Learn KEY PRINCIPLES of Technical Analysis in Gold Forex Trading
In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis in Forex & Gold Trading.
1️⃣History Repeats
History tends to repeat itself in the Forex market.
Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time.
Take a look at the example:
Silver perfectly respected a historical horizontal resistance in 2011 that was respected in 1980 already. Moreover, the price action before and after the tests of the underlined zone were absolutely identical.
2️⃣Priced In
All relevant information about a currency pair: economical and political events, rumors, and facts; is already reflected in a price.
When the FED increased the rate 26th of July by 25 bp, EURUSD bounced instead of falling. Before the rate hike, the market was going down on EXPECTATIONS of a rate hike. The release of the news was already price in.
3️⃣Pattern DO Work
Some specific price models can be applied for predicting the future price movements.
Technicians strongly believe that certain formations - being applied and interpreted properly, can give the edge on the market.
Depending on the trading style, different categories of patterns exist: harmonic patterns, price action patterns, wave patterns, candlestick patterns...
Above, I have listed various price action patterns that are applied by many traders and investors as the main tool for analyzing the financial markets.
If you believe in these 3 principles, you are an inborn technician!
Study technical analysis and learn to apply these principles to make money in trading.
b]❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSDG trade ideas
GOLD 1H CHART ROUTE MAP UPDATEHey Everyone,
Once again our trading idea delivers the goods!!!
We got our target yesterday at 3382 and then followed with the cross and lock above 3382 leaving 3428 open.
- This played out perfectly with 3428 getting hit. No further cross and lock above 3428 confirmed the perfect rejection into the lower weighted Goldturn. The Goldturn gave the bounces, for 20 to 40 pips, just like we always state. This was once again a double bubble move for us!!
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3260 - DONE
EMA5 CROSS AND LOCK ABOVE 3260 WILL OPEN THE FOLLOWING BULLISH TARGETS
3308 - DONE
EMA5 CROSS AND LOCK ABOVE 3308 WILL OPEN THE FOLLOWING BULLISH TARGET
3340 -DONE
EMA5 CROSS AND LOCK ABOVE 3340 WILL OPEN THE FOLLOWING BULLISH TARGET
3382 - DONE
EMA5 CROSS AND LOCK ABOVE 3382 WILL OPEN THE FOLLOWING BULLISH TARGETS
3428 - DONE
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGETS
3478
BEARISH TARGETS
3217
EMA5 CROSS AND LOCK BELOW 3217 WILL OPEN THE BEARISH TARGETS
3174
EMA5 CROSS AND LOCK BELOW 3174 WILL OPEN THE SWING RNGE
3126
3078
EMA5 CROSS AND LOCK BELOW 3078 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
3034 - 2979
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAUUSD COT and Liquidity AnalysisCOT Report Analysis:
If wee look deeper in to the COT data we can see that market makers been
actually selling this rally. Since they had 356K net longs they been taking profits
on the way. Now we can see that shorts are also slightly increasing.
I would be only bearish for now until 3000. May is also one of the strongest months for USD:
Dollar Seasonal Tendencies
Hey what up traders welcome to the COT data and Liquidity report. This is a big part of my FX Trading. Im always trying to trade with the Big players so knowing their positions is good thing.
Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
I created this simple free indicator which you can find in the my scripts. It's highlighting the day of the real report - Tuesday.
Here is the tip if the level has confluence with the high volume on COT it can be strong support / Resistance.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
Gold Analysis: China - U.S Tariffs Talks and NFP ImpactGold Analysis: China - U.S Tariffs Talks and NFP Impact
Earlier today, China's Ministry of Commerce said it signaled a possible easing of tensions in the US-China trade war. Talks are still ongoing and this is creating a softer environment for gold to cool off from its strength.
On the other hand, today we also have the NFP data and, in relation to the data, the market is expected to anticipate a possible rate cut by the FED during the upcoming meeting, as well as new comments regarding their upcoming decisions.
This could be a strong reason why the GOLD continues to lose its bullish momentum.
However, do not forget that it moves up and down in a strange way most of the time. The current situation is bearish and nothing has changed so far. Even if the NFP data will be in line or less than expectations, I do not think that GOLD should rise for this reason. This is gold, it moves when you least expect it to happen
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
(XAU/USD) Bullish Trade Setup – Targeting $3,506.52 with Entry aEntry Point: $3,221.19
Stop Loss: $3,169.80
Resistance Zone: Around $3,277.98 to $3,280.64
Target (TP) Point: $3,506.52 (Approx. 9.05% upside)
📊 Technical Indicators and Markings:
Moving Averages:
Likely a 50-period (blue) and 200-period (red) moving average.
Price is currently below both MAs, signaling a short-term downtrend.
Support & Resistance Zones:
Strong support around $3,207.67–$3,221.19 (entry area).
Resistance at $3,244.25–$3,280.64.
Stop-loss is strategically placed below support to limit downside risk.
Target Area:
Projected upside target is $3,506.52, with a potential 9.05% gain from the entry.
This is marked as the EA (Expert Advisor) Target Point, possibly suggesting this is a strategy from an automated trading system.
Orange Circles:
Likely indicate swing highs and lows, used to identify trend patterns and potential reversal points.
📈 Trading Idea Summary:
Bullish Setup: Buying at support, aiming for breakout above resistance to reach target.
Risk-Reward Ratio: Favorable, assuming price holds above $3,207.
Watch for Confirmation: Price needs to break above resistance around $3,280 for momentum continuation.
How to Trade Gold with AI-Powered Algos in 2025📊 How to Trade Gold with AI-Powered Algos in 2025
A practical action plan for serious gold traders
🔍 1. Know Why Gold Requires Custom Algo Tactics
Gold is volatile, news-sensitive, and driven by macro events like Fed policy, geopolitics, and inflation. Generic stock or crypto bots fail here — gold needs precise, event-aware automation.
🧠 2. Use AI-Powered Bots Trained for Gold Volatility
Deploy bots that adapt to real-time data like CPI releases, bond yields, and geopolitical headlines. Use machine learning models that detect gold breakouts, consolidations, and safe-haven flows.
Top AI algos for gold traders: Multiple systems based on MT4/MT5
Fully-automated, AI-based gold bot with breakout detection, precision entries, and built-in risk control.
⚙️ 3. Build or Choose the Right Algo Strategy for Gold
Trend-Following: Use 21/50 EMA crosses on H1 and H4
Mean Reversion: Bollinger Band fades in range-bound sessions
Breakout Algos: Trigger trades on CPI or FOMC event volatility
Volume-Based AI: Analyze volume spikes vs. historical patterns
🧪 4. Backtest Gold-Specific Models
Always test your bot using historical gold data, especially during NFP weeks, Fed meetings, and geopolitical escalations. Use data from 2018 to 2024 for high-volatility periods.
Tools: TradingView for Pine Script testing, MetaTrader 5 for EA deployment
🛡️ 5. Control Risk with Gold-Specific Parameters
Max drawdown: Keep under 15 percent
Stop-loss: Always use hard stops (not just trailing)
Position sizing: 0.5 to 1 percent of capital per trade
Use volatility filters: Avoid entries during thin liquidity hours
🔄 6. Automate Monitoring and Adaptation
Run multiple bots for breakout, momentum, and reversal setups
Use dashboards to track gold-specific metrics like VIX, USDX, DXY, and 10Y Treasury yields Integrate AI that adjusts parameters after major data releases
🚀 7. Prepare for 2025 Market Structure
Gold is increasingly driven by
Central bank digital currency rollouts
USD de-dollarization risks
Global stagflation or recession themes
DeFi and tokenized gold products
Your algo must factor in these macro narratives using real-time data feeds
📌 Gold Algo Trading Success Plan 2025
Use AI bots built for gold volatility
Trade high-probability breakouts post-news
Backtest with gold-specific macro filters
Maintain strict risk limits with max 15 percent drawdown
Monitor global news and macro data with bot triggers
Continuously optimize and adapt
Gold is not just a commodity — it’s a signal of global risk. Automate smartly, manage risk tightly, and use AI to stay one move ahead.
GOLD → Correction before NFP. What are the chances of a decline?FX:XAUUSD strengthens amid dollar correction. The market is correcting ahead of NonFarm Payrolls, trying to accumulate potential before high volatility.
Gold recovers ahead of US employment report
On Friday, gold rebounded from a two-week low, recouping some of its losses ahead of the release of US labor market data (NFP), which could set the tone for prices going forward. Amid optimism over trade talks and a strong dollar, gold ended its worst week in two months, but geopolitical tensions and a potentially weak jobs report could boost demand for safe-haven assets again.
The correction in the dollar gives gold a small chance to strengthen. However, fundamentally, the overall trend has already set the tone and gold may continue to fall.
Resistance levels: 3268, 3285, 3295
Support levels: 3227, 3204
The correction may reach a local zone of interest (money pool) — liquidity above 3270, or the 0.7 Fibonacci zone, after which the price may continue its course along the new trend — down to 3193.
However, unpredictable and unexpected data could disrupt the structure and push the price up to 3320-3350.
Best regards, R. Linda!
Gold (XAU/USD) Breakout Confirmed – Bulls Eye Higher TargetHello guys!
Gold has successfully broken above the key resistance level marked as the breakout level, confirming bullish momentum. This breakout follows a clear bullish divergence, indicating a reversal from the recent downtrend. The strong upward movement suggests increased buyer interest and continuation potential.
Two bullish scenarios are in play:
Scenario 1: Price continues upward from the current breakout zone without a retest, targeting the next resistance area around $3,440–$3,470.
Scenario 2: A pullback to the breakout level or the demand zone near $3,325–$3,340, followed by a bullish continuation.
What I see:
✅ Bullish divergence identified at the recent low
✅ Breakout from a significant resistance level
📈 Momentum favors continued upside
Gold Surges Further After Israel Strikes YemenGold Surges Further After Israel Strikes Yemen
In the video analysis I shared yesterday, Gold made an unusual move from 3272 to 3330.
It appears that the market reacted ahead of time, as it often does—suggesting that certain players might have had prior knowledge of the news before it was widely released.
This kind of market movement is commonly referred to as manipulation, likely driven by those who were aware of Israel’s planned strike on Yemen before it happened.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GOLD - Price can make correction movement to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago, the price traded inside a little flat, where it declined to the bottom part and then started to grow.
In a short time, it reached the $2955 level, broke it and started to trades inside a big flat, exiting from a small range.
After this movement, the price reached the top part of the flat and then corrected, after which it entered to pennant.
In the pennant pattern, Gold exited from a flat and rose to the resistance line from the support line, breaking the $3205 level.
Also recently, price made a correction, but then it turned around and bounced up, thereby exiting from pennant.
Now, I think that Gold can rise a little and then start to decline to $3205 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
THE KOG REPORT THE KOG REPORT
In last week’s KOG Report we said we would stick with our plan and look to continue with the move downside. This worked well for us and also gave us the bounce we wanted pre-event for the long trade following the retracement. For NFP, we released the KOG Report again, suggesting a move downside into the key level, then a bounce for the long. We got the short, we then got the TAP AND BOUNCE for the long, although, after having protected and managing it we closed at break even with the minimal lot that was left on the table.
We ended the week with another stellar performance on the EA, the algo and the indicators, not only on Gold, but also the other pairs we trade.
So, what can we expect from the week ahead?
Simple one this week as it’s bank holiday. Expect thin volume during the London session with a potential burst of volume during the US session. We have pathed out the levels and what to look for, with the first resistance just above, which is ideally what we want to target and reject to give us a further move downside. There is a key level above, 3250-55, the bias will be bearish below for now, unless broken which will give us the extension of the move into 3270-75 which is where sellers may get another opportunity.
Red boxes:
Break above 3235 for 3243, 3245, 3247, 3252 and 3270 in extension of the move
Break below 3220 for 3210, 3206, 3196, 3188 and 3179 in extension of the move
Bank holiday in the UK so not sure if we’ll be around much but we’ll re-visit the charts on Tuesday.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
GOLD: Very Complex Price DevelopmentGOLD: Very Complex Price Development
The fundamental and technical analysis are not in line at all with gold this time.
GOLD increased at a time when Trump is doing positive comments:
Over the weekend, US President Donald Trump said that they will lower tariffs on China "at some point" and added that they could announce trade deals this week when asked about it. Trump also noted that they could start imposing 100% tariffs on imports of foreign-produced movies.
Finally, he argued that interest rates should be lowered but reiterated that he will not remove Jerome Powell as Fed Chairman before his term ends in May 2026.
You may watch the analysis for further details!
Thank you!
GOLD ROUTE MAP UPDATEHey Everyone,
Great finish to the week, after completing both our Bullish and Bearish target yesterday, we then finished off with our retracement range gaps.
We also stated that we will look for a cross and lock below this level to open the swing range or failure to lock, will see support and bounce on this level.
This played out perfectly with no lock confirming the rejection and then the bounce allowing us to buy the dip. We are now seeing the level retested again and respecting it perfectly for another bounce.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
3343 - DONE
BEARISH TARGETS
3282 - DONE
EMA5 CROSS AND LOCK BELOW 3282 WILL OPEN THE FOLLOWING BEARISH TARGET
3224 - DONE
EMA5 CROSS AND LOCK BELOW 3224 WILL OPEN THE SWING RANGE
SWING RANGE
3190 - 3138
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold (XAU/USD) - Bullish Reversal Pattern in Play Hello guys!
Let's analyze Gold!
Gold has recently broken out of a descending wedge pattern, a classic bullish reversal signal, with confirmation coming from a clear bullish divergence near the $3,200 zone. After reaching the target of the descending pattern, the price rebounded sharply and is now forming an ascending channel.
Currently, the price is approaching a key resistance zone around $3,280–$3,290. If bulls manage to push through this level, we could see a rally toward the next major resistance around $3,320 and beyond.
🔍 Key Points:
✅ Descending wedge breakout confirmed
✅ Bullish divergence near the bottom signals a momentum shift
✅ Price respecting ascending channel structure
📈target of long position: $3,290–$3,320
📉 target of short position and the entry for long: $3,240 zone
Outlook: Bullish bias remains valid as long as the price is above the $3,240–$3,250 support area. Watch for a breakout above resistance for further upside continuation.
XAU/USD - Fed warns of Economic UncertaintyThe XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3473
2nd Resistance – 3519
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Thank you.
Lingrid | GOLD trendline BREAKOUT: Short-Term BEARISH MoveOANDA:XAUUSD made a strong bullish run, but after reaching the top near 3500, the price entered a sideways range and recently broke below the upward trend-line. Now it’s retesting the 3,283–3,300 zone, which may act as resistance. If price fails here, we could see a drop back to the 3,150 support area. Bulls will need a solid recovery above 3,300 to regain control.
📈 Key Levels
Sell zone: 3,283 – 3,300
Sell trigger: rejection from retest area
Target: 3,150
Buy trigger: strong breakout and hold above 3,300
💡 Risks
Gold is sensitive to US macro data this week (FOMC, NFP, PCE).
Retest of the trend-line might trigger volatility and fakeouts.
Break above 3,300 could invalidate the bearish scenario.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GOLD DAILY CHART ROUTE MAP UPDATEHey Everyone,
Here’s the latest update on our daily chart idea, it’s been playing out perfectly!
The daily chart is unfolding as projected, with price action respecting the structure of the Goldturn ascending channel. A breakout above the channel was confirmed by the EMA5 crossing and closing above the upper boundary. This move extended to test the 3433 Goldturn axis level, where price met resistance. Notably, EMA5 failed to sustain a close above 3433 Goldturn level, confirming a lack of bullish momentum and validating a rejection. Price has since reversed, re-entering the channel.
Below, broader support is identified around 3104, which aligns with the channel’s half line. While this level may not be reached immediately, the current price range between 3297 and 3104 is significant. We may observe continued consolidation within this zone, with the half line gradually ascending. This dynamic could result in price interacting with the half line earlier than a direct move to 3104, providing potential bounce opportunities best monitored through lower timeframes for refined entries and validations.
This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake-outs and real breakouts, cutting out much of the noise that usually confuses traders.
Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalize on quick moves without getting caught in the chop of larger swings.
Thank you all again for your continued likes, comments, and follows, we truly appreciate your support!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP UPDATE & TRADING PLAN FOR THE WEEKHey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price play between two weighted levels with a gap above at 3282 and a gap below at 3224. We will need to see ema5 cross and lock on either weighted level to determine the next range. We have a bigger range in play then usual.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3282
EMA5 CROSS AND LOCK ABOVE 3282 WILL OPEN THE FOLLOWING BULLISH TARGET
3343
EMA5 CROSS AND LOCK ABOVE 3343 WILL OPEN THE FOLLOWING BULLISH TARGET
3404
EMA5 CROSS AND LOCK ABOVE 3404 WILL OPEN THE FOLLOWING BULLISH TARGET
3439
EMA5 CROSS AND LOCK ABOVE 3439 WILL OPEN THE FOLLOWING BULLISH TARGET
3503
BEARISH TARGETS
3224
EMA5 CROSS AND LOCK BELOW 3224 WILL OPEN THE FOLLOWING RETRACEMENT RANGE
3190
3138
EMA5 CROSS AND LOCK BELOW 3138 WILL OPEN THE SWING RANGE
SWING RANGE
3088 - 3046
EMA5 CROSS AND LOCK BELOW 3046 WILL OPEN THE SECONDARY SWING RANGE
SECONDARY SWING RANGE
3015 - 2988
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD H8 Update: Bulls will target 3600 USD🏆 Gold Market Mid-Term Update
📊 Technical Outlook Update
🏆 Bull Market Overview
▪️pullback looks complete now
▪️3000/3200/3400/3600 USD key S/R
▪️Reversal at 3200 USD
▪️Resistance near 3400 USD
▪️Bulls maintain strategic advantage
▪️Target for BULLS 3600 USD
▪️short-term dips are possible
▪️focus on buying dips
⭐️Recommended strategy
▪️BUY/HOLD accumulate dips
▪️TP BULLS 3600 USD
🏦Fed Outlook: Mixed data fuels speculation on policy shift. Analysts see gold’s pullback as a new buying opportunity.
🌏Asian Demand: China and India remain key forces in price direction, alternating as major buyers.
📦Tariff Watch: Ongoing U.S.-China trade tension continues to weigh on risk sentiment, keeping gold in play.
🛑Geopolitics: No major updates on Iran-U.S. talks, India-Pakistan, or Russia-Ukraine ceasefire yet. These remain key risk triggers.
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
Quick update on our weekly chart idea, it's been playing out beautifully, helping us track the move down and catch the move back up.
The weekly chart structure is unfolding in line with prior analysis. Price action reached the upper boundary of the ascending Goldturn channel and temporarily broke above it; however, the EMA5 remained confined within the channel, validating the upper trendline as dynamic resistance.
A sustained EMA5 breakout above the channel would have confirmed a potential continuation of the breakout. Currently, price is consolidating within the Goldturn channel, with the 3189 level acting as immediate support. The channel half line of the channel may serve as a stronger swing support area, though price may not retest this level immediately. As the channel continues its upward trajectory, the midline will also rise, potentially aligning with price in future upward movements.
This is the beauty of our Goldturn channels, drawn using weighted averages instead of pure price action. This unique approach helps us clearly identify fake-outs and real breakouts, cutting out much of the noise that usually confuses traders.
Moving forward, we’ll focus on smaller timeframes (1H and 4H) to buy dips off the weighted Goldturns, aiming for clean 30–40 pip moves. Ranging markets are perfect for this style, allowing us to capitalize on quick moves without getting caught in the chop of larger swings.
Thanks again for all your likes, comments, and follows, we really appreciate the support!
Mr Gold
GoldViewFX
(XAU/USD) Bearish Trade Setup – Targeting $3,222 with 1:6 Risk/REntry Point: Around 3,409.33 - 3,408.41 USD.
Stop Loss: 3,437.87 USD.
Target (Take Profit): 3,222.53 USD.
Risk/Reward Ratio: Approximately 1:6, which is favorable.
📉 Price Action & Trend Analysis:
A rising wedge (or channel) appears to have formed and broken to the downside — a bearish signal.
The current price at 3,341.47 has broken below a minor support zone (highlighted in purple), indicating bearish momentum.
Price is now approaching the 200 EMA, which is acting as potential dynamic support.
📌 Key Levels Highlighted:
Support Zones: Near 3,347.47 (previous minor support) and 3,222.53 (main target zone).
Resistance Zones: At the entry level and above, near 3,437.87 (Stop Loss zone).
🔄 Indicators:
Moving Averages (Red and Blue Lines): Shorter-term moving average (red) is below the longer-term (blue), indicating downward pressure.
Momentum Shift: The sharp drop suggests a likely continuation of the bearish trend.
GOLD BUYGreetings traders this is my analysis on Gold and it is a Long shot for a Buy.
📊 Technical analysis of gold (XAU/USD) — 4h timeframe
🔺 Formation: Head & Shoulders
The pattern is now even more clearly presented with:
Left shoulder – a smaller consolidation move.
Head – a higher peak (higher high).
Right shoulder – a weaker attempt to recover, which confirms the loss of bullish strength.
Usually, such a pattern is followed by a corrective move downwards (which has already been partially seen).
🔄 Potential trend change zone
Highlighted support in the zone:
3,162 – 3,128 USD — very important for confirming the bullish scenario.
The shown "bounce zone" suggests a possible purchase if the price bounces from this area.
📈 Predicted path
Expected:
Fall to support (around 3,150–3,130).
Reversal and continuation of the uptrend.
Target zone: 3,503 – 3,505 USD.
✅ Conclusion and strategy:
Scenario 1 (main): Buy zone between 3,160–3,130 if price action signal is seen (pin bar, engulfing).
Target: 3,500+
Stop loss: below 3,120 (below support).
Scenario 2 (riskier): If price does not bounce from that zone — possible further deepening towards 3,080–3,000.
Dear Traders like,comment let me know what do you think
Gold Completes Wave 4 - Pullback – Time for the Next PushGold ( OANDA:XAUUSD ) touched $3,223 as I expected in the previous idea (Full Target) .
Gold has managed to break the Resistance zone($3,308-$3,293) and is trying to break the Resistance lines and complete the pullback .
In terms of Elliott wave theory , it seems that Gold is completing microwave 4 , which could act as a pullback to the broken Resistance zone($3,308-$3,293) . After the completion of microwave 4 , we should expect Gold to attack the Resistance lines to complete microwave 5 .
I expect Gold to rise to at least $3,232 , and if the Resistance zone($3,387-$3,357) breaks, we can expect further gains .
Note: If Gold touches $2,272 (the worst Stop Loss(SL)), we can expect further declines.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.