds the length of wave (W) but in a more corrective format.
Target 1: 3292.629
Target 2: 3372.161
Stop loss: 3201.955
DeGRAM | GOLD Finished Correcting?📊 Technical Analysis
● After two successful touches of rising-channel support near $3 200, XAU/USD pierced the resistance line and the triangle, confirming a bullish breakout.
● A pattern of higher lows now projects a fresh impulse toward the channel top at ~$3 500.
💡 Fundamental Analysis
● Goldman Sachs forecasts central banks will keep buying bullion amid recession fears, driving gold to $3 700 by year-end.
● Traders price in ~80 bp of Fed rate cuts from July, lowering real yields and bolstering gold’s appeal.
✨ Summary
Channel breakout + strong CB demand and Fed-cut bets support a short-term long bias: a clear break above $3 315 targets $3 500; view invalid below $3 200.
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GOLD may enter accumulation when the market lacks impact Spot OANDA:XAUUSD prices were broadly steady in Asian trade on Friday (April 25) after a sharp rise in the previous trading day. The current price of gold is around $3,341/ounce, down from the $3,371 price target that readers noted in yesterday's edition. Spot gold prices jumped on Thursday, snapping a nearly 3% decline the previous day, helped by a weaker US dollar and bargain-hunting as investors kept a close eye on the latest news on tariff negotiations.
Market Highlights
Gold prices rebounded on Thursday after their biggest drop this year as bargain hunters entered the market, Bloomberg reported.
China's official broadcaster CCTV reported Thursday that the Wall Street Journal reported that Trump is considering a plan to impose tiered tariffs on China, and White House press secretary Levitt said Trump's stance on tariffs on China "has not softened."
"This is all fake news. As far as I know, China and the United States have never consulted or negotiated on tariffs, let alone reached an agreement. This tariff war was initiated by the United States, and China's attitude is consistent and clear: if you want to fight, we will fight to the end; if you want to negotiate, the door is open. Dialogue and negotiation must be equal, respectful and mutually beneficial," said Chinese Foreign Ministry spokesman Guo Jiakun.
Cleveland Fed President Hammack made it clear in an interview on Thursday that the Fed has essentially ruled out a rate cut in May. But she also delivered a key message, saying that if there is clear evidence of the economy’s direction, there will be room for policy action in June.
When asked if a rate cut was possible in June, Hammack said: “If we get clear and compelling data in June, then I think the committee will act, assuming we have a clear understanding of the right path for policy at that point.” Markets reacted quickly after Hammack’s remarks, with interest rate swaps indicating the likelihood of a rate cut by the Federal Reserve in June rising to around 65%.
Technical Outlook Analysis OANDA:XAUUSD
After achieving the target increase twice, which readers should pay attention to in the previous day's publication at 3,371 USD, the price point of the Fibonacci retracement of 0.236%, the recovery momentum of gold is being controlled and limited.
In the short term, gold is likely to enter a sideways accumulation phase, waiting for more fundamental breakthroughs. The expected accumulation area is around 3,371 - 3,292 USD, which are the positions of the Fibonacci retracement of 0.236% and 0.382%.
However, with the current position, the main outlook is still bullish in the long term with the trend from the price channel as the main trend and support from the EMA21 as the main support.
During the day, the expectation of short-term accumulation in the main uptrend will be noted by the following levels.
Support: 3,300 – 3,292 USD
Resistance: 3,371 USD
SELL XAUUSD PRICE 3411 - 3409⚡️
↠↠ Stop Loss 3415
→Take Profit 1 3403
↨
→Take Profit 2 3397
BUY XAUUSD PRICE 3204 - 3206⚡️
↠↠ Stop Loss 3200
→Take Profit 1 3212
↨
→Take Profit 2 3218
Hanzo | Gold 15 min Retest 3275 – Confirm the Next Bullish Move🆚 Gold – Hanzo’s Strike Setup
🔥 Timeframe: 15-Minute (15M)
——————
💯 Main Focus: Bullish Retest at 3275
We are watching this zone closely.
———
Analysis
👌 Market Signs (15M TF):
• Liquidity Grab + CHoCH at 3265
• Liquidity Grab + CHoCH at 3318
• Strong Rejections seen at:
➗ 3270 – Major support / Key level
➗ 3325 – Proven resistance
🩸 Key Zones to Watch:
• 3272 – 🔥 Bullish breakout level X 7 Swing Retest
• 3325 – Strong resistance (tested 5 times)
• 3270 – Equal lows
• 3328 – Equal highs
Hanzo | Gold 15 min Retest 3275 – Confirm the Next Bullish Move
XAUUSD: Latest Analysis Strategy SignalsThe gold market was volatile last week, with the sharp moves catching many traders off guard. After hitting an all-time high of 3,500, gold prices fell by more than 2,000 points in less than 24 hours!
After the plunge, the market stabilized slightly and towards the end of the weekend, gold prices established strong support around 3,370 points - as we discussed in last week's analysis.
At the same time, we can clearly see a bottom around 3,270 points, and at the time of writing, gold prices are testing this level again.
- Price action remains vulnerable below the 3,370 resistance level.
- The 3,270 support level looks fragile and pressure to break through is increasing.
Trading plan:
I plan to sell on rallies above 3,300 points with a target price around 3,200 points.
#XAUUSD: Price to go beyond $3650 to $3700 around 3500 pips moveThe XAUUSD price is moving nicely as we had predicted in our previous analysis. Both of our analyses have hit the take-profit target, and we are likely to see more bullish momentum continue in the coming time. There are two areas where price could move or reverse. Both targets have a long-term view, which means we are talking about a possible swing move that will take time to complete. Stop-loss and intraday target and position can be taken based on your own analysis and overview. Strong fundamentals are needed for price to reach our designated target area.
Good luck and trade safely. Trading financial instruments like gold and other markets brings extreme risk and can be severe if the risk is not managed correctly.
We are sharing our bias here, but it does not guarantee that the move will happen as described.
Once the trade is activated, you can set two targets. You can choose your own take-profit based on your analysis and trade management.
Good luck and trade safely! 😊
Thanks a bunch for your unwavering support! ❤️🚀
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- Like our ideas
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Team Setupsfx_
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Falling towards pullback support?The Gold (XAU/USD) is falling towards the pivot and could bounce to he 1st resistance which has been identified as a pullback resistance.
Pivot: 3,361.29
1st Support: 3,310.00
1st Resistance: 3,490.34
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3419 , gold price can reach today⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) pulls back slightly from its intraday peak near a two-week high reached during Tuesday’s Asian session, but remains firm around the $3,360 mark, extending its winning streak for a second day. Improved US economic data has helped temper recession fears, offering modest support to the US Dollar. Meanwhile, signs of a potential thaw in US-China trade tensions have curbed safe-haven demand for gold, prompting some investors to adopt a wait-and-see approach ahead of the highly anticipated two-day FOMC policy meeting.
⭐️Personal comments NOVA:
Bulls regain the upper hand, uptrend nears 3400 ahead of market interest rate cut expectations
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3418- 3420 SL 3425
TP1: $3410
TP2: $3400
TP3: $3385
🔥BUY GOLD zone: $3323 - $3321 SL $3316
TP1: $3330
TP2: $3340
TP3: $3358
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold's Trend and Trading Strategy for Next WeekLast week, the price of gold sharply declined after hitting the resistance level of $3,500, dropping to around $3,260 at its lowest point. The weekly chart closed with a bearish inverted hammer candlestick pattern, suggesting a sharp short-term downward momentum. However, on Friday evening, the gold price rebounded near the support level of $3,260 and regained the $3,300 mark. Combining the current fundamental and news-driven analysis, gold remains in an overall upward trend:
Technical Analysis
Although the weekly inverted hammer pattern indicates selling pressure at higher levels, the rapid rebound from the bottom to reclaim the key $3,300 level signals the persistence of bullish momentum. If the short-term decline fails to effectively break below the strong support at $3,250, the gold price has the potential for a rebound.
Trading Strategy
Next week, it is recommended to adopt a bullish bias and focus on long positions. Consider entering near $3,283, with a stop-loss set below $3,260. The upper resistance levels are sequentially $3,331 (short-term resistance) and $3,370 (target after breakthrough).
Risk Warning
Be vigilant against shocks to gold prices from sudden geopolitical news or changes in Federal Reserve policy expectations, and strictly control position sizing and stop-loss levels.
I hope this strategy will be helpful to you.
When you find yourself in a difficult situation and at a loss in trading, don't face it alone. Please get in touch with me. I'm always ready to fight side by side with you, avoid risks, and embark on a new journey towards stable profits.
Gold Trade Plan 06/05/2025Dear Traders,
price broken 3320 (Means Market will continue Upward movement)
i expect price will be continue upward movement to 3400-3420 Area Today ,
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
Gold awaits NFP after serious decline I expectedAs discussed throughout my yesterday's session commentary: "Technical analysis: Gold is being kept below the Hourly 4 chart’s Resistance zone of #3,292.80 - #3,300.80 despite the rejection on DX and continuous rise on equities, Gold didn’t manage to prepare the terrain for further the uptrend, according to my Technical estimations. Besides the High Selling Volume and evident Price-action showcasing of Bearish trend switch, #3,262.80 Support I mentioned which was about to be tested was invalidated and naturally Gold is on a decline (as I expected it throughout my recent remarks) and is Technicals what's keeping Gold Lower, relative to circumstances. Regardless of that, the Daily chart’s Support (Medium-term) is Trading just few points below, at #3,200.80, if broken it can open doors for #3,127.80 extension and Support mark test and is alone a positive development for Sellers ahead of the end of the Trading week."
Technical analysis: Daily chart remains isolated within solid Descending Channel and being Bearish indicates a Short-term Selling opportunity towards #3,200.80 psychological mark if Support gets invalidated and NFP delivers upside surprise (what I indeed expect). Keep an eye on the DX especially when the U.S. session opens (Bullish Gap fill) throughout today’s session in order to get more information and pointers of the Intra-day direction. Gold got rejected at #3,200.80 - #3,227.80 Medium-term Support zone (many rejections on current pressure point) and since the pullback wasn’t Bought back above the Hourly 1 chart’s Buying accumulation zone, current Price-action points that the Selling sentiment remains unchanged as this is just one of early Trading weeks in May. That keeps the Hourly 4 chart’s Descending Channel valid (already converted to a Bearish Flag / messenger of Selling continuation ahead), with #3,262.80 configuration currently representing it’s local Lower High’s Upper zone).
NF fluctuates in a downward trend⭐️GOLDEN INFORMATION:
China’s Ministry of Commerce announced Friday that the United States has recently initiated communication through official channels, expressing interest in reopening talks on tariffs. Beijing is currently evaluating the proposal, fueling optimism that a resolution to the prolonged tariff standoff between the world’s two largest economies may be on the horizon.
This renewed hope for a breakthrough in trade negotiations helped lift the US Dollar to a three-week high on Thursday, pressuring Gold prices down toward the $3,200 mark. However, bullish momentum for the USD remains tempered as markets increasingly price in the likelihood of more aggressive rate cuts by the Federal Reserve, especially with the closely watched US Nonfarm Payrolls data looming.
⭐️Personal comments NOVA:
NF news volatility is certain, with the big accumulation from last week. Gold price has confirmed the trend after breaking 3267, will fluctuate in a downtrend below 3200
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3312- 3310 SL 3317
TP1: $3290
TP2: $3280
TP3: $3270
🔥BUY GOLD zone: $3175 - $3177 SL $3170
TP1: $3185
TP2: $3200
TP3: $3210
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Heading into pullback resistance?XAU/USD is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% and the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 3,275.29
Why we like it:
There is a pullback resistance level that line sup with the 23.6% and the 50% Fibonacci retracement.
Stop loss: 3,350.60
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 3,168.44
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
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Gold weekly chart with buy and sell levelsFrom the 4H chart you posted, here's a quick breakdown first:
Trend: We're seeing bearish pressure overall after a strong bullish leg. The price is under important retracement levels (0.382, 0.5, 0.618 Fib retracements).
Key Levels:
Strong resistance zone at 3340-3352 (aligned with Weekly Highs, Daily Highs, and a Supply Zone).
Immediate support around 3290 and 3228 (Weekly Open and previous price clusters).
Volume Delta: -3.72% macro (bearish), showing sellers have the upper hand currently.
Important Price Zones:
Sell zone: 3328-3340
Buy zone: 3228-3206
Scalping Strategy on 15-Minute (assuming London / NY crossover sessions):
Bias: Slightly bearish unless strong bullish reversal signals appear.
Ideal sessions: London Open (7-9 AM GMT) and NY Crossover (12-3 PM GMT).
Possible Scalping Setups
1. Sell Setup:
Trigger: If price retraces back up to 3328-3337 zone during London open or NY crossover and shows rejection (pin bars, engulfing patterns on 15M).
Entry: Short at around 3330-3335.
SL: Above 3345.
TP1: 3308 (Sell level on chart).
TP2: 3290.
Bonus TP: 3270 if momentum strong.
2. Buy Setup:
Trigger: If price dips into 3228-3206 (near Weekly Open) and shows bullish reaction (hammer, bullish engulfing).
Entry: Long between 3220-3230.
SL: Below 3200.
TP1: 3254.
TP2: 3270.
Bonus TP: 3290 if NY session volume kicks in.
Gold's volatile decline is in line with expectationsFrom the perspective of the 4-hour cycle, a big negative line closed down, breaking the support of the 5-day and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock, the Bollinger middle rail is not broken, and it may rise again to the high point of 3430. In this cycle, gold has experienced a big rise and fall, and now it is possible to rise or fall. In the short-term cycle, we will first pay attention to the support effect of 3360-3350 under weakness. If it does not break, we can continue to go long and bullish, with the upper target at 3400. On the whole, the short-term operation strategy of gold is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The upper short-term focus is on the 3400-3405 line of resistance, and the lower short-term focus is on the 3350-3300 line of support.
YOUR SEEING THIS NOT BY ACCIDENT (GOLD SWING)
remember this idea before, way early to short right?
Now its the time to short it. initial and 2nd tp zone. probable the swing tp could be 2700-2600 or
lower.
See this a liquidity grab on internal/inside a monthly basis chart.
This is not a random as you see this, it means you trade this for Long shot or swing thot.
Guys this idea is on my self only.
This is not a financial advice.
See you again next week.
The previous news or the ADP NFP are non sense. we a make a new highs again once this idea works?
This is only my view.
sharing this could turn your idea to swing trades.
Follow for more.
Gold Trade Plan 02/05/2025-05/05/2025Dear Traders,
The descending channel is working precisely. After hitting the middle of the channel, the price started to drop. I expect another low below 3200, followed by a rise toward around $3400.
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!