Gold: Market analysis and strategy on July 11Gold technical analysis
Daily chart resistance: 3375, support: 3285
Four-hour chart resistance: 3360, support: 3310
One-hour chart resistance: 3345, support: 3324.
For the current market trend, pay attention to the resistance of 3340-3345 on the upper side during the day. This is the high point concentration area that has suppressed the upward trend of gold prices many times in the early stage. If it is treated as a volatile market, sell at highs in the 3340~3345 range. If it breaks through 3345, it may trigger stop-loss buying and continue to rise to the 3355~3360 area.
The key support below is still at 3310, but from the 1-hour chart, the trend is rising in steps, and the short-term support is around 3324. Buy back here. After the Asian market was blocked near the previous high of 3345, it entered a short-term correction, and the long and short saws. It is suitable for fast in and out, and follow up and buy after breaking through 3345.
Buy: 3324near
Buy: 3310near
Buy: 3345near
Sell: 3344near
GOLDCFD trade ideas
Waiting for the Perfect Entry: XAUUSD Market Structure Breakdown🔍 Taking a look at XAUUSD today: it’s clearly in a downtrend 📉 on the 4H chart, with consecutive lower highs and lower lows 🔽.
📌 My bias is bearish, and I’m patiently waiting for price action to set up for an entry 🎯.
If we get a break of market structure 🧱, followed by a retest and failure of the current range high 🚫, that could present an opportunity 👀 — not financial advice ⚠️.
Gold Faces Fib Resistance and Channel Ceiling: Bearish ContinuatHey Traders,
Gold is testing a confluence of resistance levels around 3,322 – including the 0.618 Fibonacci retracement and descending channel resistance. Despite short-term recovery, price remains within a bearish structure, and sellers may re-enter at this zone unless a strong breakout occurs.
Current Market Conditions:
Price is respecting a clear descending channel and has now approached the upper boundary.
The 0.618 Fibonacci level near 3,322 aligns with horizontal resistance, creating a high-confluence sell zone.
Momentum has slowed on the way up, indicating potential exhaustion from bulls.
Unless 3,322 is broken decisively, the bearish structure remains intact.
Fundamental Analysis/Outlook:
Gold remains caught between conflicting macro forces. Hawkish Fed expectations and a strong U.S. dollar (DXY rebound) weigh on XAUUSD. However, mild safe-haven flows persist due to global geopolitical instability and slowing economic data from Europe and China. Today’s upcoming Fed commentary could tip the scales. A dovish tilt could weaken the dollar and favour upside; otherwise, downside may resume.
Targets:
TP1: 3,292.05
TP2: 3,259.41
TP3: Below - watch for Fib extension to around 3,240
Risk Management:
Stop-loss: Above 3,322.11 (channel and Fib invalidation zone)
Risk-to-Reward: Favouring minimum 1:2, scale in only on bearish confirmation (engulfing or rejection candles)
Technical Outlook:
This is a textbook bearish retest setup inside a descending channel. The rejection from the 0.618 level adds confluence for sellers. A break and close above 3,322 would flip structure bullish, targeting 3,351 and 3,375. Until then, the path of least resistance remains to the downside.
Conclusion:
Gold is at a critical decision point. A rejection at 3,322 sets the stage for a deeper sell-off, especially if DXY continues strengthening. Be patient and wait for confirmation—this zone could offer a strong risk-defined short setup.
Sign-off:
“In markets, clarity often lies just beyond the fear. Trade the levels, not the noise.”
💬 Share your take below, boost this idea, and follow for more timely setups. Trade smart!
XAUUSD BUY OPPORTUNITY!🟢 Current Trade Setup (Buy Position)
Entry: Around 3,299.46
Take Profit (TP): 3,338.87
Stop Loss (SL): 3,285.64
Risk-Reward Ratio: ~1:3 ➜ This is a favorable R:R setup.
Key Zone - Supply Area
Marked as SUPPLY H4 (Higher Time Frame 4H supply zone).
Price Range: ~3,350 to 3,368+
This is where sellers may aggressively enter the market.
A potential reversal zone—watch price action closely when it reaches there.
🔸 Recent Price Action
A strong sell-off occurred before this setup.
Price then formed a sharp wick and a potential demand reaction around 3,285–3,290.
Price is now attempting a bullish recovery (possibly a liquidity grab followed by accumulation).
🔸 Bullish Signal
The recent structure shows a double bottom / demand reaction.
Entry aligns with the bottom of the move, offering good positioning.
📌 What to Watch
Intraday Buyers’ Momentum:
If volume supports upward momentum, it could push price toward TP.
Reaction at 3,320–3,340:
Minor intraday resistance zones before the TP.
If price hesitates, consider partial profit-taking.
Rejection from Supply H4:
TP is placed just below the H4 supply zone — smart take.
Avoid extending TP unless there's a strong breakout candle.
🧠 Summary
✅ Strong R:R setup.
✅ Clean reaction from demand.
🚨 Supply H4 zone ahead — expect resistance near 3,350–3,360.
📈 As long as price holds above ~3,290, the setup is valid.
XAU/USD elliot wave countOANDA:XAUUSD
📊 Elliott Wave Analysis (Overview)
🔹 Primary Structure: We're currently moving from white Wave 3 into white Wave 4.
🔹 Wave 4 Breakdown:
So far, Wave 4 is developing as a typical ABC corrective pattern.
Waves (A) and (B) (in brackets) have already been formed.
🔹 Wave (B) Internal Structure:
Wave (B) is unfolding as an impulse: we’ve completed Bracket 1, Bracket 2, and we’re now on the way into Bracket 3.
Within Bracket 3, we've already built a yellow Wave 1 and a potential yellow Wave 2.
🔹 Current Market Condition:
For the bearish scenario to stay valid, we must remain below the red trendline.
If we break above the red trendline, then yellow Wave 2 would likely extend higher and complete itself inside the red Fibonacci zone — making the correction deeper.
🎯 Target Zones:
Targets for yellow Wave 3 and the broader Bracket 3 are already displayed on the chart.
However, these targets can still be adjusted depending on how price unfolds in the coming sessions.
Excellent yesterday's sessionAs discussed throughout my yesterday's session commentary: "My position: In my opinion I need to stay on Hourly 4 time-frame for us and the potential break-out to the downside since Hourly 4 chart remains Bearish (never Swing Buy while #H4 is Bearish) on logarithmic scale, hence on limited upside. My expectation is that we still have one (minor) rebound left which will be the final Selling attempt / entry towards #3,300.80 benchmark, if Buyers manage to reverse this, #3,352.80 and #3,400.80 marks are Targets to monitor / which I will pursue with set of Scalp and Swing orders. Trade accordingly as I Bought #3,302.80 with set of aggressive Scalp orders."
I have Bought Gold with aggressive Scalps from #3,297.80 - #3,302.80 zone, firstly closing my orders as near as #3,310.80. Later on, did #4 more Scalps from #3,308.80 - #3,313.80 / closing all as near as #3,322.80 as I announced that Gold will certainly recover as per above (cca #171.000 EUR Profit using #100 Lots).
Technical analysis: Ranged Price-action came as no Technical surprise as Price-action remains in Rectangle on a combination of Fundamental pressure and Technical necessity for a Lower Low’s extension. It is closely related to currency Volatility on DX (and the economy related Fed’s talks and Tariffs agreements of utmost importance) as the Price-action in near equilibrium with DX (# -0.27%) also on Weekly scale and even if the pair completes full scale reversal, Gold should stay under Selling pressure. On the Short-term side, there is an clear Resistance and Support zone, limiting Sellers advances to it’s maximum thru Fundamental side (every early to late U.S. session revives Buyers on the aftermath). Gold should already Trade widely below #3,300.80 psychological barrier, but now Resistance tests seems more likely to develop and showcase Short-term Buyers presence. Hourly 4 chart points that Lower High’s Lower zone is near and Resisting the Price-action at #3,334.80 - #3,342.80 which makes it an possible Hourly 1 chart’s Ascending Channel variance - typical Target of similar sequence if break-out is delivered includes #3,348.80 - #3,352.80 on Short-term. In extension - I will advance with extreme care ahead of the most significant macroeconomic events of the week and since my model leans more to the Bullish side and Fundamentally Gold may soar, I will remain Scalping Gold as using Swing orders practically is worthless on such market.
My position: I will keep Buying and Selling Gold only with my aggressive Scalp orders from my key entry and reversal points.
Ready, Steady...?Gold has consolidated the past few weeks and has now bounced from solid support.
The current wave 4 looks complete and should now be followed by a strong upward move in wave 5, wave 5's in the metals are the strongest...expect a move towards $4000 coming.
Your chance to get on board early and ride this bull run again!
Appreciate a thumbs up, good trading and God Bless you all!
XAUUSD Weekly Chart Buying area📊 XAU/USD (Gold) Price Analysis – 4H Chart
🕒 Date: July 6, 2025
🔍 Technical Overview:
Gold is currently trading around the $3,337 level, showing signs of consolidation after a recent bounce.
🔸 Key Zones:
🟡 Resistance Area 1: $3,295 - $3,310
🟡 Resistance Area 2: $3,250 - $3,270
🟡 Target Zone: $3,390 - $3,410
📈 Possible Scenarios:
Price may retrace to the $3,295 - $3,310 resistance area, hold support, and aim for the $3,390 - $3,410 target zone.
A deeper pullback to the lower $3,250 - $3,270 resistance turned support area may occur before a stronger bullish move.
Breakout confirmation will come on a clean close above the $3,337 level with volume.
📌 Bias: Bullish above the $3,295 level
📌 Watch for: Bullish price action or liquidity grabs near support zones
💡 This setup is based on structure, liquidity zones, and institutional footprints.
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GOLD SWING LONG|
✅GOLD is trading in a strong
Long-term uptrend along the
Rising support line so we are
Bullish biased and after the price
Breakout of the local opening wedge
We we will be expecting a
Further bullish move up
LONG🚀
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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.
XAU / USD 1 Hour ChartHello traders. I have marked my area of interest on the hourly chart. We have Pre NY volume starting in 2.5 hours or so from now. Looking to see if we correct the move down from the overnight sessions , or do we continue down to retest a lower area for support, as marked on the chart?? Patience is key. Big G gets my thanks. Be well and trade the trend, I will post another chart / update in a few hours.
XAUUSD Gold Weekly solid Bullish zone Gold weekly Forecast lets see how the price will plays out open and see and send your feedback about Gold.
After the breaking Price could catch there support after pull back top but last week on Friday due to the low volume price could not move Highly Gold stabilized after correction after the falling weekly from 3366 Gold price found demand again in Asia on Friday but US Budgets risk due to the holiday could increase,
Technically Price range in last week 3357 to 311 there is important level and Bullish zone,
Resistance zone 3365 / 3390
Support Levels 3325 /. 3311
it is important situation for you traders to use trade long-term hope you can find more details in the chart POs Support with like and comments for more analysis.
Gold Bearish Reversal – Targeting 3293 After Channel Breakdown📉 Gold (XAU/USD) 30-Min Chart Analysis:
🔹 Pattern Overview:
Triple Top Formation spotted (circled areas), indicating strong resistance around the 3,365–3,375 zone.
A descending channel formed after the top, showing consistent lower highs and lower lows — clear bearish momentum.
Fib retracement level (0.618) acted as a resistance during the bounce.
🔹 Current Price Action:
Price broke down from the recent bullish correction inside the channel.
Bearish impulse wave is forming again after lower high around 3,355.
Price is currently dropping from ~3,360 to 3,313, heading toward key support.
🔹 Target & Support:
Marked downside target: 3,293 — aligned with prior support zone and measured move from the last swing high/low.
This is a critical demand area; potential short-term bounce could occur there.
🔹 Conclusion:
Bias: Bearish below 3,335.
Immediate Target: 3,293
Invalidation: Break above 3,355 could delay or reverse bearish move.
Good opportunity to wait for recovery and buy GoldOANDA:XAUUSD Confirmation of breaking Key level 3330 on Friday has formed an Uptrend in Gold. Reaction at GAP 3368 is obvious in an uptrend. Gold trend is favoring buying to 3388 and 3400 next week.
Support: 3345-3331
Resistance: 3387-3400
BUY Trigger: Retest and Reject support 3345
BUY Trigger: 3331 ( Strong support zone)
Target: 3400
SELL Trigger: rejection 3387 with bearish confirmation
Leave your comments on the idea. I am happy to read your views.
XAU / USD Hourly ChartHello traders. Here is the one hour chart showing where I would look for potential scalp short positions if things line up correctly. 3321 is the first area to watch for a possible short, but the second move down may be more condusive as it takes me forever to type this out. This is speculation of a trade set up, not advice. Big G gets a shout out. Be well and trade the trend.