Gold plummets, pay attention to the 3100 first-line support🗞News side:
1. Russia and Ukraine hold ceasefire talks
2. Initial jobless claims data released during today's US trading session
3. Trump administration exposed to trillions of national debt
📈Technical aspects:
Gold has been in a sideways consolidation yesterday, and we did not have a good entry opportunity to trade in the evening. Today, it has been falling with inertia since the opening of the market. It has now fallen to around 3130, successfully breaking through 3150, the key early point. At present, the daily chart of gold is in a downward wedge arrangement, with the focus on 3130 support below and 3200 suppression above. If the European market cannot fall below 3130, then be wary of bullish counterattacks.
On the other hand, if we fall below the 3130 line, we will fall back and continue to focus on the 60-day moving average support 3105-3110 area. Therefore, in terms of operation, gold will first focus on the 3130 first-line support. If it breaks below, wait for the 3105-3110 area and then consider buying based on the long-short game. The top target is the 3190-3200 area. If it does not break 3200, then go short!
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
XAUUSD trade ideas
Gold Holds Key Support Ahead of CPIOANDA:XAUUSD Gold (XAU/USD) edged higher to $3,255 early Tuesday as traders awaited the US April CPI report. While the 90-day US-China tariff truce improved market sentiment and limited gold’s upside, geopolitical tensions in Ukraine, the Middle East, and South Asia continue to drive safe-haven flows. A de-escalation in US-China trade tensions triggered the recent pullback, with price failing to reclaim the $3,271 resistance. The $3,213 area remains a major support. A break above $3,271 is needed to resume bullish momentum, while failure to hold $3,213 could expose $3,127.
Resistance : $3,271 , $3,305
Support : $3,213 , $3,127
GOLD - H4 PLANGOLD is in a sideways movement.
I hope the price reaches the range of 3320 to 3350 in the coming days, which will give them an opportunity to open a short position.
I do not believe in another definitive upward movement before reaching the area of approximately 3160.
SHORT PLAN
ENTRY ZONE: 3320 - 3350
TARGET: 3200 - 3160
LONG PLAN
ENTRY ZONE: 3200 - 3160
TARGET 1: 3400
TARGET 2: 3650
XAUUSD 08/05 | The JW Trade Centre Precision. Patience. Profit.XAUUSD 08/05
The JW Trade Centre
Precision. Patience. Profit.
Article Submission; Jordan Webb, Senior Analyst and Consultant FT and CS, TV.
Gold Volatility Erupts - XAU/USD Sheds Over 120 Points in Wild Intra-Day Swing
Date: 08 May 2025
21:17 UK Time | Price: 3308
XAU/USD delivered a day of extraordinary volatility, swinging 126 points from peak to trough within a 19-hour window. This type of high-magnitude price action highlights growing sensitivity to macro shifts, liquidity changes, and technical breakdowns.
What Triggered the Volatility in Gold Today?
1. Dollar Strength
The US Dollar Index surged past 105.60, breaking multi-day resistance and triggering flows out of gold. A combination of hawkish Fed tone and sticky inflation concerns may have underpinned this move.
2. Bond Yields Spike
A surge in US 10Y real yields decreased the appeal of gold, which offers no yield. Fast intraday rises in yields are typically met with aggressive gold selling.
3. Liquidity Vacuum + Gamma Flip
Following yesterday’s compressed range, today’s structural break triggered algo-driven volatility and likely options-related gamma flows. Once gold lost 3340, momentum snowballed into a stop cascade.
4. Position Unwinding
The 3435 high earlier this week appears to be a local top. Institutional positioning looks to be unwinding, especially ahead of critical US CPI data and further Fed rhetoric.
What’s Next for Gold?
Gold is currently testing a fragile support zone at 3300–3310. A firm break lower could see price rapidly spill toward 3282, with extension risk down to 3264 — both being institutional demand zones from April.
Key Technical Levels Noted
Current Bias (21:17 UK Time)
Short-term view: Bearish
Price trading below VWAP and daily mid
Structure below 3364/3340 remains broken
Dollar and yields both holding firm = bearish drag on gold
Trade Set Up
Sell into 3318-3322
Set Stop Loss at zone 3332
Staggered Take Profit 3288 zone 1, and Take Profit 3264 as per above.
Gold appears to of lost it’s bullish structure, trade deal today announced with UK/US, improved dollar strength, DXY and US10Y, which are correlated to Dollar performance, and as gold is usually save haven amidst any trade deal, the rational to short overnight, targets further downside potential as sellers defend rallies into the broken support zone.
Could gold rekindle post US session Close?
Unlikely, but see below:
US Session profit taking, 130 point flush in last 24 hours, over 1k pips! Short term traders may cover positions and protect price into the NY Close.
Asia often buys dips, if no major risk overnight, 3300/3288 will be achievable.
If DXY rebounds or stalls, perhaps gold could go for a run/technical bid.
Over sold conditions, short term relief bounce to 3332 wouldn’t surprise me.
However with that said, I do remain Bearish for now.
Structure remains broken, 3340-3364, still well above price and Gold is under the former support level.
Yields and Dollar are still elevated and showing no signs of any reversal.
Price struggling to hold over 3310, if bulls had control, we’ve be seeing a elevated price now US session winds down.
Asia is so unpredictable, whilst they may drive bids, they also sell hard if US Direction is dominant, like today where we’ve had complete upheaval on the charts.
My strategy explained!
Short bias on 3318-3322, with a tight SL of 10 points (100 pips from your entry whichever you catch)
Key here not to sell blindly until we see a pop up to 3318/22. This is our entry before Asia takes over. If price surpasses our zone, and reclaims and holds to 3336/40, bias completely flips back to neutral / bullish, trade invalid.
A mild late session bounce is likely, but until we see a reclaimed structure, that’s our trigger for the sell rally market. This is not a buy the dip idea. The reason I say that is because
We are in mid range, not support or resistance.
No clear confluence, price not reclaimed any structure or broken lower.
We don’t sell here after the move has happened from previous session and certainly not long as we’d be buying into uncertainty.
I advised a wait for bounce into 3318-3322, await price settle, then short if price does not break and hold over 3322.
Then..
If you’re looking to enter on the long, post sell, you must wait to see if price bounces off 3288, and holds, and then long of 3336 is in sight.
I call current zone - no mans land, as blasé as it sounds, we don’t have the answer we need on the technical or fundamental side. So be smart. I have a reminder set for 3318 tonight, and every .5 above that to 3322, so I can enter the trade should price reach our marked zone. Likewise if we don’t see a pop and price moves to 3288 from current 3308, and await to see if price holds or breaks further for a sell to TP2.
I hope this has proved informative and constructive to your trading regime and strategy.
Have a blessed evening.
JW
GOLD LONG SIGNAL|
✅GOLD went down sharply
And hit a horizontal support
Area around 3206$ from where
We will be expecting a local
Rebound therefore we can
Enter a long trade with the
TP of 3266$ and the SL of 3191$
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Up again for goldHi traders,
Last week gold immediately went up and made a correction down.
On Friday price rejected from the 4H BPR so next week we could see more upside.
Let's see what price does and react.
Trade idea: Wait for a small correction down on a lower trimeframe to trade longs again.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Gold's Rally Resumes (Elliott Wave)Gold's decline to today's low has satisfied the minimum requirements to consider the correction over.
The April to May decline corrected in a double zigzag labeled ((w))-((x))-((y)). There are 3 geometric relationships pointing to today's low as an important bottom.
1. Wave ((y)) was equal to wave ((w)) at today's low, a common wave relationship.
2. Additionally, wave (c) of ((y)) was 61.8% times wave (a) of ((y))...another common wave relationship.
3. Lastly, the previous all-time high from early April clocks in at 3,167...the broken resistance acts as new support holding up prices.
The runway is cleared for gold to take off to new all-time highs again.
In the unexpected event of a decline below today's low, the next cluster of wave relationships appears near 2,950.
XAUUSD 1HYour chart appears to show the XAU/USD (Gold to US Dollar) pair with a clear downtrend. Here are a few observations:
1. Trendlines & Resistance:
The chart has red downward sloping trendlines, indicating a descending channel or downtrend.
Multiple rejection points (marked by arrows) confirm strong resistance.
2. Breakout & Forecast:
The price seems to have touched the upper trendline and then dropped, respecting the trend.
A blue projection line suggests a bearish continuation, targeting around 3,100.361.
3. Price Action & Volume:
The price is currently around 3,182, having made a sharp drop.
If it breaks below the recent low, the downtrend may accelerate.
4. Support Zone:
There's a possible support near the 3,100 mark.
Watch for price behavior there; a bounce or breakdown will signal the next move.
Would you like a technical analysis of this setup (e.g., entry/exit strategy, stop loss, or risk-reward ratio)?
Gold Holds Key Support Ahead of CPI Data📊 Technical Overview
1. Key Levels
Support Zone: ~$3,224 to ~$3,236 (highlighted yellow box) — price has bounced here multiple times (green arrows), indicating strong demand.
Resistance Zone: ~$3,420 to ~$3,440 — where price previously reversed (upper yellow box).
CPI News Target: ~$3,348 — identified as a potential bullish target on CPI-related momentum.
2. EMAs
50 EMA (Red): ~$3,299 – currently above price, acting as dynamic resistance.
200 EMA (Blue): ~$3,224 – at the lower edge of support, reinforcing the critical support zone.
3. Price Action
Strong bounce from support shows bullish reaction.
There is a potential double bottom or accumulation pattern forming at support.
The bullish target is around $3,348 (CPI news reaction zone).
🧠 Trading Idea
✅ Bullish Scenario
Entry: Near current price ($3,236), ideally on confirmation of support holding.
Target: $3,348 (CPI news target zone).
Stop Loss: Below $3,224 (below the 200 EMA and last swing low).
Risk/Reward: Favorable if the bounce is strong and momentum builds with upcoming U.S. news (likely CPI data).
❌ Bearish Scenario
If price closes below $3,224, especially on strong volume, it may signal a breakdown.
Watch for a retest and failure of support-turned-resistance for short entries.
🔔 News Catalyst
U.S. CPI data (highlighted) on the calendar — this is likely to inject volatility. A hot CPI could strengthen USD and pressure gold, while a cool CPI could lift gold prices sharply toward the $3,348 target.
📌 Summary
Bias: Short-term bullish above $3,224.
Key Levels: Support ($3,224–$3,236), Resistance ($3,348, then $3,420–$3,440).
Strategy: Buy dips near support, watch CPI news for breakout potential.
Gold (XAU/USD) Rebound Imminent? Channel Support Holding StrongGold is currently respecting a well-defined ascending channel on the 4H timeframe. After a recent correction, price has bounced off the lower boundary of the channel near $3,200—signaling potential bullish continuation.
Key Observations:
Trend: Bullish structure intact with higher highs and higher lows.
Support Zone: Price reacted strongly to the lower channel line, showing buying interest.
Resistance Target: Next short-term resistance lies around $3,300–$3,320 (mid-channel), with a possible rally toward $3,400 if momentum holds.
Price Action: Bullish engulfing patterns starting to emerge near support.
Upcoming US Data: Watch for high-impact economic news on May 15–17, which could drive volatility.
My Bias:
If the channel support holds, I’m bullish on XAU/USD with a short-term target near $3,320 and extended target around $3,390–$3,400.
Confirmation Needed:
Strong bullish candle close above $3,260
RSI crossover or MACD histogram flipping positive (not shown here but useful to check)
Risk Management:
Entry: Above $3,260
SL: Below $3,200
TP1: $3,320
TP2: $3,390
What do you think? Will gold bounce or break the trend? Drop your thoughts below!
Gold is in the Bearish DirectionHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Gold 100% Profit SignalWith the sharp drop on Monday, gold will not be as strong as before, but don't forget that the overall gold price is still bullish. It is currently an adjustment under the big cycle, which I have always emphasized. It opened lower on Monday, and this situation has definitely weakened. The market outlook needs to observe whether it will continue. Today, the market is looking for support near 3200, but it can also turn strong at any time under the current market conditions. After all, the big cycle is still bullish. After waiting for the small cycle adjustment to end, it is likely to return to the bullish trend. From the short-term, it has now rebounded to around 3240 near the 3200 mark for rectification. The upper short-term pressure is near 3300 and 3260. If it does not break this position, it will first fluctuate downward. Once it stands firmly above this position, the market outlook can still see 3350-3400. In short-term operations, first use 3260 as a stop loss and short at highs below. First look at this wave of callback profits, and then look at the support of the previous low point of 3200 below. If it breaks, we expect the downward trend to continue. If it doesn't break, we will go long on the reverse. Then, based on the support situation at 3200, we will choose the opportunity to go long and arrange a long-term bullish plan.
For short-term gold trading, you can do short-term shorts below 790, and the support below is around 760. Then consider going long. Rongtong Gold and Accumulated Gold are long-term products. From a long-term perspective, they are still rising. Let's wait for this wave of decline to complete the bottoming. Currently, it is still fluctuating in the range, with support below at 750 and pressure above at 790 and 810. So you can consider entering the market in batches at 750-770. If you have long orders, just continue to hold them. In the future, we will look at 800 or above when the market rises.
May 12, 2025 - XAUUSD GOLD Analysis and Potential OpportunitySummary:
From a broader perspective, gold is in a downward trend. The main strategy remains to short on resistance pullbacks.
Long trades require confirmation across multiple timeframes. Once in profit, trail your stop to breakeven or better.
Key Levels to Watch:
3320: Resistance
3300: Psychological round-number resistance
3289: Key intraday resistance
3275: Support
3267: Major support
3255: Support
3245: Support
3238: Support
Short-Term (15m) Trading Strategy:
For Shorts:
Enter a SELL if price breaks below 3275.
First target 3267, then 3259, 3255, and 3250.
For Longs:
Enter a BUY if price holds above 3280.
First target 3289, then 3291, 3298, and 3300.
Gold May be in Bullish Direction from a Support LevelHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts