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Gold Price Analysis March 6Gold price today will trade in the range of 2928-2900. There will not be enough catalyst for gold to break through this range, at least wait until Nonfarm. When breaking the range of 2929 and 2895, it will confirm a new trend of Gold. The 2915 area until the end of the Asian session cannot be broken, it can push the price up to 2922 - 2928 or if broken, pay attention to the 2912 area for a BUY signal and resistance. Today around 2900 when breaking 2912-2915 and retesting those resistance areas.
OANDA:XAUUSD
by TVS-Trader
Closing my Selling order with ProfitAs discussed throughout my Friday's session commentary: "My position: My Selling order has been closed automatically (#2,892.80 - #2,872.80) with Take Profit hit and left me without any orders. As Gold delivered decline in continuation throughout Asian session, I have missed #2,872.80 - #2,852.80 benchmark extension (currently #3-Week Low's test) however I don't mind since my returns for current weeks are excellent. I have stated potential of #2,892.80 - #2,900.80 Support now turned to Resistance zone, as long as it preserves Selling bias and reverses each Bullish reversal, Price-action within or below is Bearish. Keep in mind that as long as we Trade below the mentioned zone, #2,852.80 benchmark break-out has more chances to be delivered rather than #2,900.80 benchmark. Keep Selling every High's on Gold with #2,900.80 Top's however if #2,852.80 benchmark gives away, #2,827.80 is next contact point to monitor." I have closed my Selling order (#2,852.80 - #2,835.80) throughout Friday's session delivering fine #17-point Profit, extending my results range to #142 Profits and #24 Stop-hits regarding December #2023 - March #2025. Quick update: Gold is Trading within Neutral waters and it is question now which side will prevail. I am in excellent position currently, Highly satisfied with my Profits without urge to Risk more on ranging market. Either #2,892.80 - #2,900.80 gets tested, or #2,852.80 benchmark. If Resistance zone rejects the Price-action, I will Sell Gold there on spot Targeting #2,852.80 benchmark once again. If however #2,900.80 gets invalidated, Short-term Bullish bias is restored.
OANDA:XAUUSDLong
by goldenBear88
XAU/USD Weekly Outlook: Potential Pullback or Breakout?XAU/USD Weekly Chart Analysis 🏆📉📈 1️⃣ Current Price: $2,919.35 2️⃣ Key Observations: Distribution on H4: Potential sign of a short-term reversal. 📉 Divergence: Suggests weakening momentum at the highs, increasing the probability of a pullback. ⚠️ Multiple Unfilled Mitigation Blocks (MB): Areas of interest where price may retrace for liquidity grabs. 🧐 Fair Volume Ranges: Notable levels around $2,700 - $2,500, where price might stabilize if a correction occurs. 🔄 3️⃣ Potential Scenarios: If price breaks down from the H4 distribution, expect a retracement toward the nearest MB unfilled levels (~$2,700). If bulls hold momentum, breaking above current resistance (~$3,000) could push prices into price discovery. 🚀 💡 Conclusion: Watch for price action around the unfilled MBs and fair volume ranges. A correction seems likely unless buyers step in aggressively. 🔥 Trade Wisely & Manage Risk! 🔥
OANDA:XAUUSDShort
by MrStellanSight
Gold XAUUSD Price AnalysisGold (XAU/USD) has encountered a strong resistance zone between 2921 and 2924, leading to a rejection at this level. This area has proven to be a significant hurdle for buyers, indicating strong selling pressure. As a result, we may see a potential downside move unless gold manages to break above this resistance convincingly. Key Levels and Market Outlook: Bearish Scenario: If the rejection holds, gold could move lower towards its immediate support levels. The first downside target is 2906, which acts as a minor support. If selling pressure continues and gold breaks below 2906, the next target is 2892, a stronger support level where buyers might step in. Bullish Breakout Possibility: If gold breaks above the 2924 resistance level, the next resistance to watch is at 2930. A break above 2930 would indicate strong bullish momentum, potentially leading to a further rally in gold prices. Market Sentiment and Trading Plan: A bearish bias is favored as long as gold remains below 2924 and continues rejecting this level. A bullish breakout scenario will be confirmed only if gold surpasses 2930, leading to a continuation of the uptrend.
OANDA:XAUUSDShort
by Pipsview_Analysis
Gold bounces back and recovers after sharp fallIn today's short-term operation of gold, it is recommended to focus on short-selling on rebounds, supplemented by long-selling on callbacks. In the short-term at the top, focus on the first-line resistance of 2930-2940, and in the short-term at the bottom, focus on the first-line support of 2888-2890. Short position strategy: Strategy 1: Short 20% of the position in batches near 2928-2930 in the early trading of gold, stop loss 8 points, target near 2910-2900, break to see 2890 line; Long position strategy: Strategy 2: Buy 20% of the position in batches near 2890-2892 when gold falls back, stop loss 8 points, target near 2900-2910, break to see 2920 line;
PYTH:XAUUSDLong
by x7p2x7p2
1
GOLD TRADING POINT UPDATE >READ THE CHATPIAN Buddy'S dear friend 👋 SMC Trading Signals Update 🗾🗺️ Gold Traders SMC-Trading Point update you on New technical analysis setup for Gold traders SMC trading point ☝️ list time post signals 🚀 Hit sucksfully My target point 2920 ) Now Gold rejected point below 👇 supply zone 2892- 2875 FVG level up trand My target 🎯 point 2961 long Trade 🤝. First take short trend 📈 And buying it) Key Resistance level 2915 + 2920 + 2956+ 2961 Key Support level 2892 - 2875 Mr SMC Trading point Pales support boost 🚀 analysis follow)
FXOPEN:XAUUSDLong
by SMC-Trading-Point
Elliott Wave View: Gold (XAUUSD) Turning Higher from Blue BoxShort Term Elliott Wave View in Gold (XAUUSD) suggests that cycle from 12.18.2024 low is in progress as a 5 waves impulse. Up from 12.18.2024 low, wave 1 ended at 2956.15 as the 1 hour chart below shows. Pullback in wave 2 unfolded as a double three Elliott Wave structure. Down from wave 1, wave (a) ended at 2923.8 and wave (b) ended at 2944.93. Wave (c) lower ended at 2888.09 which completed wave ((w)) in higher degree. Rally in wave ((x)) ended at 2930.11 and the metal has resumed lower. Down from wave ((x)), wave (a) ended at 2867.57 and rally in wave (b) ended at 2887.68. Final leg wave (c) lower ended at 2832.37 which completed wave ((y)) of 2. The metal has turned higher in wave 3. Up from wave 2, wave (i) ended at 2876.9 and wave (ii) ended at 2858.74. Wave (iii) higher ended at 2893.07 and pullback in wave (iv) ended at 2878.11. Expect wave (v) of ((i)) to end soon, then it should pullback in wave ((ii)) to correct cycle from 2.28.2025 low before it resumes higher. Near term, as far as pivot at 2832.3 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.
FX_IDC:XAUUSD
by Elliottwave-Forecast
GOLD fluctuates strongly, affected by ADP and Trump's policiesOANDA:XAUUSD Spot trading fluctuated strongly due to the impact of US jobs data and news of Trump's tariffs. ADP's national jobs report, also known as the "small nonfarm" report, showed that private-sector job growth in the United States slowed in February, with just 77,000 jobs created, well below the expected 140,000 jobs. "Policy uncertainty and slowing consumer spending may have contributed to a slowdown in layoffs or hiring last month." ADP chief economist Nela Richardson said in a statement. "Our data, combined with other recent indicators, shows that employers are hesitant to hire as they assess the future economic environment." After the ADP data was released, the US Dollar index fell sharply, and spot gold prices recovered strongly from the lowest level in Wednesday's trading session of 2,894.27 USD/ounce. As of the time this article was completed, spot gold was trading at 2,923USD/oz, an increase equivalent to 0.15% on the day. WASHINGTON (Reuters) - U.S. President Donald Trump will waive tariffs on Mexico and Canada for one month for automakers, responding to calls from industry leaders, the White House said on Wednesday. "We will give a one-month exemption to any imported cars that come in through USMCA," White House press secretary Karoline Leavitt said. "The tariffs will still be in effect on April 2, but at the request of the USMCA companies, the president will give them a one-month exemption so they are not financially disadvantaged." According to Bloomberg, US President Trump is considering reducing tariffs on some agricultural products from Canada and Mexico. On Wednesday local time, US Secretary of Agriculture Brooke Rollins said "everything is on the table" and hoped the government would decide to provide relief to the agricultural sector. Specific waivers and exceptions for the agriculture industry, which could include potash and fertilizers, have not yet been determined, Rollins said at the White House. “We believe that the President (Trump) cares very much about these communities,” Rollins said at the White House. On the geopolitical front, aides to Ukrainian President Volodymyr Zelensky discussed steps toward peace with the U.S. national security adviser, and Ukraine and the United States agreed to meet soon. The cooling geopolitical situation in Ukraine can be seen as a pressure on gold prices in the short term. Analysis of technical prospects for OANDA:XAUUSD Concerns about Trump's tariffs have pushed safe-haven gold prices to an all-time high 11 times this year, peaking at $2,956 an ounce on February 24 and rising 11% this year. On the daily chart, gold is currently trading with a newly formed price channel, and the next notable target level at $2,942 is more of an all-time high. However, in terms of momentum, it is facing some obstacles due to the 61 level of the RSI Relative Strength Index. If RSI breaks above this level, this will be a positive signal for price momentum. Even if gold falls below the price channel, it still has a bullish outlook, the current declines should still only be seen as a short-term correction or a buying opportunity. Some notable locations of the day will be listed as follows. Support: 2,900 – 2,880USD Resistance: 2,942 – 2,956USD SELL XAUUSD PRICE 2943 - 2941⚡️ ↠↠ Stoploss 2947 →Take Profit 1 2935 ↨ →Take Profit 2 2929 BUY XAUUSD PRICE 2877 - 2879⚡️ ↠↠ Stoploss 2873 →Take Profit 1 2885 ↨ →Take Profit 2 2891
OANDA:XAUUSDLong
by Xayah_trading
GOLD suffered a fierce sell-off, the US Dollar was strongerOANDA:XAUUSD Continuing to endure a fierce sell-off fueled by market profit-taking and a stronger US dollar, the US Dollar Index rose to a 10-day high on Friday of 107.66 amid concerns about US trade policy and data that raised fears of a recession. US President Trump confirmed 25% tariffs will be imposed on Mexican and Canadian products next week, March 4. This increases market uncertainty. Canadian Prime Minister Trudeau said Canada does not want to get into a trade war with the United States, but if the United States imposes tariffs on Canadian goods on March 4, Canada "will immediately have an extremely strong response." Bloomberg said currency traders bought the dollar after US President Trump confirmed he would impose 25% tariffs on Canada and Mexico next week. On Friday, the Atlanta Federal Reserve's GDPNow model predicted that U.S. GDP growth in the first quarter of 2025 would be -1.5%, compared with a previous forecast of 2.3%. The US Dollar was boosted after the data was released due to concerns about an economic recession. OANDA:XAUUSD fell to lows in early New York trading on Friday as Wall Street's major indexes opened weak as investors remained cautious about the potential for price pressure from President Trump's policies. As US PCE inflation data was in line with expectations, the data suggested the Federal Reserve may be more cautious in cutting interest rates, which helped the dollar remain at a two-week high. The US core personal consumption expenditures (PCE) price index rose 0.3% month-on-month and 2.6% year-on-year in January, in line with expectations. The overall PCE price index in the United States increased 0.3% month-on-month and 2.5% year-over-year in January, also in line with expectations. However, “personally” believes that PCE data does not significantly change Fed price expectations, so it essentially has a small impact on gold prices. Spot gold prices fell 2.7% in the past trading week, the largest weekly decline since November last year. Next, the Non-Farm Payroll (NFP), (ADP) and Consumer Price Index (CPI) reports will become important market data. If inflation data rises too high, it could trigger a sharp sell-off in gold, and the opposite effect if slowing inflation data stimulates market bets on the Fed's ability to cut interest rates. Of course, further analysis of the above data will be sent to readers in daily publications. Economic data to watch next week Monday: Euro Flash CPI Estimates, US ISM Manufacturing PMI Wednesday: ADP jobs report; ISM US Services PMI Thursday: European Central Bank Monetary Policy Decision, US Weekly Jobless Claims Friday: US nonfarm payrolls. Analysis of technical prospects for OANDA:XAUUSD In addition, investors will also pay attention to the European Central Bank's (ECB) monetary policy decision, which could have an impact on gold prices next week. The ECB is expected to cut interest rates again next week, which could partially support the USD, thereby negatively impacting gold prices next week. With its current position, gold does not have enough conditions to continue falling in price as long as gold maintains price activity above 2,835 USD and Fibonacci retracement of 0.382%, along with the Relative Strength Index above 50. On the other hand, a confirmation signal for gold price to end the downward correction cycle is price activity returning to the price channel. However, traders also need to be careful as a new bearish cycle will open up once RSI goes below 50, the price chart is sold below 2,814 USD, so protective positions should be placed behind 2,814 USD. In the short term, gold is still in a downward correction cycle and the notable points will be listed as follows. As for "personally", I continue to defend the view that declines are only short-term corrections and not a sustainable trend, declines can also be considered an opportunity to buy. Support: 2,835 – 2,814USD Resistance: 2,868 – 2,900USD SELL XAUUSD PRICE 2896 - 2894⚡️ ↠↠ Stoploss 2900 →Take Profit 1 2888 ↨ →Take Profit 2 2882 BUY XAUUSD PRICE 2819 - 2821⚡️ ↠↠ Stoploss 2815 →Take Profit 1 2827 ↨ →Take Profit 2 2833
OANDA:XAUUSDLong
by Xayah_trading
1
XAUUSD: Riding the Trade War Wave: Will We See New Highs?Hey Realistic Traders, Will OANDA:XAUUSD See New All-Time High Soon? Let's dive into the analysis... Analyzing XAUUSD price movements using Elliott Wave Theory suggests a possible significant upside in Wave 5. Wave 3 previously didn't go beyond the 1.618 Fibonacci extension, classifying it as a normal wave. Wave 4 then retraced to around the 0.618 Fibonacci level, forming a bullish descending broadening wedge pattern. The breakout from this descending broadening wedge on the 1-hour chart, combined with a golden cross in the MACD indicator, indicates the potential start of Wave 5. Since Wave 5 is expected to be extended, its movement might be greater than Wave 3. However, we conservatively expect the extended Wave 5 to reach a maximum of the 0.786 Fibonacci level. Based on these technical indicators, the price is projected to rise towards the target of 2950, and possibly the second target at 2969, as long as it stays above the critical stop loss level of 2900. Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below. "Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold".
OANDA:XAUUSDLong
by financialfreedomgoals101
2
XAUUSD: 6/3 Today's Market Analysis and StrategyGold technical analysis Daily chart resistance 2957, support below 2892 Four-hour chart resistance 2930, support below 2887 One-hour chart resistance 2930, support below 2912 Gold news analysis: As the US tariffs on many countries continue to take effect, and more tariff plans for Europe and other countries are about to be implemented, gold's position as a safe-haven asset remains solid. Earlier this week, US President Trump imposed a 25% tariff on Canada and Mexico. However, to the surprise of the market, US Commerce Secretary Howard Lutnick hinted that some tariff relief may be provided to the two US neighbors. According to Bloomberg, Lutnick said in an interview with Fox Business Channel that there may be a way to reduce some tariffs. This news may put some pressure on the upward trend of gold prices in the short term. As tensions in the physical market ease, the extreme dislocation of gold prices is fading, indicating that the craze for shipping gold to the United States may have peaked. This change in supply and demand dynamics may also have an impact on the recent trend of gold prices. US Treasury yields have rebounded slightly, although there is still a long way to recover. The change of yield rate usually shows an opposite relationship with the gold price, which is also one of the factors that the market pays attention to. Gold operation suggestion: Yesterday, gold experienced a wide range of long and short fluctuations in the volatile trading. The price rebounded slightly in the Asian and European sessions. The European session was suppressed below 2922 and fell back and fell. The US session accelerated downward and broke through the 2900 integer mark to reach 2894 and stabilized and began to rebound. Finally, it broke through the 2929 mark and began to fall and consolidate. The overall gold price formed a wide range of long and short fluctuations around the 2894-2929 mark. From the current trend analysis, today's lower support continues to focus on the one-hour level 2912 first-line support and the daily level support 2892. The upper pressure focuses on the vicinity of 2930. Continue to rely on this range to participate in high selling and low buying during the day, and wait patiently for key points to enter the market. Buy: 2892near. SL:2887 (can be entered repeatedly) Buy: 2900near. SL:2895 (can be entered repeatedly) Buy:2912near. SL:2908 Sell:2930near. SL:2935
TVC:GOLD
by ActuaryJ
Hanzo l Gold Structure Shatters - Key Break Confirms the Path🆚 Gold – The Way of the Silent Blade ⭐️ We do not predict—we calculate. We do not react—we execute. Patience is our shield. Precision is our sword. 🩸 market is a battlefield where hesitation means death. The untrained fall into traps, chasing shadows, believing in illusions. But we are not the crowd. We follow no signal but the one left behind by Smart Money. Their footprints are our way forward. 🩸 Bullish Structure Shatters - Key Break Confirms the Path – 2923 Zone reasons Liquidity Swwep liquidity / choch key level / multi retest before weekly / monthly zone 🩸 Bearish Structure Shatters Key Break Confirms the Path – 2894Zone our reversal always at key level even a reversal area is well studded 🔻 This is the threshold where the tides shift. If price pierces this level with authority, it is no accident—it is designed. The liquidity pool above has been set, and the institutions will claim their prize. Volume must confirm the strike. A clean break, a strong push, and the path is set. Watch the volume. Watch the momentum. Strike without doubt
TVC:GOLD
by Path_Of_Hanzo
Gold awaits NFP numbersMy position: This morning I engaged #2,900.80 entry point Buying order with wide Stop and re-Bought Gold once again with #2,892.80 entry point. I have closed second Buying order on #2,900.80 delivering #8-point Profit and kept second Buying order. I will keep Buying every dip on Gold and as many Sellers contacted me recently I repeat / do not expect more serious decline on Gold as long as DX is Trading on such disappointing numbers. I will keep Buying Gold on every dip expecting excellent returns / Profits to continue. Technical analysis: So far so good as all of my Bullish Targets are concluded near #2,922.80 Weekly High's as expected. Oversold DX prevailed throughout all Trading Week followed by a strong Bullish reversal in form of Buying candlestick formation that Priced in a Bottom with #2,890.80 - #2,892.80 as new-old Support zone, on a Hourly 4 chart’s Three White Soldiers candle extension. Despite this, both Hourly 1 and Hourly 4 chart on DX were completely Oversold, and current sequence on Gold was Natural response to such Technical development. No Moving Average still supports Selling bias on any chart, however this is typical Price-action behavior near Daily chart’s local Bottoms or Top’s. Reversals are not evident and remember that the #2,888.80 - #2,892.80 is a heavy downside Support zone. For now, expected, no signs of Bearish reversal as I highlighted many times on my previous analysis that as long as DX is Trading on such disappointing numbers, there will be no serious reversal to the downside on Gold. My position: Sole factor which can reverse Intra-day trend to Bearish is NFP announced later on throughout the session. I do however expect upside surprise on NFP where I might re-Sell Gold as Higher as I can ahead of the announcement testing #2,900.80 benchmark or Support zone below, however regardless NFP or not I do expect to continue Medium-term Bullish trend on the aftermath of the event (early next week). Trade accordingly.
TVC:GOLDShort
by goldenBear88
3.6 Analysis of gold market trends Gold technical analysis: Yesterday's market review: Gold fluctuated in a large range yesterday. It opened at 2918 in the Asian morning session and then fell back to 2901, and then quickly rose to 2922. During the US trading session, it fell back to 2894 again. Stimulated by technical support and fundamental positive factors, it quickly rebounded to 2930 and finally closed at 2918, forming a morning star pattern with a very long lower shadow. Interpretation of daily line patterns: The morning star pattern usually indicates that the market may reverse, but combined with the trend of silver, gold may continue to rise today, and it is recommended to focus on high shocks in operation. If it effectively breaks through the resistance of 2930, gold may further test 2936, 2945 or even near the previous high. Once it reaches the level, short selling may be considered. After reaching it, short selling can be considered. Key point analysis: Support level: 2900-2902: short-term moving average MA5 position, currently near 2900, providing short-term support. 2894: Yesterday's low point, short-term long-short watershed, if it falls below, it may test the support near 2800. Resistance level: 2930: Yesterday's high point, short-term key resistance. 2945, 2954/2956: Previous high points, potential suppression of price upward. Moving average analysis: The price low hit the short-term moving average MA5 (near 2900). MA5 turned upward, but MA10 is still slightly downward. In the short term, focus on high fluctuations. If it falls below 2894, gold may further test the support of 2800; if it breaks through 2930, it may test the resistance of 2945 and higher. Operation ideas: Short-term operation: mainly long on pullbacks, supplemented by short on rebounds. Upper resistance: 2942-2945. Lower support: 2900-2902. 3.6 Gold operation strategy reference Short order strategy: Strategy 1: Entry point: Short gold when it rebounds to around 2942-2945. Stop loss setting: Stop loss 80PIPS. Target point: First target: around 2930-2920. Second target: If it breaks, look down to 2910. Long order strategy: Strategy 2: Entry point: Long gold when it pulls back to around 2900-2902. Stop loss setting: Stop loss 80PIPS. Target point: First target: around 2920-2930. Second target: If it breaks, look up to 2945. Operation points: Position management: Strictly control positions and avoid heavy positions. Stop loss setting: Strictly implement stop loss to prevent large losses caused by market reversal. Target point: Flexibly adjust the target according to the market trend. If the key point is broken, you can hold or increase the position appropriately. Real-time tracking: The market changes rapidly. It is recommended to flexibly adjust the strategy in combination with real-time trends and technical indicators. Risk warning: If gold falls below the 2894 support, be alert to further downside risks. Short orders can be held or increased. If gold breaks through the 2930 resistance, it may open up upward space. Long orders can be held or increased. Summary: Today's gold operation is mainly long on pullbacks, supplemented by short on rebounds. Focus on the 2900-2902 support and 2942-2945 resistance. Flexibly adjust the strategy in combination with real-time market conditions.
FOREXCOM:XAUUSDLong
by Caesar_Gorman1
XAUUSD 4H Gold Analysis (XAU/USD) Given the changing market conditions and the increasing impact of off-calendar news, trend-following strategies are not performing as effectively as before. A more setup-based and swing trading approach is now preferable. 🔸 Range Expectation: No significant breakout expected until March 24. 🔸 Potential Pullbacks: 2800 likely, 2688 possible. 🔸 Upward Target Identified: 3135. ⚠️ Key Takeaway: The market is not allowing clear trend formations and remains highly volatile. Caution is advised—if necessary, step back from trading and focus on capital preservation. High precision analysis, amazing results!
OANDA:XAUUSD
by GreyFX-NDS
OUTLOOK (XAU/USD) on a 1-hour timeframe, (XAU/USD) on a 1-hour timeframe, Key Observations: • A large “M” or “Inverse Head and Shoulders” pattern is visible, indicating potential bullish or bearish movements. • There is a red “ENTRY ZONE” box, marking a potential sell entry area. • A projected bearish movement is shown, targeting levels around 2,850. • A Stop-Loss (SL) is marked near the 2,920+ level to protect against invalidation of the trade. • Liquidity grab or order blocks are highlighted, indicating potential rejection zones. The setup suggests a bearish breakout expectation, but further confirmation is necessary before taking a trade.
OANDA:XAUUSD
by Artiverma256
XAUUSD GOLD Market Analysis & ForecastCurrent Market Condition Gold (XAU/USD) is currently in a consolidation phase, trading within a range between $2930 and $2891. At present, the price stands at $2909.50, indicating that the market is indecisive and awaiting a breakout. On the Daily (D1) timeframe, XAU/USD has broken the previous uptrend, signaling a potential shift in momentum. The current price action suggests that the market is undergoing a retracement phase, and a deeper correction may be expected. Bearish Scenario: Downside Breakout Expected The $2930 resistance level has been tested multiple times, with strong rejection, confirming the presence of strong sellers in the market. If XAU/USD fails to regain strength above $2930, it is likely to break the key support level at $2891 and continue its downward move. Once $2891 is broken, further downside targets are: Target 01: $2859 Target 02: $2834 These levels align with historical support zones and Fibonacci retracement levels, further supporting the bearish outlook. Bullish Scenario: Breakout Above $2930 If XAU/USD gains bullish momentum and breaks above the $2930 level, buyers will take control, and the price may rally further. The immediate upside targets in this scenario are: Target 01: $2956 Target 02: $2980 Additionally, market sentiment remains highly bullish in the long term, with expectations that gold could test its all-time high of $3000. Market Sentiment & Conclusion The current sentiment in XAU/USD suggests a higher probability of downside movement, as long as the price remains below $2930. However, a breakout above this level will shift the momentum in favor of buyers, targeting new highs. Traders should monitor key levels closely and watch for confirmation before entering trades. 📌 Key Levels to Watch: 🔻 Support: $2891, $2859, $2834 🔺 Resistance: $2930, $2956, $2980, $3000
OANDA:XAUUSDShort
by Pipsview_Analysis
Gold towards record High's / new ProfitsAs discussed throughout my yesterday's session commentary: "My position: My #2,902.80 pending Buying order got triggered and is currently running in decent Profit." I have closed my #2,902.80 entry point Buying order on #2,922.80 with excellent #20-point Profit however I have engaged new #2,920.80 entry point Buy which I didn't closed on #2,927.80 Resistance test and had to close it on #2,915.80 with #5-point loss. I have waited for Bottom test prior to each Ascending Channel and re-Bought Gold on #2,908.80 and kept the order which is currently running. I am expecting #2,952.80 benchmark as next extension / contact point if #2,927.80 Resistance / local High's gives away. I will turn to Selling only if #2,900.80 benchmark gets invalidated and market closes below / or aggressive break-out to the downside. Technical analysis: Very flat to Neutral Trading numbers since early E.U. session, ranged on the Hourly 4 chart within roughly #2,910.80 - #2,922.80 zone which represents the optimal breakout zones regarding Short-term. As long as the sequence lasts, this makes an basic Intra-day Neutral Rectangle Trading without any major changes, even though that Yields were Trading above the Daily chart’s Resistance for more than #8-Hour horizon however main pointer is DX. The Medium-trend remains fully Bullish however lately potential Bearish reversals / Technicals are easily distorted by Fundamental announcements, which are adding strong uncertainty on DX and - directly affecting Gold. As side Swings are the new norm, I adjusted my Trading strategy properly. Gold is strongly correlated with DX however always-changing trend (on High speculation mode ahead the news) makes Gold (for now) difficult asset to Trade on for Sellers. My position: My #2,908.80 entry point Buy order is up and running with Stop on break-even towards #2,927.80 Resistance. If this fails, I will add one last Buy as near as #2,900.80 benchmark. If that fails (less likely), I will Sell Gold on spot below #2,900.80 benchmark towards #2,852.80 in extension. However I give more probabilities to the upside and will keep Buying every dip / local Low's which Gold delivers.
OANDA:XAUUSDLong
by goldenBear88
XAUUSD strong bullish 1. (Xauusd)Support at 2900 May Not Hold The chart suggests a bounce from the 2900 support area, but if market sentiment weakens, we could see a breakdown below 2900 instead of a recovery. If this happens, gold might dip further toward 2850 or even 2800 before regaining strength. 2. Trendline Breakdown is Possible There's an upward trendline acting as dynamic support, but multiple touches increase the chance of a breakdown rather than a continuation. A confirmed break below this trendline could lead to bearish momentum rather than a push higher. 3. Resistance May Be Stronger Than Expected The analysis suggests a move toward 2960-3000, but these levels could act as a strong resistance instead of a breakout zone. Failure to break 2960 might trigger another sell-off back toward 2900 or lower. 4. Macroeconomic Factors Could Shift Bias If the US Dollar strengthens or bond yields rise, gold could struggle to gain momentum, invalidating the bullish outlook
FOREXCOM:XAUUSDLong
by mrsamfx81
1