GOLD → Retesting resistance may lead to a breakout.FX:XAUUSD breaks the downward resistance line on the senior timeframe and tests the upper limit of the trading range amid the falling dollar and Powell's speech. The metal may continue its upward movement.
The dollar's rise was short-lived after Fed Chairman Jerome Powell hinted at an imminent interest rate cut, but not in July... The probability of a rate cut in July fell to 22%, and in September to 72%.
Markets are awaiting fresh employment data (ADP and Nonfarm Payrolls), which could influence the prospects for rate cuts. Weak reports could revive interest in gold, but for now, the asset remains under pressure due to the short-term strengthening of the dollar and uncertainty surrounding Fed policy.
Technically, if the pre-breakout structure remains intact and gold continues to attack resistance within the local range of 3347-3330 (3335), the chances of further growth will be high...
Resistance levels: 3347, 3358
Support levels: 3336, 3316, 3311
The global trend is upward, and locally, the price is also returning to growth. If the bulls can maintain the current trend, break through the resistance at 3347, and hold their ground above this level, then the next target will be 3390-3400. I do not rule out a correction to 3325, 3316 (liquidity hunt) before the growth continues.
Best regards, R. Linda!
GOLD trade ideas
Lingrid | GOLD Shorting Opportunity at Confluence ResistanceOANDA:XAUUSD is approaching the key resistance near 3360 after rebounding from the 3245 support level and breaking out of the downward channel. Price is now testing the upward trendline from below, intersecting with the red descending trendline and horizontal resistance. If this confluence zone rejects the rally, a return toward 3305 or lower is likely, forming a potential bearish retest.
📉 Key Levels
Sell zone: 3350–3360
Buy trigger: breakout above 3360 with close above 3375
Target: 3305
Sell trigger: rejection from 3360 and break of 3340
⚠️ Risks
Break and retest of 3360 may invalidate short setup
Volatility around red trendline could trigger fakeouts
Demand near 3305 may cause sharp bounces if sellers stall
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
GOLD → Recovery and retest of resistance. DowntrendFX:XAUUSD has been recovering since the start of the session thanks to a weak dollar, but further growth is uncertain. However, the price is still below the key range and important levels.
At the beginning of the week, gold rebounded from monthly lows amid a weakening US dollar, which remains under pressure due to trade disputes with Japan, uncertainty surrounding the budget, and expectations of a Fed rate cut in September.
However, the technical picture for gold remains bearish, and further dynamics will depend on new statements from Fed officials, labor market data, and Jerome Powell's speech on Tuesday.
Technically, after breaking through the global range support, the price is forming a correction and testing 3294. Before a possible rise to 3320 or to the 0.7 Fibonacci zone, a correction to 3271 may form, which will determine the further development of the situation.
Support levels: 3271, 3255, 3245
Resistance levels: 3294, 3320, 3347
A retest of 3295 (0.5) Fibonacci is forming. There is a possibility of a false breakout with a possible correction. If, during the correction, buyers keep the price above 3271 and return to retest 3294, we will have a chance to attempt growth to 3320 - 3347
Best regards, R. Linda!
Lingrid | GOLD Weekly Analysis: Risk-Off Trade Unwinds OANDA:XAUUSD endured another challenging week as the Iran-Israel ceasefire continued to diminish safe-haven demand, while robust equity market performance drew capital away from precious metals. The risk-on environment has fundamentally shifted investor priorities, with growth assets overshadowing traditional defensive plays like gold.
The chart reveals gold testing the crucial $3,270 support zone, representing a significant confluence level where the upward trendline intersects with horizontal support. This area has historically provided strong buying interest and serves as a critical inflection point for gold's medium-term direction.
From a broader perspective, the 4H chart shows gold approaching the lower boundary of its established upward channel around $3,250. The pullback from the HH near $3,450 has accelerated through multiple support levels, with the downward trendline acting as dynamic support to any recovery attempts.
A decisive break below the $3,235 - $3,250 support confluence could trigger further selling toward the $3,200 major support zone. However, the long-term upward trendline dating back several months provides substantial technical backing. A successful defense of current levels would likely attract value buyers and could spark a relief rally toward the $3,330-$3,350 resistance area, particularly if geopolitical tensions resurface or equity markets show signs of fatigue.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
GOLD: Nothing Changed, Still BearishGOLD: Nothing Changed, Still Bearish
At the moment, gold is following developments in the Middle East. The geopolitical situation seems to have improved, thus creating a short-term release of liquidity in long gold positions.
It could be a short-term gain, but there could also be a larger wave that could follow these moves. No one knows what could happen with gold movements in general.
With the current data, gold remains bearish and is still following our old scenarios.
Today, ARRI tested the 3300 structure area, showing that we have some sellers pushing the price down from that area.
If gold holds this area strong, then it could fall as shown in the chart;
Key target areas: 3262; 3247.5; 3218; 3192 and 3160
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
GOLD 1H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3300 and a gap below at 3271. We will need to see ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
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 20 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
3300
EMA5 CROSS AND LOCK ABOVE 3300 WILL OPEN THE FOLLOWING BULLISH TARGETS
3324
EMA5 CROSS AND LOCK ABOVE 3324 WILL OPEN THE FOLLOWING BULLISH TARGET
3354
EMA5 CROSS AND LOCK ABOVE 3354 WILL OPEN THE FOLLOWING BULLISH TARGET
3383
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3354 WILL OPEN THE FOLLOWING BEARISH TARGET
3239
EMA5 CROSS AND LOCK BELOW 3239 WILL OPEN THE SWING RANGE
3213
3179
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
Lingrid | GOLD Pre-NFP Price Action AnalysisThe price perfectly fulfilled my last idea . OANDA:XAUUSD rebounded strongly from the 3244 support area, breaking above the downward trendline and pushing into the mid-resistance band. The price is currently testing 3353 and could pull back slightly before retesting the 3388 key resistance level. A sustained breakout above that red trendline would open the door for a run toward 3450.
📈 Key Levels
Buy zone: 3312–3330 (post-breakout retest area)
Sell trigger: break below 3312 and close under trendline
Target: 3388 with potential extension to 3450
Buy trigger: confirmed bullish bounce from 3312 and momentum above 3353
💡 Risks
Resistance at 3388 may cause rejection if volume fades
Downward trendline remains a structural cap unless fully broken
False breakout could return price back to 3244 zone quickly
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Trading Signal for (XAU/USD) sell below $3,359 (21 SMA-7/8 MurraEarly in the European session, gold is trading around 3,341, below the 7/8 Murray and above the 21 SMA and the 200 EMA, with a bullish bias.
We can see that gold reached the 7/8 Murray level on the H4 chart. This has become strong resistance, so we believe a technical correction could occur below this level in the coming hours.
On Monday, we observed gold reaching a low of 3,238, where it found a technical rebound,, as this coincided with the bottom of the downtrend channel.
Gold has a bullish bias, having reached oversold levels since June 26. It is likely that after a technical correction, it could resume its bullish cycle and reach the 8/8 Murray level at 3,437.
If gold falls below 3,359 in the coming hours, we could expect it to reach the 200 EMA around 3,321. This area will be seen as an opportunity to resume buying, as a bullish trend is emerging.
The RSI indicator is showing a positive signal, so we could take advantage of a technical rebound around 3,320 or 3,305. Both levels could provide gold with good support and a buying opportunity.
THE KOG REPORTTHE KOG REPORT:
In last week’s KOG Report we said we would be looking for price to attempt that higher level and potentially break for higher pricing. If it didn’t the path showed the level for an opportunity to short which fell just short but worked well into the level we initially wanted.
We then published the red box targets and the bias through the week which held, and we managed to complete all bearish targets by Friday.
Was it easy? No! Did we expect that flush? No! We simply got to a stage on Friday where we could only watch or get in with the volume, so we stood back and just watched.
So, what can we expect in the week ahead?
Simple one this week. We can see potential for lower, however, we’re too low to attempt shorting this, especially with the key level 3250-55 just below and major support. For that reason, we published the red boxes to help you all, look for the break either side! Ideally, we want to support on the low from the open and then continue with the move upside into the 3280-85 level initially, which should flip us on the support at 3270-75. We could range there as there is no news tomorrow but a gradual incline is what we’re looking for.
Support 3250-55 needs to break for lower, while resistance 3306-10 is the level that needs to break to go higher. That’s our potential range for now.
KOG’s bias for the week:
Bullish above 3250 with targets above 3278, 3285, 3297 and above that 3306
Bearish below 3250 with targets below 3240, 3232, 3220 and below that 3212
RED BOX TARGETS:
Break above 3275 for 3279, 3285, 3289 and 3306 in extension of the move
Break below 3260 for 3255, 3251, 3240 and 3235 in extension of the move
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our Bullish target at 3300 hit perfectly!!!!
We will now look for ema5 cross and lock to confirm a continuation or failure to lock will follow with a rejection into the lower Goldturns for support and bounce.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
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 20 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
3300 - DONE
EMA5 CROSS AND LOCK ABOVE 3300 WILL OPEN THE FOLLOWING BULLISH TARGETS
3324
EMA5 CROSS AND LOCK ABOVE 3324 WILL OPEN THE FOLLOWING BULLISH TARGET
3354
EMA5 CROSS AND LOCK ABOVE 3354 WILL OPEN THE FOLLOWING BULLISH TARGET
3383
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3354 WILL OPEN THE FOLLOWING BEARISH TARGET
3239
EMA5 CROSS AND LOCK BELOW 3239 WILL OPEN THE SWING RANGE
3213
3179
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 : Bull or Bear ? (READ THE CAPTION)By analyzing the gold chart on the 4-hour timeframe, we can see that the price continued its correction yesterday, dropping to as low as $3327. However, gold rebounded and is currently trading around the $3344 level.
The key condition for further bullish movement is a stable hold above $3338. If this level holds, the next potential upside targets are $3366 and $3399 respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD → Attempt to consolidate above 3350 for growth to 3400FX:XAUUSD , after retesting resistance at 3347, is breaking through the key level, while bulls are trying to hold their ground above support. There is potential for growth to 3400.
Gold retreated from its weekly high of $3366 ahead of key US employment data (NFP), which could set a new direction for the movement. But technically, this looks like a correction to consolidate above the level before continuing to rise. After three days of growth, the price faced selling amid a recovery in the dollar and profit-taking. Weak employment data (especially below 100,000) could reinforce expectations of a Fed rate cut as early as July and support gold. Conversely, a strong report will strengthen the dollar and put pressure on the metal. The market is bracing for high volatility
Resistance levels: 3363, 3393, 3400
Support levels: 3347, 3336, 3311
The price has entered a new range of 3345-3400. Consolidation is forming above the support level before a possible rise. I do not rule out another retest of 3345-3336 (liquidity zone) before realization and a rally to 3400.
Best regards, R. Linda!
GOLD → Retest of the resistance range. Correction?FX:XAUUSD is recovering amid expectations of lower interest rates in the US, and the falling dollar is also supporting the price of the metal.
The dollar remains under pressure due to political uncertainty in the US, budget concerns, and trade risks. However, strong stock market growth and possible tariff measures against Japan and the EU are also affecting the market, adding volatility to gold
Powell will speak at the ECB forum, and markets are waiting for him to hint at a rate cut. Currently, the probability of a cut in July is estimated at 20%, and in September at 77%. A dovish tone will support gold, while a hawkish tone will increase pressure.
Technically, since the opening of the session, gold has exhausted its daily range (ATR), and there is a fairly high probability that after strong growth, the price may be stopped in the 3347-3350 zone.
Resistance levels: 3347, 3350
Support levels: 3312, 3295
If gold cannot continue to rise after breaking through 3347 and the price returns to the resistance zone, then in this case, we can consider a correction to 0.5-0.7 Fibonacci before a possible continuation of growth.
Best regards, R. Linda!
GOLD DAILY CHART ROUTE MAPHey Everyone,
Following up on our previous Goldturn channel post – the recent price action has played out exactly as anticipated. We saw a clean rejection at the channel top around 3433, with price failing to lock above and confirming that resistance is still very much in control at the range ceiling.
This rejection was perfect and it led to a decisive move back down into the 3272 Goldturn support. This level is now acting as a critical pivot. From here, we’re watching closely for one of two outcomes:
1. Bounce Scenario: If price holds and we see a supportive reaction from 3272, particularly with no EMA5 cross and lock confirmation, we will look for long opportunities to slowly ascend the channel again. Expect a grind with testing of in-between levels as structure develops.
2. Breakdown Scenario: If 3272 fails to hold, we expect the next key test to occur at the channel’s midline – a level that has acted as support. A further breakdown would likely target 3106, our next Goldturn support zone, for potential reversal setups.
This price action continues to validate the effectiveness of the Goldturn channel structure keeping us grounded and responsive rather than reactive.
We remain focused on level to level trading, guided by the channel and supported by EMA5 confirmations for directional analysis.
Key Levels to Watch:
Resistance: 3433
Support: 3272 (current test), 3106 (if breakdown continues)
Stay patient and let price confirm. The best trades continue to come from structure respecting reactions, not from chasing.
Mr Gold
GoldViewFX
Gold Bounces from Demand Zone – Next Targets in Sight!By analyzing the gold chart on the 4-hour timeframe, we can see that today, price once again dipped into our key demand zone (Bullish Rejection Block) between $3245 and $3262, where it faced strong buying pressure and rallied up to $3296.
Currently, gold is trading around $3281, and as long as price holds above $3273, we expect further upside. The next potential targets are $3294, $3300, and $3309.
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Lingrid | GOLD Bear Channel Break: Short OpportunityOANDA:XAUUSD has broken down from the upward channel and is now trading below the key 3,321 level, which previously served as support. The price is forming a bearish structure beneath the black and blue trendlines, with 3,250 emerging as the next potential target. A minor relief bounce could retest 3,320, but rejection here would reinforce downside continuation.
📈 Key Levels
Sell zone: 3,315–3,330
Sell trigger: rejection below 3,321
Target: 3,250
Sell confirmation: breakdown from 3,285 with momentum
💡 Risks
False breakout above 3,321 could trap sellers
Weak bearish momentum may result in sideways chop
Re-entry into channel could negate bearish outlook
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
GOLD → Local bearish trend. Retest of support.FX:XAUUSD is technically looking a little weak. Support is being retested amid de-escalation of geopolitical conflicts in the Middle East. Interest in the metal is waning.
On Friday, gold remains under pressure ahead of data on the core PCE index, a key inflation indicator for the Fed. If inflation turns out to be higher than expected, this could strengthen expectations of a rate cut as early as July, supporting gold. The probability of a July cut is currently estimated at 21%, and 75% for September. Amid dollar volatility caused by rumors of a possible Fed chair replacement and trade negotiations with the EU and China, traders remain cautious, awaiting clarity on inflation and monetary policy
Technically, before falling, gold may form a correction to 3320 (liquidity capture).
Resistance levels: 3320, 3336, 3347
Support levels: 3293, 3271
If the fundamental background remains unchanged and gold continues to decline towards support at 3293 and break through this level, the breakout could lead to a fall to 3271. However, I do not rule out the possibility that after a sharp decline, a correction to 3320 could form before the fall.
Best regards, R. Linda!
GOLD ROUTE MAP UPDATEHey Everyone,
Another PIPTASTIC day on the charts today with our analysis playing out to perfection!!!
After hitting 3300 target yesterday, we stated that we would now look for ema5 cross and lock above 3300 to open 3324. This was locked and loaded and we got the target hit at 3324. This followed with a further ema5 cross and lock above 3324 opening 3354, which was also hit perfectly completing this range.
We are now seeing a perfect rejection from this level and unless we get a ema5 cross and lock above this level for a continuation, we are likely to see the lower Goldturns tested for support and bounce.
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 20 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
3300 - DONE
EMA5 CROSS AND LOCK ABOVE 3300 WILL OPEN THE FOLLOWING BULLISH TARGETS
3324 - DONE
EMA5 CROSS AND LOCK ABOVE 3324 WILL OPEN THE FOLLOWING BULLISH TARGET
3354 - DONE
EMA5 CROSS AND LOCK ABOVE 3354 WILL OPEN THE FOLLOWING BULLISH TARGET
3383
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3354 WILL OPEN THE FOLLOWING BEARISH TARGET
3239
EMA5 CROSS AND LOCK BELOW 3239 WILL OPEN THE SWING RANGE
3213
3179
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
Gold Breakout Retest – Will PRZ Trigger the Next Rally?Gold ( OANDA:XAUUSD ) attacked the Resistance lines and Resistance zone($3,350-$3,326) as I expected in yesterday's idea .
Gold seems to have broken the Resistance zone($3,350-$3,326) and Resistance lines and is pulling back to this zone.
In terms of Elliott Wave theory , Gold appears to have completed wave 3 and is currently completing wave 4 .
I expect Gold to have a chance to rise back to the Resistance zone($3,394-$3,366) after entering the Potential Reversal Zone(PRZ) .
Note: Stop Loss (SL) = $3,297=Worst SL
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Market Update: Stuck in summer time range / SeasonalityGold is stuck so far last 4-6 weeks in tight range trading conditions
due to summer time seasonality also strong gains previously
expecting range locked conditions in July as well here's an
overview of 5 years and 10 years of seasonality data by month
until at least August expecting dead market conditions it's best
to focus on trading the range or trading with automated algo instead.
Here are the two tables showing month-over-month percent changes in gold prices (London PM fix USD/oz) for June, July, and August:
| Year | June Close | July Close | August Close | June % | July % | August % |
| ---- | ---------: | ---------: | -----------: | -----: | ------: | -------: |
| 2023 | 1,942.90 | 1,951.02 | 1,918.70 | –0.04% | +0.42% | –1.68% |
| 2022 | 1,836.57 | 1,732.74 | 1,764.56 | –5.65% | +1.80% | +1.80% |
| 2021 | 1,834.57 | 1,807.84 | 1,785.28 | –1.47% | –1.48% | –1.22% |
| 2020 | 1,761.04\* | 1,771.65\* | 1,968.16\* | +8.66% | +11.19% | +10.99% |
| 2019 | 1,342.66\* | 1,413.39\* | 1,523.00\* | +5.29% | +7.95% | +7.74% |
| Year | June Close | July Close | August Close | June % | July % | August % |
| ---- | ---------: | ---------: | -----------: | -----: | ------: | -------: |
| 2023 | 1,942.90 | 1,951.02 | 1,918.70 | –0.04% | +0.42% | –1.68% |
| 2022 | 1,836.57 | 1,732.74 | 1,764.56 | –5.65% | +1.80% | +1.80% |
| 2021 | 1,834.57 | 1,807.84 | 1,785.28 | –1.47% | –1.48% | –1.22% |
| 2020 | 1,761.04\* | 1,771.65\* | 1,968.16\* | +8.66% | +11.19% | +10.99% |
| 2019 | 1,342.66\* | 1,413.39\* | 1,523.00\* | +5.29% | +7.95% | +7.74% |
| 2018 | 1,270.00\* | 1,230.00\* | 1,194.00\* | –1.09% | –3.15% | –3.02% |
| 2017 | 1,257.00\* | 1,243.00\* | 1,280.00\* | +0.72% | –1.10% | +2.93% |
| 2016 | 1,255.00\* | 1,364.00\* | 1,322.00\* | +3.24% | +8.67% | –3.11% |
| 2015 | 1,180.00\* | 1,172.00\* | 1,116.00\* | –2.06% | –0.68% | –4.69% |
| 2014 | 1,320.00\* | 1,311.00\* | 1,312.00\* | –0.65% | –0.68% | +0.08% |
🔍 Summary Highlights
June has been weak more often than not—negative in 6 of the past 10 years.
July shows modest gains overall—positive in 7 of the last 10.
August is the strongest summer month—positive 6 times out of the past 10, with several double-digit y/y gains (like +10.99% in 2020).
#XAUUSD: +2000 Swing Sell In Making! Get ReadyGold has dropped to the 3330 region but has now reversed and is currently trading at 3350. The next potential move could be at 3380, followed by 3400. Our sell entry is at 3400, where we believe the price will reverse. Our long-term view is that gold will head towards 3100, but our first target will be 3200. Please use accurate risk management when trading gold, as it can cause serious financial issues if not planned properly. This analysis does not guarantee any price movement.
Good luck and trade safely!
Team Setupsfx!
Gold (XAU/USD) Bearish Trade Setup – June 27, 2025Entry Point: Around 3,300.98 USD
Stop Loss (SL): ~3,312.20 USD
Take Profit (TP): 3,229.33 USD
Current Price: 3,286.15 USD
Risk-Reward Ratio: ~1:6.3
(Potential reward ≈ 71.65 pts; risk ≈ 11.22 pts)
Technical Breakdown:
Trend:
The price is in a short-term downtrend, supported by:
Lower highs and lower lows.
Price trading below both 50 EMA (red) and 200 EMA (blue), confirming bearish momentum.
Bearish Breakout:
Price broke below a key support-turned-resistance zone near 3,300–3,302, triggering sell pressure.
Resistance Area:
Strong rejection at 3,302–3,312 zone, which is now acting as resistance.
SL is placed just above this zone to protect against false breakouts.
Target Zone:
TP set at 3,229.33, aligning with a previous support zone — a logical area for price to react.
Strategy Notes:
Bias: Bearish
Entry confirmation: Already triggered.
Risk Management: SL placement is tight and strategic; RR ratio is highly favorable.
Next support below TP: If 3,229 breaks, further downside could follow.
Summary:
This setup shows a well-defined bearish continuation with a clean break of support, a controlled SL above resistance, and a strong RR ratio. A suitable trade for trend-following strategies, but price must not retrace above 3,312 for this idea to remain valid.
Gold may bounce up from support line of channel to 3330 pointsHello traders, I want share with you my opinion about Gold. Previously, the price broke out of a symmetrical triangle and moved confidently toward the seller zone. However, it failed to consolidate there and formed a downward channel, where price action has remained since. The movement inside this channel has been consistent, respecting both the resistance and support lines. After reaching the lower boundary, the price bounced up and approached the resistance area (3290 - 3300), which now acts as a key short-term obstacle. This zone was tested multiple times and served as support earlier, making it a strong technical level. Currently, the price is trading just below this zone and forming a base for the next move. I expect a possible retest of the support line of the downward channel, which may provide the impulse needed for a new upward move. In my opinion, the price will rebound from the bottom of the channel and start to grow toward the current resistance level at 3300. If this level is broken and confirmed via a retest, I expect continued movement toward the channel’s upper resistance line. That’s why I set my TP 1 at 3330 points, right near the resistance line of the channel. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.