downtrend below 3300 , after ADP-NF⭐️GOLDEN INFORMATION:
The Federal Reserve’s policy statement noted that economic activity has slowed in the first half of the year, although the unemployment rate remains low and inflation is still “somewhat elevated.” The Fed reaffirmed its commitment to achieving maximum employment and returning inflation to its 2% target, while also acknowledging that “uncertainty around the economic outlook remains elevated.”
Earlier data showed that U.S. GDP grew in the second quarter, but underlying details painted a softer picture. Consumer spending cooled, and business investment declined significantly. According to Reuters, most economists now forecast full-year GDP growth at 1.5%, below the Fed’s 1.8% projection.
⭐️Personal comments NOVA:
Gold prices reacted negatively as the FED kept interest rates unchanged and Chairman POWELL's hawkish stance. Selling pressure below 3300 is being maintained.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3360- 3362 SL 3367
TP1: $3350
TP2: $3340
TP3: $3330
🔥BUY GOLD zone: $3249-$3247 SL $3242
TP1: $3258
TP2: $3270
TP3: $3285
⭐️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
GOLD trade ideas
GOLD Falls Back Toward the $3,300 ZoneOver the past four trading sessions, gold has depreciated more than 3.5%, showing a renewed and steady bearish bias around this major safe-haven asset in the short term. Selling pressure has remained strong recently, as confidence in financial markets has gradually improved. Investors have responded positively to the latest trade agreement developments, which have temporarily reduced concerns surrounding the trade war. As a result, demand for safe-haven assets has declined, directly impacting gold, one of the most important hedging instruments currently in the market.
Sideways Range Remains Active
Since late April, gold has been unable to establish a clear directional bias, and has remained trapped within a sideways range, with resistance around $3,400 per ounce and support at $3,300 per ounce. So far, price action has not been strong enough to break out of this structure. However, gold is now testing important support levels, where sellers could begin to face stronger barriers as the price attempts to break through the bottom of the established range.
RSI: The RSI line has consistently crossed below the neutral 50 level, indicating that selling momentum is becoming more dominant. If this trend continues in the short term, it could reinforce the presence of bearish pressure in upcoming sessions.
MACD: The MACD histogram has started to move below the zero line, suggesting that the momentum of the moving averages has shifted firmly to the downside. This reflects a strong bearish tone, and if this continues, selling pressure could become more relevant in the short term.
Key Levels:
$3,400 per ounce – Major Resistance: This level marks the recent all-time high for gold. If buying momentum pushes the price back above this zone, it could trigger a renewed bullish bias and set the stage for a sustained upward trend in the sessions ahead.
$3,300 – Current Barrier: This level defines the lower bound of the short-term channel. A break below this support could confirm a dominant bearish bias, potentially lasting for several trading sessions.
$3,200 – Final Support: This marks the lowest price level reached by gold in recent months and lies below the 100-period simple moving average. If the price drops to this zone, it could trigger the start of a new short-term downtrend on the chart.
Written by Julian Pineda, CFA – Market Analyst
GOLD Local Short! Sell!
Hello,Traders!
GOLD made a retest
Of the horizontal resistance
Of 3313$ and we are already
Seeing a bearish reaction and
We will be expecting a further
Bearish move down
Sell!
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Gold Struggles at Resistance – Indicates Lower Lows AheadGold has been in a clear downtrend after facing a strong rejection around the 3,438 level (main resistance zone). Price is currently moving within a descending channel, confirming the formation of lower highs and lower lows – a classic bearish market structure.
Currently, Gold is trading near 3,306, facing resistance at 3,339 (marked as a possible lower high). If price fails to break above this level and sustain, there is a strong probability of continuation towards 3,249 and even 3,216.
Key Technical Highlights
- Immediate Resistance: 3,339 – 3,353
- Support Levels: 3,301 (short-term), 3,249, and 3,216
A rejection near 3,339 can lead to another leg down targeting 3,249 and 3,216. However, a strong breakout above 3,339–3,353 could temporarily shift momentum towards 3,394.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Will Gold Break Higher or Resume the Downtrend?Gold has been trading within a defined rising channel pattern, forming a short-term consolidation phase after a significant bearish leg. The current setup presents a critical inflection zone where Gold (XAUUSD) could either break out above the resistance trendline and major resistance zones or retrace and resume the prior downtrend.
Traders and investors should pay close attention to the price behavior around these key levels for possible high-probability trading opportunities.
📊 Technical Breakdown
1. Rising Channel Pattern
Gold has been bouncing between a support trend line and a resistance trend line, forming a rising channel. This indicates a controlled upward movement or short-term relief within a broader downtrend.
Support Trendline: Has been respected multiple times and offers a key reference point for bullish continuation.
Resistance Trendline: Acting as a cap on the short-term rallies.
This pattern represents a state of consolidation and indecision, often preceding a strong breakout in either direction.
2. Major Resistance Zone Ahead
The region around $3,345–$3,355 is stacked with:
Previous supply zones.
Confluence of the channel resistance and historical price rejection.
Psychological level near $3,350.
This zone is the make-or-break point for bulls. A successful breakout above this resistance could open the doors for a strong bullish continuation targeting levels such as:
$3,370
$3,390
$3,400+
But without a convincing close above this zone, bullish attempts may get rejected, resulting in a pullback or even breakdown.
3. Immediate Support Zone
On the downside, $3,320–$3,325 is a key short-term support level:
Aligned with the lower boundary of the channel.
Previous breakout retest zone.
Demand area observed in past bounces.
If this zone fails to hold, Gold could witness a strong decline, with potential targets at:
$3,310
$3,290
$3,275
🧠 Two Scenarios for Traders
✅ Bullish Breakout Scenario:
Trigger: Price breaks above $3,355 and sustains.
Retest Opportunity: If price comes back to test the breakout zone with a bullish engulfing candle or pin bar, it can serve as confirmation.
Target Zones: $3,370 / $3,390 / $3,400+
Stop Loss: Below the breakout point or recent higher low inside the channel (~$3,320)
❌ Bearish Breakdown Scenario:
Trigger: Breakdown of the support trendline and close below $3,320.
Confirmation: A bearish retest or continuation candle adds strength to the setup.
Target Zones: $3,310 / $3,290 / $3,275
Stop Loss: Above $3,335 (recent high)
📝 Final Thoughts
The XAUUSD 1H chart is setting up for a volatile move as price action coils between strong support and resistance. The rising channel within the larger downtrend makes this an ideal setup for both breakout traders and trend followers.
For bullish traders, the best entry lies above the resistance trendline, ideally after a retest. For bearish traders, a breakdown below the support line confirms downside momentum continuation.
In either direction, a clear break from this consolidation channel is likely to deliver a fast, directional move. Patience is key—wait for a clean breakout or breakdown before entering large positions.
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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.
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Gold Trade plan 30/07/2025Dear Traders,
This chart represents the XAU/USD (Gold / U.S. Dollar) pair on a 4-hour timeframe. The market is showing a series of Fibonacci retracements and key levels, with potential price action zones marked for future movements.
Key Levels:
Resistance Zones: At 3,422.105 (near the green line), followed by the 3,386.171 level (Fibonacci 0.618).
Support Zones: Major support is visible near 3,282.131 (bottom of the chart), with additional minor support levels at 3,305.000 and 3,293.000.
Mid-range Support: Around 3,369.987.
Potential Price Action:
The price recently dropped from higher levels, breaking below the previous support levels. The market seems to be testing lower support zones.
A potential move down towards 3,284.116 or 3,282.131 is likely if the current support levels do not hold.
Conversely, if price action holds the current support zone (3,329.040), a retest of the higher resistance at 3,350.163 could occur.
Fibonacci Levels:
Retracement Levels: The Fibonacci retracement is drawn with key levels, particularly around 3,372-3,378 and 3,349-3,357, acting as strong support or resistance.
Extensions: There is potential for the price to move towards the 3,420 region if resistance levels break.
Strategy Suggestion:
Short Position: Targeting lower levels near 3,282.131 or 3,284.116.
Long Position: If price holds above 3,329.040, target resistance at 3,350.163 and beyond.
Regards,
Alireza!
GOLD Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for GOLD below:
The instrument tests an important psychological level 3309.2
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 3296.9
Recommended Stop Loss - 3316.4
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GOLD Will Go Higher From Support! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,311.57.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,369.04 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
Gold Technical Outlook
Gold is currently consolidating inside a triangle pattern. After a recent bullish rally, price retraced between the 61.8% – 76.4% Fibonacci levels, finding support and bouncing upward. At present, gold is facing resistance at both the falling trendline and the 3298–3300 zone.
Bullish Scenario:
A breakout above the resistance trendline and the 3298–3300 zone could trigger a strong bullish move toward 3311, 3322, and 3333. A sustained break above 3333 would confirm a short-term bullish trend, opening the way for higher targets at 3360 and 3400.
Bearish Scenario:
If price faces rejection from the 3300 resistance and the falling trendline, gold is expected to move lower, retesting 3270. A decisive break below 3270 may extend the decline toward 3250. If 3250 is broken, gold could enter strong bearish momentum, potentially shifting the long-term trend to the downside with targets at 3000 and 2850.
OANDA:XAUUSD Gold Technical Outlook
Technical Analysis - Gold (XAU/USD) - 4H ChartI’ve dissected the market using Elliott Wave theory and uncovered key signals that most overlook. Here's my breakdown:
## 📌 **Setup Overview*
I'm tracking a complex wave structure that hints at the final stage of a corrective pattern, setting the stage for a potential bullish rebound.
## 🎯 **Entry Strategy**
I’ve identified a prime buy zone around **3,350USD**—just above current market levels. This isn’t just a number—it's where price action and wave theory converge. High-probability setup with a tight stop. Above 3,380
## 🧭 **Projected Move**
While I’m eyeing short-term upside, the larger wave pattern suggests the potential for a deeper correction targeting the **3120.000 USD** area. I’m preparing for both scenarios to stay ahead of market sentiment.
---
Gold Analysis and Trading Strategy | July 28
✅ Fundamental Analysis:
🔹 The United States and the European Union have reached a significant trade agreement, setting a unified tariff rate at 15% (previously threatened at 30%). The EU has also pledged to invest an additional $600 billion in the U.S. and to purchase $750 billion worth of American energy and military equipment.
🔹 This agreement has significantly eased trade tensions between the U.S. and EU, boosting market risk appetite and sending U.S. stock markets to new record highs. As a result, capital has shifted away from safe-haven assets like gold, causing gold prices to drop to the $3320 level during the Asian session.
✅ Technical Analysis:
🔸 4-Hour Chart:
Since retreating from the 3438.77 high, gold has formed a clear descending channel. While the current candlestick shows some signs of stabilization near the lower Bollinger Band, the rebound has been weak and has yet to touch the middle band, suggesting the downtrend remains intact.
Moving averages are in a bearish alignment, with the MA5 crossing below the MA10, and price continues to trade below both—indicating ongoing bearish control.
If the price fails to reclaim the MA10 level around 3347, the structure will likely remain bearish, with further downside potential targeting the 3316 and 3309 support levels.
On the upside, the 3365–3380 zone represents key resistance. For the bulls to gain meaningful control, the price must break and hold above this area.
🔸 1-Hour Chart:
The overall trend remains bearish within a weak consolidation phase, with price hovering near the lower Bollinger Band.
Despite several attempts to rebound, gold has repeatedly failed to break above the 3350 level, which now acts as a key resistance line.
The Bollinger Bands have begun to flatten slightly, and if the price cannot hold above the 3345–3350 area, the risk of a renewed drop remains. Focus on the 3320–3317 support zone in the near term.
Overall, recent rebounds appear to be corrective in nature, and the 1-hour bearish structure remains unchanged.
🔴 Resistance Levels: 3345–3350 / 3365–3370
🟢 Support Levels: 3330–3325 / 3316–3309
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3350-3355 area. Target: 3330-3310;If support breaks, the move may extend to 3280.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3333-3338 area. Target: 3345-3355;If resistance breaks, the move may extend to 3365.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
Is the uptrend complete? Will there be a pullback?On the last trading day of this week, gold prices soared, rising nearly $56, driven by the non-farm payroll data. The rally began at 3300 and peaked near 3356. The price has now retreated slightly, fluctuating around 3345.
The current uptrend has repeatedly tested the resistance level near 3355 but has failed to break through. The RSI indicator hovered around 76.8, indicating a gradual flattening of the upward trend. The 3355 high is likely the end of this uptrend.
As this is the last day of a major data week, Quaid believes the current uptrend is complete. Consider a light short position around 3350-3355. The current low has yet to be confirmed, and the pullback is likely to end around 3335.
However, we cannot rule out the possibility that the price will remain within the upward channel with slight fluctuations on the last trading day of the week.