It seems calm, but there are actually undercurrents!Today, the monthly, weekly and daily lines closed simultaneously. At the same time, the PCE data will be released during the US trading session, and the market volatility may intensify.
From a technical point of view, 3285 is also the key to long and short today. If gold does not break 3285 today, the strength of gold bulls is expected to continue, and there is still room for gold to move upward. If gold continues to fall and falls below 3285, then gold may begin to fluctuate in a large range. The upper resistance is in the 3320-3330 area, and the focus is on the 3335-3340 line of suppression. Pay attention to the 3290-3285 line of support below, and the key position below is in the 3280 area. If it breaks below the 3280 area during the day, the market is expected to fall again to the 3265-3250-3240 area.
GOLDCFD trade ideas
can Gold make new LL??as it seems a quite bearish trend, the metal has just marked its 3rd LH, so the main thing is that will it continue its bearish trend and if it does that traders should add short positions and for that I have also opened short position although decent RR can be achieved on shorter TFs. The next possible LL has been calculated by the avg of last two
GOLD (XAUUSD): Detailed Daily Time Frame Analysis
Gold is officially in correction now.
Analysing a price action on a daily time frame,
we can see a valid bullish flag pattern.
A minor trend that we see within the boundaries of the flag
reflects a global overbought state of the market.
The upper boundary of the flag is a strong vertical resistance
that concentrates a selling interest.
An accurate signal of a resumption of a bullish trend will be
a breakout and a candle close above that.
A bullish wave will be expected at least to 3420 then.
Remember that we can not predict how long the market will
keep trading within the flag. Also, the market may easily
drop lower within that, updating the low.
If a correction continues below the low of a flag pole,
that may signify a global bearish reversal.
Of course, from a current geopolitical and economic perspective
it is a low-probability scenario.
❤️Please, support my work with like, thank you!❤️
Identifying and understanding FVGsGold has absorbed liquidity over the past two days, and there was high volume on the previous day. I expect a 'seek and destroy' move today. If that doesn't happen, the market is still in a 4-hour bullish Fair Value Gap (FVG). The market should move upward from here, potentially reaching the Daily High (DH). If this doesn't occur, then 'seek and destroy' is expected. Do your own research; this is not financial advice.
Detailed Explanation:
Liquidity Absorption: Over the past two days, gold has been consolidating, absorbing liquidity. This means that the market has been gathering orders, setting the stage for a significant price move.
High Volume on Previous Day: The previous day's high trading volume indicates strong market interest and participation, often preceding a substantial price movement.
'Seek and Destroy' Expectation: This term refers to a market behavior where price moves to eliminate stop-loss orders, often leading to a sharp price movement. Traders anticipate this to capture liquidity before a significant move.
4-Hour Bullish Fair Value Gap (FVG): A Fair Value Gap is an area on a price chart that represents an imbalance in the market caused by rapid price movements. A bullish FVG on the 4-hour chart suggests that the market has moved quickly upwards, leaving behind unfilled orders. Traders often expect the price to return to this gap, providing an opportunity to enter trades in the direction of the prevailing trend.
Daily High (DH) Target: The Daily High represents the highest price level reached during the current trading day. Traders often monitor this level as a potential target for price movement.
'Seek and Destroy' Revisited: If the anticipated price movement does not occur, traders may look for a 'seek and destroy' scenario, where the market moves to eliminate stop-loss orders, potentially leading to a sharp price movement.
Disclaimer: The statement advises conducting your own research and clarifies that the information provided is not financial advice.
Trading Strategy!
Liquidity Absorption: Recognizing periods of consolidation and liquidity absorption can help traders anticipate potential breakout points.
Volume Analysis: Monitoring trading volume can provide insights into market interest and potential price movements.
Fair Value Gap (FVG) Trading: Identifying and understanding FVGs can offer opportunities for entering trades in the direction of the prevailing trend.
Risk Management: Always conduct your own research and consider seeking advice from financial professionals before making trading decisions.
DYOR!
GOLD Will Go Up! Long!
Take a look at our analysis for GOLD.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 3,295.78.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 3,310.58 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
XAUUSD 15M – Compression Before Expansion?🚨 XAUUSD 15M – Compression Before Expansion?
Gold is forming a bullish wedge near the PDL (Previous Day Low) and has tapped into the 0.5–0.618 Fib retracement zone, aligning with a recent demand area and volume support. Price is coiling, suggesting a potential breakout move.
🔎 Key Technical Confluences:
Retested Recent Broken Resistance Zone near 3280–3285 (now acting as demand)
Price forming a bullish pennant right at the equilibrium zone
Fibonacci 0.5/0.618 (support) + Volume POC at 3297 area
OP (Order Point) marked as key bullish breakout zone → target PDH at 3331
📌 Scenarios:
✅ Bullish Case: Clean break above 3297–3300 could send price toward 3315 and PDH (3331)
⚠️ Bearish Rejection: Failure at OP and breakdown below PDL (~3290) may lead to retest of the deeper demand zone (3250–3260)
🕵️♂️ Faith Driven Note:
Let NY session decide. If liquidity is engineered under PDL and no real breakdown happens, reversal toward PDH is on the table.
📍Bias: Neutral-to-Bullish
🔔 Eyes on: London Close to NY Open for true direction
Gold XAUUSD Move 29 May 2025Price Action: The price recently approached the 3,320-3,325 resistance zone (highlighted by horizontal lines) and rejected it, forming a bearish candlestick pattern (e.g., shooting star / doji). This suggests strong selling pressure at this level.
Trendline: The trendline from the recent high shows a potential double top or head-and-shoulders pattern, reinforcing the likelihood of a reversal.
Support Levels: Immediate support lies around 3290/80 (previous consolidation zone).
Volume (implied): A spike in selling volume at 3,320-3,325 could confirm the rejection.
Analysis: The rejection at 3,320-3,325, combined with the trendline break, indicates a potential sell-off. The market may be shifting from bullish to bearish momentum, especially if the price closes below the recent low.
Signal: Sell at 3,320-3,325 if the price rejects again with a bearish candle confirmation. Target 3,200-3,250, stop loss above 3,335.
XAU/USD (Gold) – 15M Price Action Insight📊 XAU/USD (Gold) – 15M Price Action Insight
🕒 Date: May 30, 2025
💰 Current Price: 3,292.03
🔴 Supply Zones (Resistance):
🔺 3318–3322 – Key bearish breaker block. Price reacted strongly and dropped. Watch for any revisit or liquidity sweep into this zone.
🔺 Intermediate Zone (near 3300s) – Minor reaction seen; low-volume rejection zone.
🟢 Demand Zones (Support):
🟩 3276–3279.9 – Strong bullish OB zone. Price bounced cleanly from here, showing intent to protect this area.
🟩 Mid-level support zone – Currently reacting. Potential short-term base building area. Watch for bullish confirmation (e.g., CHoCH, BOS).
📉 Scenario 1 – Bullish Rejection:
If 3276–3279.9 holds firm and BOS is confirmed, price can aim to revisit 3300 and possibly 3318–3322 again.
🎯 Targets: 3300 ➡️ 3318
📈 Scenario 2 – Bearish Break:
If 3276 breaks, expect deeper correction or stop hunt before reversal. Look for next imbalance below or higher timeframe zone.
⚠️ Pro Tips (Smart Money Concepts):
🔹 Wait for structure shift (BOS or CHoCH) before entering.
🔹 Watch for liquidity grabs around key zones – fakeouts are common.
🔹 Volume shows sellers dominant for the day (-63.5%), so wait for strong buy-side confirmation.
#XAUUSD #GoldScalping #SmartMoneyConcepts #SupplyAndDemand #FXFOREVER #GoldAnalysis #PriceAction #LiquidityGrab #CHoCH #BreakOfStructure #ForexTrader #TradingSetup #Scalping #VolumeAnalysis #FXSignals
GOLD eases, fundamental support and technical momentumOANDA:XAUUSD fell in early Asian trading on May 30 after Thursday's gains, although it still had room to rise as weak US initial jobless claims data weighed on the US dollar and Trump's tariffs faced more uncertainty.
Gold recovered from a weekly low of $3,245 an ounce on Thursday to break above the $3,300 an ounce mark as weak US initial jobless claims data weighed on the US dollar.
As of press time, gold had fallen below the full price of $3,300, down $23 on the day and around 0.69% .
The number of Americans filing new claims for unemployment benefits rose more than expected last week, adding to pressure on the Federal Reserve to consider cutting interest rates.
Data released on Thursday showed the number of Americans filing new claims for unemployment benefits rose last week, exceeding market expectations. The data showed initial jobless claims in the United States rose by 14,000 to 240,000 in the week ended May 24, compared with estimates of 230,000.
According to the minutes of the Federal Reserve's May 6-7 meeting, policymakers acknowledged that they could face "difficult trade-offs" in the coming months, as both inflation and unemployment rise, raising the risk of a recession. Since gold does not yield interest, it typically performs well in low-interest-rate environments.
Trump Tariff Ruling Overturned
A U.S. trade court ruled on Wednesday that the president lacked the authority to impose tariffs, blocking most of Trump's tariffs, but on Thursday a federal appeals court agreed to the Trump administration's request to suspend the court's ruling.
The U.S. government's request for an immediate administrative stay was granted, and the rulings and permanent injunctions issued by the U.S. Court of International Trade in these cases will be temporarily suspended until further notice while the court reviews the relevant motion documents, the Court of Appeals for the Federal Circuit said in its ruling.
Investors will focus on the US personal consumption expenditure (PCE) price index, the Federal Reserve's preferred inflation gauge, on Friday. Gold is seen as a hedge against inflation during times of economic uncertainty, and higher-than-expected PCE data would benefit the US dollar and reduce the appeal of gold, leading to a possible decline in prices. The opposite effect would be seen if PCE data were lower than expected, which would increase the likelihood of an early rate cut by the Fed, leading to a depreciation of the dollar and gold benefiting from expectations of a low-interest rate environment.
Technical outlook for OANDA:XAUUSD
On the daily chart, gold is down but currently the downside momentum has been limited by the initial support area which is the confluence of EMA21 with Fibonacci retracement 0.382%, this support area has been noted by readers in the publications since the beginning of this trading week.
Temporarily, gold does not have enough technical conditions to be able to increase in price in the short term, because it is still under pressure from the price channel. However, in terms of the overall and long-term trend, gold still has a main trend of increasing price, a trend noted by the price channel.
In terms of momentum, the Relative Strength Index (RSI) is still holding above 50, with the current RSI position at 50 being considered as the nearest support in terms of momentum.
A sustained price action above the 3,300ISD price point would be considered a positive signal, while a break above the channel would qualify the bulls for a short-term target of 3,371USD.
For the day, the technical outlook for gold is bullish and the key points to watch are listed below.
Support: 3,292USD – 3,250USD
Resistance: 3,371USD
SELL XAUUSD PRICE 3342 - 3340⚡️
↠↠ Stop Loss 3346
→Take Profit 1 3334
↨
→Take Profit 2 3328
BUY XAUUSD PRICE 3203 - 3205⚡️
↠↠ Stop Loss 3199
→Take Profit 1 3211
↨
→Take Profit 2 3217
Gold strategy today, I hope it will be helpful to youFrom a long-term perspective, the trend of global central banks continuously increasing their gold holdings has not changed, providing a solid foundation for gold prices. Additionally, there remains significant uncertainty regarding the future direction of the Federal Reserve's monetary policy. If subsequent economic data underperforms, the Fed may potentially restart accommodative monetary policies, such as interest rate cuts or expanding asset purchase programs. In the event of such a scenario, the U.S. dollar would depreciate due to increased money supply, and gold prices denominated in U.S. dollars would rise accordingly. Going long within the key support zone of 3275-3285 allows for advance positioning to await the fermentation of these potential positive factors that could drive price increases.
Gold strategy today, I hope it will be helpful to you
XAUUSD BUY@3275~3285
SL3265
TP1:3300~3310
XAUUSD 15MThanks for the second chart. Here's a breakdown of what this image shows:
---
📉 Chart Summary:
Instrument: Gold Spot (XAU/USD)
Broker/Exchange: OANDA
Timeframe: 15-minute chart
Current Price: ~3,293.970 USD
---
🧠 Trade Setup Analysis:
Entry Point:
Clearly marked near 3,300.000 USD
Indicates a short (sell) trade taken at a resistance level after price bounced up and started declining.
Target:
Labeled as “Target Successful”
Appears to be around the 3,255.000 – 3,260.000 USD zone.
Suggests the short trade reached its take-profit level successfully.
Trade Direction:
This is a bearish setup.
Arrows show the expectation of price dropping from the resistance back down to the target zone.
Price Action Confirmation:
Before the entry, we see a reversal pattern from the high.
The drop afterward confirmed the setup was effective.
---
✅ Summary:
This chart demonstrates a clean resistance-based sell trade on XAU/USD that hit its take-profit (TP) target. The purple arrow highlights the price movement downward, reinforcing the visual confirmation of a successful short trade execution.
---
Would you like a comparison between this gold trade setup and the Bitcoin one you previously shared (e.g., risk/reward, timing, effectiveness)?
Tariff policy reversed again? Be careful on Friday.Yesterday, Trump and the US Trade Court ruled that the US International Trade Court had stopped the tariff policy. Gold once fell to a low of 3245, while the US dollar rushed all the way to a high of 100.5. Then it reversed, and gold began to rectify and rise. As of now, it has once touched a high of 3330, close to a rebound of $85.
Today, it reversed again. The US Court of Appeals allowed Trump's tariff policy to continue to take effect temporarily. And impose tariffs on most areas of the global economy, including allowing tariffs of up to 15% within 150 days to address trade imbalances with other countries. Compared with the tariff policy that was deemed illegal this week, this step is more legally defensible.
Looking at the current gold, it is likely that gold will fall sharply today. After gold fell yesterday, everyone wanted to short gold, but gold rebounded all the way.
So, today, Friday, is an opportunity for short-selling strategies. The short positions have been eliminated, so gold has every reason to fall, and it will fall sharply.
Once it falls below 3280 in the downward trend, it will test the low point of yesterday near 3250. If it breaks through 3250 again, it will go directly to the low point near 3200. The current short-selling strategy has little to do with technical analysis, it is completely a test of human nature.