XAUUSD LONGBased on fundamental factors, gold pushing higher makes sense and technicals seem to be showing we could be at a potential spring (Wyckoff)
GOLD trade ideas
XAUUSD COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials reduced their longs exposure by more then 50K. Its seem to me like the momentum is slowing down and pullback will be healthy here
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
Gold can break support level and continue to declineHello traders, I want share with you my opinion about Gold. For a while, Gold was confidently moving within an upward channel, with each impulse supported by rebounds from the lower boundary. After breaking out of the buyer zone, the price made a strong bullish move, supported by momentum and healthy corrections. This movement continued up to the current support level at 3285, where the price began to stall. Then, a classic Head and Shoulders pattern has now fully formed. The left shoulder, head, and right shoulder are all visible and aligned with the support area, which now acts as the neckline of the pattern. This isn't random, it's a well-defined reversal signal forming after an extended bullish leg. The rejection from the right shoulder shows evident seller control, and the price is now testing the neckline from below. The support area has already been broken once, and any bounce from here appears corrective rather than impulsive. Given this setup, I expect that price can fully breakdown toward the 3060 level, which acts as both a strong historical support and my TP1. Please share this idea with your friends and click Boost 🚀
HelenP. I Gold will continue to decline, breaking support levelHi folks today I'm prepared for you Gold analytics. After an extended bullish phase that pushed the price higher within an upward channel, the market has started to show signs of weakness. Initially, gold moved steadily from the lower support zone, climbing through the channel and forming higher highs. Each pullback was supported by the rising trend line, reinforcing the bullish sentiment throughout the move. However, after reaching the peak near 3570, the price sharply reversed, breaking the trend line and shifting the overall structure. Sellers took control, leading to a breakdown below the channel, and now the price is consolidating near the 3260 - 3285 support zone. Recently, Gold tested the trend line from below but failed to reclaim it, which signals strong resistance overhead. Currently, gold is trading around 3319, just above the lower boundary of the broken channel and inside the support zone. I expect a small upward correction, breaking the trend line, and then followed by a continuation of the downward movement. So that's why I set goal is 3200 points. If you like my analytics you may support me with your like/comment ❤️
Gold Trade plan 29/04/2025Dear Traders,
Gold is still ranging within a triangle pattern. I believe that, considering the dollar index is at a bottom and there’s a potential for a 300-pip rise, gold may come under selling pressure. That said, as long as the price remains inside the triangle, it’s better to stay on the sidelines and wait to see which side the triangle breaks. If there’s an upward breakout, I consider the 3380–3400 area a suitable zone for selling.
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 is about to make an upward breakthrough!- Descending Triangle as an corrective pattern in Short Time Frame
- Break of Structure
- S / R Level
- Change of Characteristics
- Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Gold prices fall under double top pressureGold closed above 3313 yesterday, and reached 3353 at the end of the trading day. Today, the gold price fell back. Currently, the gold price is under the double top pressure of 3370 above and under the multi-bottom support of 3260 below. The market outlook mainly focuses on the shock adjustment in this range. The middle track of the Bollinger band at the hourly level is around 3322, which can be used as a watershed of strength and weakness. After the gold price falls below the middle track of the Bollinger band today, it is likely to go to the lower track of the Bollinger band, and it is more likely to test the shock bottom of 3260.
Bull market ends gold's declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago, the price traded inside a little flat, where it declined to the bottom part and then started to grow.
In a short time, it reached the $2955 level, broke it and started to trades inside a big flat, exiting from a small range.
After this movement, the price reached the top part of the flat and then corrected, after which it entered to pennant.
In the pennant pattern, Gold exited from a flat and rose to the resistance line from the support line, breaking the $3205 level.
Also recently, price made a correction, but then it turned around and bounced up, thereby exiting from pennant.
Now, I think that Gold can rise a little and then start to decline to $3205 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
I know many people's accounts have been burned or are about to be burned due to the rapid decline and rise of gold. If you are a novice or you need some advice, you can contact me and I will give you free advice.
XAU/USD Elliott Wave Count: Preparing for Final ImpulseXAU/USD appears to be in a textbook 5-wave impulsive structure on the 4H chart, with the market now completing Wave 4 as a classic ABC corrective flat/pennant.
The impulsive move from the Wave 2 low has formed clear internal substructures, with Wave 3 exhibiting extended price action, consistent with Elliott Wave guidelines.
Currently, price is consolidating in a contracting pattern labeled Wave 4 (A-B-C), which looks to be near completion. Based on wave symmetry and Fibonacci projections, a strong upside move is anticipated once Wave 4 concludes, leading into the final Wave 5 rally.
Entry Zone: 3286.875
Target: 3367.440– 3410.210
Stop Loss: Below 3260.190.
Gold rangingTechnical analysis: Gold naturally found Buyers as Buying pressure is evident on the charts from DX on Selling sequence and #3,262.80 Support preserved. It is important to note that #3,352.80 benchmark represents next Resistance zone, which was near Weekly (#1W) High’s as Price-action could find strong rejection there (as it did throughout Asian session) and deny the Buying response in extension. If broken, Price-action will be calling for #3,362.80 - #3,372.80 Resistance extension which may represent the local Top's for now and for current fractal. I will engage my orders accordingly and wait for suitable entry even though I have closed my Selling order on #3,288.80 ahead of the final push above the Resistance. However, Gold re-tested and was again rejected on the Hourly 4 chart’s Support keeping the Bullish bias alive. The Engulfing candle Bearish reversal candle on Hourly 1 chart succeeded at rejecting the Price-action and catching already the #32% Fibonacci level. I expect the last Daily chart’s candle to test again the #3,252.80 former Resistance now turned to Support when DX finds the Support zone and engages relief rally.
My position: I am currently Trading with caution as Fundamental side can deliver aggressive side Swing anytime, however I am taking excellent Scalp orders since Price-action is delivering optimal configuration to do so.
GOLD Free Signal! Sell!
Hello,Traders!
GOLD went up from the
Support just as I predicted
But is now retesting a local
Horizontal resistance structure
So we can go short with the
Take Profit of 3320$ and
The Stop Loss of 3374$
Using small lot size is
Highly recommended
As it is a risky setup
Sell!
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Gold’s short trend intensifies! Main empty follow up.📌Fundamentals:
📊Technical aspects:
Gold, the price of this round has fallen from the historical high of 3500. After the first round of selling to 3260, it rebounded and repaired 3370; it rebounded to 3358 during the week and then weakened again. The Asian market opened with a rapid sell-off below 3260 and is now trading around 3234; the short position in each cycle is good, and the pre-non-agricultural market continues to be bearish. The target is adjusted to the parallel attack and defense range of 3193-3168.
Short-term resistance 3235-3240, strong resistance 3246-3250, 3260 is not expected to arrive; short-term support 3220, strong support 3210-3194.
🎯Practical strategy:
Recommendation to short on rebound: short around 3240-3250, target 3220-3200.
Gold price decreased at the beginning of the week⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) edged lower toward $3,310 during the early Asian session on Monday, retreating from last week's record highs amid growing signs of easing global trade tensions.
US Agriculture Secretary Brooke Rollins revealed on Sunday that the Trump administration is engaged in daily discussions with China regarding tariffs, according to Reuters. Rollins also emphasized that agreements with several other countries were “very close” to being finalized.
"Headlines hinting at possible partial exemptions from retaliatory tariffs further lifted market sentiment and contributed to gold slipping below the $3,300 mark," noted Yuxuan Tang, strategist at JPMorgan Private Bank.
⭐️Personal comments NOVA:
At the beginning of the week, gold prices were mainly sideways, without much news impact, trading around 3300 and gradually decreasing.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3368- 3370 SL 3375
TP1: $3360
TP2: $3350
TP3: $3340
🔥BUY GOLD zone: $3212 - $3214 SL $3207
TP1: $3225
TP2: $3240
TP3: $3255
⭐️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
Non-agricultural prospective data analysis Operation suggestions📌Fundamentals:
📊Technical aspects:
Technically, spot gold is in a downward trend in the short term, and there is a certain rebound or shock at the key support level. At the 4-hour level, the gold price is running above the lower track of the Bollinger Band, and the opening shows signs of contraction. The MACD indicator dead cross is gradually closing, and the RSI indicator is running in the 35-45 range, showing that the long and short forces are relatively balanced.
🎯Practical strategy:
3260-3270 light position short, target 3225-3200. When it reaches 3225-3200 and stabilizes, try to go long, target 3250-3270.
Short XAUUSD from the key level 3500The 3500 selling zone is the key level, the price is in an uptrend, but there are signs of profit taking, adjustment, selling to the 3260 zone is the imbalance zone.
Key intervals and trend judgmentKey range and trend judgment:
The current gold price is in a narrow range of 3300-3305 support zone and 3325-3330 pressure zone. Technical analysis:
1. Support logic:
- 3300 is an integer psychological barrier, which coincides with the MA60 moving average (dynamic support) of the 1-hour chart;
- After hitting the bottom of 3300 several times recently, it rebounded and formed a short-term bottom structure.
2. Pressure logic:
- 3330 is the upper rail resistance of the Bollinger band on the 4-hour chart, and it is the previous high-intensive trading area;
- The top divergence signal appears at the MACD daily level, suppressing the upward space.
3. Volume characteristics: Shrinking volume oscillation, need to wait for breakthrough and large volume to confirm the direction.
Trading strategy and operation plan
1. Buy low and sell high within the range (short-term)
Long position strategy:
Entry point: 3300-3305 range (price retracement does not break, and 1-hour chart RSI <30), try long with a light position. Take profit target: 3315 (first target), 3325 (second target) Stop loss 3292 (break through the previous low support).
Short position strategy:
Entry point: 3325-3330 range (price touches pressure and falls back, 15-minute chart MACD dead cross), try short with a light position, take profit target: 3310 (first target), 3300 (second target); Stop loss: 3338 (break through the previous high pressure).
2. Follow the trend after the breakthrough (trend following) Upward breakthrough (stabilizing 3330): Pursue long signal: the price breaks through 3330 with large volume and then falls back without breaking, the target is 3350-3360 (previous high of the daily line);
Stop loss: 3320 (below the breakthrough point).
Downward break (falling below 3300): Pursue short signal: the price falls below 3300 and the pullback confirmation is invalid, the target is 3280-3260 (weekly MA20 support); Stop loss: 3310 (above the break point).
Pattern interpretation:
- The 4-hour chart converges in a symmetrical triangle, and the theoretical target after the breakthrough is the height of the triangle ; If it breaks upward, the target is 3350; if it breaks downward, the target is 3270.
Volume coordination: When breaking through, the trading volume needs to be enlarged by more than 20%, otherwise be alert to false breakthroughs.
Gold is in the stage of oscillating and choosing direction in the short term, and the strategy is mainly to sell high and buy low within the range + follow the breakthrough.
Gold Price Analysis May 5The D candle cluster appears with the sellers still dominating. 3270 is still playing a key role in reversing the trend.
The h1 structure is creating a false break in the 70 zone and wants to continue falling in the corrective downtrend. Pay attention to the 3263 break zone in the European session, when breaking this zone, Gold will form an uptrend and the possibility of breaking the 3270 zone is very high. 3285 will be the next reaction zone when breaking 3270, then the Down wave of Gold will be broken. Gold can reach 3303 when there are retests to the support zones.
In the opposite direction, Gold does not break 3262 and continues to fall, it will be favorable for the downtrend and the possibility of forming a double top pattern and falling sharply is also quite high. The Trendline zone 3243 is considered an important support zone in the near future for the Gold price decline. Next, pay attention to the reaction zone of the daily support around 3225.
3236 becomes the dividing line between long and shortGold 3243 is the watershed between long and short positions. As long as this point is not broken, shorting at highs is still the main theme. You can continue to arrange short positions based on the suppression of 3236. The 3195-3190 area below is an important support. If the market retreats to this area, you can consider going long based on the actual situation and seize the opportunity of long-short conversion.
GOLD: $3,000 | Key Levels for LONG & SHORT entriesparabolic in progress with intense upward correction
smart money waits
active players churn
late comers increase leverage
Fundamentals 6 months late
MOMENTUM in play
Gold is still on a volatile downward trendGold continues to fluctuate in the 1-hour chart, and the amplitude of fluctuations is beginning to narrow, which indicates that a change is getting closer. As for gold's current fluctuations, it is still in a downward trend.
Trading idea: short gold near 3318, stop loss 3330, target 3300
xauusdWhat do you think of this idea? What is your opinion? Share it in the comments📄🖌
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