GOLD Fresh update after Baseent NewsAs I mentioned earlier, based on the daily candle analysis, we’re likely to see only a minor drop of around 50 to 80 points — no major panic drop is expected before 4080. This is the time to stay focused and look for strong buying opportunities. The next target is in the 3625 to 3650 range. Trade safely — here come the bulls again!
XAUUSDG trade ideas
It is in an upward trend with fluctuations, and the overall viewFrom the perspective of the intraday price action, gold exhibits the typical feature of a rapid rally after a small-cycle correction. On the daily chart, the K-line combination continues to be in a bullish arrangement, and the moving average system shows a divergent upward trend. The technical pattern conforms to the characteristics of a "stepped short squeeze", and there is a relatively high probability that the upward trend will continue in the future.
Taking into account both fundamental and technical factors, the current gold market is still in a strong pattern dominated by the bulls. In terms of the trading strategy, it is recommended to focus on going long on pullbacks. At the same time, be vigilant against the risk of short-term fluctuations triggered by an unexpectedly hawkish tone of the Federal Reserve's policy.
During the US trading session, the price of gold rose to 3,399 and then declined. It is currently quoted at 3,395. The K-line combination pattern on the 4-hour chart is bullish. There is a relatively low probability of a significant trend change on Wednesday, and it is expected to continue to rise in a volatile manner tomorrow.
The short-term support is at 3,374, and the strong support is in the range of 3,370 - 3,366. The short-term resistance is at 3,388, and the strong resistance is at 3,398. If this level is broken, the upward target can be seen at 3,410.
Regarding specific price levels, the area between 3,430 - 3,470 US dollars per ounce (the resonance resistance of the Fibonacci extension level and the previous densely traded area) needs to be closely watched on the upside. On the downside, the support zone between 3,260 - 3,250 US dollars per ounce (the double support of the bullish trend line and the round-number psychological barrier) should be closely monitored.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Trading Strategy:
buy@3375-3380
TP:3400-3430
XAU/USD "The Gold" Metals Market Heist Plan (Swing/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Entry 📈 : "The heist is on! Wait for the NEUTRAL LEVEL breakout (3400) then make your move - Bullish profits await!"
however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries.
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📍 Thief SL placed at the recent/swing low level Using the 4H timeframe (3200) Day trade basis.
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🏴☠️Target 🎯: 3680 (or) Escape Before the Target
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XAUUSD: 5/5 Today’s Market Analysis and StrategyGold technical analysis
4-hour chart resistance level 3350, support level 3260
1-hour chart resistance level 3350, support level 3274
30-minute chart resistance level 3320, support level 3290
At the 4-hour level, gold lows continue to move up, highs continue to refresh, MACD technical indicators have formed a golden cross upward, adding momentum to the bulls.
The previous high of 3272 will turn into support after breaking through. If the retracement is large, buy again after stabilizing in the 3270-3280 range.
Short-term resistance is at the previous high of 3320. After breaking through, the upward trend will continue. The bullish targets are 3330 and 3350 respectively. If it is blocked near 3350, you can consider selling
Technical Analysis (15 min – XAUUSD)
1. **IRL FVG (Fair Value Gap) Zone**:
* Price has tapped into a major FVG labeled “IRL FVG.”
* Strong bullish reaction from that area suggests potential accumulation or mitigation.
2. **Market Structure**:
* There was a sharp bearish move right after taking liquidity above the "Initial Expansion Targets."
* After the drop, price begins to show potential bullish structure (possible market structure shift with bullish engulfing candle).
3. **Key POI (Point of Interest)**:
* A possible buy entry is marked with a ❤️ right after the bearish impulse, likely indicating a confluence of FVG + breaker/block + liquidity grab.
* There is also a visible **candle body gap** being partially filled.
4. **Likely Scenario**:
* If price holds above the grey FVG zone, we could see bullish continuation toward higher inefficiencies or unfilled targets.
* Buyers seem to have stepped in after a liquidity sweep, indicating short-term bullish momentum.
---
### 🧠 **Conclusion (Bias)**
* **Short-term bias**: 🔼 **Moderately bullish**, as long as price holds above the IRL FVG and local FVG.
* **Potential targets**: Retest of the -1 level or higher (-2), depending on bullish follow-through.
* **Invalidation**: A clean break below the 1.597 level (marked at the bottom) would likely invalidate the bullish idea.
Is the gold market ushering in betting?
📌 Gold driving factors
There are two aspects to look at the impact of April non-agricultural data on the gold market.
One is the data itself and the existing economic environment, and the other is combined with the technical aspect.
The market itself is troubled by the tariff issue. Whether it is the US stock market or the US dollar, it needs good economic data to boost it. Once the April non-agricultural performance is poor, the market sell-off will be out of control, and it also means that the risk of US economic recession is increasing.
Secondly, good data performance reduces the Fed's expectations for rate cuts. As we all know, the Fed's expectations for rate cuts or rate cuts are theoretically good for gold prices, and vice versa.
The cooling of the tariff issue may come soon, which is also not conducive to the rise in gold prices, but cooling does not mean the end, and the final achievement will definitely take some time.
📊Comment Analysis
"After experiencing short-term fluctuations, the price of gold appears to be relatively stable around $3,250. If it is to rise further, it must break through the $3,300 mark. But whether the market is ready to break through this point remains to be seen."
At present, gold is still in a continuous adjustment trend. Although it retreated to the 3,200 line on Friday and then rose again, it is still under pressure below the opening of the 3,265 decline. This is also the pressure level we need to pay close attention to next Monday!
The sideways trading period on Friday is long enough, and it is time for a breakthrough. So how should we arrange the market next week? It should not rise, but it will fall instead. It is not difficult to understand the trend on Friday. If it rises in the morning next week, it should be noted that the upper 3,265 is the watershed. If it breaks through, it will continue to rise, but if it is still under pressure, it is our opportunity to enter the short position!
💰Strategy Package
Operation ideas for next week:
Short at 3265 gold, stop loss at 3275, target 3230-3220;.
The market fluctuates violently, and real-time entry and exit are mainly based on real-time guidance!
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Is GOLD still rising star? XAUUSD AnalysisHello everyone!
i Want share my idea about gold price action.
End of April we had some correction but beginning of May it still has buyer and why? at global market we see still misunderstanding, America and China still talk about rates, final talk will be soon between that to giant country, Russia-Ukraine war plus we have very hard situation between India and Pakistan, everyone was expecting peace, after trump inauguration, but how we see we are still far, no one knows what will be next and for big investors gold is safest place to invest money. If we look at gold for long term we can see it has pretty strong bull run.
For me i have other view - China and America will deal about rates, which will give market better view, i think before it will happen, Gold will test new High, where it will find sellers and from there we will have 2 quarter Bearish trend. New high will be between 3500 - 3550, also if we look at Dollar index (DXY) at 1D chart it found buyers and slowly showing reversal, but don't forget 1W chart because there we had 1W consolidation from 2023 and the last fall was stronger than other falls, at technical it tested weekly Fair Value Gap, but i cant see any reason yet for fall.
I think Gold will show us new high which will be between 3500 - 3550 and then we will get bearish trend and we will see correlation with dollar and dollar will start bullish trend.
With technical i will use simple technic, gold tested today daily fair value gap and it got strong reaction, we have resistance + 2h FVG but for me it will be not hard for gold to brake it.
This analysis is from my experience, i am not financial advisor.
FOR COLLABORATION TEXT ME !
ALWAYS MAKE YOUR OWN RESEARCH !
Gold Potential Bullish ContinuationAfter a considerable retracement, Gold price still seems to exhibit signs of overall Bullish momentum as the price action may form a credible Higher Low with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity.
Trade Plan:
Entry : CMP 3220
Stop Loss : 2946
TP 0.9 - 1 : 3490
Gold 100% Profit SignalTechnical analysis of gold: Gold has fallen after rising, and there is a large room for gold to fall, from 3438 to 3360 now, with a fluctuation of nearly 78 US dollars. Under this change, we should pay attention to whether the long and short changes of gold will continue. From the perspective of cyclical performance, there is a high possibility of a wave of adjustment space after three consecutive positive lines on the daily line, and the intensity of this adjustment will not be small. It is possible that the big negative line swallows the positive line and directly falls below 3300. If it comes out like this, then it can be said that it is difficult for gold to rise this week. On Thursday and Friday, it may fluctuate and fall or fluctuate at a high level.
From the perspective of the 4-hour cycle, a big negative line closed, covering the previous positive lines, and breaking the support of the 5- and 10-day moving averages. This wave may continue to fall to the Bollinger middle rail near 3300, but if it is a high-level shock and the Bollinger middle rail is not broken, it may rise again to the high point of 3430. Therefore, gold has experienced large ups and downs in this cycle, and now it is possible to rise or fall. In the short-term cycle, we will first focus on the support effect of 3360-3350 under the weakness of the early trading. If it is not broken, we can continue to be bullish. The upper target is 3400, and if the strength is strong, we will look at 3430. On the whole, the short-term operation strategy for gold today is to mainly short on rebounds and to do more on pullbacks. The short-term focus on the upper side is the 3400-3405 line of resistance, and the short-term focus on the lower side is the 3350-3300 line of support.
Short order strategy:
Strategy 1: When gold rebounds to around 3397-3400, short sell (buy short) in batches, 20% of the position, stop loss 6 points, target around 3360-3330, break the position and look at the 3300 line
Long order strategy:
Strategy 2: When gold falls back to around 3300-3305, buy long positions in batches (buy up) with 20% of the position, stop loss 6 points, target around 3330-3350, break the position and look at 3370
Gold Price Analysis: Bullish Breakout Above Symmetrical Trianglea bullish breakout above a symmetrical triangle pattern. The price surged past the resistance, moving within an upward channel. Key resistance levels are noted at 3,430 and 3,470, indicating potential bullish targets. The current price is 3,392.10, reflecting a -1.15% decline. Traders should watch for consolidation before the next upward move.
The chart shows that gold prices recently broke out of a triangle pattern, moving upwards in a channel. The price is currently around 3,392, with possible targets at 3,430 and 3,470. This breakout suggests that gold may continue to rise after some consolidation.
Going Long On GoldGold (XAUUSD) Elliott Wave Analysis – Wave 5 Targeting New Highs
Gold has been exhibiting strong bullish momentum since yesterday, and based on the 4-hour Elliott Wave structure, we are currently in Wave 5 of a classic 5-wave bullish impulse. This final wave often aims to surpass previous highs, and with gold recently reaching an all-time high of $3,500.33, the current price action suggests a potential move to establish new record levels.
Key Levels to Monitor:
Resistance: Previous all-time high at $3,500.33
Support: Prior Wave 4 low, serving as dynamic trailing support
Traders should watch for a decisive break above the $3,500.33 level, which could confirm the continuation of Wave 5 and signal further upside potential. Conversely, failure to breach this resistance may indicate the onset of a corrective phase.
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold has climbed higher into our 0.365% zone, which I highlighted on yesterday's analysis. We will keep a close eye out to see if price action offers any rejection around this zone, for sellers to kick in. However, the closer it gets to the ATH, the higher chance of it creating a new ATH.
Gold 15m – Zigzag in Progress or Start of a Larger Correction?This analysis presents a short-term Elliott Wave count on Gold (XAUUSD) in the 15-minute timeframe.
The current structure suggests a standard Zigzag correction (5-3-5) unfolding from the recent high:
Wave A formed a clean 5-wave impulsive decline
Wave B developed as a contracting triangle (A-B-C-D-E)
Wave C appears to be in progress, with projected targets between 3170–3090
🔴 Invalidation level:
A break above 3248 invalidates this scenario and suggests that the correction is either complete or transforming into a different pattern.
🌀 Alternative Scenarios:
If price fails to reverse within the key support zone (3170–3090) or extends much deeper:
We may be witnessing Wave 3 of a higher-degree Zigzag
Or, this drop may be Wave A of a larger Flat correction in development
🗨️ What’s your view?
Do you agree with the Zigzag count?
Or do you expect a deeper, more complex correction to unfold?
Share your take in the comments below 👇
### Technical Analysis of Gold 4 Hour(XAU/USD) ### Technical Analysis of Gold 4 Hour(XAU/USD)
#### Overview
The chart displays the 4-hour price action for Gold (XAU/USD) with various technical indicators, including Simple Moving Averages (SMA) and Exponential Moving Averages (EMA), along with support and resistance levels. The displayed time frame suggests that this analysis focuses on short to medium-term trading strategies.
#### Current Price Action
- **Current Price**: The price of Gold is currently at approximately **3,325.13**. The price has recently bounced off a significant support level and is in a critical zone, indicating potential price action volatility.
#### Trend Analysis
- **Long-Term Trend**: The blue diagonal line illustrates an upward trend that started in early April. Gold’s price has consistently been above this trendline, indicating bullish sentiment in the market.
- **Short-Term Trend**: In the last week, the price peaked around **3432** but has since retraced towards the trendline. The price action suggests a consolidation phase currently on the chart.
#### Indicators
- **Moving Averages**:
- **SMA(50)**: It is bullish at **3,312.79**as the price remains above this moving average.
- **SMA(20)**: The shorter SMA at **3,363.54** indicates potential short-term resistance.
- **EMA (20)**: The EMA is slightly below the price at **3,295.59**, offering support if the price approaches this level.
The proximity of the price to the moving averages indicates an area of dynamic support and resistance, where traders may look for guidance on entry and exit points.
#### Support and Resistance Levels
- **Resistance Levels**:
- Clear resistance is observed at **3355/3370**
- The upward red trendline 3400/3416/3480 could also serve as dynamic resistance in the future.
- **Support Levels**:
- Strong support is found at **3,288.92**, coinciding with the recent consolidation's lower edges. The blue trendline provides additional support near **3,290**.
- Key support levels below are **3,264** and more significantly around **3,220 and 3,144**.
#### Price Patterns
- The chart displays a potential pennant formation, which generally precedes continuing the existing trend. Traders should be alert for breakout signals, either above resistance or below support, suggesting potential price movement toward the breakout.
#### Trade Considerations
- **Bullish Scenario**: A bullish breakout above the resistance level of **3365** with increasing volume could cement a further move towards the highs around **3410** or **3480**.
- **Bearish Scenario**: Conversely, a decisive break below the **blue trendline** or **support at 3,280** may trigger further downside with targets around **3,230/3200/3140** or lower.
#### Conclusion
The current price suggests that Gold is testing critical support levels while remaining in a longer-term uptrend. Traders should look for confirmation of direction through breakout patterns, volume, and market context. Monitoring economic data affecting Gold prices and general market sentiment will also be essential for making informed trading decisions.
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼 OANDA:XAUUSD
Gold delivering excellent Trading opportunitiesTechnical analysis: Gold is consolidating on Hourly 4 chart after it entered my expected #3,342.80 - #3,322.80 Neutral Rectangle zone with #3,342.80 as an possible stop and local High’s. Upper maximum extension can reach #3,352.80 benchmark / Hourly 4 chart’s extension if Resistance breaks. Both ways, I doubt that Neutral candles will last for long as Gold will be ready for another Buying or Selling sequence, where another slide might be in the aftertime. It is important to note that DX found the Support and engaged the spiral recovery (# +0.81%) which can add Selling pressure on Gold. I will use this configuration and observing market closing (closing below #3,312.80 confirms the downtrend extension), where Gold is Technically ready for #3,300.80 - #3,252.80 benchmark test. DX however remains merely Neutral on bigger charts however near Lower High’s peak, adding Volatility on Gold counterbalancing mixed values on Yields. This gives me the impression that Gold has at the moment more probabilities to a Short-term uptrend than break below the Support zone. Gold continues to be contained within parabolic uptrend however isolated within Neutral range for the last #1 - #2 consecutive sessions. Daily chart is on (# +0.58%) switch and represents an cautious fractal. Keep in mind that the Medium-term pattern on Daily chart is an Ascending Channel and Gold is on its Higher High’s decimal zone with Lower levels being a potential Lower High’s Target. Total Neutrality and balance between the Support and Resistance lines is consolidation phase of next major move ahead.
My position: I have expected #3,300.80 benchmark touch throughout yesterday's session where I engaged Selling order on #3,345.80 (entry point). Due news outcome, #3,352.80 was tested which triggered my Stop-loss and left me without any orders. Later on, Gold dipped towards #3,300.80 benchmark (what I did expect) as I managed to re-Sell Gold on #3,322.80 and close the order on #3,307.80. I am without any orders as Gold is Trading within Neutral Rectangle. I will Trade the break-out of values I explained above.
XAUUSD H4 CHART PATTERNResistance Level: $3,500
Target Point: $3,203
Support Level: $2,977
Technical Analysis:
The recent price action suggests that gold has formed a bearish pattern, indicating potential downward movement. The resistance at $3,500 serves as a significant barrier, and failure to break above this level could reinforce bearish sentiment. The support at $2,977 is a critical level to watch; a break below this could confirm the bearish trend and lead to further declines toward the target point at $3,203.
Market Indicators:
Moving Averages: The price is currently trading below key moving averages, indicating a bearish trend.
Gold Technical Analysis.The chart you uploaded shows the price movement of gold (XAUUSD) against the US dollar on the 1-hour timeframe, as displayed on TradingView.
Key observations:
1. Uptrend Channel: The first green rectangle highlights a rising channel, indicating an upward trend in the gold price.
2. Consolidation Phase: The second green rectangle shows a period of sideways movement after the initial uptrend.
3. Breakdown and Recovery: The price broke below a key support level (around 3,333.554) and moved down to approximately 3,307.690, indicating a bearish move.
4. Projected Recovery: The chart shows a potential bullish recovery, aiming for a target of around 3,360.
The chart suggests that after the breakdown, the price is expected to recover towards the target level. The projection seems to indicate a rebound from the current low.
Would you like insights on trading strategies for this setup?