GOLDCFD trade ideas
GOLD SELL SETUP
To determine the reason behind selling gold at $3263:$3264, let's examine current market conditions and possible factors influencing this decision.
*Possible Reasons:*
- *Resistance Level*: $3263:$3264 might be acting as a resistance level, where gold prices face selling pressure or struggle to break through. This level could be influenced by historical price movements or technical indicators.
- *Profit-Taking*: Investors might be selling gold at this price range to secure profits, especially after recent gains. This decision could be driven by market volatility or shifts in sentiment.
- *Market Sentiment*: Changes in market sentiment, driven by news or economic data, can impact gold prices. If sentiment is bearish, traders might be more inclined to sell at $3263:$3264.
Fibonacci Confluence Fuels Gold’s Next Rally: Wave (Y) InsightThis 4-hour chart of XAU/USD is showcasing a WXY corrective pattern, a classic double zigzag (W)-(X)-(Y) correction after a strong impulsive move
Wave (W) has topped, marking the end of the first corrective leg.
A deep correction into the 0.5 Fibonacci retracement level occurred with wave (X), forming a potential higher low within the red demand zone.
Now, wave (Y) is anticipated, which typically mirrors or slightly exceeds the length of wave (W) but in a more corrective format.
Target 1: 3292.629
Target 2: 3372.161
Stop loss: 3201.955
XAUUSD Channel Up intact and targeting the 1D MA50.Gold (XAUUSD) has been trading within a Channel Up since the October 30 2024 High and is currently on its latest technical Bearish Leg. The last pull-back tested the 1D MA50 (blue tend-line) before rebounding again.
As you can see the Low that this pull-back made was also on the 0.618 Fibonacci retracement level. On the current Bearish Leg, the 0.618 Fib is at 3155 and can make contact with the 1D MA50 within 1 week. That is our short-term Target, but depending on the Fed Rate Decision on Wednesday, it may be achieved earlier.
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Gold price analysis May 6Due to the impact of world economic and political tensions. The gold candle has reversed to increase again with the D1 candle increasing by nearly 100 prices.
The gold uptrend has formed and it is easier to trade to find entry zones. Today's beautiful Buy zone is noticed in the price retests to the Break out zone. 3328 is considered a buying opportunity today. Currently, gold is sideways in the 3372 and 3354 range. Watch for a breakout to trade the breakout and wait for the main entry zone. When gold increases, it will encounter barriers or targets for buy orders at 3410. Today is a day without much important news, so the 3410 and 3328 ranges are considered strong. If it breaks through this range, pay attention to the quite far range around 3445 and 3270
Gold head and shoulders bottom trend, bull market strong?🗞News side:
1. Tariffs push up inflation and slow down the economy, and the Federal Reserve may be in trouble
2. The situation between India and Pakistan escalates again
📈Technical aspects:
At the hourly level, today's Asian session continued the "wash-out" operation characteristics, quickly rising by 20 US dollars at the opening, and then stepped back to 3310 to confirm the top and bottom conversion support level. The two positive lines seemed to form a "yang-enclosing-yin" upward attack pattern, but suddenly reversed, not only breaking the trend support line of 3280, but also falling to 3274 before bottoming out and rebounding. This erratic trend has a significant long-short double kill effect for investors accustomed to trend continuation strategies. However, we can accurately find the right position in the market to trade and make profits.
At present, it is expected to form a "head and shoulders bottom" pattern from a morphological perspective, accumulating momentum for subsequent rises, and there is still room for upside in the short term. At present, any pullback is an opportunity for us to go long. Pay attention to the 3360-3370 line suppression on the top. If this resistance area is broken, it may open up a new round of upward space.
TVC:GOLD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
Gold is expected to pull back, short gold!Fundamentals:
Focus on the Fed's interest rate decision and Powell's speech;
I think the Fed will keep the interest rate decision unchanged this time, at least it will not announce a rate cut this time, which may suppress the gold market;
Technical aspects:
Before the Fed's interest rate decision, gold is currently in a volatile state. However, relatively speaking, it is currently in a volatile and bearish state, with short-term resistance in the 3395-3405 area; and gold has repeatedly tested the 3370-3360 below during the retracement process. After multiple tests, gold may be more likely to break through this support area; the key support below is in the 3360-3350 area, followed by the 3320-3310 area.
Trading strategy:
Consider shorting gold in the 3395-3405 area, TP: 3370-3360
Gold is rising strongly. When can the bull market stop?🗞News side:
1. Trump announces renegotiation of USMCA
2. Pay attention to the Fed interest rate
📈Technical aspects:
Looking at the daily chart, gold prices are breaking through important resistance levels and forming a strong upward trend. The price is currently trading around 3410, with strong suppression at 3420-3430 above the short-term. If the gold price encounters resistance and pressure, gold may once again experience a correction. Therefore, when the gold price touches the 325-3435 line, you can try to place a short position. In terms of operation, after two consecutive positive days on the technical front, the bulls will continue further. The current short-term support has moved up to the 3386 line. 3386 is the early resistance that turned into support after breaking through. This will be an important support level. At the same time, the 3270-3260 line support below is still strong. Continue to look at the 3430-3450 line. Therefore, in terms of operation, we mainly do long positions on callbacks and supplementary short positions on rebounds.
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 FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
XAUUSD Price Action: Bullish Break + Liquidity Sweep Trade Idea🪙✨ Gold (XAUUSD) Technical Outlook ✨📈
I’m currently analyzing XAUUSD on both the daily and 4H timeframes, and here’s what I’m seeing:
🚀 Price has broken bullish structure and is now looking overextended, pushing into a buy-side liquidity zone—clearly visible to the left of current price action. 💰📊
It’s clearing buy stops, which could trigger a retracement soon. 🧲🔁
🎯 I’m watching closely for a pullback into the 50%–61.8% Fibonacci retracement zone on the current price swing—that’s my key point of interest for a potential long setup, provided we see a healthy pullback followed by another bullish break of structure. 🔍🔐
🧠 Not financial advice—just my personal analysis. Always manage risk. ⚠️📉
GOLD (XAUUSD): Support & Resistance Analysis For Next Week
Here is my latest structure analysis for Gold.
Resistance 1: 3260 - 3288 area
Resistance 2: 3350 - 3386 area
Resistance 3: 3482 - 3501 area
Support 1: 3191 - 3210 area
Support 2: 3135 - 3167 area
Support 3: 2956 - 2981 area
Consider these structures for pullback/breakout trading.
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DeGRAM | GOLD Finished Correcting?📊 Technical Analysis
● After two successful touches of rising-channel support near $3 200, XAU/USD pierced the resistance line and the triangle, confirming a bullish breakout.
● A pattern of higher lows now projects a fresh impulse toward the channel top at ~$3 500.
💡 Fundamental Analysis
● Goldman Sachs forecasts central banks will keep buying bullion amid recession fears, driving gold to $3 700 by year-end.
● Traders price in ~80 bp of Fed rate cuts from July, lowering real yields and bolstering gold’s appeal.
✨ Summary
Channel breakout + strong CB demand and Fed-cut bets support a short-term long bias: a clear break above $3 315 targets $3 500; view invalid below $3 200.
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GOLD BEST PLACE TO BUY FROM|LONG
GOLD SIGNAL
Trade Direction: long
Entry Level: 3,341.45
Target Level: 3,414.79
Stop Loss: 3,292.55
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Global central banks are increasing their holdingsGold hit a low of 3323 in the morning and then began to rebound strongly, reaching a high of 3386, then fell to a low of 3352, and rebounded to 3372. Gold made a slight correction near 3365 for a while, then fell to 3350, and now rebounded to 3368. There is less than an hour left before the European session. It is currently in the middle of the strong stretch in the morning. Now, gold still has some room for stretching. The upper resistance is currently at 3374-3377, which is expected to be the highest level today, and the lower support is 3340-3330. It is recommended to rebound short.
Operation strategy 1: It is recommended to rebound short at 3374-3378, stop loss at 3384, and the target is 3355-3325.
XAUUSD NEW KEY LEVELS📈 XAUUSD Trade Setup 📉
Please refer to the highlighted boxed zone 🟦 on the chart for key price action levels.
🔵 Buy Setup
Initiate a buy position if a candle breaks and closes above the boxed area.
Then, enter when the next candle breaks the high of the closing candle.
🔴 Sell Setup
Initiate a sell position if a candle breaks and closes below the boxed area.
Then, enter when the next candle breaks the low of the closing candle.
🎯 Target Levels
The blue lines 🔵 indicate our target levels.
Close 90% of your position to secure profits 💰.
Hold the remaining 10% for potential extended gains 🚀.
GOLD - A New High Is Coming?The price recently reached the 61.8% Fibonacci retracement level and at the same time, the has hit the 38.2% Fibonacci time level. This combination of price and time Fibonacci levels signals that the trend is strong and likely to continue. With this momentum, it is normal to expect a move towards a new high at 3580.
Gold falls, can it continue to fall before closing?Gold still fell in the morning, but it made a V-shaped reversal after bottoming out and rebounding, slightly breaking the morning high of 3323 and touching the pressure line of 3330. This trend is very subtle, which means that the support here is strong at 3274. You can be bearish but not too bearish. Focus on the support line of 3300 and see the rebound strength of the European session. If the European session stands on the pressure line of 3330, then consider shorting around 3360 in the evening, and the US session will be volatile. If the rebound strength of the European session is limited and it is always suppressed below 3330 and goes sideways, then you can continue to be bearish directly, and the support below is 3270-3253. If it breaks above 3330, then you have to pull back and do more.
5.6 Gold Market Analysis5.6 Gold Market Analysis
Gold prices rose slightly today and then entered a volatile trend. It is expected that the market will continue yesterday's trend and rise steadily.
After the gold price rises, we will wait for the high to pull back to around 3350 before going long. In the morning, the gold price encountered resistance at 3380, so technically this suppression can be used as a key reference for the future market. If it does not break 3380, there is still a risk of falling.
The rise in gold prices in the past two days, whether it is caused by news or the opening of the Asian session, we must maintain a steady rhythm.
Today's support level is 3330, and the resistance level is 3380. The strategy is to go long on the decline.
Thank you for your attention, and I hope my analysis can help you.
Gold Buy Call #XAUUSDGold has broken out of a key resistance level at, $3,265 with strong bullish momentum and above-average volume, confirming the breakout. This move is supported by rising RSI and MACD crossover, indicating strength in the trend. The breakout from the consolidation zone signals renewed investor interest, likely driven by macro uncertainty and safe-haven demand.
Traders can consider initiating long positions at current levels with a stop-loss and take profit levels defined in the charts.