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GOLD trade ideas

Positive US-China trade talks cause gold to continue to fall🔔🔔🔔 Gold news: ➡️Gold prices (XAU/USD) faced selling pressure early Monday during the Asian session, dipping toward $3,275 amid a stronger US Dollar. The decline was driven by optimism surrounding US-China trade talks held over the weekend in Geneva, Switzerland. Both countries reported “significant progress” after two days of negotiations aimed at easing trade tensions. Chinese Vice Premier He Lifeng described the discussions with US officials as an “important first step” toward stabilizing bilateral trade relations, while US Treasury Secretary Scott Bessent also confirmed “substantial progress” had been made. Personal opinion: ➡️ Specific actions taken by the world’s two largest economies could potentially reduce the demand for safe-haven assets. However, it can be reaffirmed that the overall ongoing uncertainty surrounding tariffs likely remains the key underlying factor supporting gold. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy Personal Plan: 🔆Price Zone Setup: 👉Buy Gold 3222 - 3225 ❌SL: 3218 | ✅TP: 3229 - 3233 – 3237 👉Sell Gold 3323 - 3326 ❌SL: 3330 | ✅TP: 3319 - 3315 – 3310 FM wishes you a successful trading day!
OANDA:XAUUSDShort
by FM-ForexMastermind
6
XAUUSD Daily Sniper Plan – Monday, May 12, 2025“Structure First. Noise Later. Gold Moves Clean When You Do.” ⚖️🧠 Intraday Bias: Bullish, short-term recovery inside broader pullback Structure: CHoCH confirmed at 3284 → market forming higher low structure 🔍 H1 Market Flow Overview: Price broke structure above 3284–3292, forming a clean CHoCH on H1. Since then, price impulsively pushed toward 3340, pausing around 3314–3318. EMAs (5/21/50) are starting to align bullish, with EMA5 now crossing above 21. Volume compression + wicks suggest potential accumulation in the 3314–3318 zone. 📌 Key H1 Zones (Above & Below Price) 🔺 Resistance Zones Zone Description 3340–3345 Friday’s high + intraday liquidity trap zone 3380–3395 Strong H1/Daily confluence resistance (OB + FVG) 🔻 Support Zones Zone Description 3314–3318 🔵 Micro liquidity pocket + HL accumulation zone – potential inducement/reentry base 3284–3292 🔵 CHoCH base – must hold for bullish structure to continue 3260–3265 🔵 Deep intraday OB + liquidity sweep zone 3220–3235 🔵 Major HTF demand – structural last line of defense 🔁 Scenarios for Monday (May 12): 🟢 Bullish Setup: If price holds above 3314–3318, we may see a reattempt toward 3340, then potentially push into 3380–3395. Retest of 3314 zone could serve as HL confirmation before breakout. 🔴 Bearish Setup: If 3314 fails and price closes below 3284, this invalidates current bullish micro-structure. In that case, we target 3260 or even 3235 depending on momentum. Rejection from 3340 or 3380 without BOS → short toward 3284 or 3250 Clean break below 3284 flips LTF bearish 🎯 Sniper Logic: Gold is trapped in a battle between Friday’s high and the CHoCH base. The true breakout will come once either 3345 is reclaimed clean, or 3284 fails hard. Until then, play inside structure — sniper entries only. 💬 Final Words: Gold doesn’t bluff — but it does bait and trap. Mark your zones, wait for confirmation, and let the impulsive ones get hunted. Gold doesn’t care about your bias — only about the zones that hold. If 3284 stays protected, bulls might reload. If it cracks, fade the optimism and follow the flow down. 🟡 Stay smart. Stay patient. And remember: clean structure = clean profit. ✨ Drop your thoughts in the comments, smash that like, and follow GoldFxMinds for sniper-level clarity every session.
VANTAGE:XAUUSD
by GoldFxMinds
6
GOLD 1H – Trendline Breakout with Retest | Bullish Setup 1H chart of Gold (XAU/USD) shows a clear breakout above the descending trendline, followed by a successful retest of previous resistance as support. The market reacted strongly from the demand zone around 3,125, forming a bullish structure. Key highlights: ✅ Trendline breakout confirmed 🔁 Retest of structure near 3,230 zone 🎯 Bullish target: 3,205 🧠 Anticipated minor consolidation before push upward This setup suggests potential upside momentum. Keep an eye on price action around 3,200–3,205 for reaction or continuation.
TVC:GOLDLong
by Ms_Jackline
3
XAU/USD continues sideways above 3200 zone⭐️GOLDEN INFORMATION: U.S. President Donald Trump stated on Monday that he does not anticipate reinstating the 145% tariffs on Chinese imports following the current 90-day suspension. In a Fox News interview on Wednesday, he emphasized the "excellent" relationship with China, which fueled trade optimism and weighed on safe-haven demand for Gold during the Asian session. Meanwhile, on the geopolitical front, Russia and Ukraine are preparing for their first high-level, in-person negotiations since 2022, scheduled to take place in Istanbul this week. The talks come amid mounting international pressure for Moscow to accept a proposed 30-day ceasefire. Representing the U.S., Secretary of State Marco Rubio, along with special envoys Steve Witkoff and Keith Kellogg, are expected to participate in the discussions. ⭐️Personal comments NOVA: Accumulation price zone, gold price sideways around 3200 - 3270, balance between buyers and sellers ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone : 3282- 3284 SL 3289 TP1: $3270 TP2: $3260 TP3: $3250 🔥BUY GOLD zone: $3167 - $3165 SL $3160 TP1: $3178 TP2: $3189 TP3: $3200 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
4
XAUUSD: The Ultimate Safe Haven Play! FOR THIS WEEK 12/05🏆 XAUUSD (Gold): The Ultimate Safe Haven Play! 📊 Live Market Snapshot (May 12, 2025) - Current Price: $3,275 - Weekly Range: $3,201 - $3,455 - Key Liquidity Zones: - Strong Support: $3,140-$3,145 (Best Buy Zone) - Immediate Resistance: $3,335 (TP1) - All-Time High: $3,500 💎 Why Gold Matters Now 1. Market Uncertainty: Perfect hedge against volatility 2. Technical Setup: Bouncing from weekly low of $3,201 3. Institutional Demand: Central banks accumulating 🎯 Trading Strategy - Entry: $3,240-$3,245 zone - Take Profit Levels: → $3,280 → $3,330 → $3,355 - Risk Management: → Stop Loss: $3,225 ⚠️ Critical Notes 1. Watch USD strength (inverse correlation) 2. Monitor Fed policy decisions 3. Physical demand vs. paper gold flows 🔥 Key Indicators 1. Daily RSI: 52 (neutral) 2. 200-DMA: $3,180 (strong support) 3. Volume Profile: Key node at $3,250 📌 The Golden Opportunity With global tensions rising, gold offers: - Safe haven protection - Inflation hedge - Technical rebound potential --- 📊 DYOR| Not financial advice 🖌️
FX:XAUUSDLong
by ONE1iMPACT
4
XAUUSD BULLISH OR BEARISH DETAILED ANALYSISGold (XAUUSD) is currently trading around the 3170 level after pulling back from its recent highs near 3400. Price action is showing strong signs of bullish resilience as it bounces off a key support zone, suggesting the corrective phase may be nearing completion. The structure on the 2-day chart is shaping up as a healthy retracement within a strong uptrend, and the latest bounce is gaining volume, which indicates renewed buying interest and a potential re-entry point for bulls. From a macroeconomic perspective, ongoing concerns about persistent inflation, global debt levels, and geopolitical tensions continue to support the bullish narrative for gold. With the latest U.S. CPI data showing inflation remaining above the Fed's comfort zone, the likelihood of prolonged higher interest rates remains in play. However, real yields have not kept pace, making gold an attractive hedge in this environment. Central banks worldwide are still aggressively accumulating gold as a reserve diversification strategy, which reinforces the broader demand. Technically, the market is reacting precisely from a demand zone around 3120–3150, where historical resistance turned support. Momentum is building for a continuation of the bullish trend, and a push toward the 3500 level looks increasingly likely if price breaks above the minor resistance around 3250 with conviction. The risk-reward here remains favorable, especially with the clear invalidation level just below the recent lows. As a professional trader, I view this structure as a textbook bullish continuation setup. The strong trend, clean bounce, and increasing volume are aligning for a potential breakout toward 3500. With macro catalysts and technical confirmation supporting the bullish bias, this is a solid opportunity for swing buyers to ride the next leg up in gold.
OANDA:XAUUSDLong
by AndrewsMarket-Mastery
3
Gold at major targets; stall and retrace likelyThis is relatively simple post idea. We have two formation. One is a multi-decade pattern in blue and one is a muti year pattern in orange. Simple fib draws show both have reached full performance. We can also see that the RSI is in the process of setting a lower high. This reenforces my bias that Gold will be having a very serious pause right now. Just how intense remains to be seen. But a retrace to retest the previous cup and handle support as resistance would be a very normal movement for support and resistance traders. that would be a ~40% pull back from here. Very painful for people looking for momentum. Provisionally I am keeping this draw on the GoldSilver ratio. Whether this means Gold will fall faster than silver or gold and silver diverge remains to be seen. It also doesn't help that the news cycle has picked up on the gold move way too late. Of course.
TVC:GOLDLong
by This_Guhy
5
Tariff War Easing Signals: Gold Trend Analysis for Next WeekSince the issue of tariffs broke out, the development of the situation has not been in line with the expectations of the US government. In the face of the escalating trade frictions, the senior officials of the United States have released signals of easing through multiple channels and repeatedly expressed their willingness to hold negotiations with China on issues such as tariffs. After a prudent assessment, China, proceeding from the overall situation of maintaining the stability of bilateral economic and trade relations and promoting the healthy development of the global economy, has decided to engage with the United States. In fact, there are no real winners in the ongoing standoff of the tariff war. As the world's two largest economies, only by reaching a relatively appropriate solution through negotiation can the fundamental interests of both China and the United States be met. This positive development is bound to significantly reduce the market's risk aversion sentiment. As a traditional safe-haven asset, the price of gold will also be under downward pressure accordingly. From the perspective of technical analysis, the weekly chart of gold shows that although there was a strong upward pull at the beginning of this week, the daily chart has formed a "big yang front resistance line" pattern. This classic technical pattern indicates that the bullish momentum is close to exhaustion, and the subsequent downside risks have intensified. It is expected that the price of gold will further decline next week. The first support level should be focused on around $3,270. If this level is broken, the price of gold may continue to decline and seek support at the $3,200 level. Investors need to closely monitor the progress of the China-US negotiations and the dynamics of the gold market and adjust their investment strategies rationally. I am committed to sharing trading signals every day. Among them, real-time signals will be flexibly pushed according to market dynamics. All the signals sent out last week accurately matched the market trends, helping numerous traders achieve substantial profits. Regardless of your previous investment performance, I believe that with the support of my professional strategies and timely signals, I will surely be able to assist you in breaking through investment bottlenecks and achieving new breakthroughs in the trading field.
FOREXCOM:XAUUSD
by H_C_01
4
GOLD - Price can bounce up to $3475 points, exiting from pennantHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A few moments ago price traded inside flat, where it two times broke $3045 levels and then made impulse up. Price exited from flat and continued to grow inside a pennant pattern, where it later reached $3320 level. Then Gold broke this level and rose to resistance line of a pennant, and then made a correction to support level, and then broke it. After this, the price declined to the support line of the pennant, after which it turned around and bounced up. Gold broke $3320 level and rose to resisance line of pennant, but recently it made correction to this level. So, now I expect that price can bounce up from this level to $3475, thereby exiting from pennant pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
9
GOLD (XAU/USD) Bearish Play Setting UpHello guys! Gold is currently respecting a bearish descending channel, forming clean lower highs and lows. After tapping into the supply zone around 3,285–3,295, the price is showing signs of exhaustion. Now, a potential rejection from this zone could trigger another leg down targeting the demand zone around 3,060–3,080. 🧠 What I see: 🔹 Bearish channel = trending lower 🔹 Clean retest of supply block 🔹 Price respecting midline resistance 🔹 Momentum favors sellers 🎯 Bearish Trade Idea (Not financial advice): Entry zone: 3,240–3,260 (on confirmation candle) TP1: 3,110 TP2: 3,072 (demand zone) 📐 Risk/Reward: 1:2+ potential 💡 Watch for confirmation candlesticks near the supply zone for safer entries.
OANDA:XAUUSDShort
by melikatrader94
5
Gold Bounces After Fake Break — More Upside AheadGold ( OANDA:XAUUSD ) fell to the Support zone($3,280-$3,240) as I posted yesterday ( Full Target) . Gold started to rise again after making a Fake Break below the Support lines . Gold is trading above the Resistance zone($3,330-$3,320) . In terms of Elliott Wave theory , it seems that Bitcoin completed the main wave C with the help of the Ending Diagonal . Educational note : The Ending Diagonal in Classic Technical Analysis is the Falling Wedge Pattern . I expect Gold to resume its bullish trend, at least for the short term , and to at least $3,356 . Note: If Gold breaks the Support lines with high volume, we can expect further declines. Note: Worst Stop Loss(SL) = $3,031 Gold Analyze ( XAUUSD ), 15-minute 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.
OANDA:XAUUSDLong
by pejman_zwin
9
GOLD forms a DOUBLE TOP. Support 3200. Trend reversalGOLD is forming support for the double top reversal pattern A break of 3200 will confirm the market's intention to reverse the trend and go downwards. Scenario: There is a lot of important news from the US and Great Britain ahead. If the general fundamental background remains and the dollar continues its bullish trend, then we will be close to a breakdown of 3200. Thus, a break of 3200 and consolidation below the level will be a signal that we are ready to go down.
OANDA:XAUUSDShort
by AndeWave
5
XAUUSD Price Outlook – Bearish Setup in Play ??Asset Overview The chart represents a price action analysis with support and resistance zones, along with EMA indicators (50 and 200), likely on a 4H or 1H timeframe. Key Technical Levels Resistance Zone: ~3,400 to 3,450 First Support Zone: ~3,230 to 3,250 Second Support Zone: ~3,090 to 3,130 Indicators EMA 50 (Red): Currently around 3,340, acting as dynamic resistance. EMA 200 (Blue): Positioned near 3,232, reinforcing the first support zone. Price Action Insight Price had a strong uptrend, peaking above 3,440 before pulling back. A lower high may be forming, suggesting possible trend exhaustion. The current bounce appears to be a retracement back toward resistance or EMA 50. Projected Move (As Illustrated on Chart) Short-term bullish move into the resistance zone (~3,400–3,450). Failure to break above resistance leads to sharp rejection. Price retraces to first support zone (aligned with EMA 200). If support fails, deeper drop expected toward the lower support zone (~3,100). Strategic Notes 📉 Bearish Bias if price fails to break above resistance. 🔍 Watch for bearish candlestick patterns or divergences near resistance. 🛡️ First support aligns with EMA 200, making it a critical level for bulls to defend. 🔻 Breakdown below 3,230 opens room for larger correction to 3,100–3,090. Conclusion Currently, the chart suggests a potential short opportunity if price confirms rejection at resistance. The EMA cross structure remains bullish long-term, but momentum is weakening, and failure to reclaim highs could shift sentiment bearish in the short to mid-term.
OANDA:XAUUSDShort
by MrStellanSight
3
XAUUSD Sniper Zones – May 9 Structure Locked. Zones Refined. Let’s Hunt Clean Entries. Current Price: 3334 Bias: Mixed (HTF Bullish | LTF Bearish Premium Rejection) Flow: In consolidation after sweep & rally — waiting for liquidity shift and clear SMC confirmations. 🔻 SELL ZONES (No entries without confirmation!) 🔴 Zone 1: 3365–3375 📍Confluence: LH + unmitigated OB + FVG inside premium 🔍 Wait for clear M5 CHoCH + bearish BOS before pulling trigger. 🔴 Zone 2: 3410–3422 📍Confluence: FVG + Internal Range Premium Liquidity 🔍 Only short after SMC reversal + candle body rejection in zone. 🔴 Zone 3: 3448–3455 📍Confluence: High timeframe OB + Weekly Supply + Final liquidity trap 🔍 This is the kill-shot sniper zone — wait for aggressive reaction or internal M5 break. 🔹 BUY ZONES (No buys unless structure shifts clean!) 🟢 Zone 1: 3306–3314 📍Confluence: Last BOS + bullish breaker block + EQ area 🔍 Look for M5 BOS + retest confirmation. 🟢 Zone 2: 3264–3274 📍Confluence: Untapped demand + internal liquidity sweep 🔍 Watch for aggressive rejection wick + bullish CHoCH confirmation. 🟢 Zone 3: 3225–3235 📍Confluence: Strong LTF OB + higher timeframe discount zone 🔍 High RISK/High REWARD sniper swing area. Wait for clear LTF BOS + strong bounce. ⚔️ Key Zones Above Price: 🔹 3365 (minor premium flip) 🔹 3410–3422 (major supply/FVG) 🔹 3448–3455 (HTF kill zone) 🛡️ Key Zones Below Price: 🔹 3306–3314 (LTF OB + structure demand) 🔹 3264–3274 (liquidity pocket) 🔹 3225–3235 (HTF reentry demand) 🧠 Final Note: This isn’t for gamblers. You don’t "predict" Gold — you react to liquidity, imbalance, and SMC shifts. These sniper zones are valid only with confirmation. No CHoCH/BOS = no entry. Full stop. ✨ We’re building something smarter than just signals — it’s a sniper mindset. If this helped your vision, show some love below. 💬 Drop a comment, leave a like, and follow for more clean logic and zero fluff. 🔐 Let’s trade like pros! With you in the flow, GoldFxMinds (GoldMindsFX) 💛
OANDA:XAUUSD
by GoldFxMinds
6
Stop Watching Your Trades All Day!How to Break Free from Screen Addiction and Become a More Focused, Profitable Trader Have you ever found yourself glued to your screens, watching every tick of the market, feeling your stress levels spike with every price fluctuation? If so, you’re not alone. Most traders, at some point, fall into this trap. It feels productive, even necessary, to monitor your trades constantly. But the reality is that it’s one of the most damaging habits you can develop. In this article, I’ll show you why this behavior is hurting your trading results and how to break free from it, so you can trade smarter, stress less, and live more. ________________________________________ ⚠️ The Cortisol Trap – Why Watching Every Tick is a Psychological Minefield Every time you check the market and see a fluctuation in your trades, your body releases cortisol, the primary stress hormone. While cortisol is useful in fight-or-flight situations (like dodging a car on the street), it’s terrible for trading. Here’s why: • Cortisol reduces rational thinking – It pushes your brain into reactive mode, not analytical mode. • It triggers impulsivity – You become more likely to close winning trades too early or move your stop loss in desperation. • It burns your mental energy – Leaving you drained, unfocused, and emotionally volatile. Simply put: Too much screen time = too much cortisol = bad trading decisions. If you want to win consistently, you need to break this cycle. ________________________________________ 🎯 Distraction from Higher Priorities – Why Trading Should Be a Part of Life, Not All of It Trading is meant to give you freedom — not steal it. Yet, too many traders become slaves to the screen, obsessing over every tick. But here’s the truth: You don’t need to be in front of your screen all day to be a great trader. In fact, doing so can rob you of the mental clarity and emotional balance needed for high-quality trading. When you step away from the charts: • You give your strategic mind time to work, • You focus on other important aspects of life — family, health, personal growth, • You develop a longer-term perspective on the market, which is crucial for real success. Balance is the key to sustainable success, both in trading and in life. ________________________________________ ✅ 3 Benefits of Breaking Free from Screen Addiction ✅ Benefit #1: Better Decision-Making When you stop reacting to every tick: • You make calmer, more rational trading decisions, • You avoid low-probability setups and revenge trading, • You focus on quality over quantity. Instead of jumping on every tiny move, you become a strategic sniper in the market, waiting for high-probability setups. ________________________________________ 🧘 Benefit #2: Improved Quality of Life Life is not just about trading. Reducing screen time frees you up for other meaningful activities: • Exercise, • Hobbies, • Time with family and friends. A well-rounded life supports better mental health, which, in turn, improves your trading performance. Remember, a clear mind is a profitable mind. ________________________________________ ⏱️ Benefit #3: Increased Productivity Believe it or not, less screen time = more productivity. Why? Because you’ll: • Spend less time reacting and more time preparing, • Conserve your mental energy for important decisions, • Create time for deep market analysis instead of random impulse trades. This disciplined approach leads to better trading outcomes over time. ________________________________________ 🔔 How to Trade with Less Screen Time – 3 Practical Step s 🔔 Action #1: Use Alerts Wisely Instead of staring at charts all day, let technology work for you: • Set alerts at key price levels, • Use trading apps to get notifications when your levels are hit, • Let the market come to you — not the other way around. Example: If you want to buy Gold at 3200 support, set an alert and go for a walk. You’ll be notified when price approaches, so you can act, not react. ________________________________________ 📅 Action #2: Create a Balanced Schedule Build a daily routine that includes more than just trading: • Morning exercise, • Reading or journaling, • Spending time with loved ones, • Working on long-term goals. When you’re mentally balanced, you’ll trade better and more profitably. ________________________________________ 📊 Action #3: Review Your Trading Plan Regularly Spend time reviewing your trades instead of watching them: • Look at your journal, • Analyze your stats, • Identify mistakes and strengths. This should only take once a week — and it’s far more valuable than hours of pointless screen time. ________________________________________ 🧠 Final Words As the saying goes: “Sometimes, less is more.” Stop watching your trades all day. Lower your stress, regain your focus, and remember why you started trading in the first place — to build wealth and live freely, not to become a slave to the screen. Trade well. Build wealth. Live fully. 🚀 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
FX:XAUUSDEducation
by Mihai_Iacob
CPI - inflation assessment, gold accumulation⭐️GOLDEN INFORMATION: Swap markets have now fully priced in a 25 basis point rate cut by the Federal Reserve in September, with expectations for two additional reductions by year-end. This marks a slight shift from last week, when traders had anticipated the first cut as early as July and a total of three rate cuts in 2025. On the geopolitical front, Indian Prime Minister Narendra Modi stated on Monday that military operations against Pakistan are merely on hold, warning that future actions will depend on Islamabad’s conduct. Meanwhile, Ukrainian President Volodymyr Zelensky expressed willingness to meet Russian President Vladimir Putin later this week, following US President Donald Trump's call for him to "immediately" accept a peace summit invitation in Turkey. Heightened geopolitical risks from these developments could fuel demand for safe-haven assets like gold, reinforcing the metal’s appeal amid ongoing global uncertainty. ⭐️Personal comments NOVA: CPI assesses the level of inflation in the US economy, gold prices continue to strive to maintain the price range around 3200 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone : 3281- 3283 SL 3288 TP1: $3270 TP2: $3260 TP3: $3250 🔥BUY GOLD zone: $3176 - $3174 SL $3169 TP1: $3185 TP2: $3198 TP3: $3210 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
4
Gold's Bearish Momentum Builds from PRZ-Short SetupGold ( OANDA:XAUUSD ) started to decline exactly from PRZ (previous idea) as I expected in my previous idea . And with the loss of the Support zone($3,387-$3,357) we can expect further decline. Gold is currently moving near the Resistance zone($3,387-$3,357 ) and the Potential Reversal Zone(PRZ) . From the Elliott Wave theory , Gold appears to have completed a five-wave impuls e and we should expect corrective waves . Since the momentum of the second decline that broke the Support zone($3,387-$3,357) is high , the correction is expected to continue and Gold appears to be completing a pullback . --------------------------------------------- The US Unemployment Claims Index was also released a few minutes ago, and let's take a look and examine the possible impact on Gold . This better-than-expected data confirms a stronger U.S. labor market , reducing the urgency for the Fed to cut rates anytime soon . Impact on Gold : A resilient job market supports the hawkish stance of the Fed , which could keep downward pressure on Gold in the short term as yields and the dollar remain firm. However, traders should remain cautious and watch for upcoming data and Fed commentary, which could shift the tone. --------------------------------------------- I expect Gold to start falling from Potential Reversal Zone(PRZ) to the targets I have indicated on the chart. The first target could be around $3,319 . Note: If Gold touches $3,401(the worst Stop Loss(SL)), we can expect the resistance lines to break and gold to rise further. 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.
OANDA:XAUUSDShort
by pejman_zwin
21