GOLD trade ideas
XAU.usd watch $3407/18: Key Resistance and end of "Wave B" ?Part of my ongoing analysis of Gold (see below).
Per the last plot, we bounced exactly where hoped.
We may well be at "Wave B" end point near $3400.
This is bears best and last chance to get a lower low.
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Last Plot that caught our bounces EXACTLY
Previous Plot called the last Dip Entry EXACTLY
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I will post updates on this Idea as price action progresses.
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Please follow and like, for more EXACT plots to use in your trading.
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Gold Trading Strategy, May 7-8📊From the hourly level, gold formed a double-needle bottoming pattern near 3360 during the early morning correction, showing strong short-term support. At the same time, 3350, as the low point of yesterday's Asian session correction, also constitutes an important support area at present, which needs to be focused on in the short term.
📊Before the announcement of the Fed's interest rate decision, market sentiment is relatively cautious, and gold is expected to continue to fluctuate at a high level in the range of 3350 to 3400. In terms of trading strategy, you can continue to maintain the idea of selling high and buying low in the range, that is, try to short with a light position near 3400, and try short-term long orders when it falls back to 3350.
📊If gold breaks below the 3350 support line, it means that the short-term structure will weaken. It is recommended to follow the trend and go short. The further downward target can focus on the 3290 line, which is an important platform support area in the early stage.
✅Short-term Trading Strategy:
🔰Within the range (3350-3400): mainly sell high and buy low;
🔰If the support of 3350 is broken: follow the trend and go short, the target is around 3290;
🔴Upper resistance level: 3400-3410;
🟢Lower support level: 3350, 3290.
✅Trading strategies are time-sensitive. We will provide members with real-time and accurate trading strategies based on market changes. Short-term trading requires flexibility, timely adjustment of positions, strict risk control, and ensuring that you are not affected by large fluctuations.
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold climbed higher, but very swiftly rejected our 0.365% zone, melting back down 740 PIPS. Should see a continuation to the downside.
But as I said yesterday, if we see a breach of $3,465 then we'll create an alternate analysis which'll show Gold leading towards a new ATH, creating a 'redistribution phase' at higher prices.
Gold Technical Analysis.The image you uploaded is a technical analysis chart for XAU/USD (Gold) on the 1-hour timeframe, published on TradingView. Here’s a breakdown of the chart:
1. Trend and Pattern:
The chart shows a bullish trend with two ascending channels (marked in green) that recently broke to the downside.
The price reached a resistance zone (marked with a black rectangle) and reversed sharply.
2. Price Action:
The current price is approximately 3,370.94, showing a decrease of 1.91%.
After breaking the ascending channel, the price is showing bearish momentum.
3. Prediction/Target:
The chart suggests a potential continuation of the downward move, with a target around the 3,340 level (marked in blue).
A consolidation or small pullback is indicated before continuing downward.
4. Key Zones:
Resistance Zone: Around 3,400 - 3,440.
Support Zone/Target: Around 3,340.
The chart analysis indicates a bearish bias with the possibility of a price drop toward the target zone. Would you like insights on trading strategies based on this analysis?
Positive tariff news favors lower gold prices - wait for FOMC🔔🔔🔔 Gold news:
➡️ Gold prices ended the week down around 2.50% as improved risk appetite - driven by easing trade tensions and a strong US jobs report - prompted investors to book profits ahead of the weekend.
➡️ Over the weekend, China's Ministry of Commerce said the US was open to trade and tariff talks, reaffirming that Beijing's door to dialogue remains open.
➡️ Bullion prices continued to fall after April's non-farm payrolls unexpectedly rose, beating expectations, while the unemployment rate remained unchanged from March. XAU/USD fell to an intraday low of $3,222 as traders reduced expectations for four rate cuts from just three now.
Personal opinion:
➡️ There is still no strong enough momentum for gold to continue rising and must wait for the upcoming FMOC. Therefore, gold will maintain a short-term downtrend in the beginning of next week
➡️ Note: any information about the US-China trade war is given top priority
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3293 - 3296
❌SL: 3190 | ✅TP: 3200 - 3205 - 3210
👉Sell Gold 3255 - 3258 (Scalping)
❌SL: 3263 | ✅TP: 3251 - 3246 - 3240
FM wishes you a successful trading week 💰💰💰
Gold Will Fall DownXAU/USD Analysis (4H)
Observations:
- Current price nearing a Bearish Fair Value Gap (FVG) zone
Trade Idea:
- Expecting a downward push from the FVG zone
- Sell opportunity in Gold
Target:
- 3150
This setup suggests a potential sell signal, with the FVG zone acting as a resistance level. Let's see how the market reacts.
NFP is out. Market reaction - 2025.05.02The NFP number came out higher than the forecast, but lower than the previous (even the revised one). The initial reaction was in favour of DXY, but it has gone quiet very quickly. Maybe because of the fact that the market is preparing for some action on 7th of May, when the Fed announces interest rates.
Let's dig in...
MARKETSCOM:DOLLARINDEX
FX_IDC:AUDUSD
FX_IDC:USDJPY
Let us know what you think in the comments below.
Thank you.
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Technical move on Gold XAUUSD GOLD Update H1 Timeframe 🙌
- This Analysis is based on Educational Purposes using Technical aspect ❗️
- We set our trendline accordingly to Technical Analysis
- There is a good selling Opportunity from 3278.00 - 3285.00 point
- Targets would be set according to charts 3264 - 3242.00 - 3230.00
Follow the Trend with 🔽
- Consistency
- Focus Mindset
- Confident
- Risk Management
Additionally: There is a high impact news which would fluctuate the market ❗️
Gold plummeted as expected. Operation strategy?In my last analysis, Quaid predicted that gold was at risk of falling and breaking.
Quaid promptly told everyone that they could short trade at 3310-3320.
At present, the market situation is basically consistent with Quaid's expectations. As of now, gold has fallen to a low point near 3215. And it has been maintained for some time.
Quaid speculates that gold will continue to maintain a bearish trend and continue to retreat.
Quaid data analysis:
From the hourly chart, gold is currently following a wave trend, and the highest point of 3352 is the starting point of wave A. The high point of wave b is at 3320. If the current 3220 is the beginning of the low point of wave C, then be careful of its continued decline.
Trading strategy:
In terms of the next operation, Quaid suggests waiting for short trading near 3225.
If gold falls below 3210 again, then the bottom can directly look towards the 3190-3200 range.
Quaid warned everyone not to think that the trading range is very large; because the trading markets in some Asian countries are closed, any terrible thing could happen. It is recommended that everyone take profits in time.
Gold falls, can the bears continue?
Recently, the gold market has been affected by multiple factors and the volatility has intensified:
Trade policy uncertainty: Trump plans to impose a 100% tariff on overseas films, exacerbating concerns about a trade war, and risk aversion has once pushed up gold prices.
Fed policy expectations: Although the Fed kept interest rates unchanged in the early morning, the market is more concerned about its future policy path, and the impact of interest rate decisions is limited.
Progress of Sino-US trade negotiations: Optimistic sentiment has partially weakened risk aversion demand, causing gold prices to fall from highs.
Spot gold previously hit its highest level since April 22 at 3438, but due to profit-taking and changes in market sentiment, prices retreated from highs and entered a period of shock consolidation in the short term.
Technical analysis
1. Short-term structure (4H chart)
Key range: Yesterday, gold fluctuated around the 3360-3400 range. Although there was an interest rate decision in the early morning, no breakthrough was formed.
Risk of false breakthrough in the early trading: After opening today, it quickly rose to 3414 and then fell back quickly, forming a pattern of inducing more, indicating that the market is still bearish in the short term.
Current trend: The 4H chart structure weakened, and the price fell below the short-term support. If 3320 is lost, it will further drop to the 3300-3260 area.
2. Key support/resistance
Short-term resistance: 3344-3348 (high point of Asian session rebound), 3356-3360 (upper edge of yesterday's shock)
Short-term support: 3330 (intraday low), 3320 (key support level), break down to 3300
Strong support: 3260 (weekly level support)
Trading strategy suggestions
1. Short-term short selling (main strategy)
Entry position: around 3348 (if the rebound is weak)
Stop loss: 3358 (to prevent false breakthroughs)
Target: 3300 (first target), break to 3260
2. Break to short (if data pushes)
Condition: If the initial jobless data in the evening is negative, and the price falls below 3320
Follow-up strategy: short selling, target 3300-3260
3. Low-long strategy (wait and see)
If the price quickly drops to the 3260-3280 area and stabilizes, you can consider short-term rebound long orders, but it needs to be combined with market sentiment and data performance.
Focus on events
Tonight's initial jobless claims data: If the data is weaker than expected, it may strengthen the expectation of interest rate cuts and limit the decline of gold prices; on the contrary, if the data is strong, it will accelerate the decline.
Progress of Sino-US trade negotiations: Any sudden news may cause violent market fluctuations.
Summary
Gold is short-term technically bearish. It is recommended to sell short on rebounds in terms of operations, focusing on the resistance area of 3348-3360. If it is under pressure, look down to 3300-3260. Be cautious with data and strictly stop losses to control risks.
The Fed’s interest rate decision makes a grand debut
After gold quickly rose and fell today, gold basically began to fluctuate sideways. Of course, this is also to welcome the heavy data of the Federal Reserve's interest rate decision; gold is likely to fluctuate like this before the data, so where will the Federal Reserve's interest rate decision go? And how to lay it out?
Judging from the recent market and data, there is a high probability that gold will keep interest rates unchanged, so gold as a whole will still maintain a volatile upward trend. The gold 1-hour moving average is still a bullish arrangement with a golden cross upward. The strength of the gold bulls is still there, and gold will continue to make more dips. Gold 3350 is still an important turning point for gold's long-short transition. After the gold Fed interest rate decision, then we will continue to go long on dips above 3350. After the Federal Reserve's interest rate decision, gold will continue to buy on dips above 3350.
Gold's short-term trend is still a bullish arrangement. Gold will continue to buy on dips without breaking 3350. If the gold data unexpectedly falls below 3350, then re-arrange it at that time.
Operational ideas:
Gold more than 3350, stop loss 3340, target 3400-3420;
Gold H4 | Pullback support at 38.2% Fibonacci retracementGold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 3,343.88 which is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 3,270.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement.
Take profit is at 3,431.43 which is a swing-high resistance that aligns with the 78.6% Fibonacci retracement.
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GOLD PLAN UPDATE 07/05/2025H4 is showing a reversal signal, but it looks more like a retest of the broken resistance zone.
By the book + looking at the D1 chart, there’s a high chance gold pushes higher after this retest.
To me, this current rally feels a bit shaky.
My view: gold might retest or break the previous high, but I don’t see it running too far before pulling back again.
That’s my medium-term outlook—not a short-term call. Let’s wait and see 😄
XAUUSD: Gold setting up for small buy opportunities 15 min TFHello,
XAUUSD is currently setting up for a potential short-term buying opportunity. Despite elevated volatility in recent sessions, we expect this trend to persist as the new U.S. administration continues rolling out its policies. While Trump has softened his tone on tariffs, he remains firm on maintaining them until the U.S. secures fairer trade agreements—consistent with his broader economic agenda.
Given the prevailing uncertainty, we still see limited but promising opportunities for gold buyers. Technically, gold appears to have completed a corrective phase and is positioning for a fresh rally. Our near-term target is set at \$3,500. Additionally, the MACD is approaching a zero-line crossover, signaling a possible shift in momentum that supports a cautious bullish stance.
The FED rate decision later today could be the catalyst for the small move.
Good luck.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The Trader’s Trinity: THE BIG 3 OF TRADING!Everyone talks about strategies, indicators, and secret setups.
But if you strip trading down to its core, three pillars separate the winners from the quitters.
me @currencynerd , i call them The Big 3:
✅ Mindset/ Psychology
✅ Risk Management
✅ Strategy/ System with edge
You master these — you grow.
You neglect even one — you stay stuck, or worse, blow up.
Let’s dig in.
🧠 1. Mindset: Your Inner Edge
Markets aren't just math — they’re emotion, fear, greed, and uncertainty.
Successful traders:
Stick to plans during volatility
Stay calm after wins or losses
Manage ego (no "I must be right!" trades)
Key mindset habits:
Journaling trades (and emotions)
Setting realistic expectations
Accepting losses as part of the game
🔔 Reminder:
The market doesn't owe you anything. Stay humble, stay focused.
💣 2. Risk Management: Your Lifeline
Risk management isn't sexy — until you realize it's the reason you survive long enough to succeed.
Never risk more than 1–2% of your account on a single trade
Use stop-losses religiously
Understand position sizing — bigger conviction doesn’t mean "bet the farm"
Be comfortable being wrong — because you will be, often
Quote to live by:
"Amateurs focus on returns. Professionals focus on risk."
You don’t need to win every trade. You just need to protect your downside.
📈 3. Strategy: Your Playbook
Strategy gets all the attention — but it's only powerful if Mindset and Risk are already in place.
Your strategy should answer:
When do I enter?
When do I exit?
How do I manage trades in between?
Good strategies:
Are tested (backtested and forward tested)
Are simple (complexity often kills execution)
Fit your timeframe and personality
Trend following, mean reversion, breakout trading, scalping — it doesn’t matter.
What matters is consistency and execution.
🚀 Why the Big 3 Matter More Than Anything Else
Mindset keeps you stable.
Risk Management keeps you in the game.
Strategy gives you direction.
Neglect one and your trading will eventually collapse — no matter how good the other two are.
Successful trading isn’t a magic trick.
It’s mastering boring basics, executed relentlessly.
Final Thoughts from @currencynerd
You don’t need to find the Holy Grail.
You just need to respect the Big 3:
Master your mind.
Respect your risk.
Stick to your strategy.
Most traders are searching for the secret.
Elite traders are perfecting the fundamentals.
Which group are you going to be in?
put together by : @currencynerd
courtesy of : @TradingView