Gold Slumps Sharply – Has the Rate-Cut Hope Faded?Gold prices are under intense selling pressure after the Bank of England, the Swiss National Bank, and the Federal Reserve all decided to keep interest rates elevated. This unified stance underscores persistent inflation concerns, driving up the opportunity cost of holding non-yielding assets like gold. As a result, investors rushed to take profits, sending XAUUSD down over 200 pips in just one session.
Adding fuel to the fire, the Fed’s latest monetary policy report to Congress warned that inflation could rise to 3% by year-end, higher than previous projections. Moreover, the Fed trimmed expectations for rate cuts in 2025 and beyond, signaling a longer road to policy easing.
🔎 What does this mean for gold's short-term outlook?
With high rates here to stay and the Fed's cautious stance, gold remains vulnerable to further downside in the near term. However, if upcoming U.S. economic data shows signs of significant weakness, gold may regain favor as a safe-haven asset.
At the time of writing, XAUUSD is trading around $3,347, a critical zone that may determine whether the current drop continues or finds a bottom.
Do you believe this dip will deepen—or is it a golden opportunity to buy the pullback? Share your thoughts below!
XAUUSDK trade ideas
XAUMO REPORT: XAUUSD WEEKLY ANALYSIS
Period: Monday June 30 – Friday July 5
Focus: US Independence Day (July 4), NY Market Closure Impact
🟢1. Price Action Context
Last Week (ending June 28):
Weekly bearish engulfing closed near the lows (~3,250 area).
Series of failed rallies above 3,330.
Price compressed in a tight lower range—distribution, not accumulation.
Monday June 30 – Friday July 5:
Market begins in a low-confidence, low-volume environment.
Tuesday–Wednesday: traders will be positioning ahead of July 4 closure.
Thursday (July 4): NY market closed—no COMEX metals futures settlement.
Friday (July 5): NY market reopens—liquidity and volume surge back in.
🟡 2. Range, Support & Resistance
Composite Volume Profile:
VAH: ~3,410
POC: ~3,330 (where the heaviest volume has been transacted)
VAL: ~3,250 (final defense)
Support:
3,250: major structural shelf
3,200: next key liquidity target
Resistance:
3,330–3,350: loaded supply zone
3,390–3,420: overhead liquidity from prior weeks
Interpretation:
Price under POC, hugging VAL, is bearish.
Acceptance under 3,250 sets up a vacuum to 3,180–3,200.
🔵 3. Volume Footprint and Delta
Footprint Characteristics:
Strong negative delta (-21K) as price approached 3,250.
Buyers unable to lift offers at 3,300+.
Repeated ask dominance = supply persistence.
Institutional Read:
They’re selling into every bounce, and liquidity thinness around July 4 increases stop-hunt potential.
🟣 4. Trend and Wave Structure
Weekly trend: bearish
Daily trend: bearish with lower highs and lower lows
Wave count:
Wave 1: 3,500 ➡ 3,273
Wave 2: retrace ~3,330
Wave 3: active—projected target 3,180
🟤 5. Stop Hunt Zones
Above:
3,330–3,350: obvious short stops and breakout buy stops.
Below:
3,250: stop cluster from dip buyers and trapped longs.
Expected Behavior:
Institutions use Wednesday and low liquidity Thursday to spike stops before the real move on Friday.
Stop Hunt Scenario:
July 3–4: quick liquidity sweep above 3,330.
July 5 (Friday): NY reopen—supply steps in, drives price back down.
🟢 6. Market Closure & Liquidity Impact
NY Market Closure Schedule:
July 4 (Thursday):
NY COMEX metals closed for Independence Day.
Forex open but liquidity ~40% of normal.
Price can move erratically with minimal volume.
July 3 (Wednesday):
Early close in many US desks.
Position squaring—thin books.
July 5 (Friday):
Liquidity flood back in—true directional follow-through likely.
Implications:
Avoid heavy positioning during July 4 closure.
Expect false breakouts and “ghost candles”.
Major moves likely Friday July 5 during NY session.
🟠 7. Psychological Dynamics
Retail:
FOMO if price spikes above 3,330 on low liquidity.
Fear if price knifes under 3,250 without volume confirmation.
Institutions:
Use the holiday to:
Clear out stops.
Create liquidity pools.
Accumulate positions for Friday’s push.
🔴
8. Tangible Day-Trader Scenarios
🟢 Scenario A: Pre-Holiday Stop Hunt Trap
When: July 3–4
Price spikes over 3,330 on low volume.
Footprint shows negative delta quickly after.
Execution:
Sell limit ~3,340.
SL: 3,375.
TP: 3,200.
Note: Keep size reduced—thin conditions are volatile.
🟣 Scenario B: Post-Holiday Breakdown
When: Friday July 5
NY opens, volume returns.
Price fails to reclaim 3,250 after test.
Execution:
Sell stop 3,249.
SL: 3,310.
TP: 3,180.
Scale in as confirmation strengthens.
🟠 Scenario C: Holiday Range
When: July 4–early July 5 pre-NY
Price likely ranges 3,250–3,330.
Avoid entries unless volatility contraction ends with volume breakout.
🟡 9. Hypothetical Institutional Trade Plan
✅ Order Type: Sell Stop
✅ Entry: 3,249
✅ Stop Loss: 3,310
✅ Take Profit: 3,180
✅ Position Size: Max 0.5–1% account risk
✅ Trigger: NY session reopens Friday with volume confirmation
✅ Confidence: 85% (post-holiday breakdowns historically have high follow-through)
🟢 10. The Executive Recap
✅ Timeframe:June 30–July 5
✅ Trend:Weekly/Daily bearish
✅ Volume:Negative delta clusters
✅ Stop Hunts:
3,330–3,350 (trap)
3,250 (flush)
✅ Liquidity Event:July 4 closure reduces liquidity by ~60%
False moves likely
Major move probable Friday NY session
✅ Execution:
Low liquidity: reduced size
Confirmation: delta + volume
No chasing pre-closure
#GoldTrading #XAUUSD #ForexTrader #PriceActionTrading #TechnicalAnalysis #VolumeProfile #FootprintAnalysis #InstitutionalTrading #DayTrading #MarketAnalysis #ForexSignals #ComexGold #TradingStrategy #MarketPsychology #LiquidityTraps #StopHunt #NYMarketClosure #July4Trading #MetalsMarket #TrendAnalysis #WaveAnalysis #SupplyAndDemand #SmartMoney #ForexEducation #CMEGroup #TradingMindset #RiskManagement
⚠️ Disclaimer : This is a purely educational scenario. You are the only one responsible for your risk.
XAU/USD) Bullish trand Read The captionSMC trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, highlighting a breakout from consolidation supported by key levels and trend structure. Here’s the detailed analysis:
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Technical Breakdown
1. Key Support Zone
Price has formed a strong base around 3,315–3,325, with multiple bullish rejections (green arrows).
This zone has acted as a demand level, reinforcing bullish structure.
2. Ascending Trendline Support
An uptrend line supports higher lows, showing momentum building to the upside.
3. EMA 200
Price is now challenging the 200 EMA (3,353.41) — a key dynamic resistance.
A successful breakout and retest above this EMA will likely fuel continued bullish movement.
4. Breakout & Measured Move Projections
The chart indicates a bullish breakout from a consolidation box (yellow zone).
Measured move targets based on the previous rally:
First target: 3,368.86 (1.17%)
Second target: 3,381.55 (1.75%)
5. RSI Confirmation
RSI (14) is around 57, showing bullish momentum but still below overbought—supporting further upside potential.
Mr SMC Trading point
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Conclusion / Idea Summary
Bias: Bullish
Entry Zone: On pullback into 3,330–3,340 range or breakout retest above EMA 200
Targets:
3,368.86
3,381.55
Invalidation: Sustained close below 3,320 and break of the uptrend line
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Please support boost 🚀 this analysis)
XAUUSD – Smart Money Flow & Weekly OutlookGold reacted precisely at the key OB zone near 3270. Following a clear Break of Structure (BOS) on the H4, Smart Money may be redistributing positions.
🔍 Main scenario:
Price is expected to retrace to the 3349–3360 OB zone, where strong sell-side reactions may occur.
If that fails, the next likely move is a drop toward the high-liquidity demand zone at 3215, where buyers could re-enter.
📰 Key macro drivers:
Final GDP and PCE data show slight economic cooling in the US, reinforcing expectations that the Fed will maintain higher-for-longer rates.
Trump’s recent comments stir political uncertainty, increasing safe-haven demand for gold.
🎯 Strategy:
Look for confirmed short setups near 3349–3360.
Consider longs at 3215 if strong bullish reaction forms.
GOLD 2 Best Places For Sell Very Clear , Don`t Miss 300 Pips !Here is my opinion on Gold at the moment after the price moved very hard to downside as i mentioned in the last update , now we have a very good 2 places to sell it again , the first one @ 3326.00 , it`s a very good place to sell it cuz it was a very good support and the price break it and now it will play as a good res so we can sell from it , and if the price go higher we can sell from area between 3350 : 3345.00 , it will be a great place to sell it also , and if the highest place who force the price to downside we can add another sell entry from 3326.00 if we have a daily closure below it .
XAU/USD (Gold) Breakout or Breakdown Setup – Key Decision ZoneThe Gold Spot (XAU/USD) price action is currently at a crucial inflection point after consolidating in a rising wedge pattern between ascending support and horizontal resistance. This type of structure typically indicates a strong directional breakout is likely, and the current daily candle shows a close below the ascending support, signaling a potential bearish breakdown confirmation.
🔽 Bearish Breakdown Scenario (Confirmed Below 3250)
If price sustains below the 3250 support breakdown level, it confirms a bearish breakdown from the wedge. The height of the wedge (distance between the base of the move and the resistance) is used to project the downside target, giving us key levels to monitor:
Breakdown Confirmation: Below 3250.00
Target 1: 3111.67
Target 2: 2990.31
Projected Downside Target: 2861.24
This move suggests that gold could enter a deeper correction if buyers fail to reclaim the ascending structure quickly.
🔼 Bullish Breakout Scenario (Above 3500)
On the flip side, if bulls manage to push price back above the 3500 level, it would invalidate the current bearish momentum and confirm a bullish breakout. The projected upside targets are based on the same measured move logic:
Breakout Confirmation: Above 3500.00
Target 1: 3621.90
Target 2: 3741.84
Projected Upside Target: 3855.78
A close above 3500 with volume would set the tone for a fresh rally toward new highs.
🧭 Strategy Outlook
Short Bias (active): Entry below 3250; SL above 3300; TP at 3110 / 2990 / 2860
Long Bias (if reversal): Entry above 3500; SL below 3460; TP at 3620 / 3740 / 3850
Always wait for a strong daily candle close beyond the breakout/breakdown levels before initiating any trades
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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.
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XAUUSD Technical Outlook – Rebound or Trap?1. Market Overview
After a sharp rejection near the 0.618 Fibonacci level, XAUUSD has pulled back and is now trading around 3,323 USD. Although price has stabilized somewhat, technical indicators suggest this is likely a corrective move within a prevailing downtrend.
2. Technical Analysis
Price Action
XAUUSD is currently hovering near 3,323 USD after a failed attempt to break above the resistance zone at 3,373–3,392 USD — an area marked by:
The 0.618 Fibonacci retracement from the recent downtrend
Repeated historical rejections.
The upper boundary of a sideways consolidation range from early June.
Recent candlesticks show indecision and rejection from higher levels, suggesting sellers are still in control.
Support Zone Behavior
The price recently bounced from the 3,294–3,317 USD range, where strong historical support and the 0.382 Fibonacci level align.
This zone continues to hold, but if broken, could open the door to deeper declines toward the 3,250 or even 3,224 USD levels.
RSI Indicator
RSI remains flat around the neutral zone, indicating a lack of bullish momentum.
No significant divergence or breakout signals are currently visible on the daily RSI chart.
3. Key Technical Levels
Resistance:
3,373 – 3,392 USD: Confluence resistance zone (0.618 Fib + historical supply).
3,435 – 3,453 USD: Previous swing high – key medium-term benchmark
Support:
3,294 – 3,317 USD: Immediate support, holding for now.
3,250 – 3,224 USD: Potential next target zone if bearish pressure resumes.
4. Trade Setup Scenarios.
Scenario 1 – Buy if support holds and bullish confirmation appears
Entry: 3,295 – 3,305 USD.
Stop-loss: Below 3,289 USD.
Take-profit: 3,340 – 3,355 – 3,370 USD.
Condition: Look for bullish reversal patterns (e.g., Bullish Engulfing, Pin Bar) on H1–H4.
Scenario 2 – Sell on rejection from resistance zone
Entry: 3,370 – 3,375 USD.
Stop-loss: Above 3,392 USD.
Take-profit: 3,330 – 3,310 – 3,290 USD.
Condition: Clear bearish rejection candlestick with diminishing volume
Note:
XAUUSD remains in a vulnerable state. The current move may be a technical rebound rather than a true reversal. Traders should watch closely how price behaves around the 3,373–3,392 USD zone in the coming sessions. A breakout could signal a new bullish leg, while another rejection would likely confirm a continuation of the bearish trend.
Gold: Resistance Validated, Short at 3340-3350 Tomorrow📈 Gold Trading Recap & Tomorrow's Strategy: Resistance Holds, Short Opportunities Persist
💎 Today's newly updated live short strategy hit the TP target successfully! As mentioned earlier, when gold failed to break the support level, we anticipated it to range around 3330—today's trades were precisely centered on this logic. The 3350 resistance was also validated firmly during the session.
💎 Expect further upside in tomorrow's Asian session—recommend continuing short positions within the 3340-3350 range 🚀
🚀 Sell@3350 - 3345
🚀 TP 3335 - 3325 - 3315
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟 👇
Ready, Steady...?Gold has consolidated the past few weeks and has now bounced from solid support.
The current wave 4 looks complete and should now be followed by a strong upward move in wave 5, wave 5's in the metals are the strongest...expect a move towards $4000 coming.
Your chance to get on board early and ride this bull run again!
Appreciate a thumbs up, good trading and God Bless you all!
Gold Trading Strategy June 27✏️The price reaction at 3348 forms a sustainable bearish structure. 3296 is an important zone when broken, it will continue to fall deeply without any recovery on Friday.
Today the downtrend will encounter less resistance than the uptrend. Therefore, it is not difficult to touch the support zones of 3278 and 3255.
Any recovery in the price in the European session is considered a good opportunity for a Sell signal towards the target of 3278 and 3255.
As analyzed, the SELL zone today is noted at many resistance zones and consider the price reaction for the SELL signals.
📈 Key Levels
Break out: 3296
Support: 3278-3255
Resistance: 3300-3312-3325-3336-3348-3363
📊 Recommended Trade Setups
BUY 3278-3276 SL 3272
SELL 3325-3327 SL 3330
Hanzo Drex | 15-Min Bullish Reversal Setup – 300 Pips in Sight🔥 Gold – 15 Min Scalping Analysis
⚡️ Objective: Precision Reversal Execution
Time Frame: 15 -Minute Warfare
Entry Mode: Only after verified Reversals
👌Bullish Reversal : 3397
Price must break liquidity with high volume to confirm the move.
☄️ Hanzo Protocol: Dual-Direction Entry Intel
➕ Zone Activated: Strategic liquidity layer detected — mapped through refined supply/demand mechanics. Volatility now rising. This isn’t noise — this is bait for the untrained. We're not them.
🦸♂️ Tactical Note:
The kill shot only comes after the trap is exposed and volume betrays their position.
Gold Buy- Go for buy if setup given
- just a small trade
- Refine entry with smaller SL for better RR, if your strategy allow
A Message To Traders:
I’ll be sharing high-quality trade setups for a period time. No bullshit, no fluff, no complicated nonsense — just real, actionable forecast the algorithm is executing. If you’re struggling with trading and desperate for better results, follow my posts closely.
Check out my previously posted setups and forecasts — you’ll be amazed by the high accuracy of the results.
"I Found the Code. I Trust the Algo. Believe Me, That’s It."
GOLD Setup- Bearish Bias!FOREXCOM:XAUUSD Price is forming a series of lower highs and lower lows on the 4‑hour timeframe, indicating a downtrend bias. Recent resistance at the 70 EMA / descending trendline is holding strong,hard to break above.
Based on recent candle pattern with long lower wicks at current price, it’s most likely A short term correctional swing might occur to zone 3295-3310.
Setup:
Entry: 3300-3310
Targets: 3260, 3240, 3210
Stop Loss: 3331
Risk: 1:2,3,5
Disclaimer: This is not financial advice.
.
Welcoming your thoughts in this setup. Let’s grow together<3
GOLD 1. Final GDP q/q
Actual: -0.5%
Forecast: -0.2%
Previous: -0.2%
The US economy contracted by 0.5% in the first quarter, worse than the expected 0.2% decline, indicating a sharper slowdown than anticipated.
2. Unemployment Claims (Week ending June 21)
Initial Claims: 236,000
Forecast: 244,000
Previous: 245,000
Initial jobless claims fell by 10,000 to 236,000, lower than forecast and near historically low levels, suggesting that layoffs remain relatively subdued despite economic challenges.
Context:
Despite the drop in new claims, continuing claims (people receiving ongoing benefits) rose to about 1.97 million, the highest since November 2021, indicating some softening in the labor market. Economists expect the unemployment rate to edge up slightly to around 4.3% in June from 4.2% in May.
3. Core Durable Goods Orders m/m (May 2025)
Actual: +0.5%
Forecast: +0.1%
Previous: +0.2%
Core durable goods orders, which exclude transportation, rose 0.5% month-over-month, beating expectations and signaling some resilience in business investment.
4. Durable Goods Orders m/m (May 2025)
Actual: +16.4%
Forecast: +8.6%
Previous: -6.3%
Total durable goods orders surged 16.4%, a strong rebound following a prior decline, indicating a pickup in demand for long-lasting manufactured goods.
5. Final GDP Price Index q/q (Q1 2025)
Actual: 3.7%
This measure of inflation in the GDP deflator remains elevated, reflecting persistent price pressures in the economy.
Summary of Market Implications:
The larger-than-expected GDP contraction signals economic weakness, which could increase expectations for accommodative Fed policy.
The drop in initial jobless claims supports the view that layoffs are limited, but rising continuing claims suggest some labor market softness ahead.
Strong durable goods orders point to underlying business investment strength, providing a mixed but cautiously optimistic outlook.
Elevated inflation as shown by the GDP price index keeps inflation concerns alive.
Overall, the data presents a complex picture of a slowing economy with pockets of resilience and ongoing inflationary pressure.
#GOLD
GOLD - SHORT TO $2,800 (UPDATE)Our original sell bias from $3,347 which I posted live for you all, is now running in deep profits! Market is now down & running 810 PIPS in profit in just 2 days.
We have broken structure to the downside, crossing below our previous 'Wave E' low, indicating & acting as stronger confluence that Gold will carry on down towards our $2,800 target. Huge profits en-route for us all in this free channel.
GOLD Trading Opportunity! BUY!
My dear subscribers,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 3270.6 pivot level.
Bias - Bullish
My Stop Loss - 3260.7
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 3289.4
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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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WISH YOU ALL LUCK
Waiting for data release to rebound and short📰 Impact of news:
1. PCE and Consumer Index
📈 Market analysis:
The current price of 3280 has a higher profit and loss ratio advantage. Technical indicators show that the hourly chart is severely oversold. Combined with the top and bottom conversion of 3300 above, there is a 20-point rebound space in the short term. If the PCE data is in line with the trend, gold prices are expected to quickly regain the 3,300 mark. Note that negative data beyond expectations may cause a brief decline.
🏅 Trading strategies:
BUY 3295-3280-3275
TP 3298-3300-3310
SELL 3300-3310
TP 3290-3280-3260-3250
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
GOLD 30M ANALYSIS (LONG)In this analysis we're focusing on 30Min time frame. If we look in this 30Min chart, we have supply area and demand area. And we have also a minor resistance level. Now what I'm looking for that price move impulsively upside after sweeping all SSL. I'm expecting that price will come back and retest (3310 - 3305) area at least. So keep an eye on these level, confirmation is key.
Second Condition:
If price break above 3332 and close above 3332 with strong momentum than we will plan a buy trade on retracement.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
#XAUUSD 30M Technical Analysis Expected Move.
Gold Turns Bullish After Clearing Daily Sell-Side LiquidityThe purge of this liquidity indicates that institutional players may have engineered a move to grab orders before initiating a new upward leg. Following this move, price action shows signs of strong bullish intent, such as bullish engulfing candles, increased volume on up moves, or a break above short-term resistance.
This liquidity sweep not only invalidates bearish pressure but also creates a clean bullish imbalance, offering a potential entry zone for buyers. Traders should now watch for:
A break and retest of the key structure above the liquidity sweep.
Bullish order blocks forming on lower timeframes (e.g., H1 or H4).
Confluences like Fibonacci retracement levels, trendline support, or moving average bounces.
As long as price holds above the level of the purge and continues forming higher lows, gold is likely to trend upward in the near term. Potential targets include recent highs or fair value gaps left behind during the bearish move.
This setup favors buying pullbacks rather than chasing price, with invalidation below the recent sweep level.
"Gold’s War Cry: XAUUSD Eyes $3700 Amid Middle East Turmoil"PEPPERSTONE:XAUUSD
Gold is once again stepping into the spotlight as global markets reel from escalating geopolitical tensions. With President Trump confirming a full-scale U.S. airstrike on Iran’s nuclear facilities—Fordow, Natanz, and Esfahan—the world is bracing for potential retaliation and broader instability.
In times like these, gold doesn’t just shine—it roars.
📈 My Bias: Strongly Bullish
🎯 Targets:
- Primary: $3500
- Extended: $3700
These levels are not just technical aspirations—they’re grounded in the reality of rising global risk aversion, central bank accumulation, and a potential flight to safety as the Middle East teeters on the edge of wider conflict.
🔍 Key Technical Zone:
- $3341–$3352: This is my immediate area of interest. I expect a pullback into this zone on market open, which could offer a high-probability long setup.
- Break Below? If price slices through this zone, I’ll be watching the $3330–$3320 demand area for signs of absorption and reversal.
🧠 Macro Context:
- The U.S. strike marks a historic escalation, with Trump declaring the nuclear sites “completely and totally obliterated”.
- Iran’s expected retaliation could further destabilize the region, fueling safe haven flows into gold.
- Central banks remain net buyers of gold, and with inflation still lurking, real yields remain a key driver.
📊 Confluence Factors:
- Rising volume on bullish candles
- RSI holding above 50 on higher timeframes
- DXY showing signs of topping out
- VIX creeping higher—risk-off sentiment brewing
📌 Final Thoughts:
Gold is no longer just a hedge—it’s becoming a statement. In a world where headlines move markets, XAUUSD is poised to benefit from both fear and fundamentals. I’ll be watching price action closely at the open, ready to strike if the setup aligns.
Gold prices are consolidating at a low level!International spot gold continued to fluctuate and fall. Looking back at the market performance on Thursday, gold prices maintained a narrow range of consolidation. Investors focused on the upcoming US inflation data to judge the direction of interest rate policy, while paying close attention to signs of easing geopolitical tensions in the Middle East. The current gold market is facing the influence of multiple factors: in the short term, PCE inflation data will become a key variable in determining the trend of gold prices. If the data is lower than expected, the market will strengthen the Fed's expectations of rate cuts, thereby supporting the upward trend of gold prices; on the contrary, if the inflation data exceeds expectations, it may delay the Fed's pace of rate cuts, resulting in pressure on gold prices. From a medium- and long-term perspective, the low interest rate environment, continued geopolitical risks and the potential weakening trend of the US dollar jointly provide structural support for gold prices. In addition, it is necessary to focus on the capital diversion effect that may be caused by the rising heat of the platinum and palladium markets. It is recommended to closely track the changes in capital flows in the precious metals sector.
From the analysis of the gold 4-hour level chart, today's gold price showed a downward trend at the opening, and the lowest fell to around US$3289.25 and then temporarily stabilized at US$3298. Technical indicators show that the 4-hour moving average system shows a dead cross arrangement, the MACD indicator dead cross continues, the gold price has fallen below the lower track support of the Bollinger Band, and the Bollinger Channel shows a narrowing trend, and the short-term price is in a low-level weak consolidation pattern. In view of the fact that the weekly line is about to close this week and the volatility of the end-of-month market is intensifying, it is necessary to focus on preventing the risk of a second bottoming out of the price. Comprehensively judged, the current gold trend is bearish, and the operation strategy is recommended to focus on rebound shorting.
Operation strategy:
1. It is recommended to short gold in the rebound area of 3311-3316, with a stop loss at 3324 and a target of 3300-3290
GOLD continue sideway , SELL 3393⭐️GOLDEN INFORMATION:
Gold prices remain well-supported during the North American session following breaking news that Iran has launched retaliatory strikes on US military bases in Qatar. The escalation comes in response to Washington’s weekend assault on Iranian nuclear facilities. As geopolitical tensions in the Middle East dominate headlines, investors have largely sidelined US economic data. At the time of writing, XAU/USD is trading at $3,385, up 0.39%.
Macroeconomic indicators have taken a backseat as heightened conflict drives market sentiment. Citing Israeli media, Al Arabiya reported that Iran targeted US bases in Qatar, Kuwait, and Iraq with missile strikes. In a further escalation, Tehran approved the closure of the strategic Strait of Hormuz and launched additional missiles at Israeli targets—amplifying safe-haven demand for gold.
⭐️Personal comments NOVA:
Gold prices reacted to a decrease in positive news about peace in the Middle East, continuing to accumulate.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3392- 3394 SL 3399
TP1: $3382
TP2: $3370
TP3: $3360
🔥BUY GOLD zone: $3319-$3317 SL $3312
TP1: $3327
TP2: $3338
TP3: $3349
⭐️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