Downtrend - will gold price return to 3233?⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) rebounded from an early Asian session drop to a multi-day low, reclaiming ground above the $3,300 psychological level in the past hour. The precious metal continues to draw support from persistent geopolitical uncertainties, including the Russia-Ukraine conflict, intensifying tensions in the Middle East, and renewed friction along the India-Pakistan border. That said, the upside appears constrained by improving risk sentiment, driven by renewed optimism surrounding a US-UK trade agreement and the launch of US-China tariff negotiations over the weekend.
⭐️Personal comments NOVA:
Gold prices are under great selling pressure as trade negotiations on tariffs are becoming more active. They may return to the 323x price zone and continue to accumulate.
⭐️SET UP GOLD PRICE:
🔥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
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable sell 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
XAUUSDG trade ideas
Gold looks bullish at the current level. 1.The chart is showing a series of higher highs and higher lows, indicating an overall uptrend.
2. *Price is above the 20-day MA - Typically a bullish signal.
* (50-day and 89-day MA) are trending upwards and far below the current price, reinforcing a longer-term bullish trend.
Recent Candlestick Action: A strong bullish candle recently bounced off the blue MA after a short consolidation, suggesting buyers stepped in to the pullback. The last candles shows upward momentum resuming, possibly forming a Bullish continuation pattern. The RSI seems to be trending slightly down or flat not yet in overbought territory.
The technicals favor further upside in the short term to medium term, especially if the recent bullish candle closes strong. A break above the recent highs would confirm continuation, while a failure there could mean a short-term pullback.
After the late- April peak and pullback, the market formed a higher low, followed by a strong bullish rally from May 3rd onward. Current candles are consolidating after a sharp move - showing healthy digestion of gains. No strong bearish reversal patterns are visible yet.
Volume increased during the May 3-6 rally - a good sigh of strength behind the move. Slight decrease in volume on the latest candles, suggest consolidation rather than distribution.
RSI is rising but not yet in overbought territory - Room for upside remains. Watch if RSI diverge while price pushes up - that could signal exhaustion.
Warning sign : Drop below 2240 and break below EMAs would shift bias neutral to bearish.
4h Price Structure : after forming a double bottom or rounded base near April 30 - May 2, price pushed up strongly. It`s now consolidating just under the recent highs, forming a bullish flag or tight range, suggesting a potential breakout.
Risk Level To Watch: A break below 3345 (near the 59 EMA and previous range) would invalidate this short-term target and signal weakness.
GOLD RISKY SHORT|
✅GOLD keeps growing
While trading in an uptrend
So we are bullish biased long-term
But the price is about to retest
A local horizontal resistance
Of 3370$ from where we will
Be expecting a local pullback
But we advise you to use low
Risk because it is
A counter-trend trade
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold is under pressure at 3400, with a short-term decline expectGold is under pressure around 3400. Today we will have the Fed's interest rate decision and Powell's speech. If gold is under pressure at 3400, it is expected to fall. Before the data, we need to be cautious.
In terms of trading ideas, we can short short-term, pay attention to the short near 3393-96, stop loss 3403, take profit 3360/3350
Gold market analysis referenceGold short-term operation strategy is to short on rebound and long on pullback. The upper short-term focus is on the 3370-3375 resistance line, and the lower short-term focus is on the 3280-3290 support line. Gold operation strategy reference: short (buy short) 20% of the position in batches when gold rebounds around 3365-3370, stop loss 10 points, target around 3330-3305, break to look at the 3290 line;
Gold maintains gains near new record highsTechnically, gold's recent rally was remarkably rapid, in search of 3,420 and 3,500, leaving few clear entry points for new buyers. Now, with prices slightly correcting, traders may see this as a potential opportunity for a comeback. The 3,350-3,360 area stands out as a critical support zone. If prices remain above this area, the market may consolidate before attempting to move toward its recent highs. However, a break above this area could lead gold to test 3,330, a pivotal technical support level that could serve as a starting point or signal the beginning of a deeper correction.
GOLD Weekly OUTLOOK HAPPY MONDAY
XAUUSD GOLD DROPPING FROM 3335 TO 3367
Helping us make substantial positive gains.
Gold will first reach 3338 or 3365 and then drop below.Then it will go to my target which I have mentioned in the target up chart 3260If you like my chat, please support and like it.My charts always come out right. I hope this chart of mine comes out right too.
GOOD LUCK AND TRADE SAFELY!
THANKS FOR YOUR UNWAVERING SUPPORT!
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XAUUSD-Bullish reversal analysis technical analysis of Gold Spot (XAU/USD) on the 4-hour timeframe, projecting a bullish outlook. Here's a breakdown of the main ideas conveyed:
1. Support Level & Double Bottom
A strong support level is marked around the 3,177 area, with the price bouncing from it twice (highlighted by two black dots), indicating a potential double bottom pattern, which is typically a bullish reversal signal.
2. EMA 200 Support
The 200 EMA (Exponential Moving Average) lies just below the current price (~3,177), acting as dynamic support. The fact that price is holding above it adds strength to the bullish argument.
3. Bullish Divergence on RSI
The RSI (Relative Strength Index) shows a bullish divergence, where the price made lower lows but RSI made higher lows—another potential reversal indicator.
4. Price Projection
If the bullish move plays out, the chart outlines two upward targets:
Target Point: ~3,501.67
Next Target Point: ~3,729.23
These are based on measured moves from previous impulse legs (shown by vertical blue projections).
5. Entry Setup
The chart suggests a break above the short-term consolidation could trigger the bullish run toward the first target, aligning with bullish price structure and support confirmation.
Overall Idea: The chart expects a bullish reversal from support, confirmed by double bottom, EMA 200 support, and RSI divergence, targeting higher resistance zones.
Bullish continuation?The Gold (XAU/USD) is falling towards the pivot which lines up with the 61.8% Fibonacci support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 3,148.98
1st Support: 3,051.82
1st Resistance: 3,430.57
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Gold 15min Breakout After Falling Wedge | Potential Upside Setu
Gold 15min Breakout After Falling Wedge | Potential Upside Setup
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Description:
After forming a clear falling wedge pattern, Gold (XAU/USD) on the 15-minute chart has broken out to the upside. The breakout is supported by increasing volume and a strong bullish push. Entry was taken just after the breakout confirmation, with targets near the 3367 and 3420 zones. Risk is managed below the recent low at 3292.
This setup is purely based on technical analysis for educational purposes only. Always manage risk and follow your trading plan.
XAUUSD 08/05 | The JW Trade Centre Precision. Patience. Profit.XAUUSD 08/05
The JW Trade Centre
Precision. Patience. Profit.
Article Submission; Jordan Webb, Senior Analyst and Consultant FT and CS, TV.
Gold Volatility Erupts - XAU/USD Sheds Over 120 Points in Wild Intra-Day Swing
Date: 08 May 2025
21:17 UK Time | Price: 3308
XAU/USD delivered a day of extraordinary volatility, swinging 126 points from peak to trough within a 19-hour window. This type of high-magnitude price action highlights growing sensitivity to macro shifts, liquidity changes, and technical breakdowns.
What Triggered the Volatility in Gold Today?
1. Dollar Strength
The US Dollar Index surged past 105.60, breaking multi-day resistance and triggering flows out of gold. A combination of hawkish Fed tone and sticky inflation concerns may have underpinned this move.
2. Bond Yields Spike
A surge in US 10Y real yields decreased the appeal of gold, which offers no yield. Fast intraday rises in yields are typically met with aggressive gold selling.
3. Liquidity Vacuum + Gamma Flip
Following yesterday’s compressed range, today’s structural break triggered algo-driven volatility and likely options-related gamma flows. Once gold lost 3340, momentum snowballed into a stop cascade.
4. Position Unwinding
The 3435 high earlier this week appears to be a local top. Institutional positioning looks to be unwinding, especially ahead of critical US CPI data and further Fed rhetoric.
What’s Next for Gold?
Gold is currently testing a fragile support zone at 3300–3310. A firm break lower could see price rapidly spill toward 3282, with extension risk down to 3264 — both being institutional demand zones from April.
Key Technical Levels Noted
Current Bias (21:17 UK Time)
Short-term view: Bearish
Price trading below VWAP and daily mid
Structure below 3364/3340 remains broken
Dollar and yields both holding firm = bearish drag on gold
Trade Set Up
Sell into 3318-3322
Set Stop Loss at zone 3332
Staggered Take Profit 3288 zone 1, and Take Profit 3264 as per above.
Gold appears to of lost it’s bullish structure, trade deal today announced with UK/US, improved dollar strength, DXY and US10Y, which are correlated to Dollar performance, and as gold is usually save haven amidst any trade deal, the rational to short overnight, targets further downside potential as sellers defend rallies into the broken support zone.
Could gold rekindle post US session Close?
Unlikely, but see below:
US Session profit taking, 130 point flush in last 24 hours, over 1k pips! Short term traders may cover positions and protect price into the NY Close.
Asia often buys dips, if no major risk overnight, 3300/3288 will be achievable.
If DXY rebounds or stalls, perhaps gold could go for a run/technical bid.
Over sold conditions, short term relief bounce to 3332 wouldn’t surprise me.
However with that said, I do remain Bearish for now.
Structure remains broken, 3340-3364, still well above price and Gold is under the former support level.
Yields and Dollar are still elevated and showing no signs of any reversal.
Price struggling to hold over 3310, if bulls had control, we’ve be seeing a elevated price now US session winds down.
Asia is so unpredictable, whilst they may drive bids, they also sell hard if US Direction is dominant, like today where we’ve had complete upheaval on the charts.
My strategy explained!
Short bias on 3318-3322, with a tight SL of 10 points (100 pips from your entry whichever you catch)
Key here not to sell blindly until we see a pop up to 3318/22. This is our entry before Asia takes over. If price surpasses our zone, and reclaims and holds to 3336/40, bias completely flips back to neutral / bullish, trade invalid.
A mild late session bounce is likely, but until we see a reclaimed structure, that’s our trigger for the sell rally market. This is not a buy the dip idea. The reason I say that is because
We are in mid range, not support or resistance.
No clear confluence, price not reclaimed any structure or broken lower.
We don’t sell here after the move has happened from previous session and certainly not long as we’d be buying into uncertainty.
I advised a wait for bounce into 3318-3322, await price settle, then short if price does not break and hold over 3322.
Then..
If you’re looking to enter on the long, post sell, you must wait to see if price bounces off 3288, and holds, and then long of 3336 is in sight.
I call current zone - no mans land, as blasé as it sounds, we don’t have the answer we need on the technical or fundamental side. So be smart. I have a reminder set for 3318 tonight, and every .5 above that to 3322, so I can enter the trade should price reach our marked zone. Likewise if we don’t see a pop and price moves to 3288 from current 3308, and await to see if price holds or breaks further for a sell to TP2.
I hope this has proved informative and constructive to your trading regime and strategy.
Have a blessed evening.
JW
How to interpret the rise or fall of gold at the opening?In terms of short-term gold operation ideas, it is recommended to do more on pullbacks and short on rebounds. The upper short-term focus is on the 3370-3410 line of resistance, and the lower short-term focus is on the 3310-3315 line of support. Friends must keep up with the rhythm. It is necessary to control the position and stop loss, set stop loss strictly, and do not resist single operation.
Gold operation strategy reference:
Strategy 1: Short (buy decline) two-tenths of the position in batches near the rebound of gold around 3365-3370, stop loss 10 points, target around 3340-3330, break to see the 3320 line;
xauusd sell analysis target 3300 and 3270xauusd pair has been a little complicated since the last few days as market is not giving any clear direction as it is mostly driven by the fundamental events.
Currently the market is below the resistance area 3350 to 3360. There are more chances of market to drop back to its supporting areas like 3300 and 3270. If market breaks the 3350 and 3360 area then market will most probably drop from the area 3380 or 3390 but it would be easy for market to get close to the next resistance area 3410.
Resistance: 3350/60 , 3410, 3440
Supporting Areas: 3300, 3270
Gold H4: Sell Below Resistance Toward \$3,200XAUUSD (Gold vs USD) and outlines a range-bound trading scenario with key levels and potential price targets. Here’s a breakdown of the analysis:
🔍 Key Observations:
Support Zone (~$3,200 - $3,230):
Highlighted with yellow shading and green arrows.
Multiple historical bounces show this as a strong demand area.
Aligns closely with the 200 EMA ($3,223), reinforcing its strength.
Resistance Zone (~$3,350 - $3,375):
Marked as “RESISTANCE + TARGET 1”.
Previously acted as a ceiling; several price rejections noted.
A breakout above this zone could aim for Target 2: $3,400+.
Current Price (~$3,277):
Price is between the 50 EMA ($3,322) and the 200 EMA ($3,223).
Possible consolidation or preparation for a breakout.
Targets:
Target 1 (Downside): ~$3,200 — possible if price rejects from current level and breaks below support.
Target 2 (Upside): ~$3,400 — achievable if resistance breaks.
Price Projection Paths:
Bearish path: Rejection → retrace to support → break → Target 1.
Bullish path: Pullback → support holds → breakout → Target 2.
⚖️ Trading Idea Summary:
Bullish Bias above $3,230: Watch for a bounce and break of resistance toward $3,400.
Bearish Bias below $3,223: Watch for a breakdown and fall toward $3,200.
Use candlestick confirmation and volume for entry validation.
3420, gold prices can reach today
📌 Gold driving factors
Driven by the weakening of the US dollar and safe-haven demand, spot gold closed up $93.77 on Monday, up 2.9%, at $3333.32 per ounce.
On Monday local time, US President Trump signed an order on biomedical research, hoping to take the opportunity to promote the US pharmaceutical manufacturing industry. Trump also announced that tariffs on pharmaceutical products will be announced in the next two weeks.
Kitco Metals senior metals analyst Jim Wyckoff said: "We see continued inflows of safe-haven demand, keeping gold prices high. Gold prices will remain above $3,000 per ounce, at least in the short term."
Gold is often seen as a safe-haven tool in uncertainty and performs well in a low-interest rate environment. Gold prices have soared 26.3% this year and have set new historical highs many times.
📊Comment Analysis
Bulls regained their dominance, and the upward trend approached above 3400 before the market expected a rate cut
💰Strategy Set
🔥Sell Gold Area: 3418-3420 SL 3425
TP1: $3410
TP2: $3400
TP3: $3385
🔥Buy Gold Area: $3323 - $3321 SL $3316
TP1: $3330
TP2: $3340
TP3: $3358
⭐️ 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
XAU/USD on the 1-hour chart technical analysis . short setupThe price started with a strong upward trend from a support level around May 4, reaching a resistance zone near 3,430–3,440. After hitting that resistance, the price reversed and started forming a downward trend with lower highs and lower lows.
The chart suggests a short (sell) trade setup around the 3,325–3,330 area, with a stop loss above 3,347 and a take profit around 3,275. This setup is based on the expectation that the price will continue to fall after failing to break the resistance zone.
Xauusd Expecting Bullish movementThe current 30-minute chart for Gold (XAU/USD) is showing a bullish channel formation, suggesting potential upward momentum. Key areas to watch:
Rejection Zone: $3305 - $3295
This zone has acted as a strong support. If price holds above this range, it could serve as a base for upward movement.
Breakout Levels:
Level 1: $3355 – First target upon a breakout.
Level 2: $3375 – A stronger confirmation of bullish continuation.
Level 3: $3410 – Next major market movement zone and potential resistance.
If bullish momentum sustains and the channel remains intact, these levels present strong profit-taking opportunities
gold on bearish#XAUUSD on price correction, possible breakout at 3350 will take reverse on sell which can drop till 3300.
Now we await for this zone to sell, 3350,3362,3331 and 3323, but main price is at 3350 which holds strong decline on sell, Target 3300, stop loss 3371.
Above 3371 holds bullish which will take the price back 3400.
Gold Price ActionHello, Currently, price is in a Compression Phase after a strong Resistance Breakout (RBO). This tight consolidation is creating liquidity on both sides—setting up for a potential breakout.
What to Watch:
Compression Phase = Liquidity Building
Price is moving within a narrow range, trapping traders and stacking orders above and below.
We're waiting for a clean breakout of this range.
After the breakout, price is likely to retrace back toward the base (marked zone) before making a strong move toward the Buy Side Liquidity (BSL).
🎯 Trade Plan:
Wait for the compression to break. A return to the base zone could offer an entry, with BSL as the target (TP).
⚠️ Stay patient and avoid early entries—let the breakout confirm the move.
✅ Patience is key—wait for confirmation and manage risk smartly.