Gold key levels to watchGold has broken key short-term support between 3260-3284 (shaded in grey on the chart). This is a bearish development in the short term outlook from a technical point of view. But with the long-term trend being bullish, traders should take this with a pinch of salt. Key support levels are now approaching. $3200 is an obvious level to keep an eye on. Below that old resistance at $3167 comes into focus next. The line in the sand is at around the $3100 mark, where the bullish trend line is also converging.
By Fawad Razaqzada, market analyst with FOREX.com
GOLDCFD trade ideas
XAU / USD 4 Hour ChartHello traders. Happy Thursday. On the 4 hour chart, I have marked my area of interest to see if gold will keep pushing down or push back up to retest the breakdown area. Many times the overnight sessions get corrected with the NY open. Saying that, we may push up a bit only to come back down. Let's see how the 4 hour candle closes. Big G gets my thanks. Be well and trade the trend.
ZIGZAG wave-c has startedContinuing the previous gold analysis
It seems that wave-(b) is turning into a normal zigzag and wave-c has started from the zigzag. Wave-c of this zigzag could end in the range of $3200-3216 or $3104-3118.
After the zigzag ends, we will have another upward movement in gold.
Gold under Selling pressureTechnical analysis: Gold is being kept below the Hourly 4 chart’s Resistance zone of #3,292.80 - #3,300.80 despite the rejection on DX and continuous rise on equities, Gold didn’t manage to prepare the terrain for further the uptrend, according to my Technical estimations. Besides the High Selling Volume and evident Price-action showcasing of Bearish trend switch, #3,262.80 Support I mentioned which was about to be tested was invalidated and naturally Gold is on a decline (as I expected it throughout my recent remarks) and is Technicals what's keeping Gold Lower, relative to circumstances. Regardless of that, the Daily chart’s Support (Medium-term) is Trading just few points below, at #3,200.80, if broken it can open doors for #3,127.80 extension and Support mark test and is alone a positive development for Sellers ahead of the end of the Trading week.
My positions: All my Selling order are concluded at this point.
Gold at $3,260: Buy the Fourth Dip?Gold prices have stabilized today after experiencing an earlier decline that represents the fourth dip down to the $3260 level over the past few sessions. The repeated defense of this support level could indicate strong buyer interest at these prices.
Recent reports suggest an easing of trade tensions which might be weakening demand for gold. But have tensions really eased to any great extent? Commerce Sectary Howard Lutnick announced yesterday the U.S. is close to 1 trade agreement with 1 mystery trade partner (rumored to be India? But why not brag about that if true) isn't the kind of progress that consoles me.
But is it time to buy?
The consistent support at $3,260 coupled with a potential move above $3,375 could provide the technical confirmation needed for renewed confidence in this kind of trade.
continue to accumulate, gold price waiting for NF⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues its downward trajectory, slipping toward $3,315 during early Asian trading on Wednesday as improving global risk sentiment and signs of easing trade tensions weigh on demand for the safe-haven asset. Market participants remain cautious ahead of key US economic data releases, including the ADP Employment Change, the Core PCE Price Index, and the preliminary Q1 GDP figures, all scheduled for later in the day.
Meanwhile, US President Donald Trump is reportedly aiming to reduce the overall impact of automotive tariffs by avoiding cumulative duties on foreign vehicles and loosening restrictions on imported parts used in domestic production. Treasury Secretary Scott Bessent added that major trade partners have made “very good” proposals to avert further US tariffs. Furthermore, exemptions on select US goods from retaliatory duties suggest a growing intent to de-escalate ongoing trade disputes.
⭐️Personal comments NOVA:
Gold price maintains accumulation range of 3265 - 3360, temporary stability awaits big fluctuations
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3368- 3370 SL 3375
TP1: $3350
TP2: $3340
TP3: $3330
🔥BUY GOLD zone: $3264 - $3262 SL $3257
TP1: $3280
TP2: $3300
TP3: $3318
🔥BUY GOLD zone: $3285 - $3283 SL $3280 scalping
TP1: $3290
TP2: $3295
TP3: $3300
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
#XAUUSD: 676+ Pips Since Our Last Entry! Comment Your Views! As we explained in our previous chart, the price will retouch 3270$ and then continue the bullish movement. The price did exactly that, with a 674+ increase from our last idea. It’s now on the way towards $3500 or beyond. Get ready for a big move on gold this week, but be extra cautious as the price can be volatile.
Good luck and trade safely!
Thank you for your unwavering support! 😊
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Gold depends on GDP numbersTechnical analysis: Gold naturally found Buyers as Buying pressure is evident on the charts from DX on Selling sequence. It is important to note that #3,300.80 is new / old Resistance, which was near Weekly High’s as Price-action could find strong rejection there and deny the Buying response in extension. If broken, Price-action will be calling for #3,327.80 extension once again which represents local Top's for current fractal. I will engage my orders accordingly and wait for suitable entry even though I have closed my order ahead of the final push above the Resistance. However, Gold re-tested and was again rejected on the Hourly 4 chart’s Support keeping the Bullish bias alive. The Engulfing candle Bearish reversal candle on Hourly 1 chart succeeded at rejecting the Price-action and catching already the #32% Fibonacci level. I expect the last Daily chart’s candle to test again the #3,272.80 former Resistance now turned to Support when DX finds the Support zone and engages relief rally.
My position: As mentioned above, Gold is ranging and Scalpers are getting most of the returns out of this Price-action. I will await GDP numbers and only then make my move.
XAU/USD: Weak Support and Potential Reversal in FocusKey Features of the Chart:
Volume Profile Analysis:
The highlighted volume profile on the left shows concentrated trading activity around the 1D POC (Point of Control) at $3,272.200. This suggests the POC is a critical pivot level for the market.
Support Insights:
The horizontal yellow line labeled "Weak Support Because It Has Been Hit So Many Times" at $3,272.200 indicates a crucial support level. However, repeated tests of this level may weaken it, making it susceptible to a breakdown.
Market Sentiment:
The blue arrow suggests a potential upward movement from the current price. This could indicate a bullish bias if buyers defend the support at $3,272.200.
Current Price Action:
The price seems to hover near the weak support, showcasing market indecision. Traders are likely waiting for a clearer breakout or bounce signal.
Trading Plan:
Bullish Case:
If buyers manage to defend the weak support at $3,272.200, a potential rebound could occur.
Traders might consider long positions targeting resistance areas near $3,300 or higher.
Use a stop-loss just below the $3,270 level to manage risks.
Bearish Case:
If the price breaks below the weak support of $3,272.200, expect a bearish continuation toward lower levels, such as $3,250 or $3,200.
Short positions could be considered here, with a stop-loss above the POC.
Closing Thoughts: This chart provides a clear focus on critical support and volume zones. Traders should monitor price action around the 1D POC and weak support level for reliable signals.
Remember: Consistency | Discipline | Perseverance are the keys to staying ahead.
XAUUSD: 30/4 Today’s Market Analysis and StrategyGold technical analysis
The resistance level of the four-hour chart is 3330, and the support level is 3260.
The resistance level of the one-hour chart is 3307, and the support level is 3275.
The resistance level of the 30-minute chart is 3300, and the support level is 3280.
The 4H cycle is a horizontal box operation. This week is a data week. The gold price is greatly affected by the news. Wait for the NFP data on Friday to break the box operation. Due to the recent market fluctuations, the entry position is very critical. For the time being, focus on the previous support of 3300 today. If the US market stands at 3300, it can be bullish to the 3320~3330 area. On the contrary, if it falls below the 4H and daily support of 3260 US dollars, it may touch the monthly support level of 3230~3200.
There are many news about the US market data today. Wait for the data to be released before trading! Avoid losses caused by increased liquidity during the news release.
Trading strategy:
Buy: 3265 SL:3260
Buy: 3300 SL:3295
Sell: 3330 SL:3335
Sell: 3260 SL:3265
Only provide trading direction, specific entry price, SL/TP need to wait for real-time liquidity confirmation
Gold Short: H&S and Wave 3 downOver here, I've labelled all the waves breakdown as well as drawing a tilted head-and-shoulders. I believe that we are going into a wave 3 (minute degree) that is supported by the formation of the right shoulder.
I expect the neckline to be broken which will then goes down to the first resistance provided by the lower blue trendline.
The next resistance in green will be our first TP target. This is where we can choose to reduce the position, or to adjust the stop loss down in order to ride the position. As the lower target cannot be seen without squeezing the chart and causing the waves breakdowns to be unclear, I will update again when that happens.
The stop loss is above the right shoulder.
Good luck!
XAUUSD correcting to its 4H MA200.Gold (XAUUSD) has been trading within a Bullish Megaphone pattern since the start of the year. Last week's rejection on its top (Higher Highs trend-line) has resulted into a break below the 4H MA50 (blue trend-line).
This has technically been the signal that started the previous 2 Bearish Legs, which both bottomed upon touching the 4H MA200 (orange trend-line) and once the 4H RSI got oversold below 30.00.
As a result, we expect more downside, targeting 3160.
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How to Regain Your Trading MOJOEvery trader, no matter how experienced, eventually hits a rough patch — a period where trades don’t work out, motivation fades, and confidence slips away.
If you feel like you've lost your trading mojo, you're not alone. The key is not to quit but to rebuild it methodically.
Here’s how to get your trading energy back on track:
1. Accept That Slumps Are Normal
First, realize that losing your mojo is part of the trading journey.
Even the best traders experience drawdowns — emotionally and financially.
Acknowledging that this phase is temporary immediately removes some of the pressure and guilt.
Self-acceptance is your first weapon.
2. Reduce Risk and Slow Down
When your confidence is low, lower your position size.
Trade smaller. Risk less.
You don’t need to stop trading completely — you need to stop damaging yourself further.
Think of it as “active recovery,” much like athletes training lightly after an injury.
3. Go Back to Basics
Strip your trading plan down to the essentials:
- Focus on one setup you trust.
- Use clear entry and exit rules.
- Avoid complicated strategies or "revenge trading."
Simplicity restores clarity, and clarity brings confidence.
4. Reframe Losses Mentally
Instead of seeing losses as failures, view them as fees for learning.
Ask yourself after each trade:
- "Was this trade according to my plan?"
- "Did I respect my stop loss?"
If yes, you are winning — even if the trade loses money.
Consistency in good decision-making rebuilds emotional momentum.
5. Visualize the Trader You Want to Be
Take 5 minutes each day to visualize yourself executing perfect trades:
- Calmly analyzing.
- Patiently waiting.
- Executing your plan without emotion.
Your brain needs new emotional associations with trading — not fear and anxiety, but calm and focus.
6. Set Tiny Wins
Don't chase the big win right away.
Set micro-goals like:
- "I will follow my stop loss rules today."
- "I will not overtrade today."
- "I will wait for my setup."
Achieving small wins daily rebuilds your trader identity brick by brick.
Final Thoughts :
Regaining your trading mojo is less about finding a "magic moment" and more about stacking good habits and resetting your mind.
You don't need a new system, a new market, or a lucky break.
You need to reconnect with the disciplined, focused trader within you.
Stay patient, stay structured, and remember — your mojo isn’t lost forever. It’s just waiting for you to catch up. 🚀
Gold Trade plan 29/04/2025Dear Traders,
Gold is still ranging within a triangle pattern. I believe that, considering the dollar index is at a bottom and there’s a potential for a 300-pip rise, gold may come under selling pressure. That said, as long as the price remains inside the triangle, it’s better to stay on the sidelines and wait to see which side the triangle breaks. If there’s an upward breakout, I consider the 3380–3400 area a suitable zone for selling.
if you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza
Gold Rally Continues (Bullish)XAUUSD (GOLD) 4H chart breaking out from Wave (4) with a clean Elliott Wave structure
Targeting the 3,480+ zone for Wave (5) — Fibonacci + EMA confluence + breakout confirmation all lining up!
Entry zone was right near the 0.5–0.618 fib sweet spot 🟦
Now we ride the wave
Current trade idea: Long bias
🎯 Target: $3,480
🛑 Risk: Below $3,166
🔍 Strategy: Wave theory + EMA trend confirmation + structure break
Let me know if you're in this move too — and drop a 🔥 if you caught the setup!
Next Move PossibleAs of April 29, 2025, the XAU/USD (gold) market remains highly volatile, influenced by geopolitical tensions, economic uncertainty, and central bank policies. Here’s an overview of the current outlook and potential next moves for gold prices:
📈 Current Market Overview
• Record Highs: Gold prices recently reached a record high of nearly $3,500 per ounce, driven by concerns over U.S.-China trade tensions, inflation, and geopolitical instability. 
• Recent Pullback: Following the peak, gold experienced a slight retreat, trading around $3,350 per ounce. This pullback is attributed to easing trade tensions and reassurances from U.S. President Trump regarding Federal Reserve Chair Jerome Powell. 
🔮 Forecast and Key Levels
• Short-Term Support Levels: Analysts have identified key support levels at $3,145, $2,955, and $2,790, based on historical highs and Fibonacci retracement levels. 
• Resistance and Profit-Taking: The $3,500 region is seen as a potential profit-taking point if gold mounts a recovery. 
• Long-Term Outlook: JP Morgan forecasts that gold prices will surpass $4,000 per ounce by Q2 2026, driven by heightened recession risks amid escalating U.S. tariffs and a prolonged U.S.-China trade conflict. Goldman Sachs also revised its 2025 year-end gold price forecast to $3,700/oz, noting that in extreme scenarios, gold could approach $4,500/oz. 
⚠️ Risks and Considerations
• Potential Decline: Morningstar analyst Jon Mills predicts a 38% decline in gold prices over the next five years, potentially falling to $1,820 per ounce, due to increased gold production and waning interest from central banks and investors. 
• Market Volatility: Gold’s status as a safe-haven asset makes it susceptible to sharp price swings in response to economic data releases, central bank decisions, and geopolitical developments.
For more updates follow my profile and share your thoughts.
GOLD: Remains Bullish With Low MomentumGOLD: Remains Bullish With Low Momentum
In today's video, I discussed potential price movements for gold in the coming days. While the overall trend remains bullish, uncertainty is still present.
Be careful, the direction of gold is still unclear despite the strong upward momentum.
Volume is very low as the precious metal has been stuck in a range-bound trading zone so far.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Will Gold Reject This Important Resistance?Hey Traders, in today's trading session we are monitoring Gold for a selling opportunity around 3,355 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 3,355 support and resistance area.
Trade safe, Joe.