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XAUUSDG trade ideas

XAUUSD Price Analysis | Bearish Reversal in ProgressGold has sharply broken down from the upper boundary of a well-respected parallel channel, hinting at a potential trend reversal. 🔎 Technical Breakdown: Strong rejection at ~$3,440 resistance zone Break in market structure = early signs of bearish momentum Support 1: $3,300 – key short-term zone Support 2: $3,250 – major confluence level If price fails to hold above $3,300, a continuation toward $3,250 looks likely in the coming sessions. 📊 Trade Setup Bias: Bearish Entry Zone: On pullbacks below $3,390 TP1: $3,300 TP2: $3,250 SL: Above $3,420 (recent swing high) ⚠ Watchlist Dates: 🗓 June 18 – FOMC Meeting (high impact) 💬 What’s your outlook? Will gold hold $3,300 or are bears in control? Let’s discuss below! #Gold #XAUUSD #PriceAction #TradingView #TechnicalAnalysis #Forex #FOMC #MarketOutlook
OANDA:XAUUSDShort
by James-Pipstr
Middle East Tensions Intertwined with Fed Rate Cut SpeculationThe Middle East situation remains tense ⚠️, and with rumors of a Fed rate cut emerging 👂, gold is likely to see significant volatility in the near term 📈📉. Due to the war, we still favor going long at lower levels 💹. During the current U.S. trading session, another pullback may occur—we need to wait for the correction before continuing to go long ⏳ ⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️ 🚀 Buy@ 3365 - 3375 🚀 TP 3400 - 3410 Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
OANDA:XAUUSDLong
by Sovereign_1
Gold Weekly Friday Trend Analysis and Trading RecommendationsOn Thursday, gold maintained a sideways trend, currently trading near $3,370. It hit a low of $3,347 and then rebounded immediately, while yesterday's Federal Reserve interest rate decision had little impact on market volatility. Since Monday, when bearish forces were stronger than bullish ones, the gold market has been seeing equalized bullish and bearish forces, consolidating as it waits for the next stimulus direction. Once it stabilizes above $3,400 again, there is likely to be an inflection point, and it will gradually rise to test the upper track at $3,460–3,470. At the 4-hour level, it is currently under pressure at the middle track of $3,405, with support at $3,345. Gold may break out of the current range on Friday. Intraday trading can focus on range operations between the support of $3,345 and the resistance of $3,400: when the gold price stabilizes above $3,360, you can lightly go long, with targets sequentially at $3,375 and $3,395; if it is resisted below $3,395, you can try to lightly go short. XAUUSD buy@3350-3360 tp:3380-3390-3400 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
OANDA:XAUUSDLong
by EvanField
1
Bears under strong pressure, gold price adjusted⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) saw a modest rebound during Thursday’s Asian session, recovering part of the prior day’s decline and stabilizing around the $3,362–$3,363 zone, marking the weekly low. Lingering trade uncertainties and escalating geopolitical tensions in the Middle East continue to weigh on global risk sentiment, supporting demand for the safe-haven metal. Meanwhile, the U.S. Federal Reserve concluded its two-day policy meeting on Wednesday by holding interest rates steady, while signaling a more cautious approach to future rate cuts. This shift, driven in part by concerns that President Donald Trump’s tariff policies could fuel inflation, boosted the U.S. Dollar to its highest level in over a week. The resulting Dollar strength is capping gold’s upside momentum, keeping the metal below the $3,400 threshold and prompting investors to remain cautious. ⭐️Personal comments NOVA: Bears continue to put selling pressure on gold prices. Accumulating below 3400. ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: 3414- 3416 SL 3421 TP1: $3402 TP2: $3390 TP3: $3376 🔥BUY GOLD zone: $3347-$3345 SL $3340 TP1: $3355 TP2: $3368 TP3: $3380 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1
Gold Eyes ATH Amid Escalating Geopolitical TensionsGOLD – OVERVIEW Commodities, particularly gold, are experiencing strong bullish pressure due to escalating tensions between Israel and Iran. With no signs of negotiation or de-escalation, the ongoing conflict continues to fuel safe-haven demand. As long as geopolitical risks remain elevated, bullish momentum in commodities is expected to persist. Technical Outlook: Gold maintains a bullish structure as long as it trades above 3404. Holding above this level supports a continuation toward the ATH at 3486, with potential extensions to 3529 and 3560. A retest of the 3404 support remains possible, and an opening gap toward 3486 cannot be ruled out. Overall, the prevailing trend remains upward. A bearish scenario would only be valid if tensions in the Middle East ease significantly or if negotiations between Israel and Iran begin. Key Levels: • Pivot: 3431 • Resistance: 3486, 3529, 3560 • Support: 3404, 3381, 3347
OANDA:XAUUSDLong
by SroshMayi
Gold Falls Back Despite Geopolitical Tensions,Eyes on 3404 BreakGOLD – Overview Gold Falls, Erasing War-Driven Gains Gold has reversed all gains made since Israel launched strikes against Iran, despite rising geopolitical tensions. The precious metal failed to hold its safe-haven bid and now appears to be entering a technical correction phase. While the Federal Reserve struck a dovish tone during Wednesday’s meeting — signaling potential rate cuts this year — real rates remain elevated, which continues to weigh on non-yielding assets like gold. Technical Outlook: Gold corrected perfectly to our support level at 3347, as forecasted in the previous idea. • As long as price trades above 3365, bullish momentum remains active • Next targets: 3393 → 3404 • A 1H candle close above 3404 would confirm bullish continuation toward 3430 and 3448 A break below 3347 would shift the structure bearish. Key Levels: • Support: 3365 / 3347 / 3322 • Resistance: 3393 / 3404 / 3430 / 3448 previous idea:
OANDA:XAUUSDLong
by SroshMayi
GOLD recovers from $3,371, risks remain highOn Tuesday (June 17) in the Asian market, the spot price of OANDA:XAUUSD suddenly fell sharply in the short term, and the price of gold once fell below 3,380 USD/ounce. As investors watched the hostile situation between Israel and Iran, US President Trump called for an immediate withdrawal of troops from Iran and ordered officials to be ready in the situation room, boosting demand for safe-haven assets. Trump posted on his social media platform "Real Social": "Iran should sign the 'deal' I asked them to sign. What a shame and waste of lives. Simply put, Iran cannot have nuclear weapons. I have said this over and over again! Everyone should evacuate Tehran immediately!" Axios News reported that shortly after Trump's tweet, Iranian media reported explosions and heavy anti-aircraft fire in Tehran. It is unclear whether there is any connection between Trump's tweet and the attack. According to the latest report from Fox News, US President Trump asked the National Security Council to be on standby in the White House Situation Room after he cut short his trip to the G7 summit and returned to Washington earlier than expected. The White House Situation Room is a conference room and intelligence management center located in the basement of the West Wing of the White House, with a total area of ​​about 460 square meters. The main purpose of the White House Situation Room is to provide a working space for the National Security Council, including the President of the United States, the Vice President, the White House Chief of Staff, the Secretary of State, the Secretary of Defense, the Chairman of the Joint Chiefs of Staff, the Director of the Central Intelligence Agency, the National Security Advisor, etc., to quickly discuss and respond to sudden domestic and international events affecting the national security of the United States. It has advanced and complete security communication facilities, allowing the President of the United States to control the United States military around the world at any time. WTI crude oil prices rose about 3.00% on the day after Trump told officials to be ready in the situation room. These market risks clearly leave plenty of room for gold to rise, and the current decline, which is being driven by profit-taking, is unlikely to last. Technical Outlook Analysis OANDA:XAUUSD After a sharp decline, gold has recovered from the support level noted to readers in the previous issue at the price point of 3,371 USD, which is the location of the 0.236% Fibonacci retracement, and currently the original price point of 3,400 USD is the nearest resistance at present. If gold breaks above 3,400 USD, it will have the conditions to aim for the target of 3,435 USD in the short term. Currently, gold still has enough technical conditions for an uptrend with the price channel as the short-term trend, while the price channel as the long-term trend and the EMA21 as the nearest support at present. In terms of momentum, the Relative Strength Index (RSI) remains above 50 and is far from overbought territory, suggesting that there is still plenty of room for upside ahead. The current declines should still be viewed as a short-term correction rather than a full-fledged trend, or as a buying opportunity. During the day, the technical bullish outlook for gold will be highlighted by the following positions. Support: $3,371 – $3,350 Resistance: $3,400 – $3,435 SELL XAUUSD PRICE 3420 - 3418⚡️ ↠↠ Stop Loss 3424 →Take Profit 1 3412 ↨ →Take Profit 2 3406 BUY XAUUSD PRICE 3350 - 3352⚡️ ↠↠ Stop Loss 3346 →Take Profit 1 3358 ↨ →Take Profit 2 3364
OANDA:XAUUSDLong
by Xayah_trading
Gold Regains Bullish MomentumGold Regains Bullish Momentum Gold price started a fresh surge above the $3,375 resistance level. Important Takeaways for Gold Price Analysis Today - Gold price started a fresh surge and traded above $3,420 against the US Dollar. - A key bullish trend line is forming with support at $3,415 on the hourly chart of gold at FXOpen. Gold Price Technical Analysis On the hourly chart of Gold at FXOpen, the price formed a base near the $3,300 zone. The price started a steady increase above the $3,350 and $3,375 resistance levels. There was a decent move above the 50-hour simple moving average and $3,400. The bulls pushed the price above the $3,420 resistance zone. A high was formed near $3,450 and the price is now consolidating gains. On the downside, immediate support is near the $3,415 level and the 23.6% Fib retracement level of the upward move from the $3,301 swing low to the $3,451 high. Besides, there is a key bullish trend line forming with support at $3,415. The next major support sits at $3,375 and the 50% Fib retracement level of the upward move from the $3,301 swing low to the $3,451 high. A downside break below the $3,375 support might send the price toward the $3,335 support. Any more losses might send the price toward the $3,300 support zone. Immediate resistance is near the $3,450 level. The next major resistance is near the $3,460 level. An upside break above the $3,460 resistance could send Gold price toward $3,480. Any more gains may perhaps set the pace for an increase toward the $3,500 level. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XAUUSD
by FXOpen
GOLD The Federal Reserve is likely to interpret the June 2025 University of Michigan (UoM) consumer sentiment and inflation expectations data as mixed but cautiously encouraging, with implications for monetary policy: Key Data Points Consumer Sentiment: 60.5 (vs. 53.5 forecast, prior 52.2) – a sharp rebound to the highest level since mid-2023. 1-Year Inflation Expectations: 5.1% (vs. 6.6% prior) – a significant decline, nearing pre-tariff levels. Fed Interpretation Improved Consumer Sentiment: The jump to 60.5 signals renewed optimism about the economy, likely driven by reduced trade tensions (e.g., tariff pauses) and stable labor markets. This aligns with recent upward revisions to April and May sentiment data. The Fed will view this as a sign of economic resilience, reducing urgency for near-term rate cuts to stimulate growth. Sharply Lower Inflation Expectations: The drop to 5.1% (from 6.6%) aligns with the New York Fed’s May 2025 survey showing declining inflation expectations across all horizons. This suggests consumers are growing more confident that the Fed’s policies (and tariff adjustments) are curbing price pressures, easing fears of a wage-price spiral. Policy Implications: Dovish Tilt Supported: Lower inflation expectations reduce the risk of entrenched price pressures, giving the Fed flexibility to cut rates later in 2025 if growth slows. No Immediate Cuts Likely: Strong sentiment and a resilient labor market (unemployment at 4.2%) justify maintaining rates at 4.25–4.50% in July. Focus on Tariff Risks: The Fed will remain cautious about potential inflation rebounds from Trump’s tariffs, which could add 1.5% to prices by late 2025. Market Reactions DXY (Dollar Index): Likely to dip modestly as lower inflation expectations boost rate-cut bets, but sentiment-driven growth optimism may limit losses. Key support at 98.00–98.20. Bonds: 10-year yields may edge lower (toward 4.00%) on reduced inflation fears, though strong sentiment could cap declines. Equities: Stocks (especially consumer-discretionary sectors) may rally on improved economic outlook. Conclusion The Fed will likely view this data as validating its cautious stance: inflation expectations are cooling, but strong sentiment and labor markets argue against premature easing. A September rate cut remains the base case, contingent on continued disinflation and no tariff-driven price spikes. Traders should watch for June CPI (July 11) and Q2 GDP to confirm trends. #GOLD #DOLLAR
EIGHTCAP:XAUUSDLong
by Shavyfxhub
The Fed's cautious stance suppresses gold prices!Inflation expectations caused by tariffs may support gold prices in the medium term, as gold is usually favored as an anti-inflation asset when inflation pressure rises. However, in the short term, the strengthening of the US dollar and the Fed's cautious policy stance may suppress the upward trend of gold prices. In addition, the Trump administration's suspension of some high tariff plans (such as 145% tariffs on Chinese goods) has eased concerns about extreme inflation and weakened the safe-haven demand for gold. Today, the gold price in the Asian session tested the resistance of the 4-hour chart in the short term and came under pressure. It continued to fluctuate between the resistance and the previous day's low during the day. It fell as expected after the overnight data was released, and the daily line closed with a large negative line. Although it did not substantially break the daily support, it is necessary to pay close attention to the subsequent breakout. The rising channel of the 1-hour chart remains intact, and the current trading is mainly based on low-multiple ideas. The upper pressure focuses on the integer level of 3390-3400 US dollars (the rebound high on Wednesday); stronger resistance looks at the upper track of the daily Bollinger band at 3425. The lower support focuses on the intraday low of 3347. The current support below focuses on the intraday low of 3347, which is also located near the middle track of the daily Bollinger Band and the weekly MA5 moving average. The moving average system shows that the 5-day moving average starts to turn down after the golden cross, the MACD indicator is close to the dead cross pattern, the KDJ indicator dead cross momentum weakens, and the RSI indicator shows signs of turning up after the dead cross. For evening operations, it is recommended that gold be considered to be deployed in the area near 3347 when it falls back, and pay attention to risk management. Trading day strategy on June 20: Gold is recommended to be bought near 3347 when it falls back, with a target of 3360-3400
OANDA:XAUUSD
by KellyLondon
Quick update: I announced #3,400.80 testAs discussed throughout my yesterday's session commentary: "My position: I have waited for Gold to Bottom out near #3,318.80 - #3,322.80 and aggressively Bought the Bottom which delivered spectacular returns (monitoring DX on Selling sequence which added significant Buying pressure). Keep in mind that Gold has #3,400.80 benchmark on the cards now as an decent possibility." I have announced #3,400.80 benchmark test since #3,350's and even though I expected the upside extension, my Profit margin (over #200k EUR in #3 weeks) was more than enough and I observed Price-action from sidelines. My position: Gold is Trading on Bullish extension due Middle East crisis escalation. I am looking at my calculated my re-Buy zones to Buy every dip on Gold and continue Scalping (Buy orders only) towards #3,452.80 benchmark potential extension. However if Gold closes the week below #3,400.80 benchmark, Gold will continue ranging and I will alter my perspective (less likely).
TVC:GOLDLong
by goldenBear88
GOLD ROUTE MAP UPDATEHey Everyone, Quick update following on from yesterday’s post. As expected, we got the push up after the EMA5 cross and lock above 3318, but price just fell short of our bullish target at 3352, leaving it open. This level now acts as a magnet, with price currently playing between 3318 and 3352, creating a tight range. We're watching closely for tests on both 3318 and 3352, with direction confirmed only by EMA5 cross and lock. The gap to 3352 still remains, so any bullish momentum should aim to fill this cleanly. Until one of these levels breaks with confirmation, we’ll likely continue seeing choppy movement in this range. We’ll keep using dips into support for intraday buys, targeting our usual 20–40 pip bounce trades as structure allows. Once again, thank you all for your ongoing support and engagement, we’ll continue to keep you updated throughout the week, as price unfolds and setups confirm. Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
12
Toward $3,500? Gold Faces Key Policy DecisionsGold is currently trading around $3,438 and continues to show positive momentum. After a week focused on inflation data, the gold market is now shifting its attention to interest rate decisions and policy guidance from major central banks. The week begins with the Empire State Manufacturing Index, a key indicator of economic activity in the New York region. Following that, the Bank of Japan (BoJ) will announce its monetary policy decision, and investors are closely watching to see whether the BoJ will continue normalizing its interest rates. Next comes U.S. retail sales data for May — a crucial gauge of consumer spending, which remains the backbone of the U.S. economy. Any signs of weakness in consumer activity could increase expectations for Federal Reserve rate cuts. However, the main focus remains the upcoming Fed meeting. While markets widely expect rates to be held steady, investors are awaiting clear signals from Chair Jerome Powell regarding the path and timing of potential rate cuts ahead. According to Kitco’s weekly gold survey, professional analysts remain optimistic about gold’s outlook, while retail investors are showing more caution. With central bank decisions approaching and geopolitical tensions lingering, investors need to stay alert. Risks such as rising social unrest in the U.S., escalating conflicts in the Middle East, and ongoing de-dollarization trends are all fueling demand for gold as a safe-haven asset. Given expectations that the Fed will hold rates steady, gold maintains its defensive appeal. In my view, the precious metal may soon retest its highs near $3,500, as its role as a global safe haven becomes even more pronounced amid mounting uncertainty.
OANDA:XAUUSDLong
by Edward_TradingFX
1
Gold 4H – Into the Golden Pocket, Next Move Loading?After our last successful setup, here's how I'm looking at Gold now: Price is approaching a confluence zone that includes: - A 4H FVG (Fair Value Gap) - 0.618–0.786 fib retracement - Strong trendline support - 1D imbalance zone I’m watching for a reaction from this golden pocket to catch the next potential impulsive leg toward the 3,450–3,500 region. If we see a rejection wick and break of short-term structure, it could be game on for bulls. If this zone breaks clean, we reassess at the 1.0 fib near 3,323. Patience is key — let the market come to you.
FOREXCOM:XAUUSDLong
by Moe_Erekat
XAUUSD Builds Higher Floors – 3350 Under Pressure1. Recap of Yesterday’s View In yesterday’s analysis, I noted that Gold appeared to have built a strong floor around 3300, and while the 3340–3350 resistance zone was still capping the upside, the structure hinted at a potential breakout. 2. What Happened Since? ✅ Price once again rallied into resistance and was rejected. But here’s the key shift: 🔹 This time, the drop only reached 3315, and it was quickly bought back. 🔹 A new higher base around 3320 is now visible. 🔹 Gold is already back into the resistance zone. 3. Technical Implication This evolving structure signals bullish pressure is building. Every dip is being bought higher than the last — a classic sign of demand stepping in. We are now closer than ever to a confirmed breakout. 4. Trading Strategy 📌 A clear break and close above 3350 = breakout confirmed 🎯 Target: 3400 and above 📉 Until then, buying dips into 3315–3320 remains my preferred strategy. 5. Final Thoughts The yellow metal is coiling tightly under resistance. The higher floors are shouting one thing: buyers are in control. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDLong
by Mihai_Iacob
11
Gold Rebounds on Safe-Haven Flows – Is the Uptrend Back?Gold attracted some dip-buying interest during Tuesday’s trading session, reversing part of the previous day’s losses as rising geopolitical tensions reignited demand for safe-haven assets. The market is increasingly pricing in the expectation that the Federal Reserve will begin a rate-cutting cycle in September — a scenario that favors non-yielding assets like gold. However, a modest recovery in the U.S. dollar could act as a headwind in the short term. If conditions align, XAUUSD may capitalize on its recent upward momentum to resume the broader bullish trend, especially after completing a healthy pullback near the 0.618 Fibonacci retracement — in line with Dow Theory continuation.
OANDA:XAUUSDLong
by Edward_TradingFX
Gold on the Rise – Will It Break New Highs?Hey traders! What’s your view on XAUUSD? Yesterday, gold surged over 400 pips and the rally hasn't slowed down. Price is now hovering around $3,428, right below a key resistance above the all-time high. Why the spike? US CPI came in lower than expected, boosting hopes for a Fed rate cut. The dollar weakened, tensions in the Middle East grew, and central banks are buying gold aggressively. Personally, I expect a breakout. What about you – will gold pull back or continue its climb? Drop your thoughts in the comments!
OANDA:XAUUSDLong
by Edward_TradingFX
3
Excellent last week / more Profits aheadAs discussed throughout my Friday’s session commentary: “ My position: Gold is Trading on Bullish extension due Middle East crisis escalation. I am looking at my calculated my re-Buy zones to Buy every dip on Gold and continue Scalping (Buy orders only) towards #3,452.80 benchmark potential extension. However if Gold closes the week below #3,400.80 benchmark, Gold will continue ranging and I will alter my perspective (less likely). I have engaged multiple re-Buy Scalp orders on #3,412.80 Bottom and closed them on #3,420.80 and engaged Swing order on #3,423.80 which was closed on #3,4335.80 which finalized last week in excellent way. Technical analysis: Gold has now completed the Daily chart’s Triangle peak (local High’s) and thus I am expecting a new Bullish direction starting early week’s phase towards #3,452.80 psychological benchmark and #3,500.80 benchmark in extension (needless to mention, fueled by renewed Middle East crisis escalation as an catalyst). Personally I believe it will be a big one on strong Bull Volume once Buying accumulation is done (happening now). Hourly 4 chart is extending strongly Golden Cross formation and points to an Bullish Short to Medium-term Buying sustainability. A green closing on today's session Daily chart’s candle points to Bullish direction / upwards motion in succession. Personally I believe that only if Selling benchmark gets invalidated and Sellers make a break-out to the downside (now at #3,400.80) does the trend resumes its previous Bearish bias. This is total Bullish trend and total Bullish domination.
TVC:GOLDLong
by goldenBear88
xauusd Entry Level: 3,416.000 USD Price is currently at 3,425.640 USD, so the entry was already triggered and the position is active and in profit. Stop-Loss (SL): 3,407.500 USD Positioned below the minor FVG area; protects against deeper downside if structure fails. Take-Profit Targets (TP): TP1: 3,423.000 USD (short-term scalp zone — already reached) TP2: 3,439.000 USD (medium-term resistance) TP3: 3,452.500 USD (strong upside target; likely near a previous high) Shift Stop to entry after reaching TP1
OANDA:XAUUSDLong
by Tdawly_Official
Gold Price Analysis June 17The D1 candle shows profit-taking by the sellers, pushing the price back below 3400. In the current context, the pullback is only short-term and has not confirmed the reversal, but long-term Buy signals can still be noticed at important support zones. Today, there are many price zones that can BUY Gold, so wait for confirmation before placing an order. Gold is heading towards the first support around 3375-3373. This is also the Breakout zone. If it breaks out, Gold will go to 3343-3341 to be able to BUY (pay attention to sell break). If there is a sweep to 3343 and then bounces and closes above the 3373 breakout zone, it confirms that the uptrend will continue strongly in the near future. The next BUY support zone to pay attention to is 3322-3320 and the 3305-3303 zone. The BUY order target is always pushed further back to 3415 or 3443.
OANDA:XAUUSD
by TVS-Trader
Market Structure AnalysisMarket Structure Analysis HH (Higher High) and HL (Higher Low) labels indicate the prior uptrend structure. The recent price action shows consolidation and potential trend reversal or correction. 🟦 Highlighted Zones Supply Zones (resistance): Marked in light teal rectangles near the top of price action (e.g., around 3,400). Demand Zones (support): Marked below the current price (e.g., around 3,360 and lower near 3,320). 🔄 Ch0CH (Change of Character) A “Ch0CH” label is marked — this typically signals a potential shift in market structure (e.g., from bullish to bearish). This is further supported by the price breaking below a previous higher low. 📉 Trade Setup Red Zone: Indicates the stop-loss region. Green Zone: Indicates the take-profit target. A short (sell) position is implied here, expecting price to drop from the current level to the lower demand zone. 🔁 Projected Price Path A dotted white line projects a potential bearish move, with a minor retracement before continuation down to ~3,328.
OANDA:XAUUSD
by King_Maker_FX