XAUUSDK trade ideas
GOLD (XAU/USD) : Short OppurtunityAs always DYOR,
I believe gold is forming a bear flag pattern, which typically signals a continuation of the previous downtrend. After a sharp drop, the price consolidated inside a rising parallel channel (marked with red dashed lines), characteristic of a bear flag. This channel lacks strong bullish momentum and follows a steep downward move, suggesting it's a corrective phase rather than a reversal. The price also failed to break above key resistance near 3,238.75 and is showing signs of rejection from the channel's upper boundary.
My projection targets a further decline toward 3,206.97, aligning with the flag's expected breakdown and continuation of the previous bearish leg.
Gold maintains range operation in the short termAfter the release of CPI data, spot gold rose slightly by $6 in the short term. The US dollar index quickly fell by about 14 points, hitting an intraday low of around 101.40, reflecting the failure of some traders' expectations of "sticky inflation". However, the decline did not last, and DXY subsequently rebounded by about 18 points to 101.54, indicating buying intervention and reassessment of the data.
From the daily chart, it can be observed that the recent trend of gold prices has shown obvious technical characteristics. Gold prices have formed a clear upward channel since March. After breaking through the 3200 mark in April, it once hit a high of 3499.83, and then fell back. The current gold price is around $3250, which has fallen back to the middle and lower track of the rising channel. The RSI indicator is currently in the neutral zone of 49.94, indicating that there is neither overbought nor oversold, and the market is in a relatively balanced state.
At present, it is recommended to operate in the range. You can try to short in the 3255-3260 area, and the target is around 3220
Gold's strong rise continues!Gold continued to rise slightly and hit the 618 pressure level of 3314. It went through a wave of highs and then fell back. In the Asian session, it is still expected to fall in a cycle and correct. The focus is on the support of 3285-3275. It is expected to rise in the European session. The upper pressure is 3350-3370. If the European session breaks the high and falls back, it is expected to be a second long. If the increase exceeds 100 US dollars, you can consider shorting.
Gold Technical Analysis.The chart you've shared is a 2-hour (2h) timeframe for XAU/USD (Gold vs. US Dollar), published on TradingView. Here's a breakdown of the analysis:
Key Elements:
1. Price Level:
Current price is around $3,284.97, with a strong upward movement (+1.69%).
2. Chart Pattern:
A breakout appears to have occurred from a consolidation or resistance zone (horizontal blue line), supported by an ascending trendline (black line). This suggests a bullish continuation.
3. Target Zone (Green Box):
Marked at the top with a label “Target,” suggesting a bullish price objective near $3,315.88.
4. Support & Stop-Loss Zone (SL) (Red Box):
Below the breakout point, suggesting a stop-loss region around $3,218.79 to $3,240.00, where the trade would be considered invalid if the price falls below it.
5. Projection Path (Red Arrows):
Indicates a potential pullback or consolidation before continuing upwards toward the target.
Interpretation:
Bullish Bias: The breakout and price momentum suggest a long (buy) trade setup.
Risk Management: SL and target zones are clearly defined for risk/reward planning.
Entry Idea: Traders may wait for a minor pullback before entering long positions, as shown by the projected zigzag pattern.
Would you like a trading plan based on this setup, or further technical analysis (e.g., Fibonacci levels, RSI, MACD)?
possibility of correctionThe upward trend is expected to end at the current resistance level. There is also a possibility of a collision with the resistance trend line. Then the beginning of the downtrend scenario will be probable.
If the price consolidates above the resistance level, the above scenario will be invalidated and the continuation of the uptrend will be probable.
GOLD Will Keep Growing! Buy!
Hello,Traders!
GOLD is trading in a strong
Uptrend and the price made
A bullish breakout of the key
Horizontal level around 3255$
And the breakout is confrined
So after a potential local
Pullback we will be expecting
A further bullish continuation
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold Gains on US Credit Downgrade, Tax RiskTVC:GOLD OANDA:XAUUSD Gold (XAU/USD) surged to a one-week high of $3,306 on Tuesday, fueled by rising concerns over the U.S. economic outlook. The metal benefited from a weaker dollar, following Moody’s downgrade of the U.S. credit rating and renewed fears over President Trump’s proposed tax cuts, which could add $3–5 trillion to the national debt. Global risk sentiment also took a hit, with ongoing U.S.-Japan trade tensions and muted progress in U.S.-China talks.
Technically, gold is approaching key resistance at $3,306. A firm breakout above $3,306 would signal bullish continuation, while short-term support lies at $3,288 and $3,240. The RSI around 60 suggests consolidation may precede another push higher.
With central banks citing U.S. policy uncertainty and geopolitical risks lingering, gold’s safe-haven appeal remains intact.
Resistance : $3,306 , $3,364
Support : $3,288 , $3,240
XAUUAD UPDATE: 21_5_25This chart from TradingView represents the price movement of Gold (XAU/USD) on the 1-hour timeframe. Here are the key details and technical insights:
Chart Overview:
Instrument: Gold (XAU/USD)
Timeframe: 1 hour
Current Price: $3,292.835
Price Change: +2.568 (+0.08%)
Key Zones and Annotations:
1. Support Zones:
Around $3,230–$3,250: Identified as a recent support level (highlighted in yellow).
Another stronger support level is visible around $3,100.
2. Resistance Zones:
Near $3,350: Strong resistance zone based on prior price action.
The chart indicates this as a major target area.
3. Trade Setup (as per annotations):
Entry Area: Near current price or after a minor pullback to the support zone.
Stop-Loss: Just below the lower yellow support zone (~$3,230).
Take-Profit: Around $3,350 (upper resistance).
The blue arrows indicate an expected pullback before a continuation upward.
4. Volume: No significant anomaly; average volume trends are seen, though some spikes align with sharp price moves.
Interpretation:
This chart suggests a bullish bias, expecting a pullback to the highlighted support before continuing upward to retest the resistance at $3,350. The setup is based on market structure and recent breakouts above previous resistance levels.
Would you like a deeper technical analysis or a forecast based on this setup?
Daily Analysis- XAUUSD (Wednesday, 21st May 2024)Bias: No Bias
USD News(Red Folder):
-None
Analysis:
-Strong bullish closure above 0,5 fib level
-Looking for price to tap 0.618 fib level
-Potential BUY/SE;; if there's confirmation on lower timeframe
-Pivot point: 3270
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.
Inducement Over, Soon We Will See WaterfallXAU/USD Analysis (4H)
Observations:
- Fakeout detected via moving average line
- Previous higher highs rejected, indicating inducement phase completion
Fundamental Outlook:
- Geopolitical tensions and Trump's policies likely to strengthen USD
Trade Idea:
- Expecting a significant decline
- Target: 3120
This setup suggests a potential sell opportunity in Gold, driven by technical and fundamental factors.
Gold's short-term decline continues
Gold opened high and fell yesterday. It briefly rose in the morning and then fell under pressure. It fluctuated below the resistance of $3252 throughout the day.
The European and American markets tested $3250 several times without success, but the rebound momentum was weak, which was in line with the expected volatile trend. Today, it tested yesterday's low of $3206 again. If it breaks down after repeated tests, the decline may accelerate.
Technical analysis
Short-term trend: Bearish, pay attention to the triangle convergence break
Gold prices are still in a state of volatility, and the short-term trend is bearish.
The hourly line shows a triangle convergence pattern. If it falls below $3206, it may accelerate downward, and the target is the support area of $3154-3120. If it rebounds, the key resistance above is $3222-3232, and the strong watershed is at $3240. A breakthrough may temporarily slow down the decline.
Daily level: M head pattern is being constructed, beware of the risk of continued decline
The recent rebound has failed to stabilize at $3250, and the probability of closing negative today is high.
If it falls below $3120, the daily level large M head pattern is confirmed, and the downward target can be seen at $2956 (bottom of wave 4).
Key support and resistance
Resistance level: 3222-3232 (short-term), 3240 (watershed), 3252 (key for long and short)
Support level: 3206 (yesterday's low), 3154 (previous low), 3120 (key break point)
Trading strategy suggestions
Short-term operation:
If it rebounds to $3222-3232, you can try short orders, stop loss above $3240, and target $3190-3170.
If the European session continues to be weak, the US session can consider a second short order, but be wary of possible rebound corrections after 22:00.
Follow-up of the break:
If $3206 is effectively broken, you can follow the trend and go short, with a target of $3154-3120.
If it unexpectedly breaks through $3,252, short positions should be cautious, and the upward target is $3,286-3,322.
Medium- and long-term outlook
Although the short-term correction pressure is relatively large, the gold bull market pattern has not changed.
The Fed's interest rate cut expectations and the weakening trend of the US dollar have not changed, and gold still has the potential to rise in the medium and long term.
The current decline is a technical adjustment, aimed at correcting the overheated market sentiment after the abnormal surge in April. Although the correction is large, it is within the scope of normal correction.
Conclusion: In the short term, gold is still dominated by shorts, and the focus is on the breakout of the $3,206-3,120 support area. If it breaks down, it may accelerate the bottoming out; on the contrary, if it stands above $3,250, the adjustment may come to an end. It is recommended to focus on rebounding high altitudes in trading, and pay attention to possible market washouts.
4H FVG level is indicating a strong bullish sentiment.Market Analysis – Gold (XAU/USD)
Gold is currently trading within a bullish Fair Value Gap (FVG) on the 4-hour timeframe, accompanied by notable volume activity. Just below this zone lies a weekly FVG, and multiple other FVG and Breaker Block (BPR) formations have emerged in the same region. The price action around the 4H FVG level is indicating a strong bullish sentiment.
However, on the 1-hour chart, the market has recently formed a bearish FVG in the 3214–3220 range. If the price breaks above this level with strength, the bullish momentum could potentially drive the market toward the following upside targets: 3233, 3240, 3250, and 3260.
Let’s monitor closely and remember: Do Your Own Research (DYOR).