HelenP. I Gold will drop to support level from pennant patternHi folks today I'm prepared for you Gold analytics. The chart started with a strong impulse move upward from the support zone around 3190 - 3205, where buyers stepped in and pushed the price aggressively higher. This bullish momentum continued until the price reached the trend line, which had previously acted as a dynamic resistance. Upon contact with the trend line, the market lost strength and began to compress into a narrowing formation, a classic downward pennant. Within this pennant, the price made several lower highs, suggesting waning bullish power and the buildup of pressure inside a tightening range. Sellers became more active near the resistance zone around 3365 - 3380, and each upward attempt was quickly absorbed. Now the structure shows signs of a potential breakout to the downside. Given this formation and the current price behavior near the upper edge of the pennant, I expect a minor upward movement followed by a sharp breakdown. My goal lies at the 3205 support level, where previous demand emerged. That’s why I remain bearish and see this level as a realistic goal for the next move. If you like my analytics you may support me with your like/comment ❤️
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GOLDCFD trade ideas
Gold (XAUUSD) Elliott Wave Outlook: Next Bullish Surge UnderwayGold (XAUUSD) has displayed a strong bullish trend since establishing a low on May 15, 2025, forming a sequence of higher highs that signals further upside potential. The rally from the May 15 low unfolded in a clear five-wave Elliott Wave structure, completing wave 1 at $3365.93. The initial advance, wave ((i)), peaked at $3252.05, followed by a corrective pullback in wave ((ii)) to $3153.47. The subsequent rally in wave ((iii)) reached $3345.40, with a minor dip in wave ((iv)) to $3278.79. A final leg, wave ((v)), concluded wave 1 at $3365.93.
Following the completion of wave 1, a corrective wave 2 developed as a double three Elliott Wave structure. From the wave 1 high, wave ((w)) declined to $3284.40, followed by a recovery in wave ((x)) to $3325.51. The subsequent decline in wave ((y)) bottomed at $3245.20, marking the end of wave 2. Gold then resumed its upward trajectory, initiating wave 3. Within this wave, wave ((i)) peaked at $3331.11, and a pullback in wave ((ii)) found support at $3271.09. The metal has since broken above the previous wave 1 high of $3365.93, confirming the start of wave ((iii)) and signaling further upside.
In the near term, as long as the pivot low at $3246 remains intact, pullbacks are expected to attract buyers in a 3, 7, or 11-swing corrective structure, supporting additional gains. Traders should monitor these levels for potential buying opportunities, with the bullish trend likely to persist as long as key support holds.
Gold contained within a rangeTechnical analysis: Recovery continuation on Gold throughout one of the most Volatile weeks of #Q2 (at least for now), in configuration (which should be Technically Bearish for Gold) on the E.U. opening aftermath, where Bond Yields (# -1.10%) possibly reached the Bottom and are currently on aggressive takedown path at the moment, which is adding constant Buying pressure on Gold. Uptrend on Gold is stalled as news hit all market classes and trend Intra-day shift on both DX and Bond Yields on spiral downtrend may constantly accelerate Gold upwards and touch #3,332.80 - #3,342.80 Resistance zone. I will continue Trading Gold within well known range as long as DX is Trading on Neutral numbers. Fundamental events should appear as relief news (at least for Gold’s Buyers) and make DX break well defined Support fractal and Gold to gain (much more attractive for Investors which are and will be looking for safe-haven assets in High demand), but configuration went other way around, and not to calculate more, there is the rule which I mention constantly (what was the Support, becomes the Resistance and vice-versa), I am a bit surprised that Gold recovered this much without a catalyst and #3,342.80 Medium-term Resistance almost got tested and invalidated on multiple occasions will shift Gold from Neutral to Bullish on Short-term. I will monitor the situation and will await for confirmation of a breakout (either below the Hourly 4 chart’s Support or Daily chart Resistance).
My position: I have re-Sold Gold firstly on #3,327.80 and #3,338.80 throughout yesterday’s session and closed both of my orders on #3,324.80 which was tested on late U.S. session. Nothing new personally as I am Trading / continue operating within #3,302.80 - #3,342.80 Neutral Rectangle with my aggressive stronger Lot Scalping orders as I believe we might be contained within mentioned belt a while.
XAUUSD WONDERMAP XAUUSD WONDERMAP
Price just gave us a bullish daily close, but it's now hunting a deeper pullback before sending ROCKETS. Strap in and study this zone with precision.
BUY ZONE Incoming:
H4 Support
H1 breakout & retest
M30 clean structure
M15 continuation brewing
▲Targeting bounce from the 3294-3290 zone. Let the market breathe, let the setup mature.
Only for the sharp. Only for the committed.
Gold poised to edge higherI expect Gold to retest recent highs. The currrent US administration is very unpredictable and this creates uncertainty in the markets. Since Gold is a safe Haven it stands to reason that people/nations will choose to hold Gold in their reserves creating a higher demand for old Gold.
XAUUSD on recovery Market is in sideways creating rangbound 3280-3335,although market is on bullish consolidation.
What possible scenario we have?
As we have seen market covered the previous week volume gap at 3290 which was pending and gold has still potential towards 3335 . i'm expecting 3330-3335 will be the good selling opportunity if we got confirmation of rejection. We have previous Neutral zone 3280-3330 ,if market remains below 3330-3335 then we'll again have 3280-3330 zone.
Additionally: if gold breaks through 3330- 3335 we will continue to buy and look at 3380 then above (3415-3420).
#XAUUSD
Accurately grasp the gold trend analysis next week📰 Impact of news:
1. The geopolitical situation is gradually deteriorating
2. Trump again calls on the Federal Reserve to cut interest rates
📈 Market analysis:
The current weekly moving average support for gold prices is roughly 3250-3260. If 3250-60 can be maintained, then gold may continue to maintain consolidation and wait for an opportunity to choose a trend. If it falls below 3250, then it can directly see the 3200 mark. If 3200 falls below again, then it will see 3100. In the short term, the first focus of the gold price below is 3315. As long as it stays above 3315, gold is still in a bullish trend. Secondly, pay attention to the 3280 line below. If it falls below 3280, the gold price will further test the support of 3260-3250. It is possible that gold will form a head and shoulders top structure on the daily chart next week. It may fall to 3250-60 at the beginning of the week to lure shorts into the market, and then stretch and rebound to around 3350 to form a shoulder position, and finally directly dive down to around 3150.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
As shown in the figure: 30-minute cycle chartAs shown in the figure: 30-minute cycle chart
This week, the gold price broke through the head and shoulders bottom pattern and stopped at around $3,400
Following the sharp drop last Friday, the gold price trend showed a wide range of fluctuations, superimposed on the M chart resonance downward.
It is expected that the gold price will continue to fall on Monday.
1: On Monday this week, the gold price effectively broke through the blue macro triangle oscillation and went out of a new wave of pull-ups, but it was not until the highest point on Thursday that it effectively stood above the $3,400 mark. The downward trend after the release of non-agricultural data on Friday shows that the recent gold price is purely driven by policy and news.
2: The gold price has currently fallen below the central oscillation range of 3,340, and continues to fall and stop loss above 3,300. From this we draw the following conclusions:
A: As long as the gold price is below $3,340, the gold trading strategy should try to adopt a high-level short-selling strategy, with a stop loss set at 3,345-3,350.
B: 3,300-3,310 is the current effective support area. After fully testing the stability of the support level, you can consider trying to chase the short after the rebound high.
C: Key support level: 3200-3220-3250-3270-3300
D: Key pressure level: 3400-3340
Expected target for gold price decline on Monday: 3275-3250
Gold Drop Fully Expected — Now It's Bulls?This recent decline in gold was well within our expectations. Since Monday, I’ve been highlighting the following:
The 3400 zone is a strong historical resistance, with heavy supply pressure;
A gap remains open at 3289, creating downside risk.
Today's drop is a deep flush of selling pressure near the 3400 zone.
Although the 3289 gap is still unfilled, this move may trigger dip-buying activity, giving bulls some room to work with.
📌 The first rebound resistance is likely near 3343, but because the gap is still a threat, most funds remain cautious. This could result in:
Weaker-than-expected rebounds;
Even possible bull traps followed by renewed downside.
✅ Long strategy reminders:
Keep position size moderate;
Set realistic targets;
Adjust your approach in line with market development.
Stay sharp, stay flexible — profits favor the prepared.
GOLD: Strong Growth Ahead! Long!
My dear friends,
Today we will analyse GOLD together☺️
The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding above a key level of 3,358.70 So a bullish continuation seems plausible, targeting the next high. We should enter on confirmation, and place a stop-loss beyond the recent swing level.
❤️Sending you lots of Love and Hugs❤️
Bullish riseGold broke a bearish channel at 3330, and looks headed towards the top. As of now, price is trying to continue to go up towards 3400 and stabilise above this barrier. If price action, remains above 3330 the commodity will likely continue up. Conversely, if the 3330 zone is broken down, a decline may be expected.