Gold Finds Support in PRZ – $3,337 in Sight? As I expected in my previous idea , Gold ( OANDA:XAUUSD ) moved towards the Support zone($3,280-$3,245) after breaking the lower line of the ascending channel.
Gold is moving near the Support zone($3,280-$3,245) , Potential Reversal Zone(PRZ) and Monthly Pivot Point .
In terms of Elliott Wave theory , Gold appears to be completing a main wave 4 . The structure of the main wave 4 can be complex . Confirmation of the end of the main wave 4 requires a break of the Resistance lines and Resistance zone($3,387-$3,357) .
I expect Gold to move up after entering the Potential Reversal Zone(PRZ) and the first target could be $3,314 and the second target could be $3,337 . If the momentum is high for Gold, you can consider higher targets for Gold to increase .
Note: If Gold touches $3,245 , we should expect further declines.
Gold Analyze ( XAUUSD ), 2-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).
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GOLD trade ideas
ADP-NF factor to help gold price return to 3400?⭐️GOLDEN INFORMATION:
Gold prices gave back part of Monday’s gains, slipping over 0.80% on Tuesday, as robust U.S. labor market data reinforced the case for a strong economy and pressured the non-yielding metal. At the time of writing, XAU/USD trades around $3,348, after reaching an intraday peak of $3,392.
Investor sentiment brightened after the latest U.S. Job Openings and Labor Turnover Survey (JOLTS) revealed a sharp uptick in job vacancies for April, signaling continued tightness in the labor market. The upbeat data comes ahead of a pivotal week packed with employment reports, including Wednesday’s ADP Employment Change for May and Friday’s highly anticipated Nonfarm Payrolls, both of which could shape expectations for Federal Reserve policy.
⭐️Personal comments NOVA:
Gold prices maintain bullish momentum, tariff momentum coupled with current unfavorable economic data
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3411- 3413 SL 3418
TP1: $3400
TP2: $3390
TP3: $3380
🔥BUY GOLD zone: $3332- $3330 SL $3325
TP1: $3345
TP2: $3358
TP3: $3370
⭐️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
When and How to Use Weekly Time Frame in Gold Forex Trading
Ignoring weekly time frame chart analysis could cost you big losses in Forex, Gold trading!
Discover 3 specific cases when weekly time frame beats daily time frame analysis.
Learn the situations when weekly timeframe exposes what daily charts can’t, how to analyze it properly and when to check it.
1. Long-term historic levels
When the market trades in a strong bullish or bearish trend and goes beyond recent historic levels, quite often the daily time frame will not be sufficient for the identification of significant supports and resistances.
The proven way to identify the next meaningful levels will be to analyze a weekly time frame.
Examine a price action on EURAUD forex pair on a daily time frame chart. The market is trading in a strong bullish trend and just updated the high.
Checking the historic price action, we don't see any historic resistance on the left.
Switching to a weekly time frame chart, we can easily recognize a historic resistance that the price respected 5 years ago.
That's a perfect example when weekly t.f revealed a historic price action that a daily didn't.
2. Trend-lines
Weekly time frame analysis is important not only for a search of historic levels. It can help you find significant vertical structures - the trend lines.
We can easily find several meaningful historic resistances on EURUSD pair on a daily time frame.
Though, there are a lot of historic structures there, let's check if there are some hidden structures on a weekly.
Weekly time frame reveals 2 important trend lines, one being a vertical support and another being a vertical resistance.
With a daily time frame analysis, these trend lines would be missed .
3. More accurate breakout confirmations
Some false support and resistance breakouts that you see on a daily could be easily avoided with a weekly time frame analysis.
Quite regularly, a daily time frame support or resistance is in fact a weekly structure. And for its breakout, a weekly candle close will provide more accurate confirmation.
From a daily time frame perspective, we see a confirmed breakout - a daily candle close above a solid resistance zone.
It provides a strong bullish signal on AUDUSD forex pair.
However, the violation turned out to be false and dropped.
Such a false breakout , could be easily avoided, checking a weekly time frame chart.
The underlined resistance is in fact a weekly structure.
The price did not manage to close above, and perfectly respected that, starting to fall after its test.
Such a deeper analysis would completely change our bias from strong bullish (based solely on a daily) to strongly bearish (based on a daily AND weekly)
Remember This
Do not ignore and always check a weekly time frame.
It shows a unique perspective on the market and reveals a lot of hidden elements that you would not notice.
No matter whether you are a scalper, day trader or swing trader,
remember that weekly time frame structures are very impactful and accumulate large trading volumes.
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XAUUSD Daily Outlook – Premium Pressure & Weak High Trap in Play Hey team!
Hope you’re staying sharp as we close out this NFP week. Here’s your Daily Outlook for XAUUSD — built from clean structure, supply/demand logic, and current price action.
📍 Bias: Neutral → leaning bearish while inside premium rejection zone
🔹 1. 🔍 Daily Structure Overview
Recent CHoCH down after failing to break above the weak high at ~3395.
Price is reacting from premium supply and has now tapped a daily FVG near 3315.
We're in a mid-premium rejection area, with multiple rejections from the 3350–3395 zone.
🔹 2. 📐 Key Daily Zones
Zone Type Price Range Notes
🔼 Premium Supply Trap 3350 – 3395 Weak high, CHoCH zone, FVG, supply OB
🔽 Retracement Demand 3278 – 3262 Clean OB + imbalance zone (FVG)
🔽 Mid-Demand Range 3172 – 3140 Breaker block + daily wick base
🔽 Deep Demand (Discount) 2950 – 3020 Full retracement zone from last BOS
🔹 3. 📊 EMA Context (Daily)
EMA 5/21 cross locked bullish — but starting to curl as momentum slows.
Price is testing EMA21 from above; breakdown below it could invite further retracement.
All EMAs still stacked bullish, but showing early signs of cool-off.
🔹 4. 🔢 Fibonacci Swing
Swing used: 3245 (swing low) → 3395 (current top)
Price is now below 38.2% retracement (~3335)
50% = 3320, 61.8% = 3300 → high confluence in this cluster for potential bounce or breakdown decision.
🔹 5. 📉 RSI Check
RSI diverging slightly from highs → bearish divergence forming
Currently near 58 → leaves room for downside without being oversold
🔹 6. 🌍 Macro Context
NFP Report just released
→ Mixed numbers: NFP weak, unemployment up = mildly bullish gold
CPI incoming – key for inflation outlook and Fed tone
Market uncertain → risk-off flows could favor gold, but rejection from premium likely before CPI clarity
⚔️ Scenarios for June 9 Start
🔽 Bearish Plan (likely early-week setup)
Rejection from 3335–3350 → short trigger zone
TP1 = 3278
TP2 = 3172–3140 (if momentum extends)
🔼 Bullish Continuation
Clean reclaim of 3350 and 3395 breakout → flip into aggressive bullish continuation
Target = 3450–3500 FVG above current ATH
✅ GoldFxMinds Final Note
We’re in the heart of the premium trap — don’t buy blindly into strength. Let price show intent.
⚠️ This week may be a pre-CPI fakeout zone — stay patient, let the structure guide you.
📣 If you’re watching this with us — drop your thoughts in the comments. Are we heading to 3170 first or flipping 3395 clean?
Let’s crush the week,
— GoldFxMinds 💡
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold has once again rejected the 0.618 Fib level & dropped back into the lower bound of the range zone overnight, which is what we like to see.
But overall, we remain within the range so we exercise patience & keep an eye out for any possible alternatives which might happen for Gold. Nice profits for us either way.
Gold: aligning with USDThe price of gold returned to its alignment path with the US Dollar during the previous week. This might be treated as one of the first indications that the tensions and uncertainties among investors are slowly fading. In line with US Dollar mixed weekly moves, so the price of gold has its mixed trading week. The week started around the level of $3.355, but for the rest of time was traded mostly to the downside, ending the week at the level of $3.287. The lowest weekly level was achieved on Thursday, shortly touching the $3.252 level.
The RSI also moved in a mixed manner, mostly between levels of 57 and 52. However, there was no change with MA50 and MA200 lines, which are still moving as two parallel lines with an uptrend. This represents one of the longest streaks of MA lines as parallel lines, where the MA50 became the support line for gold minimums on a daily chart.
For the week ahead charts are showing increased probability for further correction of the price of gold, but only till the level of $3.250. This level was also shortly tested on Thursday, and might be tested for one more time. Just in case that this level is breached further to the downside, then the next support line would be around $3,2K. At this moment, charts are showing decreased probability for such a move. A short term reversal from current levels is also probable, but not above the $3.360. This level would mark another testing of highs reached during the previous week.
Gold back within my Neutral RectangleTechnical analysis: Gold maintains Selling sentiment (remember the cycle I mentioned regarding #14-day symmetry for aggressive takedown / Traders are witnessing it) from yesterday’s session Hourly 4 chart’s first Support break, however the pace has slowed down as Gold is already near #3,288.80 - #3,292.80 well known Support zone due Hourly 4 chart on critically Overbought condition near #3,327.80 local High's. Gold is isolated within Descending Channel formation and if there wasn’t DX on parallel decline, Gold would be significantly Lower under the circumstances. I highlighted that only catalyst which can revive the Price-action and kick-start the relief rally is on Fundamental side. The Hourly 4 chart’s indicators were showcasing that Gold was Overbought and most of my Intra-day pointers were about to make a Bearish roll-over as I believed that I should start preparing ourselves for a slight pullback (Short-term trend stays Bearish though however there will be Bull spikes certainly towards #3,327.80 - #3,332.80 local Resistance zone). Next Resistance is priced at #3,312.80 / break of it might extend the uptrend towards #3,327.80 Resistance in extension. Gold has invalidated solid Ascending Channel on Hourly 4 chart and if you recall, delivered #2 additional Higher High’s (my chart’s explanation that Gold always delivers #3 Lower Low extensions ahead of full scale reversal, so practically I have one more Higher High’s to expect according to the cycle).
My position: My break-out zones are intact as in withih my previous remarks as I will keep operating within #3,288.80 - #3,227.80 Neutral Rectangle as long as it lasts. If #3,288.80 - #3,275.80 gives away, #3,262.80 - #3,268.80 is zone to monitor.
GOLD → Retest support before news...FX:XAUUSD is in a correction phase amid a rising dollar. The price is heading towards the liquidity zone, which may support gold. Markets are awaiting PCE data...
Gold is back in the red: PCE inflation and tariff news will decide everything. On Friday morning, gold fell, retreating from its recent rebound from weekly lows of around $3245. The price is under pressure from the strengthening US dollar, which was supported by court rulings on Trump's tariffs, but the situation around tariffs remains tense on all sides...
The focus is on PCE inflation data. A weaker result could weaken the dollar and support gold. Traders remain cautious in anticipation of volatility.
Support levels: 3282, 3270, 3260
Resistance levels: 3325
A retest of 3282-3270 could end in a false breakdown, but only if the fundamental backdrop is against the dollar, which would only support the price of gold. The price is most likely to be stopped by trend support, but no one can rule out the fundamental factor of surprise...
As a target, during a bullish impulse, it is worth considering intermediate highs...
Best regards, R. Linda!
Gold price recovers above 3300, tariff impact⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) edged higher to around $3,310 during early Asian trading on Monday, buoyed by renewed demand for safe-haven assets amid lingering tariff uncertainty and heightened geopolitical risks.
Investors remain cautious following fresh tensions between the United States and China, after President Donald Trump accused Beijing of breaching the terms of their trade agreement. This has rattled global markets and lent support to the precious metal. Market participants now turn their attention to the upcoming US ISM Manufacturing PMI report for May, scheduled for release later in the day, which could offer further direction for gold.
⭐️Personal comments NOVA:
US raises tariffs on EU steel, a reminder of quickly negotiated deals, gold prices positive above 3300
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3335- 3337 SL 3342
TP1: $3328
TP2: $3315
TP3: $3300
🔥BUY GOLD zone: $3289- $3287 SL $3282
TP1: $3297
TP2: $3308
TP3: $3318
⭐️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
Maintain price increase, NF will help gold price above 3400⭐️GOLDEN INFORMATION:
He stated that U.S. and Chinese negotiators would soon convene at a yet-to-be-determined location, a development that lifted market sentiment and weighed on gold prices as risk appetite strengthened. This shift occurred despite underwhelming U.S. economic data, which further fueled expectations for a Federal Reserve rate cut later this year.
According to the U.S. Bureau of Labor Statistics, signs of labor market weakness emerged as jobless claims rose, signaling a potential cooling in employment conditions. Meanwhile, the U.S. Bureau of Economic Analysis reported a narrower trade deficit in April, largely attributed to a decline in front-loaded imports ahead of anticipated tariffs.
⭐️Personal comments NOVA:
anxiously awaiting NF news today, there is pressure to weaken the dollar, NF figures that investors are worried about continue to be negative for DXY
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3449- 3451 SL 3456
TP1: $3436
TP2: $3420
TP3: $3405
🔥BUY GOLD zone: $3303- $3301 SL $3296
TP1: $3320
TP2: $3330
TP3: $3340
⭐️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
Bulls pressure, gold price grows 3409⭐️GOLDEN INFORMATION:
Gold prices rallied sharply on Monday, reaching their highest level in over four weeks, as geopolitical risks escalated over the Russia-Ukraine conflict. Renewed tensions on trade between the United States (US) and China prompted investors to buy the yellow metal throughout the day. At the time of writing, XAU/USD trades at $3,377, up by 2.70%.
Market sentiment shifted sour as news broke that Ukraine staged an aerial attack on Russia, which destroyed long-range bombers and other aircraft. Meanwhile, US President Donald Trump doubled down on tariffs over steel and aluminum imports to 50%, effective June 4, and rhetoric against China sent US global equities lower.
CNBC reported that Trump and China’s President Xi Jinping could speak this week, but not on Monday.
⭐️Personal comments NOVA:
Gold prices maintained their upward momentum at the beginning of the week, tariff tensions and the war with Russia remain unpredictable. Gold prices supported to return to the 3400 zone.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3409- 3411 SL 3416
TP1: $3400
TP2: $3388
TP3: $3372
🔥BUY GOLD zone: $3313- $3315 SL $3308
TP1: $3327
TP2: $3340
TP3: $3355
⭐️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
XAUUSD: Bouncing off a former Resistance now turned Support.Gold is marginally bullish on its 1D technical outlook (RSI = 56.013, MACD = 32.440, ADX = 32.924) as it made a much needed pullback to test the former LH trendline. This is a Resistance turned Support trendline and as the 4H MA50 holds, we expect the breakout to extend to +7.39% from the bottom. TP = 3,485.
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GOLD surges to hit $3,371 target, continues to aim for $3,400OANDA:XAUUSD rose nearly 3% as US President Trump's tariff threats ratcheted up trade tensions, spurring investor demand for safe-haven assets and sending the dollar sharply lower.
US President Trump said on Friday he would raise tariffs on steel and aluminium imports from the US to 50% from the current 25% starting June 4. This has once again disrupted international trade, Reuters reported.
A European Commission spokesperson expressed deep regret over the US announcement that it would raise tariffs and said the EU was ready to take countermeasures.
Gold prices surged on Monday to a more than four-week high and continued to rise early this morning (Tuesday, June 3) as geopolitical risks from the conflict between Russia and Ukraine escalated as US President Donald Trump continued to threaten tariffs. Trump doubled tariffs on steel and aluminum imports to 50%, effective June 4, adding to jitters in global markets.
Ukraine launched its biggest drone attack since the war against Ukraine on Sunday, targeting a wide swath of Russian air bases on the eve of a second round of direct talks between the two countries. The drones, hidden in trucks, penetrated deep into Russia and hit strategic airfields as far away as eastern Siberia. At the same time, Moscow launched one of its longest drone and missile strikes on Kiev.
In key US data on Monday, the ISM Manufacturing Purchasing Managers’ Index (PMI) for May showed a contraction in business activity. The ISM Manufacturing Purchasing Managers’ Index for May came in at 48.5, down from 48.7 in April, the lowest reading since November.
Investors will also be closely watching comments from Federal Reserve policymakers this week for clues on the path of U.S. interest rates. Gold tends to benefit in low-interest-rate environments and times of geopolitical tension.
Technical Outlook Analysis OANDA:XAUUSD
After reaching the target increase at 3,371 USD, gold temporarily decreased slightly but overall it has enough conditions to continue to increase in price towards the next target at 3,400 USD in the coming time.
In the short term, gold also formed an upward price channel, which is noted by the price channel, describing the short-term technical trend. Meanwhile, in terms of momentum, RSI is operating above 50, still quite far from the overbought area, showing that there is still a lot of room for growth ahead.
For the day, the main outlook for gold is bullish, any pullbacks that fail to break below the confluence of the EMA21 with the 0.382% Fibonacci retracement should be considered only as a short-term correction, or a fresh buying opportunity.
Finally, the short-term bullish trend for gold will be focused again on the following positions.
Support: 3,326 – 3,300 – 3,292 USD
Resistance: 3,371 – 3,400 – 3,435 USD
SELL XAUUSD PRICE 3412 - 3410⚡️
↠↠ Stop Loss 3416
→Take Profit 1 3404
↨
→Take Profit 2 3398
BUY XAUUSD PRICE 3324 - 3326⚡️
↠↠ Stop Loss 3320
→Take Profit 1 3332
↨
→Take Profit 2 3338
XAU/USD) 3 top technical analysis Read The ChaptianSMC trading point update
Technical analysis (XAU/USD) on a 4-hour timeframe, with key elements and potential price scenarios illustrated. Here's a breakdown of the idea behind this analysis:
---
1. Key Levels and Zones
Resistance Zone (~3,320–3,330):
Marked with red arrows indicating multiple rejections.
A crucial supply zone that the price failed to break several times.
Support Zone (~3,280–3,290):
Labeled as “nak support level” (likely means "neckline" support in a possible head-and-shoulders structure or just a key level).
Important for bullish structure continuation.
Lower Target Zone (~3,205):
A demand zone if the support fails.
Labeled as another “target point” indicating a bearish projection.
---
2. Trend Context
The price was in an upward channel (highlighted as "up trend"), which has now been broken.
EMA 200 (~3,251) is acting as a dynamic support.
---
3. Potential Scenarios
Bullish Scenario (Red/Blue Arrows Up):
If the price holds the “nak support level” and breaks back above resistance (~3,320):
A bullish move toward 3,367 and even 3,435 is expected.
The blue arrow shows a projected upside target of ~105 points.
Bearish Scenario (Black Arrow Down):
If the price breaks below the neckline/support and EMA 200:
A drop toward the 3,205 area is anticipated.
Target aligns with previous structure lows and a clean demand zone.
---
4. RSI Indicator (Bottom Panel)
RSI is hovering around neutral (~45–50), offering no strong momentum bias.
Could support either a bounce or a breakdown, depending on upcoming moves.
Mr SMC Trading point
---
Conclusion / Idea Summary
This chart presents a conditional trade setup:
Above 3,320: Long toward 3,367–3,435.
Below 3,280–3,250 (and EMA 200): Short toward 3,205.
The market is currently at a decision point, and traders should wait for confirmation (breakout or breakdown) before entering a trade.
Pales support boost 🚀 analysis follow)
GOLD (XAUUSD): Strong Bullish Pattern
Following my previous analysis, Gold in going up.
Your next signal to buy will be a bullish breakout
of a neckline of an ascending triangle pattern on a 4H time frame.
A 4H candle close above 3392 will confirm a violation.
Next resistances will be 3408 / 3428
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Gold: Easing China Tensions Could Weigh on XAUUSD Prices!!!Hey Traders, in the coming week we are monitoring XAUUSD for a selling opportunity around 3,340 zone, Gold was trading in an uptrend and currently is in a correction phase in which it is approaching the retrace area at 3,340 support and resistance area.
Trade safe, Joe.
Buy or Sell XAUUSD Gold? How the Stock Market Could Decide!🚨 Market Breakdown: Gold (XAUUSD) 🪙📉📊
At the moment, I’m closely monitoring XAUUSD (Gold) 🔍. Before diving in, it's crucial to zoom out and gain a macro perspective 🌍. This means analyzing key support and resistance levels on the weekly and daily timeframes 📅 using price action as our primary guide.
📈 Gold has seen a strong rally — it’s overextended at this point. A deeper pullback could be on the cards. If we get that retracement alongside a bullish break of structure, I’ll be eyeing a potential long setup 🛒.
However, this bias is conditional 🔄. If the stock market pulls back, that could strengthen the case for a gold buy. On the flip side, if equities continue to rally, I’d likely shift toward a bearish stance on gold 🐻.
🎥 Everything is broken down clearly in the video.
❗️Disclaimer: This is not financial advice. The analysis shared is for educational and informational purposes only. Always do your own research and manage your risk accordingly.
GOLD (XAUUSD): Sense of Fear?!
As the Russia-Ukraine peace talks are going today,
Gold shows clear signs of worry.
The market turned bullish after the opening and is currenty
breaking a resistance line of a bullish flag pattern on a daily
that we discussed earlier.
To confirm the violation, we will need a daily candle close above that.
As the results of the talks are still unknown, more moves may occur today.
So the today's close will be very important.
Let's patiently wait.
❤️Please, support my work with like, thank you!❤️
Wave 3 up is coming for goldHi traders,
Last week gold started an impulse wave but after it broke the previous high it made another correction down. So this could be wave 1 and 2 (purple) of wave 3 (blue).
Then next week we could see the next impulse wave 3 (purple) up from the bullish 4H FVG on the left.
Let's see what price does and react.
Trade idea: Wait for a change in orderflow to bullish and an impulse wave up and correction down on a lower timeframe to finish and trade longs again.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Gold Trade plan 02/06/2025Dear Traders.
✅ Breakout Confirmed: Momentum Building Toward New Highs
The strong descending channel has been decisively broken, and the momentum generated from this breakout suggests a real potential to push beyond the all-time high.
📈 Strategy in Play:
We’re looking to enter on corrective pullbacks, riding the momentum with buy setups — and plan to take profit near the upper boundary of the broader channel.
This structure offers both technical confirmation and a clear risk/reward framework.
GOLD Massive Bullish Breakout! Buy!
Hello,Traders!
GOLD is trading in a strong
Uptrend and the price just
Made a massive bullish
Breakout of the falling
Resistance line and the
Breakout is confirmed
So after a potential pullback
We will be expecting a
Further bullish continuation
Buy!
Comment and subscribe to help us grow!
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