XAUUSD: Channel Up aiming for 3,750Gold has turned bullish again on its 1D technical outlook (RSI = 65.582, MACD = 62.840, ADX = 38.882) as it crossed above the 4H MA50 again, following a bottom on the HL trendline of the 4H Channel Up. The 4H RSI made a DB and the new bullish wave is already underway. We expect a similar +18% rally to the top of the Channel Up (TP = 3,750).
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GOLD trade ideas
Gold: trade tariffs relaxationAs trade tariffs “war” entered into relaxation mode, so the price of gold was easing during the previous week. The major event concerning trade tariffs during the previous week was the announcement from China's government that they are considering negotiations with the US Administration regarding imposed tariffs. Additional influx came also from better than expected US jobs data, in which sense, gold was trading with a modest negative sentiment during the week. The week started by testing the $3.350 short term resistance line, however, it ended at the level of $3.240.
The RSI turned away from the overbought market side, and ended the week at the level of 53. This level still does not represent a clear sign that the market is ready to take the turn toward the oversold market side. Moving averages of 50 and 200 days, without change, continue to move as two parallel lines with an uptrend.
Fundamentals have driven the price of gold to the ATH in a previous period, so fundamentals will continue to impact the price of gold also in the future period. Trade tariffs were the main driver, so as the trade war is settling down, the price of gold might ease also in the coming period. Gold is currently testing the level from the mid-April this year. In case that it is breached, then the next potential level for gold might be around $3.150. Certainly, it should be considered that the FOMC meeting is scheduled for May 7th, which might bring some volatility back on the market, considering current market sensitivity regarding potential Fed's rate cut. At this moment on charts, the price of gold has equal probabilities for a move both toward the up, and down side.
Learn the Harsh Truth About Success & Failure in Trading
The picture above completely represents the real nature of trading:
We all came here because we all wanted easy money.
Being attracted by catchy ads, portraying the guys on lambos, wearing guccies and living fancy lives, we jump into the game with high hopes of doubling our tiny initial trading accounts.
However, the reality quickly kicks in and losing trades become the norm.
The first trading account will most likely be blown .
In just one single month, 40% of traders will be discouraged and abandon this game forever.
The rest will realize the fact that the things are not that simple as they seemed to be and decide to start learning.
The primary obstacle with trading education though is the fact that there are so much data out there, so many different materials, so many strategies and techniques to try, so the one feels completely lost .
And on that stage, one plays the roulette: in the pile of dirt, he must find the approach that works .
80% of the traders, who stay after the first month, will leave in the next 2 years. Unfortunately, the majority won't be able to find a valid strategy and will quit believing that the entire system is the scam.
After 5 years, the strongest will remain. The ones that are motivated and strong enough to face the failures.
With such an experience, the majority of the traders already realize how the things work. They usually stuck around breakeven and winning trades start covering the losing ones.
However, some minor, tiny component is still missing in their system. They should find something that prevents them from becoming consistently profitable.
Only 1% of those who came in this game will finally discover the way to make money. These individuals will build a solid strategy, an approach that will work and that will let them become independent .
That path is hard and long. And unfortunately, most of the people are not disciplined and motivated enough to keep going. Only the strongest ones will stay. I wish you to be the one with the iron discipline, titanic patience and nerves of steel.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GOLD BUY?Market is reacting to daily area on Daily time frame. Based on 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Gold Trade Plan 25/04/2025Dear Traders,
There is no strong bullish momentum observed in gold, and it seems to be moving within a descending channel. Meanwhile, the dollar index has entered a reversal phase. I expect the price to drop into the 3220–3230 zone to gather momentum, A new update will be shared soon.
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 Trade Plan 30/04/2025Dear Traders,
Gold has once again entered the 3275 support zone. Given that this is the fifth time it has tested this support, I expect the price to break below it. Additionally, the dollar index has entered a reversal phase. Good buying zones are around 3200–3220.
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!
Trading Psychology Trap: The Dark Side of Hedging a Bad Trade⚡ Important Clarification Before We Begin
In professional trading, real hedging involves sophisticated strategies using derivatives like options, futures, or other financial instruments.
Banks, funds, and major institutions hedge to manage portfolio risk, based on calculated models and complex scenarios.
This article is not about that.
We are talking about the kind of "hedging" retail traders do — opening an opposite position at the broker to "protect" a losing trade.
It may feel smart in the moment, but psychologically, it can be a hidden trap that damages your trading discipline.
Let’s dive into why emotional hedging rarely works for independent traders.
________________________________________
In trading, there’s a moment of panic that every trader has faced:
"My short position is in the red… maybe I’ll just open a long to balance it out."
It feels logical. You’re hedging. Protecting yourself. But in reality, you might be stepping into one of the most deceptive psychological traps in trading.
Let’s unpack why emotional hedging is rarely a good idea—and how it quietly sabotages your progress.
________________________________________
🧠 1. Emotional Relief ≠ Strategic Thinking
Hedging often arises not from a solid strategy, but from emotional discomfort.
You don’t hedge because you’ve analyzed the market. You hedge because you can’t stand the pain of a losing position.
This is not trading.
This is emotional anesthesia.
You’re trying to feel better—not trade better.
________________________________________
🎭 2. The Illusion of Control
Opening a hedge feels like taking back control.
In reality, you’re multiplying complexity without clarity.
You now have:
• Two opposing positions
• No clear directional bias
• An unclear exit strategy
You’ve replaced one problem (a loss) with two: mental conflict and strategic confusion.
________________________________________
🎢 3. Emotional Volatility Rises Sharply
With two positions open in opposite directions:
• You root for both sides at once.
• You feel relief when one wins, and stress when the other loses.
• Your mind becomes a battleground, not a trading desk.
This emotional volatility leads to irrational decisions, fatigue, and trading paralysis.
________________________________________
🔄 4. You Delay the Inevitable
When you hedge a losing position, you don’t fix the mistake.
You prolong it.
Eventually, you’ll have to:
• Close one side
• Add to one side
• Or exit both at the wrong moment
Hedging here is just postponed decision-making—and it gets harder the longer you wait.
________________________________________
🧪 5. You Build a Dangerous Habit
Hedging out of fear creates a reflex:
"Every time I’m losing, I’ll hedge."
You’re not learning to cut losses or reassess your strategy.
You’re learning to panic-protect.
And over time, you start to rely on hedging as a crutch—rather than developing real confidence and discipline.
________________________________________
✅ The Healthier Alternative
What should you do instead?
• Cut the loss.
• Review the trade.
• Wait for a fresh setup that aligns with your plan.
Accepting a losing trade is hard. But it’s a sign of maturity, not weakness.
Hedging may feel clever in the moment, but long-term consistency comes from clarity, not complication.
________________________________________
🎯 Final Thought
Emotional hedging isn’t about strategy.
It’s about fear.
The best traders don’t hedge to escape a loss.
They manage risk before the trade starts —and have the courage to close what’s not working.
Don’t fall into the illusion of safety.
Master the art of decisive action. That’s where real edge lives. 🚀
Will gold fall after encountering resistance at its high point?Gold surged after opening yesterday. Although it retreated slightly, it continued to maintain its strong pace. So far, it has reached 3386, with an increase of about 150 US dollars. 3386 is a short-term suppression level. If it breaks below 3350 in the Asian session, the steady idea is to wait for a rebound and then short it to see the downward trend. The focus below is on the support of 3272. Overall, the short-term operation strategy for gold is to short on rebounds and to buy on pullbacks. The short-term focus on the upper side is 3386-3390 resistance, and the short-term focus on the lower side is 3320-3300 support.
Strategy: Short gold in batches around 3380-3385 when it rebounds, stop loss at 3391, target around 3350-3330, break to target 3320
GOLD MARKET ANALYSIS AND COMMENTARY - [May 05 - May 09]This week, the international OANDA:XAUUSD has dropped sharply from 3,352 USD/oz to 3,201 USD/oz and closed the week at 3,240 USD/oz.
The reason for the sharp drop in gold prices is that US President Donald Trump said that the US is about to reach a trade agreement with India, Japan, South Korea, and is likely to reach a trade agreement with China, although the two sides have not had any official negotiations.
In addition, an equally important factor is that China is on holiday from May 1 to May 5, so the demand for transactions in the world's largest gold consuming country is almost non-existent. While they have been continuously buying before even though the gold price was high.
The FED meeting on May 6-7 may have a strong impact on gold prices next week. US GDP in the first quarter grew by -0.3%, while the labor market still has potential tariff risks; inflation remains stable at a high level. With these data, it is likely that the FED will maintain interest rates at current levels, but may signal that a rate cut is coming soon. According to many experts, if the FED signals that it will cut interest rates after the meeting next week, it will push gold prices to recover next week. On the contrary, if the FED maintains a wait-and-see attitude, declaring that it is not in a hurry to cut interest rates, then gold prices next week may continue to adjust.
🕹SOME DATA THAT MAY AFFECT GOLD PRICES THIS WEEK:
Next week, all eyes will be on the Federal Reserve’s monetary policy meeting on Wednesday, with an interest rate decision and a press conference from Chairman Jerome Powell following keynote remarks earlier in April.
Fed officials will then continue their participation in the Reykjavik Economic Conference in Iceland on Friday. Fed Governors Michael Barr, Lisa Cook, Philip Jefferson and Christopher Waller will be present at the conference as speakers in panels on topics including artificial intelligence, employment and monetary policy research.
In addition, investors will also watch the ISM services PMI on Monday morning and the weekly jobless claims number on Thursday.
📌Technically, if gold prices fall below $3,200/oz next week, there is a possibility of a further decline to $3,129/oz. A deeper correction could see gold prices fall to $2,980-$3,000/oz next week. If gold prices reverse and break the $3,270/oz barrier, they could continue to rise above $3,350/oz.
Notable technical levels are listed below.
Support: 3,228 – 3,163USD
Resistance: 3,245 – 3,267 – 3,292 – 3,300USD
SELL XAUUSD PRICE 3311 - 3309⚡️
↠↠ Stop Loss 3315
BUY XAUUSD PRICE 3119 - 3121⚡️
↠↠ Stop Loss 3115
XAUUSD MADE PARALLEL CHANNELHere I Created This XAUUSD Chart Analysis
Pair : XAUUSD (Gold)
Timeframe: 30-Minute
Pattern: Parallel Channel
Momentum: Bullish/ BUY
Entry Level : BUY 3380
Support zone : 3370
Target Will Be : 3415
Disclaimer : This signal is based on personal analysis for learning purposes. Trade at your own risk and always use proper risk management.
bullish momentum, accumulating around 3400⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) regained strong upward momentum during the Asian session on Thursday, rebounding sharply above the $3,400 level in the past hour and recovering much of its overnight pullback from a two-week high. The renewed demand for the safe-haven metal comes as US President Donald Trump downplayed expectations of an imminent resolution to the US-China trade dispute, stating he feels "no rush" to finalize an agreement. Heightened geopolitical tensions—including the ongoing Russia-Ukraine war, instability in the Middle East, and escalating military friction between India and Pakistan—further support gold's appeal as a defensive asset.
⭐️Personal comments NOVA:
Gold price continues to recover well around 3400, FED's speech is quite moderate, predicted early by investors, the market is positive in the recovery trend this week
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3438- 3440 SL 3445
TP1: $3425
TP2: $3410
TP3: $3395
🔥BUY GOLD zone: $3352 - $3350 SL $3345
TP1: $3365
TP2: $3380
TP3: $3400
⭐️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
PATIENCE WILL PAY OFF 〉LONG TERM BUY COMING SOON.As illustrated, I'm trying to visualize what the next couple of weeks could look like.
Taking into consideration the fact that May + June are corrective months for gold historically (don't believe me; check the seasonality tool...) , Is likely for price to range up and down within quite a wide range anywhere between 3300 and 3100 before it enters a bullish continuation impulse by the end of June and into first week of July.
( I have illustrated 2 potential buying areas; one closer to price and another extended one lower )
That being said, one must adapt to such market conditions that will only offer certain structure offering a few intraday trades, but mostly short term trades or quick scalping moves all within a same trading session, simply because as each session comes in, they will target previous sessions highs or lows (ranging back and forth in an uncomfortable manner and without a clear direction).
Asia would target Sydney's open, then London might target Asia's open, then NY might target any low or high in the opposite direction... and so on back and forth without truly holding a bullish or bearish structure longer than a few hours to a full calendar day before it turns around (sideways behavior).
As price reaches "stronger psychological" price levels like 3150, 3100, 3050 and potentially 3000; then you might start seeing evident rejections within higher timeframes (4H and 1D); ideally seeing rejection wick/s followed by a nice push up showing true power and volume to the upside, potentially signaling the bottom of this correction phase.
TIME should be aligned with this market behavior; that means that checking the seasonality tool. every year (on average 5, 10 and 15 years), gold makes a bottom during the first week of JULY ...
So... market structure, price, and time must be aligned correctly and it will all make sense whenever that moment comes; hence, the title of this idea.
I am personally not worried about any sort of economic event; news are only gas for the market to move and create liquidity and volatility.
AT THIS POINT, THE ONLY THING THAT COULD TRIGGER A SIGNIFICANT MOVE IN GOLD, IS A GEOPOLITICAL EVENT THAT WOULD TRULLY TRIGGER UNCERTAINTY IN THE MARKETS... .
--
GOOD LUCK!
Persaxu
Gold Trade Plan 07/05/2025Dear Traders,
after False break of Side Range price break top of Range,
The price is hitting the support at 3360-3370(pullback) and the move is continuing.
Momentum of Bullish movement is very Good , i expect price will be continue Uptrend to 3480
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 on expected upswingTechnical analysis: Nothing irregular at the moment on the Short-term as Gold (Xau-Usd Spot) continues to Trade on Buying extension taken from local Low's Bullish accumulation within #3,370’s zone with clear Resistance point, and Support levels / ready to deliver the breakout I was after. I highlighted many times recently that every / more serious decline may represent Buying accumulation towards new ATH's. The underlying Medium-term trend is still Bullish, so if the Intra-day Low breaks throughout today’s session, then I expect another run towards the #3,400.80 benchmark / Higher High's Upper zone and possible benchmark extension. One important difference though: the Hourly Moving Average broke and for the first time in #3 sessions Gold was testing it from below as a Resistance (this was needed to break again to comfort Buyers). However, if (November #4 - #9) / (January #1 - #6) (January #20 - #25) variance is yet to be repeated, Gold finished the same pattern (Trading on such configuration) and now should engage the aggressive decline once local High's are met.
My position: My practical suggestion is to Buy every dip on Gold.
When will gold's plunge bottom out?For gold on Monday, it can rely on the 3264-3268 line of pressure to continue shorting, and the limit of the pullback cannot exceed the 618 position of 3275, which is the watershed. The support below is 3222-3224. If it breaks, it will hit the low point of 3201-3202, which may not be maintained.
Gold will drop to $2,800 after the correction!Hello, traders
Gold starting the week with some bullish momentum. We've seen a 'BOS' to the downside, which is now being followed by a retest of a supply zone. This zone can either be around $3,317 (0.618% Fib) or higher around $3,400 zone (0.365% Fib).
Don't forget we're in a 'Wave 4 Correction' of the Elliott Wave Theory strategy. Wave 4 always has choppy price action to trap in late buyers & early sellers.
XAUSD FOMC - Gold Sniper Plan - May 7 - 2025💥 XAUUSD FOMC Sniper Plan – May 7, 2025
"We Don’t Chase Breakouts. We Build the Trap Before the Noise."
🌍 Macro & Geopolitical Context – What Really Matters Today
Markets are frozen in anticipation of tonight’s FOMC bombshell:
📌 20:00 UTC – FOMC Statement & Rate Decision
📌 20:30 UTC – Powell Speaks
Traders are split. Some expect a dovish tone to push gold through ATH. Others brace for a hawkish surprise.
But let’s get one thing straight:
Gold has already run thousands of pips. It doesn’t need help going higher — it needs a reason not to collapse.
That’s what Powell holds in his hands tonight.
Meanwhile, geopolitics stay hot in the background:
Middle East tensions simmer (again).
Trump pressure on Powell to step down adds political risk.
Global yields are compressing → gold remains macro-favored.
This is not a time for guessing. This is a time for traps.
🧠 Current Structure Snapshot (Price: 3431)
HTF is still bullish, but we're extended.
Last confirmed HH = 3488, with ATH = 3500
We're in a short-term retrace under a H4 CHoCH → excellent sniper conditions.
🧱 Key Structural Levels
Zone Type Price Range Context
🔼 R2 3488–3495 Last HH OB + extension sweep trap
🔼 R1 3448–3455 H4 OB + liquidity pocket under HH
🔽 S1 3378–3384 H4 OB + FVG + EMA 50 confluence
🔽 S2 3333–3340 D1 OB + CHoCH + imbalance zone
We don't use FIBO extensions for guessing entries. We use them to target the crowd who does:
Extension Price Range Use
1.272 3530–3535 TP3 only
1.618 3575–3580 Final exhaustion area
🎯 Sniper Setups – Real, Refined, Ruthless
🟢 Buy #1 – 3378–3384
Valid H4 OB
FVG tail fill + internal liquidity
RSI around 40 + EMA 50 bounce
SL: 3365
TP1: 3405 | TP2: 3430 | TP3: 3455
🧠 Our first reaction zone before news madness.
🟢 Buy #2 – 3333–3340
D1 OB + imbalance
Clean internal liquidity from 3300–3330
Confluence with CHoCH base
SL: 3315
TP1: 3370 | TP2: 3405 | TP3: 3448
💎 This zone is invisible to retail — perfect trap before spike.
🔴 Sell #1 – 3448–3455
H4 OB at premium
EMA rejection + FVG close
Pre-news stop hunt ideal here
SL: 3462
TP1: 3430 | TP2: 3405 | TP3: 3385
🎯 Don’t short gold randomly — short it here, where retail longs trap themselves.
🔴 Sell #2 – 3488–3495
Last HH OB before ATH
Strong fibo ext confluence
Sweeps = liquidity + exhaustion
SL: 3504
TP1: 3465 | TP2: 3430 | TP3: 3395
If they want to break ATH before Powell, we’ll be waiting above it.
⚙ EMAs in Sync
EMA Signal
21 Tested from below — sell confluence at 3448
50 Lining up near Buy #1
200 Far below — macro still bullish
🧠 Execution Plan
Stay flat before FOMC unless setups trigger with PA confluence
Anticipate whipsaws → SLs must be respected
If price consolidates above 3455 = bullish continuation likely
If it sweeps 3448–3455 and rejects = sell of the week
Drop a 🚀 and follow us: if you’re not trading emotion — you’re trading execution.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
Gold Head & Shoulder PatternThe completion of a head and shoulders pattern in the gold market suggests the potential commencement of an upward trend.
Current market conditions indicate that we are presently situated within the right shoulder formation of this pattern, an observation that warrants careful monitoring for confirmation of the bullish reversal and subsequent price appreciation.
GOLD WILL GO DOWN|SHORT|
✅GOLD is going down now
After a breakout a retest
A and a pullback from the
Key horizontal level
Of 3280$ so we are bearish
Biased and we will be expecting
A further bearish move down
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
US-China optimism, GOLD falls sharply from target levelIn early morning trading on Wednesday (May 7), spot OANDA:XAUUSD fell sharply by nearly 2%. Bloomberg said that despite the escalation of military conflict between India and Pakistan, signs of progress in trade negotiations between the United States and China have limited demand for safe-haven assets.
Previously, gold prices had surged for two consecutive trading days. Spot gold prices rose nearly 3% on Tuesday.
China and the United States announced that U.S. Treasury Secretary Besant and U.S. Trade Representative Greer will travel to Switzerland to meet with Chinese Vice Premier He Lifeng.
Today (Wednesday), a spokesperson for the Chinese Ministry of Commerce answered reporters' questions about the high-level economic and trade negotiations between China and the United States. The spokesperson said that China has decided to cooperate with the United States.
Vice Premier He Lifeng, as head of the China-US economic and trade negotiation team, will hold talks with his US counterpart, US Treasury Secretary Benson, during a visit to Switzerland. It is the first such meeting since US President Donald Trump imposed sweeping tariffs on China and has raised optimism that the two largest economies could reach a deal.
Gold prices have risen nearly 30% this year as Trump’s aggressive trade and geopolitical policies have caused widespread market turmoil and investors have sought safe havens. Gold hit a record high of $3,500 an ounce in April but has fallen in recent weeks.
The Federal Reserve will announce its interest rate decision later Wednesday, and policymakers are expected to keep rates unchanged despite Trump’s repeated criticism of Fed Chair Powell for not cutting rates.
Fed officials have often stressed the need to wait and see how the trade policies implemented last month will affect the economy. Lower borrowing costs tend to be good for gold.
Technical Outlook Analysis OANDA:XAUUSD
After gold achieved the target increase noted by readers in yesterday's edition at 3,430 USD, it has fallen significantly in the early trading session today (7 May). But the downside momentum is also limited by the 0.236% Fibonacci retracement level, which is noted as the nearest support level and for gold to continue to increase in price, it needs to achieve the condition of recovering and breaking the 3,430 USD level after which traders can think about the 3,500 USD level in the near future.
During the day, in the overall picture, gold still has a bullish outlook with the long-term rising price channel and the short-term rising price channel as the trend and support from the EMA21 moving average.
As long as gold remains above the EMA21 and within/above the aforementioned price channels, the overall outlook remains bullish, but you should also note that in the current market environment, price movements of 2-3%/day are very common, so technical positions need to be firmly established (preferably at confluences where multiple indicators are present).
My notable positions will be listed as follows.
Support: 3,371 – 3,350 USD
Resistance: 3,400 – 3,430 USD
SELL XAUUSD PRICE 3440 - 3438⚡️
↠↠ Stop Loss 3444
→Take Profit 1 3432
↨
→Take Profit 2 3426
BUY XAUUSD PRICE 3337 - 3339⚡️
↠↠ Stop Loss 3333
→Take Profit 1 3345
↨
→Take Profit 2 3351
Gold under Selling pressureTechnical 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.
My positions: All my Selling order are concluded at this point.
Gold Market Outlook – Upcoming FED Decision & Trading StrategyAs we head into the upcoming week, all eyes are on the Federal Reserve's interest rate decision, which is a major catalyst for gold. This event could significantly influence gold’s direction — either fueling the ongoing bullish trend or triggering a pullback.
🔎 Current Technical Outlook:
Gold is currently showing strong bullish momentum across higher timeframes.
Liquidity targets remain above, with key zones likely to be breached via wicks or trendline taps.
Given the uncertainty around the news and macro factors, we’ll execute trades only on confirmed setups from lower timeframe's confirmation.
📌 Trade Plan:
Open 50% of the position at $3160,
an inevitable level which is a critical level backed by technical confluence.
Enter remaining positions based on lower timeframe confirmation.
📝 Supporting Fundamentals:
COT (Commitment of Traders) Report indicates an increase in net long positions on gold.
$3160 is highly probable — we anticipate price to tap this zone.
The U.S. has significantly increased gold imports, reflecting strategic accumulation.
Smart money has taken partial profits, but large bullish positions are still being held.
Expectation: A sweep of major liquidity levels, followed by a continuation of the bullish trend.
Stay sharp and disciplined. Wait for confirmation before adding full exposure.
XAUUSD Bounce to daily resistance?Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.