Gold gaps down and waits for the gap to be filledGold 4-hour chart forms a step-by-step oscillation and falls back. It is currently approaching the neckline. However, the moving average indicator is in a messy divergence. The short-term will be roundabout and repeated. The overall idea of falling back and adjusting is maintained. The middle track of the Bollinger Band coincides with the rebound high of last Friday, which is the critical point of this week's short position. There is a large gap in the hour, which is not easy to fill in the short term. It will be filled in the process of roundabouts in the market. Today, gold opened at a low of $3259 and started a rebound trend! At present, today's oversold rebound trend will continue! Gold continues to rebound, and the support below is focused on the $3260 line. Today, relying on this support, we can rebound. The top can look at the $3300 and $3320 lines! On the whole, it is recommended to do more on the pullback and short on the rebound in the short-term operation of gold. The upper short-term focus is on the 3320-3330 line of resistance, and the lower short-term focus is on the 3259-3260 line of support.
XAUUSD trade ideas
An Unharmonious Outlook for the New WeekGold Bullish? Sure, go ahead, but let me explain where we are and so on... 🤔
1. Newswise 📰
Tariffwar:
Trade tensions between the U.S. and China have intensified following President Trump's tariff hikes. The U.S. increased tariffs on Chinese imports to 145%, while China retaliated with tariffs up to 125% on U.S. goods. Despite these escalations, both countries have engaged in high-level negotiations in Geneva, aiming to de-escalate the situation. However, a recent abrupt withdrawal by the Chinese delegation has cast doubt on the progress of these talks. Analysts caution that even if an agreement is reached, it may offer only temporary relief, leaving markets exposed to prolonged trade tensions.
Federal Reserve does not cut interest rates:
President Donald Trump has been vocal in his criticism of the Federal Reserve’s decision to keep interest rates unchanged, calling Fed Chair Jerome Powell a “fool” for not lowering them. 😡 Trump argues that with falling energy prices, stable employment, and low inflation, the Fed should cut rates to stimulate economic growth. 📉
The Federal Reserve, however, remains cautious. 🏦 Officials have expressed concerns that recent tariffs could increase inflation, making premature rate cuts risky. They emphasize the need for clearer economic data before making further policy adjustments. 🧐
In summary: While Trump pushes for immediate cuts to boost the economy, the Fed is taking a measured approach, prioritizing long-term stability over short-term political pressure. ⚖️
War in Ukraine remains tense:
Western leaders, alongside President Zelensky, are calling for a 30-day ceasefire starting May 12. Russia has shown a willingness to negotiate but demands an end to Western military aid — a condition firmly rejected. 🚨
Conclusion: The coming days will be critical. A ceasefire could open the door to new peace efforts. If rejected, expect tougher sanctions and further escalation. 💥
India–Pakistan Conflict:
Tensions between India and Pakistan have escalated sharply following a militant attack on Indian tourists in Kashmir on April 22, 2025. India responded with airstrikes, prompting mutual accusations of missile and drone attacks. 💣 Despite a U.S.-brokered ceasefire announced on May 10, violations followed within hours. Both countries, nuclear-armed, have mobilized troops along the Line of Control. ⚔️ Global powers — including the U.S., U.K., China, and G7 — have urged restraint and offered to mediate. 🌍
2. Technicalwise 📊
1h Timeframe – Bearish Anti-Gartley Pattern
15m Timeframe – Bearish Anti-Butterfly Pattern
That’s not a sign of gold being bullish in the short term. 🚫
Let’s take a look at RSI values across timeframes:
- 5m – 31 – Down ⬇️
- 15m – 37 – Down ⬇️
- 30m – 43 – Down ⬇️
- 1h – 45 – Down ⬇️
- 4h – 46 – Down ⬇️
- 1d – 55 – Up ⬆️
Interpretation of RSI Values 🧐
5m to 4h (31 to 46 – all “Down”)
→ These low RSI values (below 50) across short- to mid-term timeframes indicate ongoing selling pressure and downward momentum. Although not yet in oversold territory (<30), this still signals relative weakness. ⚠️
1d (55 – “Up”)
→ On the daily chart, the RSI is above 50 and rising, suggesting a possible trend reversal or early signs of recovery — a bullish signal over the longer term. 📈
Overall Meaning 🧠
This points to short-term weakness within a broader potential uptrend. The market is soft on lower timeframes — likely in correction or consolidation — while the daily chart begins to show strength. It's a classic pullback setup in an uptrend. 🔄
Possible Strategy Consideration 💡
If you're leaning bullish, look for reversal signals on the smaller timeframes to align entries with the daily trend — such as RSI divergences or breakouts above local resistance. 📊
My Bias 🤔
Bearish sentiment dominates in the short term. Over the next week, I aim to enter short positions targeting $3,200. 📉
If sentiment shifts or key news emerges, a target of $3,400 becomes more realistic. 🚀
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This is just my personal market idea and not financial advice! 📢 Trading gold and other financial instruments carries risks – only invest what you can afford to lose. Always do your own analysis, use solid risk management, and trade responsibly.
Good luck and safe trading! 🚀📊
XAUUSD-Bearish Structure Intact, 3165 in SightAfter breaking back below the 3270 support, price accelerated to the downside, reaching a low around 3208.
A rebound followed, with XAUUSD retesting the 3270 zone, which now acts as resistance after the breakdown.
Looking ahead, I expect a break below the 3200 level, with the next bearish target set around the 3165 support zone.
The plan remains unchanged:
As long as Gold stays below 3270, I’m looking to sell rallies into that resistance area
GOLD ( XAUUSD ) : H4 / D1 : Big Long !!!Hello Traders! 👋
What are your thoughts on Gold?
After a strong upward move, gold entered a corrective phase upon reaching the $3500 resistance zone.
This correction could offer a buy-the-dip opportunity, with potential for a move back toward the recent highs.
XAUUSD
Market price : 3240
Buy limit : 3140 - 3120
Tp1 : 3240
Tp2 : 3340
Tp3 : 3500
Tp4 : 3750
Sl : 3030 ( 100 pip )
Don’t forget to like and share your thoughts in the comments! ❤️
XAU/USD Price Action Update – May 16, 2025📊 XAU/USD Price Action Update – May 16, 2025
🔹Current Price: 3,225.12
🔹Timeframe: 15M
📌 Key Supply Zone:
🔴 H4 F++++++ Zone – Strong selling area triggered a sharp drop from the highs; price now retesting lower supply at 3,228–3,231.
📌 Key Demand Zones:
🟢 3187–3192 – Target demand zone; potential bounce area marked by prior accumulation
🟢 3168–3172 – Deeper demand; high-probability reversal zone if price extends lower
⚡️Bearish Play in Progress:
Price rejected cleanly from H4 supply and is forming a lower high. If 3,228 fails to break, continuation toward 3190s is likely.
🔍 FXFOREVER Insight:
✅ Lower timeframe structure shifting bearish
✅ Watch for M15 confirmation below 3,222 for short entries
✅ Monitor price behavior at 3187–3192 zone for reaction/bounce setups
#XAUUSD #GoldAnalysis #SmartMoney #SupplyDemandZones #FXFOREVER #PriceAction #ScalpingSetups
Start going long on goldAt present, the trend of gold is relatively calm, but as gold rebounds, a certain support strength has been shown below; and the short-term negative news has all appeared, and gold needs to rebound at the technical level. Therefore, I think we can try to go long on gold in small batches in the current area of 3230-3220, and expect gold to continue to rebound to the 3250-3260 area, or even the 3280-3290 area.
Trading strategy:
Try to start going long on gold in small batches in the 3230-3220 area; TP: 3250-3255
Gold delivering #100-point opportunitiesTechnical analysis: So far so good as my already mentioned multi-Week Sell trend was in extension and final Selling Target was concluded near #3,100.80 benchmark / Weekly Bottom. Oversold Technicals prevailed followed by a strong Buying reversal in form of Bullish candlestick formation that Priced in a Bottom with #3,182.80 - #3,192.80 as new-old Support zone, on a Hourly 4 chart’s Three White Soldiers candle extension which delivered #150-point Intra-day Buying run throughout yesterday's session. Despite this, both Hourly 1 and Hourly 4 chart were completely Oversold, and current sequence on Gold was Natural response to such Technical development. No Moving Average still supports Buying bias on any chart, however this is typical Price-action behaviour near Daily chart’s local Bottoms or Top’s. Reversals are not evident and remember that the #3,182.80 - #3,192.80 is a heavy downside Support zone. For now, expected, no signs of Bearish reversal. On such a range bound session, Gold value continues to operate within my Hourly 4 chart's Donchian channel. Market closing is adding credence (in the same time this Week closing) to Buyers if Gold manages to close above #3,200.80 benchmark and if market opens on Monday with Bull spike towards #3,227.80 first Resistance, break of the mentioned former Support now turned in Resistance can aim for another #3,252.80 benchmark / strong Resistance zone. However, if Price-action tests #3,200.80 benchmark and it gives away, extends to Bottom of Support zone and breaks it as well in aggressive manner, I will Sell Gold on spot, pursuing #3,152.80 benchmark / Support zone in extension (I give more probabilities that Gold might continue ranging today so I will Scalp the market). Everything in between is Price-action Daily fluctuation which contains no new clues where Price-action will Trade next.
My position: Scalping the #3,192.80 - #3,227.80 range with strong Volume orders as today Scalpers with have the most returns out of current Price-action.
Gold Eases as Risk Sentiment Improves, but Long-Term Demand IntaMacro theme:
- Gold prices retreated from recent highs as improved risk sentiment following the US-China trade deal and a stronger US dollar weighed on safe-haven demand.
- Gold ETFs recorded modest outflows in Apr, but the withdrawal slowdown suggests easing profit-taking pressure.
- In the near term, trade optimism may keep gold under pressure, though central bank demand and portfolio diversification continue to support the long-term outlook.
Technical theme:
- XAUUSD pulled back from the swing high near 3430, forming a lower high and moving into a sideways structure between EMAs.
- A close below 3230 could trigger further downside toward 3135,
- On the contrary, holding above 3230 may prompt a retest of the 3430 level.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
GOLD - where is current resistance? Holds or not??#GOLD.. in yesterday market placed a low around 3167-68 and bounced back.
Now market just near to his current resistance area that is around 3184-85
Keep close that area and if market hold it in that case we can expect a further drop..
NOTE: we will go for cut n reverse above 3184-85 on confirmation ..
Good luck
Trade wisely
XAUUSD: Market Analysis and Strategy for Today, May 12Gold technical analysis
4-hour chart resistance level 3300, support level 3168
1-hour chart resistance level 3260, support level 3200
30-minute chart resistance level 3248, support level 3216,
The decline in gold is due to the joint statement issued by China and the United States at the Geneva economic and trade talks today, and the Sino-US tariff war has been eased. Risk aversion has subsided, and gold has fallen again under pressure.
The 4-hour chart MACD crosses below the zero axis, and KDJ diverges downward. If the price cannot return to above 3260, the medium- and long-term bearish trend will be difficult to change. The 1-hour chart RSI and ADX indicators show strong bearish momentum. If it falls below 3200, it may accelerate downward and continue to test the previous top and bottom conversion position of 3168.
The gold market is suppressed by trade optimism and the strengthening of the US dollar, and the short-term technical side is bearish. Short-term support focuses on 3210~3200, and the upper resistance area of 3245~3260 can be sold at highs.
Gold Price Recovery Setup: Targeting 3240 Amid Short-Term RebounThis 1-hour Gold (XAU/USD) chart highlights a potential short-term recovery setup, with a target around 3240. After a recent dip to support, the price shows early signs of a bullish reversal, aiming to reclaim key levels. Traders should watch for confirmation of momentum before committing to long positions.
The chart shows a potential short-term rebound for gold, targeting 3240 after bouncing off a key support level. If momentum holds, this could be the start of a recovery, but a break below the recent low could invalidate this setup.
Gold missing inverse relationship with DXYIn the earlier analysis, the expectation is for DXY to trade slightly lower to the round number level of 100.
With Gold's inverse relationship with the US Dollar, anticipating further downside for the DXY should mean that we expect to see some upside on XAUUSD.
However, the current price action on Gold is still signalling further downside.
The good thing is that the price is approaching the support area where the 3200 price level and the 61.8% Fibonacci retracement level align.
Look for a reaction in this area, for a possible rebound to the 3320 price level. Alternatively, if the support area is broken, there could be further downside to the 3000 price level.
XAU/USD 4H Chart Analysis – Wave 5 Setup in PlayHey traders! Just wanted to share this clean Elliott Wave setup I’m tracking on Gold (XAU/USD).
We’ve just completed what looks like a textbook Wave (4) correction, finding support right at the lower boundary of this long-term ascending channel. Price also respected the 38.2% Fibonacci retracement perfectly, lining up around the $3,090 level. That level is acting as a key demand zone right now.
🌀 According to the wave count:
Wave (3) topped out near $3,500
Wave (4) retraced sharply into the channel base
We are now potentially at the launch point for Wave (5) — the final impulse leg
💹 Wave (5) Projection:
Targeting the upper channel boundary, which aligns closely with $3,740–$3,750
This area also completes the measured move and matches key structural confluence
📈 Technical Confluence Supporting the Bullish Bias:
RSI bounced cleanly from oversold territory
Bullish EMA crossover (20/50) is happening right near the bounce zone
We’re also seeing a break of the corrective trend line, suggesting momentum is shifting back in favor of the bulls
📍 Key Levels to Watch:
$3,149: minor pullback area / possible retest
$3,283: Fib 23.6% resistance — needs to be cleared for confirmation
$3,500: Major resistance & previous high — breakout zone
$3,747: Wave 5 target
⚠️ Invalidation Zone:
If price breaks below $3,090, and especially $3,041, I’ll be reassessing the wave count. That would suggest a deeper Wave 4 or a breakdown in bullish structure.
📌 Conclusion:
I’m watching this setup closely. Gold looks poised for a strong upside leg if current levels hold. The structure is clean, momentum is turning, and we’ve got multiple confirmations in place. I’ll be scaling in with proper risk management and looking to ride this potential Wave 5 to new highs.
Drop your thoughts below — are you long on Gold? Let’s talk setups 👇
@WrightWayInvestments
@WrightWayInvestments
@WrightWayInvestments
1-hour chart of XAU/USD (Gold vs. USD)🔍 Chart Structure Overview
Downtrend Channel (Bearish Flag/Wedge):
The price has been moving within a well-defined descending channel.
Multiple touches on both the upper and lower trendlines confirm the structure.
Breakout Confirmation:
Price has now broken above the upper trendline of the descending channel, indicating a potential bullish breakout.
This is often a reversal signal when it comes after a strong downtrend.
Key Support Zone:
A horizontal support zone is marked where price reversed and pushed up strongly.
This suggests a potential accumulation zone and demand area.
Retest Expectation:
The red arrows suggest that price may retest the broken channel resistance (now turned support).
If it holds, it could confirm a bullish continuation.
📈 Projection & Target Levels
Immediate Target: Around $3,250–$3,275, just above the breakout zone.
Extended Target: Above $3,375, based on the arrow projection and previous swing highs.
🔄 Scenario Path (Based on Drawing):
Price has broken out of the channel (bullish signal).
A pullback/retest to the channel top or previous resistance is expected.
If the retest holds, we expect a strong bullish continuation.
✅ Bullish Confluences:
Break of descending structure
Reversal from strong demand zone
Momentum shown in bullish candles
Projection suggests a healthy risk-reward opportunity
⚠️ Risk Factors to Monitor:
False breakout: If the price returns into the channel, bullish bias weakens.
Major resistance at $3,250–$3,275 area.
Fundamental events (e.g. FOMC, CPI) that can cause volatility.
📌 Conclusion:
This chart suggests a bullish reversal setup on Gold, supported by a channel breakout and demand reaction. A successful retest of the breakout zone would confirm potential for upward momentum toward the $3,275–$3,375 levels.
5/15 Gold Trading Signals🌇Good afternoon, everyone!
Yesterday, gold broke the support after some sideways movement and touched the buy zone near 3170, but profit was limited.
Today, after opening, gold rebounded to above 3190 but faced resistance and started dropping again. Notably, the 1-hour chart shows bullish divergence, and although not yet corrected, such divergence usually leads to a rebound of at least $60 — a potential opportunity worth watching.
🗞 News Highlights:
U.S. Initial Jobless Claims
Research conference on monetary policy and economy
These events may significantly impact gold, so stay alert.
📌 Today’s Trading Strategy:
🟢 Buy Zone: 3113 – 3076
🔴 Sell Zone: 3208 – 3223
🔄 Flexible Trading Ranges:
▫️3123-3152-3168-3187-3198
✅ Maintain cautious, flexible positioning. Watch for divergence correction opportunities for a potential sharp rebound.
GOLD BULLS ARE STRONG HERE|LONG
GOLD SIGNAL
Trade Direction: long
Entry Level: 3,174.39
Target Level: 3,383.26
Stop Loss: 3,035.14
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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 COMMENT MY IDEAS✅
XAUUSD: Market Analysis and Strategies Today, May 14Technical analysis of gold
Daily chart resistance 3284, support below 3200-3167
Four-hour chart resistance 3270/3284, support below 3200
One-hour chart resistance 3250, support below 3200
Analysis of gold news: On Tuesday (May 13), the US Consumer Price Index (CPI) data for April was released, showing that inflationary pressures have eased, providing a complex signal to the market. This mild data that was lower than expected, coupled with the uncertainty of recent tariff policies, triggered an immediate market reaction and reshaped the Fed's expectations of rate cuts. Although the data tended to be dovish, the market reaction was not completely one-sided, showing a game of caution and optimism. Because bargain hunting occurred after prices hit a one-week low. In the previous trading day, due to the tariff truce agreement reached between China and the United States, market risk appetite increased, weakening the safe-haven appeal of gold, and gold prices were therefore under pressure.
Yesterday, gold hit a high point before the data was released and then fell sharply, which also showed the repetitiveness of market sentiment. However, in the future, some negative factors have gradually landed, and the Fed's interest rate cut will be put on the agenda again in the medium term. The medium-term favorable pattern for gold has not changed, so gold is still bullish in the medium and long term, but there may be a decline in the short term.
Gold operation suggestions: From the current trend analysis, the lower support focuses on the 3200 integer support, and the upper pressure focuses on the one-hour chart resistance 3250 and the four-hour chart resistance 3284. The short-term long and short strength dividing line is 3284.
SELL: 3283near SL: 3288
SELL: 3270near SL: 3275
How to layout gold as Sino-US trade eases🗞News side:
1. China-US trade relations eased, suspending some tariffs and countermeasures
2. Russia and Ukraine suspended firing for 30 days, and the India-Pakistan conflict was temporarily mediated
📈Technical aspects:
Affected by the easing of Sino-US economic and trade relations, coupled with the fact that the Russian-Ukrainian negotiations are on the right track and India and Pakistan have suspended firing, the risk aversion sentiment in the gold market has eased, and the gold price has fallen sharply since the opening today. At present, the 3200 line has formed an important short-term support. If the support effect is strong at this point, the gold price may rebound further; if it falls below this key support, it will accelerate the opening of downward space. The upper 3250-3260 is the previous intensive trading area, which will pose a certain pressure in the short term. At the top of the European market, focus on the resistance range of 3250-3260, and at the bottom, the support range is 3210-3200.
🎁BUY 3200-3210
🎁TP 3250-3260
🎁 SELL 3260-3270
🎁 TP 3250-3230
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.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
Analysis of the latest gold trend on May 16:
1. Core driving factors of fundamentals
Weak US economic data strengthens expectations of interest rate cuts
PPI and retail sales data fell beyond expectations: US PPI fell 0.5% month-on-month in April (expected +0.2%), retail sales growth dropped sharply from 1.7% in March to 0.1%, and manufacturing output fell 0.4%, indicating that the pressure of economic slowdown has intensified. This data directly led to a sharp drop in US Treasury yields (10-year yields fell 11 basis points to 4.435%), and market expectations for the Fed's interest rate cuts increased (the probability of a rate cut in September is expected to rise to 75.4%).
Weak US dollar: The US dollar index fell 0.2% to 100.82, and the real interest rate (TIPS yield) fell below 1.8%, providing pricing support for gold.
Geopolitical risks escalate
Russia-Ukraine peace talks are deadlocked: Putin refused to attend the Turkey talks and only sent a low-level delegation. Ukrainian President Zelensky called this move "disrespectful". Market expectations for the progress of the peace agreement have cooled significantly, and safe-haven demand has surged.
Uncertainty in the Middle East: There are still differences in the Iran nuclear agreement negotiations. Although Trump said it was "close to being reached", internal news in Iran showed that key issues have not been resolved and the risk of geopolitical conflict continues.
Trade situation and long-term support factors
The pressure of easing tariffs between China and the United States has been exhausted: Although the China-US tariff agreement has eased trade frictions in the short term, the market's focus has shifted to economic data and subsequent policy impacts. In the long run, global central banks continue to buy gold (more than 1,000 tons of gold in 2024), stagflation risks (high inflation and low growth coexist) and weakening US dollar credit still support gold.
2. Key technical points
Support level:
Short-term: US$3205-3210 (psychological barrier and 4-hour Bollinger band middle track).
Medium term: $3160 (trend line support and 60-day moving average).
Resistance level:
Above: $3260-3270 (high pressure zone 4 hours ago).
Long-term target: $3330-3350 (gap filling and historical high range).
Technical signal:
Daily MACD bottom divergence, RSI rebounded from the oversold area, indicating strong short-term rebound momentum.
If it breaks through the $3260 resistance, it may start a new round of rise; if it falls below $3200, it may fall back to the $3160 support.
3. Optimal trading strategy
Short-term operation (intraday to intraweek)
Long opportunity:
Entry conditions: Gold price pulls back to the $3205-3210 range to stabilize, or the US dollar index does not break through the 100.50 resistance.
Target: $3260-3280, stop loss set below 3180.
Short opportunities:
Entry conditions: Gold price rebounds to 3260-3280 range and encounters resistance, or the US dollar index stabilizes at 101.
Target: 3220-3200 US dollars, stop loss set above 3290.
Medium-term strategy (monthly level)
Bullish logic: Central bank gold demand, stagflation risk and normalization of geopolitical conflicts support long-term upward trend.
Entry time: If gold price falls back to 3160-3180 area without breaking, long positions can be opened in batches, stop loss 3130, target 3330-3350 US dollars.
Risk control points
Strict stop loss: short-term stop loss does not exceed 2% of the total position, medium-term stop loss does not exceed 5%.
Event avoidance: Pay attention to today's Michigan Consumer Confidence Index and import price data in the United States, and reduce positions before the data is released.
IV. Summary and risk warning
Core contradiction: Short-term economic data and geopolitical risks dominate fluctuations, and medium- and long-term structural benefits remain unchanged.
Potential risks:
Policy changes: If the Fed releases hawkish signals or Russia-Ukraine negotiations make unexpected progress, it may trigger a sharp correction.
Technical overbought repair: Gold has risen too much in the short term, so we need to be wary of profit-taking pressure.
Operation principles: light positions, strict stop losses, and give priority to the breakthrough direction of the 3200-3260 US dollar range, and follow the trend.
Gold operation strategy analysisAt present, the long and short views in the gold market are significantly different, and the effectiveness of technical positions has been verified. The 3180 point has not shown an effective support role in the recent downward process. Its logic as a potential pressure point lacks price behavior verification, and we need to be vigilant against the risk of misjudgment caused by subjective preset technical positions. As for the short strategy at 3200 points, if 3230 is used as the stop loss, the risk exposure of more than 30 US dollars is disproportionate to the current volatility range, and the profit and loss ratio needs to be strictly evaluated in actual transactions. In the current market environment, the price has not yet shown a clear bottom signal. The operational level should focus on optimizing the risk-return ratio and avoid excessive gambling on short-term fluctuations during the trend continuation stage. It is recommended to wait patiently for clearer technical signals or fundamental drivers to intervene.
Gold continued its decline last week, refreshing a new low in a month, but the gold price bottomed out and rebounded during the day, indicating that there is strong bargain hunting below. Gold's support below, from the 30-minute analysis, the upper short-term resistance is around 3180-3185, with a focus on the 3200-3210 line. The pullback will rely on this position to continue the main short trend and look down. The short-term long and short strength watershed is 3235-3240. Before the daily level breaks through and stands on this position, any pullback is a short-selling opportunity.
Operation strategy:
1. It is recommended to short gold when it rebounds to 3180-3185, with a stop loss at 3193, and the target is 3170-3160, and the break is 3160-3130
XAUUSD H4 | Bullish Bounce OffBased on the H4 chart analysis, we can see that the price is currently testing our buy entry at 3150.51, a pullback support.
Our take profit will be at 3212.38, a pullback resistance.
The stop loss will be placed at 3085.81, a pullback support.
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XAU/USD Bearish Trade Setup Supply Zone Rejection to Target 3350Trend Overview
📉 Downtrend in Play
Price has reversed from the peak near $3,354
Currently trading below the 70 EMA (📍$3,299.86)
Forming lower highs – indicating bearish momentum.
Key Zones & Levels
🔶 Supply Zone (Resistance)
📍 $3,290.72 – $3,353.41
Strong selling pressure expected here
Possible short entry if price gets rejected
🟦 Support Zone (Previous Support)
📍 Around $3,254 – $3,210
Price has previously bounced here
🎯 Target Point (Take Profit)
📍 $3,050
Clear support level – used as a profit target
Trade Setup – Bearish Bias
🟩 Entry Point
📉 Sell near $3,290.72 (inside supply zone)
🛑 Stop Loss
❌ Above $3,354.69 (above resistance line)
✅ Take Profit
💰 Target $3,050
⚖️ Risk-Reward Ratio
Approx. 1:3 – Favorable for short trades.
Summary
🔍 Watch for a rejection in the supply zone
💼 Setup is ideal for short sellers
📊 Downtrend is supported by structure and EMA