Gold price breaks through 3400. Bulls take control?Gold price breaks through the 3400 resistance level I predicted. And there is a trend of continuous rise.
Next, Quaid will comprehensively analyze the current market situation for all traders.
Technical analysis:
From the daily chart, the gold price has broken through the important resistance level and formed a strong upward trend. Currently trading above $3400, it has successfully broken through the key resistance range of $3385-3400. The Bollinger Band indicator shows that the middle track is at 3231.01, the upper track is at 3485.06, and the lower track is at 2976.97, indicating that the current price is near the upper track of the Bollinger Band, showing strong upward momentum.
The RSI indicator shows that the current value is 64.8, which is in the neutral to strong area, and has not yet reached the overbought level, and there is still room for growth.
Quaid believes that in the short term, if gold stabilizes above $3,400, it may hit $3,430-3,450. Once it breaks through, it will open up the possibility of a higher price.
Market sentiment observation:
The current market sentiment is clearly biased towards risk aversion, and global geopolitical tensions have become the main driving force for gold to rise. The continued tension of geopolitical conflicts and political uncertainty in Germany have prompted market participants to seek safe assets. At the same time, expectations for the Fed's future monetary policy shift are also increasing. Although the possibility of a rate cut in May is extremely low, the probability of a rate cut in the June meeting is close to 30%.
Liquidity indicators show that the trading activity in the gold market has increased and institutional funds continue to flow in, indicating that bullish sentiment in the market has the upper hand in the short term. Technical indicators have not shown obvious overbought signals, which means that the current rally still has room to continue. Compared with other asset classes, gold's relative strength is outstanding, especially in the context of the possible challenges to the status of the US dollar as a safe haven asset.
Outlook for the future
In the short term: Gold prices may continue to rise to test the $3,400-3,500 area. The Fed's decision will be a key trigger for gold prices in the near term. If the Fed shows a dovish attitude, gold prices are expected to further break through historical highs.
Medium term: Global geopolitical uncertainty is expected to continue to support gold prices. If geopolitical conflicts escalate further or the situation in the Middle East deteriorates, safe-haven demand may push gold prices to hit the $3,600 level. At the same time, market expectations of a shift in the Fed's monetary policy will be another key factor affecting gold prices.
Long term: From a macro perspective, the current combination of slowing global economic growth and geopolitical tensions will continue to provide support for gold.
XAUUSDG trade ideas
Gold operation strategyFrom the 4-hour analysis, gold bulls are making another strong impact. On the top, we pay attention to the short-term suppression of 3385-90 and the suppression of 3400. On the bottom, we pay attention to the short-term support of 3350 and the important support of 3336-40. In terms of operation, we mainly buy when the price falls back. In the middle position, we always watch more and do less, and follow up orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: Buy when gold falls back to 3350-53, and cover long positions when it falls back to 3336-40, stop loss 3327, target 3380-3385, and continue to hold if it breaks;
Gold Eyes $3,418 as Bullish Channel Holds Gold (XAUUSD) Analysis – May 6, 2025
📈 Technical Outlook: Gold Eyes $3,418 as Bullish Channel Holds
Gold continues to trade within a rising channel on the 30-minute chart, with price currently near the mid-range around $3,373.
Two likely scenarios:
Bullish breakout toward $3,418 if minor resistance fails.
Or a healthy pullback to $3,360–$3,345 support zone before resuming upward.
Support levels: $3,370 (minor), $3,345 (strong).
Resistance: $3,418, a key decision zone at the channel top.
Short-term bias: Bullish, unless the price breaks and closes below $3,345.
🔍 Headline: “Gold Holds Above Key Support, Eyes Fresh Highs Toward $3,418 Within Bullish Channel”
🌍 Fundamental Outlook: Gold Supported by Fed Dovishness & Geopolitical Tensions
Fed Policy Watch: Traders anticipate potential rate cuts later in 2025. Any dovish commentary this week will boost gold.
U.S. Dollar Pressure: A softening dollar adds tailwind to gold prices.
Bond Yields: Moderating U.S. Treasury yields reduce gold’s opportunity cost.
Safe Haven Demand: Ongoing tensions in Ukraine, Middle East, and uncertainty in global equities maintain demand for gold.
Central Bank Buying: Continued accumulation by central banks (e.g., China) lends structural support.
GOLD PLAN UPDATE 06/05/2025 - 2PM UTC• Gold surges to $3,38x/oz on dovish Fed bets, geopolitical risks, and safe-haven demand.
• Fed pivot hopes fuel upside as weak data boosts rate cut odds.
• U.S.-China trade tensions and Middle East unrest lift safe-haven flows.
• Weaker USD adds support; central banks continue strong buying.
• Growth and inflation fears keep gold bid.
🎯 Key Levels:
• Resistance: $3,400–$3,420
• Support: $3,300–$3,310
🟢 Buy Zone 1: $3,355–$3,360
- SL: $3,350
- TP: $3,380–$3,385
🟢 Buy Zone 2: $3,300–$3,320–$3,330–$3,340
- SL: $3,320–$3,280
- TP: $3,390–$3,400–$3,450–$3,500
🔴 Sell Zone 1: $3,395–$3,400–$3,410
- SL: $3,405–$3,420
- TP: $3,370–$3,365–$3,350–$3,340
🔴 Sell Zone 2: <$3,300
- SL: $3,320
- TP: $3,250–$3,200
• Use tight stop-losses tailored to timeframe (5–10 prices for scalping; 20–30 for intraday/swing).
• Limit risk per trade to 1–2% of account equity.
• Stay alert to real-time Fed commentary, tariff news, and geopolitical headlines for sudden volatility spikes.
XAUUSD – The Setup’s Already BreathingFlipped to the 15M so they don’t see the precision… but this is 5M business.
IDM below that HH is baiting price back in—liquidity needs to get swept.
Once the zone’s kissed, I’m hunting the micro LH to get smoked.
The move’s already loaded… just waiting on the trigger.
They watching. I’m waiting. That’s the difference.
Bless Trading!
Daily Analysis- XAUUSD (Tuesday, 6th May 2024)Bias: Bullish
USD News(Red Folder):
-None
Analysis:
-Strong bullish momentum
-Looking for price to reach 0.618 fib level
-Potential BUY if there's confirmation on lower timeframe
-Pivot point: 3300
Disclaimer:
This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
Gold technical analysis, May 5-6📊Today, gold once again showed strong performance, rising rapidly during the session, breaking through the previous shock consolidation range, and basically no obvious correction, directly rising to the expected first target of 3310, and the strong market fulfilled the risk aversion expectations. However, it should be noted that once the risk aversion sentiment is released in the short term, the market is often accompanied by a rapid decline after the surge, so it is not suitable to blindly chase the rise at this stage.
📊The 1-hour moving average system began to turn, indicating that the short-term bullish momentum has weakened;
🔰The current price is approaching the previous strong resistance area (3328-3330), which is an important starting point for the previous round of decline;
🔰From the perspective of the fluctuation rhythm, this round of rise has basically not made a decent retracement, so the bulls are already in a high-risk range;
🔰Before there is an effective consolidation or retracement confirmation, the risk of chasing more is high, and the short-term is more inclined to a correction.
🔴Upper resistance: 3328-3330, if this area is repeatedly blocked, you can try to intervene with short orders;
🟢Lower support: 3260-3252, if it pulls back to this area and stops falling and stabilizes, you can consider participating in long orders.
✅If the gold price continues to be under pressure in the 3325-3330 range during the U.S. market, short orders can be placed first, with the target looking at the 3270-3260 area, and the stop loss is recommended to be set above 3335; if there is a rapid retracement and cannot break 3252, you can still consider going long in the future to win a new round of rise.
✅The short-term rhythm of gold is fast, and it is greatly affected by the news. The market may have a unilateral trend of "breaking through but not falling back". Therefore, it is necessary to make flexible adjustments according to the actual strength of the market, and do not blindly chase the rise or fall.
XAU/USD "The Gold" Metal Market Heist Plan (Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XAU/USD "The Gold" Metal Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk GREEN MA Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The heist is on! Wait for the Neutral Level breakout then make your move at (3260.00) - Bearish profits await!"
however I advise to Place sell stop orders above the Moving average (or) after the Support level Place sell limit orders within a 15 (or) 30 minute timeframe most NEAREST (or) SWING low or high level for Pullback entries.
📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
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📌Thief SL placed at the nearest/swing High or Low level Using the 3H timeframe (3360.00) Day/Scalping trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 3170.00 (or) Escape Before the Target
💰💵💸XAU/USD "The Gold" Metal Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
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Let's wait for gold to break new highs
Today, the price of gold bottomed out and rebounded, breaking through the expected dividing point of 3260.
At this time, many traders need to learn to adjust their thinking.
If it is a retracement, on the one hand, the price will not break through and open a decline, and on the other hand, after the force is too strong, it must be a position adjustment and a reverse long.
Even if you don’t go long, you can’t go short easily. In many cases, the rules of trading must be followed.
The second rise from the low point to the high point just corrected the 382 support 3252 and continued to rise and break the high. It depends on whether you have the courage to enter the market.
The intraday increase of 80 US dollars +, today there is only one idea, continue to go long;
The support level refers to 3210 and 3215, you can go long in batches, with 3290 as defense, and continue to watch the gold price break high!
After the strength, there will be a second high point!
Thank you dear traders for reading, if you like it, please tell me
XAUUSD: Mayali Signals - Premium Insighthe market surged like a tidal wave—swift, unexpected, and bold. But every wave eventually pulls back.
At $3,312, our system triggered a high-conviction SELL, backed by three signals; Overextension beyond psychological barrier $3,310, Exhaustion candlestick with low follow-through, and Divergence from momentum indicators on the 1H frame.
My Recent Long Trade on XAUUSD | Bullish Crab Pattern
Weekly:: Price was reacting from the weekly key level of rejection block(wick)
Set Up: Bullish Crab Pattern on H1, the d-leg PRZ aligns with the weekly key level of rejection block. so bc projection of the d leg of 1.618 was fully tested and confirmed.
ENTRY: Entry was on H1 support after M15 CHOCH. Supply to Deman Flip entry model can also work here. sniper entry at H1 support.
H1 support entry, (sniper)
TP1 AT 0.382 WAS ACHIEVED ( Trade mgt, moved sl to breakeven)
TP2 AND TP3 WAS HIT AT 0.618 AD 0.786 Respectively.
that was how we made 1:7.4 R:R on Gold.
Hope you got value from this analysis. chat soon guys and drop your comments below.
XAUUSD - Gold Trend Before FOMC!Gold is trading above its EMA200 and EMA50 on the 4-hour timeframe and is trading on its uptrend line. A continued upward move in gold will put it in the supply zone, where it is possible to look for short positions. A downward correction in gold will also open up long positions.
Gold traders endured another turbulent week, marked by the second consecutive decline in prices—once again underscoring the market’s acute sensitivity to economic news and developments.
Adrian Day, CEO of Adrian Day Asset Management, offered a cautiously humorous take on the situation by likening it to the Peggy Lee song that asks, “Is that all there is?” He pointed out that gold has pulled back by over 7% from its recent high in less than two weeks.Although this correction is notable, it hasn’t been deep enough to flush out all short-term traders or weak-handed investors from the market.
Day added that rising fears of a U.S. recession—which typically exert early downward pressure on gold—alongside the possibility of easing U.S.-China trade tensions, may limit investment demand for gold in the short term. Concluding his comments, he maintained a cautious stance, saying that further downside remains likely and that his outlook for the coming week is bearish.
Meanwhile, U.S. President Donald Trump, in a new interview with NBC, addressed several key economic and political issues. He stated that if necessary, the deadline for selling TikTok would be extended, and some tariffs on Chinese goods might become permanent. Nevertheless, he indicated that he is also considering reducing certain tariffs in the future.
Trump emphasized that small businesses do not require additional assistance and that the Federal Reserve should cut interest rates. He confirmed that Jerome Powell will remain Fed Chair through the end of his term in 2026. He also mentioned potential successors for his own position, naming Vance and Rubio as possibilities.
After a week dominated by employment data, the upcoming week will be entirely focused on monetary policy. The centerpiece will be the May FOMC meeting, the Fed’s rate decision, and Jerome Powell’s press conference on Wednesday. While markets broadly expect the Fed to hold rates steady, Powell’s official remarks and answers to press questions—especially following his sharp tone earlier in April—will be under close scrutiny.
It is widely expected that the Federal Reserve will leave its key interest rate unchanged on Wednesday, as policymakers assess how President Trump’s tariffs gradually impact various sectors of the economy. Markets are currently pricing in a potential rate cut starting in July. The Fed’s dual mandate is to maintain low inflation and high employment, and it may face a dilemma if tariffs negatively affect both indicators, as many economists now warn.
Immediately following the Fed meeting, senior policymakers including Barr, Kugler, Waller, and Cook will travel to Iceland to attend the Reykjavik Economic Conference. On Friday, they will participate in panels discussing artificial intelligence, labor market trends, and monetary research—topics that could offer insights into the Fed’s long-term policy direction.
Simultaneously, traders are also awaiting two key reports: the ISM Services Index for May, due today, and weekly jobless claims figures set for release on Thursday. Together, these reports will help complete the picture of the U.S. economy as critical monetary policy decisions approach.
Gold Outlook: After Breaking 3,260 — Is 3,000 the Magnet?Gold Weekly Forecast
Gold closed last week below the previous weekly lows at 3,260, confirming bearish intent. Price has now left behind multiple imbalances from the bullish leg that started at the 3,000 level.
We could first see a retracement to the small imbalance zone around 3,300, followed by a bearish continuation back to the main support/imbalance zone near 3,000.
Sideways price action is likely early in the week — but unless bulls reclaim 3,300+, momentum favors a retest of the base.
Bias: Bearish
Key Zones:
• Resistance / Rebalance: 3,300
• Support / Imbalance Target: 3,000
—
Weekly forecast by Sphinx Trading
Drop your view in the comments.
#Gold #XAUUSD #GoldForecast #LiquidityVoids #TechnicalAnalysis #SphinxWeekly #SmartMoney #FVG #3kLevel
Gold fell as expected. What will happen next week?Gold fell within the range expected by Quid. Although it rebounded slightly, the final result did not change. Will the direction of gold change next week?
Quid's analysis:
Gold's 1-hour moving average is downward, and there is a trend of continuous downward development; gold is currently under pressure from the 3270 line, so 3270 will still be the key turning point for gold bears next week. Although gold has rebounded slightly, the magnitude of the decline is not large; if the upward resistance level of 3270 fails to break through next week, it may be in a sideways fluctuation.
The downward trend will not reverse for the time being, unless major news is released on the weekend, which directly affects the gold market.
Quid believes that the ups and downs of the market are normal. Gold has fallen by about $300 from its high point, and the overall trend in the near future is still downward; it continues to fall after a small rebound, which means that the strength of gold bears is still there.
Quide believes that it is always easy to follow its trend; violating its rules always makes oneself exhausted; the market is always right, and standing on the opposite side of the market will always be taught a lesson by the market. In the face of the overall trend, traders should not be lucky, and the market will not forgive your mistakes again and again.
Operation strategy:
Short around 3270, stop loss at 3280, take profit around 3220;
5/9 Gold Trading SignalsLong time no see, my friends! My holiday trip is about to end. I attended two weddings during this trip, which was unforgettable! I hope that everything goes well for everyone during my absence!
Gold has risen recently and returned to above 3400 again. Although it has fallen back in the past two days, the current technical level shows that the bulls are not over yet! This means that if there are friends who buy at high prices, they will have a chance to get out of trouble without doing other operations!
From the current pattern, it is in the stage of triangle consolidation. It is necessary to pay attention to the resistance of the 3360-3382 range. If the price falls under pressure at this position, we need to observe the support of the 3300-3280 range to determine whether it can form a short-term double bottom pattern or a head and shoulders bottom pattern again, so as to support the bulls to run again.
Based on the above analysis, today's trading suggestions:
Sell in the 3364-3386 range
Buy in the 3318-3302 range
Flexible trading in the 3323-3362 range
Gold long and short repeated operation
📌 Negative driving factors
Gold prices fell below $3,320/ounce on Thursday as the US-UK trade agreement improved risk appetite. Gold fell nearly 4% in two days as the US-UK agreement boosted risk appetite and demand for the US dollar.
📊Comment analysis
Gold fell directly at the opening of the Asian session today, and did not provide a good position for short selling. However, it rebounded and rose later, regaining its footing at 3,330. The short-term price fluctuated between long and short.
💰Strategy Package
🔥Sell Gold Zone: 3351-3353 SL 3358
TP1: $3340
TP2: $3330
TP3: $3320
🔥Buy Gold Zone: $3232 - $3234 SL $3227
TP1: $3245
TP2: $3260
TP3: $3270
⭐️ 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 capital account
- Stop loss is 1-3% of the capital account
GOLD → sideways fluctuations. Will it break the resistance levelNews summary:
US President Trump announced a trade agreement with the UK, which raised hopes of reaching such an agreement with other countries, eased market tensions, suppressed gold's safe-haven buying, and the rise in the US dollar, US stocks and US bond yields also suppressed gold prices. US Treasury Secretary Bensont and Trade Representative Greer will talk with China's top economic officials in Switzerland in the near future.
Quaid reminds everyone that market concerns have not completely dissipated, and it is necessary to pay attention to the support of bargain hunting. The European Commission said earlier that if negotiations with Washington fail to cancel a series of tariffs imposed by US President Trump, the EU is considering taking countermeasures against US imports worth up to 95 billion euros. Close attention needs to be paid to news related to the international trade situation and changes in market sentiment during this trading day.
Support level analysis:
3310-3300 US dollars/ounce: 3300 US dollars is a psychological barrier and technical support for the confirmation of the previous price retracement. If it falls below 3300, it may fall to the 3280 US dollar area.
Resistance level analysis:
3360-3375 USD/ounce: Gold is currently above the convergence and oscillation range. 3360-3375 USD is the high pressure level of the previous day's box consolidation. If it breaks through this position strongly, the upward space will open up.
Technical analysis:
Gold is in a high-level oscillation and convergence range. The 4-hour MACD indicator shows that the short-selling momentum is weakening, but the hourly chart shows that the price is still constrained by the downward trend line. If gold prices stabilize at $3,300, it may trigger a rebound to $3,350-3,360; if it falls below $3,280, it may accelerate the downward trend. if it falls below 3280 USD, it may accelerate the downward trend.
Operation strategy:
Bull strategy: Long at 3315-3325 USD, stop loss at 3305 USD, target position at 3350-3360 USD.
Short strategy: short at $3365-3375, stop loss at $3380, target position at $3330-3300.