GOLD BEARS ARE STRONG HERE|SHORT
GOLD SIGNAL
Trade Direction: short
Entry Level: 3,336.38
Target Level: 3,250.04
Stop Loss: 3,393.93
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 5h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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XAUUSDG trade ideas
From Congestion to Collapse: Understanding Distribution and H&S A Simple Lesson: How to Identify Congestion Zones in the Market — Schabacker’s Approach and the Head and Shoulders Pattern
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👤 Who Was Schabacker?
🔹 Richard Schabacker was one of the pioneers who authored seminal works on technical analysis.
🔹 He lived over 90 years ago and served as Editor-in-Chief of Financial World magazine.
🔹 His most notable book is:
Technical Analysis and Stock Market Profits
🔹 Published around 1932 in the United States.
🔹 Schabacker is often considered the “grandfather” of technical analysis, and much of the methodology traders use today can be traced back to his insights.
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🟢 What Did He Teach?
🔹 Schabacker introduced a critical concept:
✅ The Congestion Zone
🌟 What Does It Mean?
When the market makes a strong move—either a sharp rally or a steep decline—price often becomes trapped in a range:
• Buyers at higher levels wait for further gains.
• Sellers at lower levels expect more downside.
But in reality, retail traders aren’t moving the market. Large institutions and funds—the so-called smart money—are in control.
👈 When these big players want to exit positions, they avoid selling everything at once to prevent a sudden collapse in price and to avoid revealing their hand.
✅ Their Playbook:
• Keep price contained within a narrow band between support and resistance.
• Gradually increase volume over time.
• Attract new buyers who believe the trend is still intact.
• Quietly distribute their holdings without alarming the market.
🌟 Why Do They Do This?
If they were to dump all at once:
• Price would drop rapidly.
• Everyone would realize a large seller was active.
• Institutions would get stuck, unable to exit at favorable prices.
🔻 So They Create Congestion and Distribution:
1️⃣ Sell discreetly over time.
2️⃣ Maintain the illusion that the trend is healthy.
3️⃣ Trap latecomers who buy into the range.
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🟢 How Do You Recognize This on a Chart?
🎯 A Simple Example:
• Price climbs steadily from 3,000 to 3,300.
• Suddenly, it surges to 3,450.
✅ Most traders think the rally will continue.
🌟 What happens next:
• Price stalls between 3,380 and 3,450.
• Numerous candles form in this area.
• Volume remains elevated.
🔥 Inside this range:
1️⃣ Institutions sell into every upward move.
2️⃣ Early buyers remain committed, hoping for new highs.
3️⃣ New participants enter, unaware of the distribution.
🔻 What Do You See?
• Repeated candles oscillating within the same band.
• Failed breakouts above resistance.
• Sustained high volume.
✅ This is the classic Congestion Zone.
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💡 How Can You Tell If It’s Distribution, Not Accumulation?
• Persistent high volume indicates steady selling.
• Price struggles to make fresh highs.
• Long upper wicks signal selling pressure.
• A Head and Shoulders pattern may start forming.
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🎯 What Happens After Congestion?
• Institutions complete their distribution.
✅ Price breaks sharply below the range.
✅ The market drops quickly.
✅ Late buyers are forced to sell at losses.
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🟢 Practical Illustration:
Visualize the range like this:
| |
| The Range |
| |
3380 ————> Resistance
| Multiple Candles |
| Multiple Candles |
| Multiple Candles |
3300 ————> Support and Neckline
✅ If price breaks below 3,300 on heavy volume:
• The distribution is complete.
• Price declines rapidly.
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📌 Key Takeaway:
After any strong move, expect congestion as large players exit. Once they’re done, the trend often reverses.
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🎯 Quick Tips:
✅ Never rush to buy inside congestion after a big rally.
✅ Watch volume—if it’s high, it’s likely distribution.
✅ Wait for a clear breakdown before shorting.
✅ Your target should at least match the size of the preceding move.
⸻
🔥 Let’s Cover the Head and Shoulders Pattern:
✅ What Is It?
A reversal pattern appearing after a strong uptrend, signaling the end of bullish momentum.
⸻
✅ Pattern Components:
1️⃣ Left Shoulder:
• Price makes a high.
• Pulls back.
2️⃣ Head:
• Rallies to a higher high.
• Declines again.
3️⃣ Right Shoulder:
• Attempts to rise but fails to exceed the head’s high.
4️⃣ Neckline:
• Connects the lows between the shoulders and the head.
🔻 When the Neckline Breaks Down:
It’s a strong sell signal. The market often drops decisively.
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💡 Example in Numbers:
• Price moves from 3,200:
1️⃣ Up to 3,350 (Left Shoulder)
2️⃣ Down to 3,300
3️⃣ Up to 3,400 (Head)
4️⃣ Down to 3,300
5️⃣ Up to 3,350 (Right Shoulder)
6️⃣ Down to 3,300
✅ If price closes below 3,300 on strong volume, the pattern is confirmed.
🎯 Target Calculation:
• Head = 3,400
• Neckline = 3,300
• Distance = 100 points
• Target = 3,200
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🟢 How To Trade It:
1️⃣ Don’t preemptively sell during the right shoulder.
2️⃣ Wait for a confirmed breakdown.
3️⃣ Enter a short position targeting 3,200.
4️⃣ Set your stop loss above the right shoulder.
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🟢 Final Advice:
✅ The Head and Shoulders is powerful if confirmed by volume.
✅ Always wait for the neckline break—otherwise, it could be a false signal.
✅ Keep monitoring volume for confirmation.
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🔥 Be disciplined in your analysis and decisive in your execution.
🔥 As Warren Buffett said:
“The stock market is a device for transferring money from the impatient to the patient.”
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If you found this valuable, let me know—I’d be glad to prepare more lessons. 🌟
XAU/USD 4H – Retracement or Rejection? Key Levels to WatchGold bulls made a strong push out of the descending channel, but now the real test begins. The market is currently in retracement mode after a sharp impulse, and the next move will be decisive.
🔹 Channel Breakout & Retest in Play:
Price broke out of the descending channel with momentum and hit the $3,357 region before pulling back. We're now hovering around the 0.236 Fib at $3,331 — with the 0.382 and 0.618 Fib zones below offering potential long entry confluence.
🔹 Fibonacci Cluster Support Zone:
Between $3,314 – $3,287 lies a high-probability demand zone, where multiple Fibonacci levels converge with the broken channel top. This area also aligns with the 50 EMA, creating a pocket for bullish continuation — if held.
🔹 RSI Divergence to Watch:
RSI shows signs of slowing bullish momentum after peaking, which suggests this retracement could deepen toward the 0.5–0.618 levels before any meaningful bounce. A bullish RSI reversal in this zone would confirm re-entry.
📌 Scenario 1 – Bullish Continuation:
Price finds support between $3,314–$3,287
Momentum kicks in for a leg up toward $3,388
Final TP at $3,427 (Fib -0.618 extension)
📌 Scenario 2 – Rejection and Deeper Drop:
Failure to hold the 0.5 zone flips the bias bearish
Watch for re-entry back into the previous channel
Next downside target: $3,251 and potentially $3,233–$3,221 (Fib + extension)
💡 Elite Insight:
The pullback is not the risk — entering without a plan is. This is the zone where patience meets precision. Let the levels do the work.
Gold 30Min Engaged ( Bullish Entry Detected )➕ Objective: Precision Volume Execution
Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸 Bullish Wave Coming From : 3338
➗ Hanzo Protocol: Volume-Tiered Entry Authority
➕ Zone Activated: Dynamic market pressure detected.
The level isn’t just price — it’s a memory of where they moved size.
Volume is rising beneath the surface — not noise, but preparation.
🔥 Tactical Note:
We wait for the energy signature — when volume betrays intention.
The trap gets set. The weak follow. We execute.
EURUSD 30Min Engaged ( Bullish Entry Detected )
Critical moment! Where will gold go?After rebounding for two consecutive days, gold prices consolidated in a narrow range in the Asian market on Wednesday, hovering below a one-week high. Although the US dollar rebounded slightly and the market's improved risk appetite suppressed safe-haven demand, the Fed's interest rate cut expectations and trade uncertainties limited the downside of gold prices. The market is waiting for the upcoming ADP and non-farm data to determine the timing of the Fed's interest rate cut. The key technical resistance is $3,358.
Gold received a positive cross in June. At present, the monthly line has an upper shadow for three consecutive trading months, and the shadow is long, indicating that the upper selling pressure is relatively large; in this way, for the future market, we are more optimistic about the highs and falls. In the recent stage, gold is not interested in US data, but Trump frequently calls for the Fed to cut interest rates, which we still need to pay attention to. The sharp rise in gold in the past two days is not unrelated to the Fed's expectation of a rate cut. On the other hand, it is also related to the market rumor that the US President Trump's tariff deadline on July 9 is also related. If the US dollar index bottoms out and rebounds, ushering in a phased upward trend; then, it is bound to suppress gold.
Short-term resistance is yesterday's high point 3350-3360 area. If it breaks above, it is expected to hit 3375-80, and further 3400 mark; before breaking above 3400 area, there is still a large sweep range. If it goes up, the bulls will have a wave of acceleration, and the upper 3425 and 3450 may even hit the historical high. For the day, the 5-day moving average 3315 area will form a strong support after breaking through. If it rebounds and rushes higher, it cannot break below. Once it breaks below, the market will continue to fall, further 3300~3295, and then 3275 and 3255~45 areas; that is, the rise on Monday and Tuesday means the end of the bulls. Therefore, in terms of operation, the short-term relies on the 3315-3325 area to support low longs, and if it rises, it will continue to short with reference to the resistance area.
Gold lacks downward momentum.Today, gold is relatively quiet due to the impact of the US Independence Day holiday. Below, we continue to pay attention to the short-term quality layer of 3324. The key pressure above is maintained at yesterday's opening point of 3345-50. At midnight, gold rebounds near 3345-50 and can be shorted. The target is around 3330-33. It closes early at midnight and maintains a range of fluctuations! If your current gold operation is not ideal, I hope I can help you avoid detours in your investment. Welcome to communicate!
From the 4-hour analysis, pay attention to the support of 3324-30 below, focus on the support position of 3316, and pay attention to the short-term resistance of 3345-50 above. At midnight, the overall high-altitude low-multiple cycle participation remains unchanged. In the middle position, watch more and move less, be cautious in chasing orders, and wait patiently for key points to participate.
Gold remains strong, and we continue to buy on pullbacks!ADP employment unexpectedly turned negative, and the probability of a rate cut increased again
The ADP employment report released on the same day showed that the number of private sector jobs in the United States decreased by 33,000 in June, the first net loss since March 2023, and the May data was also significantly revised down to +29,000. After the release of the ADP data, the probability of the Federal Reserve's interest rate cut in July quickly rose from 20% before the data was released to about 27.4%. The market's bet on a rate cut before September has almost been fully factored in, and federal funds futures also show that the possibility of a 50 basis point rate cut has risen to 22%.
This "frown-making" data released a strong signal of cooling in the labor market before Thursday's non-farm report. If today's non-farm continues to be weaker than expected, it may force the Federal Reserve to act faster.
Gold opened high and then retreated continuously. From the daily chart, gold is still in an upward trend in the long term. The previous market rebounded effectively after touching the downward trend line, and the rebound force was considerable. With the restart of the bullish force, the main idea can carry the trend and do more on dips. In addition, from the 4-hour chart, gold has broken through the previous downward trend line and has gone out of the V-shaped reversal pattern, which means that the previous short-term downward trend has ended. At present, a new trend is also opening up in the 4-hour chart. The rise of gold has also established an upward trend line. You can consider buying on dips based on the upward trend line 3332. However, due to insufficient bottoming time in the previous stage, it may still face the risk of decline, so you should set the stop loss with caution. From the 1-hour chart, gold fell after opening high, and the bullish trend remains unchanged. The points for long orders can consider 3334 and 3328.
Gold operation suggestions: Go long on gold near 3325-3335, with a target of 3350-3360.
Go short before breaking 3350, go long before falling to 3320📰 News information:
1. Geopolitical situation
2. Tariff implementation and interest rate cut bill
📈 Technical Analysis:
As I said, the US stock market closed early today, and the market will lack some momentum. It is difficult to have a large fluctuation. It is expected to fluctuate and consolidate. I also explained in the previous post that the upper pressure in the short term is at 3340-3350. If it is touched, we can try to short and defend 3360. If it falls back to 3323, we can try to go long for the first time. If it continues to fall, it is expected to reach 3315-3305. Therefore, if it first touches 3323, go long, SL 3316, and consider going long if it touches 15-05 below.
🎯 Trading Points:
SELL 3340-33350
TP 3330-3320-3310-3300
BUY 3323
TP 3333-3340-3350
BUY 3315-3305
TP 3325-3333-3340
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, confronting your mistakes, and strictly disciplining yourself. I hope my analysis can help you🌐.
TVC:GOLD OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD FXOPEN:XAUUSD
GOLD - SHORT TO $2,800 (UPDATE)Gold closing the week below our 'premium resistance zone', running roughly 170 PIPS in profit. Hope you all are in sells & running in profit like my Gold Fund investors as this was called live for you.
Don't forget we could also have a possible liquidity zone sitting just above $3,400 like I told you all earlier this week. Just something to be careful of & stay prepared in advance.
GOLD: Bearish Continuation & Short Signal
GOLD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GOLD
Entry - 3335.9
Stop - 3338.8
Take - 3330.1
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
Waiting for gold price to grow with ADP-NF⭐️GOLDEN INFORMATION:
Gold (XAU/USD) finds it difficult to extend its two-day rally and trades within a tight range during Wednesday’s Asian session, hovering just below Tuesday’s one-week high. A modest rebound in the US Dollar—recovering from its lowest level since February 2022—has put pressure on the precious metal. Additionally, improving market sentiment continues to reduce demand for safe-haven assets like Gold, further limiting its upside.
⭐️Personal comments NOVA:
Steady trendline recovery, sustained buying could move towards 3383 with today's ADP-NF data
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3382- 3384 SL 3389
TP1: $3370
TP2: $3360
TP3: $3350
🔥BUY GOLD zone: $3312-$3310 SL $3305
TP1: $3320
TP2: $3330
TP3: $3340
⭐️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
XAUUSD BULLISH OR BEARISH DETAILED ANALYSISXAUUSD has officially broken out of a well-structured descending channel on the 4H timeframe, suggesting a potential shift in market sentiment from bearish to bullish. After multiple rejections from the lower boundary and consistent pressure on the upper trendline, the breakout above the channel confirms a strong upside bias. Price is currently holding near 3330, and I’m now eyeing 3450 as the next key resistance level. This setup aligns perfectly with a textbook channel breakout, offering a solid risk-to-reward scenario for bullish continuation.
The breakout comes at a time when macro fundamentals are supportive of gold strength. With rising uncertainty surrounding global inflation trends and mixed economic signals from the US, investors are leaning back into gold as a defensive hedge. The US dollar has shown signs of softening amid increasing speculation that the Fed could pivot to a more neutral stance in the coming months. This gives gold more breathing room to the upside, especially as real yields begin to flatten out.
Geopolitical tensions, especially renewed volatility around global trade and Middle East developments, are further fueling demand for safe-haven assets like XAUUSD. The recent breakout is backed by rising volume and momentum indicators turning bullish, making this move more sustainable than a short-term spike. Gold typically thrives during periods of uncertainty and shifting rate expectations, and that’s exactly the phase we are entering now.
From a technical and macroeconomic perspective, gold is showing strength just as the broader markets begin to wobble. This breakout isn’t just about structure—it’s supported by real macro catalysts and seasonal demand strength. I'm bullish toward the 3450 zone, and any retest of the broken channel resistance now turned support would offer an attractive entry. Staying focused on gold as a top performer in Q3 could offer strong upside with controlled risk.
The idea is clear, gold falls as expected!The gold market is just as I predicted. I have repeatedly warned everyone not to chase the 3350-3355 line. The technical side needs to step back. Now, it just proves the idea I gave. After gold hit the highest line of 3358, it stepped back to the 3337 line and started to fluctuate. Our 3355 short order plan successfully touched 3340 to stop profit and exit. From the current gold trend, it should fluctuate like this before closing. After the opening, we will step back and go long as planned. Focus on the 3330-3335 line below. If it does not break, we can consider going long.
From the current gold trend analysis, pay attention to the 3360-3370 line of pressure on the top, and the short-term support on the bottom is around 3330-3335. Focus on the key support at 3315-3325. Relying on this range as a whole, maintain the main tone of low-long participation unchanged, wait for the pullback to confirm the support and then intervene when the opportunity arises. In the middle position, keep watching and do less, chase orders cautiously, and wait for the entry opportunity after the key points are in place.
Gold operation suggestion: go long around 3315-3325, target 3340-3350.
XAU / USD 4 Hour ChartHello traders. Taking a look at the 4 hour chart, I have marked the potential scalp sell / buy trade set ups. Lower time frame confirmation is a must. I am not trading today as the NY market is closed. I am not trying to do any range trading. Be well and have a great weekend. Today is a holiday here in the USA. We are celebrating breaking away from England, which we see today is George Orwell's 1984. Shout out for freedom and to Big G. Be well and trade the trend.