XAUUSD Short Term Possibility AnalysisGold has an are between 3324 to 3328. It hold for a while there and target back to one hour OB which is residing on 3355 to 3365. Previous day gold move shows intense buying which is sign of potential buying in gold. As weekly candles show strong uptrend the possible move for gold will be in uptrend therefore two scenarios are shared here. If gold breaks 3324 to 3328 support it will possibly target the daily low which is residing on 3295.
GOLDCFD trade ideas
Shorts trapped? No, the head and shoulders top is still downOver the weekend, I gave a trading strategy for going long at 3315-3305. Today, I updated and optimized the long order trading, maintained the high-short-low-long trading strategy, and began to rebound near the 3300 line, and successfully touched the long TP 3333. At present, I am executing short trades again according to the trading strategy and holding short orders.
Although gold has only retreated to around 3330, I am not worried about losses and failures in short trades. As I wrote in today's post, the daily K-line chart has a head and shoulders top pattern. As long as the bulls fail to recover 3360, it is still a short trend. Therefore, in the short term, I still think that the rebound is a good opportunity for us to go short.
At present, the short-term bullish momentum of gold has been consumed and the downward trend continues. Therefore, I still insist on holding short orders in the short term.
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and being strict with yourself. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
FXOPEN:XAUUSD PEPPERSTONE:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD FXOPEN:XAUUSD OANDA:XAUUSD TVC:GOLD
XAUUSD ANALYSIS💸GOLD💸
📉 Trend Overview
• Prior Structure: Market was in a strong downtrend, shown by descending highs and lower lows.
• Break of Structure: Price broke out of the descending trendline, indicating a potential bullish reversal or at least a deeper correction.
• Current Structure: The market is consolidating after an impulsive bullish move, forming a range or re-accumulation.
⸻
🔍 Key Observations
✅ Break of Downtrend
• Price has clearly broken the descending trendline — first sign of bullish strength.
• After the break, price created a higher high and pulled back — confirming a market structure shift.
📌 Fair Value Gap (FVG) & Buy Zone
• FVG identified below current price — this is often a liquidity gap where institutions may return to mitigate orders.
• The Buy Zone aligns with the FVG — making it a high-probability demand area.
• Price could wick into this zone before making the next bullish leg.
🧱 Range Formation
• Multiple touches at resistance (marked by “X”) indicate price is currently accumulating liquidity.
• Consolidation within a clear range suggests build-up before breakout.
⸻
📈 Possible Scenarios
🟩 Bullish Case
• Price revisits the Buy Zone / FVG area.
• Bullish reaction from this zone can lead to a break above the consolidation range.
• First target: previous high / top of the chart projection (marked with an arrow).
• Extended target: Implied liquidity above the highest resistance zone.
🟥 Bearish Invalidations
• A clean break below the Buy Zone and failure to react at the FVG suggests:
• Weak bullish momentum.
• Potential return to lower lows.
⸻
✅ Confluences Supporting Longs
• Market Structure Break.
• FVG + Demand Zone alignment.
• Trendline breakout.
• Range liquidity building up.
• Higher low formation.
⸻
🕵️♂️ What to Watch For
• Bullish engulfing or reversal pattern in the Buy Zone.
• Breakout candle with volume above consolidation.
• Retest of broken structure for confirmation.
The 3-Method Framework: Simplifying Technical AnalysisMost traders get caught up in complex indicator setups, thinking that more tools equal better results. We rely on moving averages to tell us if prices are trending up or down, and we depend on support and resistance levels to predict market movement. But what if I told you there's a simpler, more powerful way to read the market using pure price action?
Today, I want to share my experience and understanding of bias and expectations for the next candle formation. This approach is refreshingly simple because we don't need to understand every single price movement - we just need to focus on what matters most.
Method 1: Opening Price Comparison
The first method is beautifully straightforward. For a bullish bias, the current opening price should be above the previous opening price. That's it. Sounds almost too simple, right? But simplicity often holds the greatest power in trading.
For Gold yesterday, we simply needed to compare the latest opening price on the Daily timeframe with the previous opening price. It's that simple.
Method 2: Mid-Level Analysis
The second approach involves comparing mid-levels between candles. We compare the mid-level of the previous candle with the mid-level of the candle before that. I know it might sound a bit complicated when explained this way, but once you visualize it on your chart, the concept becomes crystal clear.
Still on Gold, we just compare the 50% or mid-level of the previous candle with the candle two periods back from the latest candle on the daily chart.
Method 3: Expansion Expectations
The third method helps us anticipate expansion in price. Traditional complex methods require analyzing numerous factors, but this simplified approach only needs two candles before the current one. Here's how it works: we use the high and low of the candle two periods back, and the open and close (body) of the previous candle. If the previous candle's body sits within the high-low range of the two-candle-back formation, we can expect price expansion.
The beauty of this method is that we don't care whether the price is bullish or bearish - we simply expect expansion to occur. Think of it like a compressed spring: when price gets squeezed within a previous range, it often seeks to break out in either direction. We're not predicting the direction, just the likelihood of significant movement.
Still on Gold, I randomly selected all inside candles on the Daily timeframe. Remember, the purpose is only to expect expansion, not direction. If you want to use this for directional bias, make sure you apply the additional analysis required.
Remember, there are no guarantees in trading, but this method provides valuable insight into potential market expansion.
Advanced Combinations for Enhanced Analysis
Combining Methods 1 and 2 creates our most accessible approach since you only need two candles. When both the opening price and mid-point from two candles ago indicate bullish conditions, we can expect the current candle to follow an OLHC bullish pattern.
You can see the 3 examples I've provided in the image, and all of these are applicable across all timeframes, both daily and 4-hour.
Combining all three methods offers a more sophisticated analysis, particularly useful for anticipating market reversals. This involves marking the current and previous opening prices, comparing mid-levels from the last two candles, and identifying the high/low range from two to three candles back.
Now I'm adding Inside Candles from 2-3 periods back (My personal rule is maximum 3 candles before the current candle, or this analysis will lead to analysis paralysis).
The Bullish and Bearish Rules
Bullish Rule 1:
Opening price above the previous opening price
Mid-level of the previous candle above the mid-level of the previous candle before that.
Inside candle formation (optional)
Bearish Rule 1:
Opening price below the previous opening price
Mid-level of the previous candle below the mid-level of the previous candle before that.
Inside candle formation (optional)
The Secret Sauce: Timeframe Harmony
Here's where the "devil is in the details" comes into play. You might find perfect bullish conditions on your chart, but the market still reverses. The secret lies in using this method on Daily and 4-hour timeframes simultaneously.
Simply understand it from the chart.
Simply understand it from the chart.
If Rule 1 conditions are met on the daily chart, they must also align on the 4-hour chart. When the 4-hour contradicts the daily, follow the 4-hour signal as it might indicate a "sell on strength" or "buy on weakness" scenario.
The formula is simple: must align with
I've never tested this on 1-hour charts because the Daily and 4-hour combination provides sufficient accuracy for my trading approach.
Enhanced Rules for Precision
Rule 2 makes the inside candle formation mandatory rather than optional. Sometimes you'll encounter mixed signals where the mid-level suggests one direction while the opening price suggests another. The solution? Drop down to a lower timeframe for additional confirmation.
I don't recommend using this method below the 4-hour timeframe, but you can certainly apply it to Monthly or Weekly charts for long-term bias determination. The key is analyzing both Daily AND 4-hour timeframes together, not just one or the other.
When timeframes conflict, often just one key level provides the confirmation you need - typically a previous Monthly or Weekly high or low.
Final Thoughts
Pure price action mastery isn't about having the most sophisticated setup or the most indicators on your chart. It's about understanding the fundamental relationship between opening prices, mid-levels, and candle formations across meaningful timeframes.
This approach has served me well because it cuts through market noise and focuses on what price is actually telling us. Start with these three methods, practice identifying the patterns, and gradually build your confidence in reading pure price action.
Remember, consistent profitability comes from mastering simple, reliable methods rather than chasing complex strategies. Keep practicing, stay disciplined, and let price action guide your trading decisions.
Good Luck! :)
Continue to try to find the top of the band to short goldGold maintained a slow and volatile rise structure during the day. The highest has reached 3348, and it is only a step away from 3350. Will gold continue its upward momentum as usual?
In fact, it was beyond my expectation that gold could break through 3345 in the short term. According to my original expectation, the intraday high of gold was almost around 3345. Although the rebound of gold exceeded expectations, it is currently located near the resistance of 3348-3350, so I will definitely not give priority to chasing gold at high levels in short-term transactions.
Moreover, gold is currently in the resistance area of 3348-3350. The volatility of gold has converged, and the upward momentum has declined. As gold continues to rebound and faces the key resistance area again, the bulls are relatively more cautious. In this context, this resistance area may act as a catalyst, and the bears will react, leading the decline in gold. However, as gold rebounds and the support below gradually stabilizes, we can appropriately reduce the expectation of gold's decline and adjust the decline target to the 3330-3320 area.
So for short-term trading, I will still short gold based on the resistance area, trying to find a swing top in the 3340-3350 area, and look at the target area of 3330-3320.
Gold price rises as expected, is 3400 far behind?
💡Message Strategy
Trump announced on Friday that he would impose a 35% comprehensive tariff on Canadian imports, which will take effect on August 1, which caused a market shock. As Canada's largest trading partner, the United States accounts for 76% of Canada's exports in 2024. This move will undoubtedly have a profound impact on the global supply chain and trade pattern.
In addition, Trump's tariff policies on copper and Brazil have further exacerbated market uncertainty, pushing gold prices to break through key technical resistance levels and move towards the $3,400 mark.
The Fed's policy moves also have an important impact on market sentiment. The minutes of the June meeting released on Wednesday showed that the Fed's internal concerns about tariffs potentially pushing up inflation are growing. The minutes pointed out that "most participants emphasized that tariffs could have a more lasting impact on inflation."
Despite this, the Fed reiterated that it would remain on the sidelines and wait for further clarity on inflation and economic activity. At present, according to the market forecast of the CME FedWatch tool, the probability of a 25 basis point rate cut in September has risen to 62.9%, reflecting investors' expectations that the Fed may ease early.
📊Technical aspects
Yesterday’s strategic recommendations mentioned that the effective support level for gold was in the 3280-3285 range. Today, gold fell back to the 3280 level, stabilized, and began to rise, perfectly reaching the target.
From a technical perspective, gold has shown significant upward momentum this week. The daily chart shows that the price of gold has successfully broken through the symmetrical triangle resistance and touched the 20-day simple moving average (SMA) of $3,339.97.
This breakthrough marks a strengthening of the short-term technical pattern, showing that bulls have the upper hand. The relative strength index (RSI) has rebounded to around 55 on the daily chart and is trending upward, indicating that there is slight bullish momentum in the market.
However, in the short term, the upside of gold may be limited by the 23.6% Fibonacci retracement level ($3,370). If this level can be effectively broken, the psychological level of $3,400 and the June high of $3,452 will become the next target.
💰Strategy Package
Long Position:3335-3340,SL:3320,Target: 3370-3400
Gold continues to short
Life is like a thread. As long as today continues and as long as there is hope for tomorrow, we will always be at the starting point and on the road to running. Don't be afraid of the long road, don't complain about the lack of scenery on the roadside, don't despair at any time, just keep running, the bumps under your feet are the cornerstones of our life, and perhaps the turning point is just around the next corner!
Gold, on the eve of the US market yesterday, the shorts repeatedly touched the lower support of 3282, but ultimately lacked the momentum to make a final push, which led to a reverse reversal in the US market and a continuous rebound effect. As of the morning of the day, the highest reached near 3326, and the daily line also closed at the bald small positive line of the lower lead. The current upper pressure is maintained at the previous 3330 line. This position will also be related to the continuity of the long and short positions in the later period, and the highest in the morning will also be maintained near this position. For the European market, this position is even more important. Once it continues to break through, the US market will likely continue to rise, and it can also be used as the position of the long and short watershed in the short term, and the recent trend continuity is extremely high. , most of them are maintained in the range of shock operation, and the support below will be maintained at 3310, which is also the key defensive point of the European session. Although the daily line is currently closed at a small positive line, it is still obviously insufficient in power, and the multi-hour line is also maintained in the downward channel without a breakthrough. In the short term, it is still in a bearish situation overall. If there is no breakthrough for a long time, it may continue to fall in the later period. If gold rebounds near the morning high, it can continue to short. If the European session breaks through strongly, it needs to adjust its direction before the US session. If gold rebounds near 3325-26, it can be shorted. The target is around 3310-00, and the loss is 3335!
Gold rebounds near 3325-26 during the day, and the target is around 3310-00, and the loss is 3335.
XAUUSD (GOLD) – 1H Analysis – Smart Money ConceptPrice is currently reacting around the 1H bearish order block (OB) within the supply zone near $3,300 – $3,320. We expect a short-term bullish retracement into this premium zone before a potential bearish continuation toward our Point of Interest (POI) at the green demand zone ($3,245 – $3,260).
📌 Two scenarios in play:
Sell from current supply zone ($3,300–$3,320) → First TP near $3,265 → Final TP at $3,250.
If price breaks above, next entry is at higher supply zone ($3,340–$3,360) for a deeper sell.
⚠️ Watch for price reaction around the POI (Demand Zone) for potential bullish setup later in the week.
🧠 Smart Money Concept (SMC) in play:
Supply zone respect
BOS/CHOCH confirmed
POI (Demand) targeted
FVG/Imbalance below being filled
📅 NFP & CPI events this week – expect increased volatility.
Expecting Gold bullish Movement The chart illustrates a potential bullish reversal setup for Gold XAU/USD on the 15-minute timeframe Price action has recently tested and respected a key demand zone marked as the Kee point around the 32853 level This area acted as strong support with multiple rejections suggesting buyer interest
Following this, the price has started forming higher lows and higher highs indicating the beginning of a bullish structure The large blue arrow suggests bullish momentum is expected to continue, aiming for upside targets
Key Levels
Kee Point Support Zone 3285 Crucial area where the reversal initiated
Target 1: 3316 First resistance level and a potential take-profit zone
Target 2: 3330 Final bullish target if momentum sustains
Outlook
As long as the price holds above the Kee Point, bullish continuation is favored
Breaking and closing above Target 1 could lead to further gains toward Target 2
A break below the Kee Point would invalidate this bullish scenario
This setup presents a potential buying opportunity with defined upside targets contingent on sustained bullish pressure
Gold Ranges at $3,330–$3,335 – Ready for the Next Move📊 Market Overview:
Gold is currently trading around $3,330–$3,335/oz, supported by a softer US Dollar and cautious sentiment ahead of key US labor data. According to TradingView, gold is consolidating in a tight range, reflecting market indecision while awaiting a clear breakout signal.
📉 Technical Analysis:
• Key resistance: $3,345–3,350 – a strong supply zone that recently rejected price.
• Nearest support: $3,320–3,330 – multiple bounce points observed here.
• EMA09: Price is hovering around the 09 EMA on both 1h–4h timeframes → neutral/slightly ranging.
• Candlestick / Volume / Momentum:
o A “bearish flag” pattern appears to be forming, suggesting potential for a downside breakout.
o Weak buying volume during upward moves signals limited bullish strength.
📌 Outlook:
• Gold may continue to consolidate between $3,330–$3,345.
• A break above $3,345 with strong volume could open the path to $3,360–$3,380.
• A break below $3,330 could lead to further correction toward $3,300–$3,320.
💡 Suggested Trading Strategy:
SELL XAU/USD at: 3,343 – 3,345
🎯 TP: 40/80/200 pips
❌ SL: 3,355
BUY XAU/USD at: 3,330 – 3,327
🎯 TP: 40/80/200 pips
❌ SL: 3,320
XAUUSD – Trade Projection (Post-London Open)
Current Market Context:
Price is currently oscillating between two Higher Timeframe Price Inefficiency Zones (PIZ), resulting in a neutral bias for initiating new positions.
Anticipated Scenarios & Bias Filters:
If both upper and lower PIZ zones reject price, confirming compression and exhaustion, bias will shift toward a Sell-Side Bias Environment (SBE).
If the lower PIZ acts as support and price trades decisively above the upper PIZ, it strengthens alignment with the HTF Ascend Sequence and confirms a renewed Buy-Side Bias Environment (BBE).
Execution Plan:
Preferred entry confirmation: Momentum Breach Entry (MBE) post-structural resolution from the PIZ boundaries, in line with breakout momentum.
Summary :
Neutral bias in the interim; awaiting directional clarity from PIZ reactions. Prepared to align with the first strong rejection-confirmation sequence and respond with momentum-based entry.
7.14 Gold Analysis7.14 Gold Analysis
I. Market Review and Current Situation:
Last week, the trend of gold showed a bottoming-out and rebounding pattern. Affected by the fluctuation of market sentiment at the beginning of the week, the price of gold once broke through the important psychological barrier of $3,300. However, as the market gradually digested the threat of radical tariff policies proposed by former President Trump (including the imposition of high tariffs on the European Union, Mexico, etc.), the demand for safe-haven re-heated, driving the steady rebound of gold prices. At the end of last Friday, the price of gold reached a high of around $3,368, and finally closed above $3,350 on a weekly basis.
II. Key technical observations:
1. Daily level trend and risk:
The current daily structure still maintains a bullish trend, and there is dense technical support below.
The core support area is in the range of $3,320-3,340, which brings together key moving average systems (such as MA20, MA30, etc.) and the previous trading concentration area, forming an important bullish defense line.
Key warning: Although the trend is bullish, the risk of chasing high is significant. If you chase more above $3350 or even $3360, once the gold price technically retreats to the 3340-3320 area for consolidation, the position will face greater floating loss pressure and psychological test of holding positions.
III. 4-hour level short-term signal:
The gold price failed to effectively stand above $3360 on the 4-hour chart, which is a signal worthy of vigilance, suggesting that the short-term upward momentum may be insufficient.
This signal increases the possibility of gold prices falling back to the lower support again.
The nearest support level clearly points to around $3340. This position is a key node for short-term long and short competition. If it is effectively broken, it may further test the 3320-3330 area.
IV. Core drivers and event outlook:
Tuesday's US CPI data (released on July 15): This is the most critical risk event that dominates the trend of gold prices this week. The market will assess the current state of US inflation based on this, and revise its expectations for the future monetary policy path of the Federal Reserve (especially the timing and magnitude of interest rate cuts) based on this. Any data that exceeds expectations (whether up or down) may trigger sharp fluctuations in gold prices.
Trump's policy trends: His "important statement" on trade (high tariff threats) and the announcement of today's "important statement" on the Russian issue are still important sources of market uncertainty and risk aversion. The escalation of relevant remarks or measures will be good for gold, and vice versa, it may weaken safe-haven demand.
US dollar trend: The US dollar index fluctuated upward last week (recorded its first increase in three weeks). Although it did not effectively break through the 98 mark, its relative strength has put a certain pressure on gold prices, and its trends need to be continuously monitored.
5. Intraday operation strategy:
1. The core idea before the release of CPI: cautious fluctuations and range operations.
It is expected that before the release of the crucial US June CPI data (Tuesday), the probability of gold prices remaining in the range of 3360-3340 US dollars is very high. Market participants tend to wait and see, waiting for data to guide the direction.
2. Specific strategy:
The upper edge of the range (near and above 3360 US dollars): It is not advisable to aggressively chase the rise. It can be considered as a short-term light position test, and the stop loss is strictly set above 3365/3370 US dollars. The target is 3345-3340 US dollars.
The lower edge of the range (near 3340 US dollars): Pay attention to the defensive strength of bulls. If effective support is obtained in this area (such as a stabilization signal), you can consider light position layout of long orders, and set the stop loss below 3335/3330 US dollars. The target is 3350-3360 US dollars.
Breakthrough strategy (low probability but need a plan):
Break above 3365/3370 US dollars: The effectiveness and sustainability need to be confirmed. The aggressive can follow up with a light position, and the target is 3380 US dollars, but it is necessary to be wary of the risk of false breakthroughs before CPI, and the stop loss must be strictly enforced.
Break below 3335/3330 US dollars: It may open the downward space to 3320 or even lower. You can consider shorting with the trend, and the target is 3310-3300 area, and the stop loss must also be strictly enforced.
*Today, the gold market is in a "quiet period" before the release of key data. Although the overall technical trend remains bullish, and there is strong support in the 3320-3340 area below, it is difficult for gold prices to effectively break through last week's high (3368) and open up upward space in the absence of a new strong catalyst (CPI data). At the same time, the failure of the 4-hour chart to stand above 3360 also indicates a short-term correction risk. Therefore, the most likely path during the day is to fluctuate in the range of 3360-3340 US dollars. Traders should remain patient, adopt a strategy of light positions, high selling and low buying within the range, and strict stop loss, focus on avoiding the risk of chasing up and selling down before the release of CPI data, and wait for tomorrow's data to guide a clear direction.
Be cautious in trading and control risks! I wish you a smooth transaction!
XAUUSD 4Hour TF - July 13th, 2025XAUUSD 7/13/2025
XAUUSD 4 hour Long Idea
Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4hour - Bullish
Gold is looking pretty bullish this week as we saw a significant push above our 3,320.000 resistance zone. Looking to ride that same trend through this next week.
Bullish continuation - After a nice rally last week gold looks primed for another long setup. Ideally, price action goes for the retest of 3,320.000 and forms a higher low. This would confirm bullish structure and we can begin targeting higher toward major levels of resistance.
Bearish Reversal - For us to consider bearish setups we would first need to see a break back below 3,320.000 followed by a confirmed lower high. If this happens we can consider short positions and look to target lower toward major levels of support.
"Gold at a Crossroads! Bullish or Bearish? (Trade Plan)"🦹♂️💰 "Gold Heist Alert: XAU/USD Bullish Raid or Bearish Ambush?" 💰🦹♂️
🌍 Greetings, Market Pirates & Profit Raiders! 🌍
(Hola! Oi! Bonjour! Hallo! Marhaba!)
Based on the 🔥Thief Trading Method🔥, here’s our strategic heist plan for XAU/USD (Gold vs. Dollar). Follow the chart markings for high-probability loot zones—whether you're a bullish bandit or a bearish burglar! 🏴☠️💸
🎯 Entry Strategy (Where to Strike)
"The treasure is ripe for taking! Breakout = GO TIME!"
✅ Long Entry (Bullish Raid): Jump in at current levels if the uptrend holds.
✅ Short Entry (Bearish Ambush): Wait for a break & close below 3280.00 (confirms downtrend).
🛑 Stop Loss (Escape Route)
🚨 For Bulls: Bail out if price hits 3240.00 (SL tightens if trend strengthens).
🚨 For Bears: Retreat if price surges past 3360.00 (only activate SL post-breakout!).
🎯 Take Profit (Loot & Scoot!)
💰 Bullish Thieves: Aim for 3600.00 (or exit early if momentum fades).
💰 Bearish Bandits: Target 3125.00 (or escape before the cops—err, reversal—arrives).
📡 Market Intel (Why This Heist?)
Gold’s in a neutral zone (but bulls have the edge! 🐂📈). Key factors:
Macroeconomic shifts
COT data clues
Sentiment & seasonal trends
(Full breakdown in the chart notes—klick the 🔗! 🔍🌐)
⚠️ Danger Zones (News & Risk Control)
🚨 High-Impact News = NO NEW TRADES!
🚨 Protect open positions: Use trailing stops to lock in profits.
🚨 Adjust SLs if volatility spikes!
💥 Boost the Heist! 💥
Like & Share to fuel our next market robbery! 🚀💰
Follow for more lucrative trade setups—coming soon! 👀🔥
🎯 Trade Smart, Steal Smarter! 🦹♂️💎
Gold is ready to go up againHi traders,
Last week gold went up again after a correction to finish (orange) Wave D just as I've said in my outlook.
Next week we could see another move down for Wave E and after that the next impulsive wave 5 up.
Or the last correction down was already wave E and gold started the next impulsive wave up.
In both cases gold will shoot up after a correction down.
Let's see what price does and react.
Trade idea: Wait for a small correction down on a lower timeframe and a change in orderflow to bullish to trade longs.
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
XAU/USD 15M CHART PATTERNHere's a clear breakdown of your XAUUSD SELL trade setup:
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🟠 Trade Type: SELL
Entry: 3334
✅ Take Profits:
1. TP1: 3325
2. TP2: 3315
3. TP3: 3300
❌ Stop Loss: 3348
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🧮 Risk/Reward Summary:
Target Profit (pips) R:R (approx.)
TP1 9 0.64:1
TP2 19 1.36:1
TP3 34 2.43:1
> Stop loss is 14 pips above entry (3348 - 3334).
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⚠ Quick Notes:
Make sure this aligns with your risk management strategy.
Entry at 3334 is quite close to a round resistance — monitor for reversals.
Use trailing stops if you'd like to lock in profit after TP1 hits.
Would you like a chart
GOLD PULLS BACK TO TREND LINE AND RE-ENTERS BUY ZONE!Hey Traders so looking at Gold right now seems like we are consolidating at 3310 looking for direction. However I think the trend is still up because if you look close at support levels 3240 it has rejected that level twice.
Of course markets can flip on a dime when something unpredictable happens in this tariff driven environment so we still need to be cautious.
Seasonally Gold Rises in the Summer from a historical standpoint. But watch out to see what happens at todays FED meeting.
So if your Bullish this is the place to buy cautiously consider small position on an aggressive entry and put stop below 3230 which looks like it could be good level.
Or if conservative wait until after FED meeting to see how market reacts off this level and they buy again on a pullback if market reacts positive.
However if Bearish I would wait for a daily close and break below 3215 or 3200 before considering selling.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford