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GOLD / US DOLLAR KILOGOLD / US DOLLAR KILOGOLD / US DOLLAR KILO

GOLD / US DOLLAR KILO

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XAUUSDK trade ideas

Trade Plan (Multi-Leg Strategy)This chart outlines a two-phase trading strategy: ▶ Buy from the demand zone, followed by ▶ Sell from the resistance/range zone. 🟦 Phase 1: Buy Setup Buy Entry: Around 3301 (marked demand/support zone) : TP1 (Take Profit): 3340–3350 zone (previous supply/resistance area) : The price is expected to bounce from this demand zone and rally toward the Range Zone. 🟧 Phase 2: Sell Setup (After Confirmation) Sell Zone: After price hits 3340–3350 and confirms rejection in the Range Zone > TP1 for Sell: 3310–3300 zone > Final Target: 3250 (major support level) > This move expects a bearish reversal after failing to break the range top. 🟡 Key Notes: Range Zone = 3340–3350 is a key decision point. Wait for a reversal signal (e.g., double top, bearish engulfing) before shorting. The setup blends support/resistance, price action, and zone trading logic. ✅ Summary: Buy from 3301 → TP at 3340–3350 Sell from 3340–3350 (after confirmation) → TP1: 3300, TP2: 3250
TVC:GOLDLong
by Ahmad_Fxbeast
7
XAU/USD..4h chart Pattern.Here’s a summary of My Gold (XAU/USD or XAU/INR?) trade setup: 📈 Trade Idea (Long Position in Gold) Entry: 3394 Target: 3500 Stop Loss: Not specified (⚠️ Risk undefined) Potential Gain: +106 points Percentage Gain: +3.12% 🧮 Trade Considerations: Reward: 3500 − 3394 = +106 Risk: ⚠️ Not defined → Add a stop loss to calculate risk/reward properly. If you add a stop loss, I can calculate the exact risk/reward ratio. Would you like help setting an appropriate stop loss based on technical levels (e.g., recent support, moving average)? Or should I assume one for analysis?
FOREXCOM:XAUUSDLong
by Money_Magnet5
18
Gold is in the Bearish DirectionHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BLACKBULL:XAUUSDShort
by ForexMasters2000
1
Gold price recovers, accumulates new week⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) hold steady near $3,310 during the early Asian trading hours on Monday, with the precious metal struggling to gain traction amid renewed strength in the US Dollar (USD). While a firmer Greenback poses headwinds for gold, lingering uncertainty surrounding President Donald Trump’s tariff strategy continues to offer some support. On Friday, upbeat labor market data bolstered the dollar, pressuring dollar-denominated assets like gold. The US Bureau of Labor Statistics (BLS) reported that Nonfarm Payrolls rose by 139,000 in May, outpacing expectations of 130,000 and surpassing the previous month's downwardly revised figure of 147,000 (from 177,000). The stronger-than-expected jobs report has dampened hopes of near-term Fed rate cuts, weighing on bullion’s appeal. ⭐️Personal comments NOVA: Gold price takes liquidity 3294, below 3300 GAP zone last week. Accumulate and react at lower support zones ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone : 3348- 3350 SL 3355 TP1: $3340 TP2: $3330 TP3: $3320 🔥BUY GOLD zone: $3281- $3279 SL $3274 TP1: $3292 TP2: $3300 TP3: $3315 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
GOLD - Price can drop to support line of triangle patternHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 In this chart price formed a triangle pattern, where it first declined to support line and then made an impulse up. After this, Gold broke $3165 level and, after a small correction reached and broke $3400 level too. Then it rose to resistance line of triangle and dropped below $3400 level, breaking it one more time. Price tried to back up, but failed and dropped more to support line of triangle, after which started to grow. In a short time price rose to resistance line of triangle, which coincided with resistance level and area. Now, I think that Gold can drop from resistance area to $3250 point of support line of triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by WalterMoon
14
Gold XAUUSD Possible Move 9th June 2025Market Structure: The overall trend remains bearish, with a series of lower highs and lower lows. Recent bullish retracement is corrective and approaching a key supply zone (3340 region). Zones of Interest: Supply Zone (Sell Area): 3335–3340 This area acted as a previous area of institutional selling. Price is expected to tap into this zone before resuming the downward move. Demand Zone (Target): 3295–3305 This level served as a previous strong demand zone and aligns with previous reaction zones. Liquidity & Structure: Liquidity grab expected above minor highs around 3330–3335 before a potential reversal. Structure shows a liquidity sweep, followed by a market shift confirming the bearish move. Key Confluences: Bearish market structure Return to supply Clear risk-to-reward setup Anticipated lower high formation Clean FVG + OB alignment in supply zone 📉 Trade Idea / Signal Type: Sell Limit Entry: 3335–3340 Stop Loss: 3355 (above supply zone highs) Take Profit: 3320 Take Profit: 3300 Risk–Reward: ~1:3 🧠 Trade Plan Wait for price to enter 3335–3340 zone. Look for confirmation (e.g., bearish engulfing, BOS, CHoCH on LTF). Execute short with SL above the zone. Target the 3300 handle which aligns with the HTF demand zone and price imbalance fill.
OANDA:XAUUSDShort
by QuinnReed_Charts
1
XAUUSD: Analysis June 10Gold recovered to nearly 3340 yesterday after a sharp decline at the end of last week. But gold then declined again as the market digested positive signals from the US-China trade talks. There is no important economic data released from the US today, investors continue to monitor the developments of the US-China trade talks and CPI data released on Wednesday. After falling to test the broken down channel, gold rebounded to near 3340. It is currently declining again, but is still moving steadily above the psychological support zone of 3300. In the European session, you can buy gold again when approaching this support zone again. Or you can sell according to the two resistance zones above.
OANDA:XAUUSDLong
by Stone_Haven
3
XAUUSD BULLISH OR BEARISH DETAILED ANALYSISXAUUSD is currently forming a clean bullish pennant pattern on the daily timeframe, signaling a potential continuation of the dominant uptrend. After a strong impulsive rally that pushed gold prices to new highs, the market entered into a consolidation phase, tightening within the pennant structure. This type of price action typically precedes a breakout, and with current price action hovering near the upper boundary of the pennant, a bullish breakout looks imminent. If we break above this consolidation zone, the next target stands at 3500, in line with the measured move projection from the prior leg. From a fundamental standpoint, gold remains in strong demand amid ongoing macroeconomic uncertainties and shifting central bank policies. Recent data out of the US showed signs of a cooling labor market and slowing inflation pressures, increasing the odds of the Federal Reserve leaning toward rate cuts in the second half of 2025. A dovish Fed would weaken the US dollar and lower Treasury yields—two key drivers that historically push gold prices higher. Additionally, continued central bank gold buying globally, especially from emerging markets, is providing a strong underlying bid for XAU. The current consolidation is healthy and is allowing the market to build momentum before another leg up. Volatility is compressing, volume remains steady, and price structure is respecting key trendlines. Once we get confirmation with a breakout and close above the upper pennant boundary, it would open the door to a swift move toward the 3500 region. Traders should monitor volume and RSI closely for early signs of breakout confirmation. In this environment of economic uncertainty, demand for safe-haven assets like gold is only increasing. With technicals and fundamentals aligned, XAUUSD is gearing up for a powerful bullish wave. As long as we hold above the key 3280–3300 support range, the bullish thesis remains fully intact. This setup offers excellent reward-to-risk potential and is one of the more compelling opportunities currently on the radar.
FOREXCOM:XAUUSDLong
by AndrewsMarket-Mastery
1
Gold Eyes New All-Time High as Bullish Trend StrengthensGold continues to push higher in a powerful uptrend, approaching a fresh all-time high with strong bullish momentum. Technical indicators and market structure remain supportive of further upside, with a key Fibonacci extension target at $4,144 now coming into focus. Gold has maintained a robust weekly bullish trend, characterized by a clear sequence of higher highs and higher lows. Price action remains technically strong across all timeframes, and with price now pressing against previous all-time highs, the next move could either be a temporary consolidation or an explosive breakout into new territory. Key Technical Points - Trend Structure Remains Intact: Higher highs and higher lows dominate all major timeframes. - Moving Averages in Full Bullish Alignment: All key moving averages remain beneath price action, acting as dynamic support. - Point of Control Reclaims: Previous consolidations at volume highs have led to continued breakouts. - Fibonacci Extension Target at $4,144: This level represents the next major technical upside target if momentum persists. From a market structure standpoint, gold is in a textbook uptrend. There have been no breakdowns of prior swing lows, and each move higher has been followed by a constructive consolidation or higher low formation. This consistency reinforces the overall strength of the bullish trend. All major moving averages (MAs) — whether short-term (21 EMA), medium-term (50 SMA), or long-term (200 EMA) — are stacked beneath current price across all key timeframes. This configuration confirms strong trend alignment and dynamic support, giving buyers further confidence to hold or add on dips. One of the most bullish technical characteristics has been the repeated reclaiming of key volume zones, particularly the point of control (POC) within high-volume nodes. Price has consistently consolidated around these zones before breaking higher, indicating strong accumulation and controlled trend continuation. Additional Context: Fibonacci Target and Price Path: A Fibonacci extension measured from the recent swing low to the swing high projects a technical upside target of $4,144. This is a natural continuation level based on prior market rhythm and trend extension. If gold breaks its all-time high with conviction, this extension becomes the next likely area for price to reach, assuming bullish momentum continues. What to Expect in the Coming Price Action: As gold approaches its all-time high, two key scenarios are in play: a minor pullback for a new higher low, or an impulsive breakout toward the $4,144 Fibonacci target. Given the strength in structure and momentum, the path of least resistance remains to the upside — but traders should monitor lower timeframes for confirmation.
TVC:GOLD
by The_Alchemist_Trader_
1
Gold summary this week and analysis for next week. Analysis of gold news: During the U.S. trading session on Friday (June 6), spot gold continued to fall weakly and ended the week at around 3309. Gold rose and fell on Thursday. Earlier, silver broke through the $35 mark, hitting a 13-year high, driving gold prices to break through the $3400 mark, hitting a four-week high of around $3403.28. However, due to the signal of easing trade tensions released by the US and Chinese leaders during the call, the spot gold price closed down 0.6% at $3352.65. The market began to turn its attention to the upcoming US non-farm payrolls data and the policy trends of the Federal Reserve. On June 5, the call between US President Trump and Chinese leaders became the focus of global financial markets. Trump said on social media that the two sides reached a "very positive conclusion" on trade issues, while Chinese officials emphasized that negative measures against China should be withdrawn. This rare dialogue between leaders was interpreted by the market as a signal of thawing trade tensions, weakening the appeal of gold as a safe-haven asset, causing spot gold prices to fall back to $3,352.65 after an intraday high of $3,403.28. Despite this, gold has risen by about 28% this year, showing its strong demand amid global uncertainty. Analysts pointed out that the easing of trade tensions has a direct impact on the performance of safe-haven assets. The decline in gold prices reflects the market's optimistic expectations for the progress of Sino-US trade negotiations. Judging from the current trend of gold, the market will continue to fall next week; the decline is not as strong as expected, first look at the gap filling near 3,290, then look at the range of 3,260 to 3,250, and give specific points after updating the indicators on Monday; focus on the pressure near 3,330-3,335 next Monday, consider shorting ideas, and give specific operational suggestions on Monday.
OANDA:XAUUSDShort
by KellyLondon
1
Gold will grow a little more and then make correctionHello traders, I want share with you my opinion about Gold. After forming a downward wedge and several rejections near the support line, the price eventually broke out to the upside, signaling a reversal. This breakout was followed by a strong upward impulse, and Gold quickly shifted into a consolidation phase, creating a wide sideways range structure. Inside this range, we observed multiple rebounds from the lower boundary and a gradual rise toward the resistance level. Recently, the price exited the range upward after testing the buyer zone and breaking above the support area. However, this breakout seems impulsive and may need a correction. Currently, Gold trades slightly above the 3400 level, which aligns with the support area and the previous range border. In my view, the price may make a short upward move, followed by a return to the current support level. That’s why I set my TP at 3400 points, which corresponds to the support area and acts as a potential bounce zone in case of a retracement. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by LegionQ8
1
XAUUSDMy current thought process towards this trade: Overall, the structure is bullish, which means I am looking for buying opportunities—but not in this case. I see a potential sell-off, and the structure may be shifting direction. I strongly believe in that idea, but I can only wait and see.The thing about trading counter-trends is that you need to wait for confirmation of your bias. I am not ignorant of the fact that the market is in a bullish run, meaning anything is possible—my sell setup might happen, or it might not. It’s a 50-50 chance. However, I am interested in a sell trade, but only if everything works out the way I intend.
OANDA:XAUUSDShort
by AStandardFx
1
Intraday Gold Trading System with Neural Networks: Step-by-Step________________________________________ 🏆 Intraday Gold Trading System with Neural Networks: Step-by-Step Practical Guide ________________________________________ 📌 Step 1: Overview and Goal The goal is to build a neural network system to predict intraday short-term gold price movements—typically forecasting the next 15 to 30 minutes. ________________________________________ 📈 Step 2: Choosing Indicators (TradingView Equivalents) Key indicators for intraday gold trading: • 📊 Moving Averages (EMA, SMA) • 📏 Relative Strength Index (RSI) • 🌀 Moving Average Convergence Divergence (MACD) • 📉 Bollinger Bands • 📦 Volume Weighted Average Price (VWAP) • ⚡ Average True Range (ATR) ________________________________________ 🗃 Step 3: Data Acquisition (Vectors and Matrices) Use Python's yfinance to fetch intraday gold data: import yfinance as yf import pandas as pd data = yf.download('GC=F', period='30d', interval='15m') ________________________________________ 🔧 Step 4: Technical Indicator Calculation Use Python’s pandas_ta library to generate all required indicators: import pandas_ta as ta data = ta.ema(data , length=20) data = ta.ema(data , length=50) data = ta.rsi(data , length=14) macd = ta.macd(data ) data = macd data = macd bbands = ta.bbands(data , length=20) data = bbands data = bbands data = bbands data = ta.atr(data , data , data , length=14) data.dropna(inplace=True) ________________________________________ 🧹 Step 5: Data Preprocessing and Matrix Creation Standardize your features and shape data for neural networks: from sklearn.preprocessing import StandardScaler import numpy as np features = scaler = StandardScaler() data_scaled = scaler.fit_transform(data ) def create_matrix(data_scaled, window_size=10): X, y = , for i in range(len(data_scaled) - window_size - 1): X.append(data_scaled ) y.append(data .iloc ) return np.array(X), np.array(y) X, y = create_matrix(data_scaled, window_size=10) ________________________________________ 🤖 Step 6: Neural Network Construction with TensorFlow Use LSTM neural networks for sequential, time-series prediction: import tensorflow as tf from tensorflow.keras.models import Sequential from tensorflow.keras.layers import LSTM, Dense, Dropout model = Sequential( , X.shape )), Dropout(0.2), LSTM(32, activation='relu'), Dense(1) ]) model.compile(optimizer='adam', loss='mse') ________________________________________ 🎯 Step 7: Training the Neural Network history = model.fit(X, y, epochs=50, batch_size=32, validation_split=0.2) ________________________________________ 📊 Step 8: Evaluating Model Performance Visualize actual vs. predicted prices: import matplotlib.pyplot as plt predictions = model.predict(X) plt.plot(y, label='Actual Price') plt.plot(predictions, label='Predicted Price') plt.xlabel('Time Steps') plt.ylabel('Gold Price') plt.legend() plt.show() ________________________________________ 🚦 Step 9: Developing a Trading Strategy Translate predictions into trading signals: def trade_logic(predicted, current, threshold=0.3): diff = predicted - current if diff > threshold: return "Buy" elif diff < -threshold: return "Sell" else: return "Hold" latest_data = X .reshape(1, X.shape , X.shape ) predicted_price = model.predict(latest_data) current_price = data .iloc decision = trade_logic(predicted_price, current_price) print("Trading Decision:", decision) ________________________________________ ⚙️ Step 10: Real-Time Deployment Automate the model for live trading via broker APIs (pseudocode): while market_open: live_data = fetch_live_gold_data() live_data_processed = preprocess(live_data) prediction = model.predict(live_data_processed) decision = trade_logic(prediction, live_data ) execute_order(decision) ________________________________________ 📅 Step 11: Backtesting Use frameworks like Backtrader or Zipline to validate your strategy: import backtrader as bt class NNStrategy(bt.Strategy): def next(self): if self.data.predicted > self.data.close + threshold: self.buy() elif self.data.predicted < self.data.close - threshold: self.sell() cerebro = bt.Cerebro() cerebro.addstrategy(NNStrategy) # Add data feeds and run cerebro cerebro.run() ________________________________________ 🔍 Practical Use-Cases • ⚡ Momentum Trading: EMA crossovers, validated by neural network. • 🔄 Mean Reversion: Trade at Bollinger Band extremes, validated with neural network predictions. • 🌩️ Volatility-based: Use ATR plus neural net for optimal entry/exit timing. ________________________________________ 🛠 Additional Recommendations • Frameworks: TensorFlow/Keras, PyTorch, scikit-learn • Real-time monitoring and risk management are crucial—use volatility indicators! ________________________________________ 📚 Final Thoughts This practical guide arms you to build, deploy, and manage a neural network-based intraday gold trading system—from data acquisition through backtesting—ensuring you have the tools for robust, data-driven, and risk-managed trading strategies. ________________________________________
FOREXCOM:XAUUSDEducation
by ProjectSyndicate
17
DeGRAM | GOLD forming the ascending wedge📊 Technical Analysis ● Price is coiling inside an ascending flag that is riding the new support line at 3 342; flag range compression after each pull-back signals energy for a thrust. ● The pattern sits above the old channel roof, turning the former resistance into a launch pad; measured move of the flag points to the next confluence at 3 435. 💡 Fundamental Analysis ● US jobless claims ticked up while 10-yr yields slipped under 4.30 %; lower carry costs and renewed Chinese reserve buying reported by Reuters keep dip-buyers active in bullion. ✨ Summary Buy 3 330-3 350; flag break targets 3 435, stretch 3 500. Invalidate on a 4 h close < 3 245. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FOREXCOM:XAUUSDLong
by DeGRAM
3
Chart Pattern: Ascending Channel / Rising WedgeChart Analysis Breakdown : Price Channel (Ascending): A rising wedge or ascending channel is drawn, showing higher highs and higher lows. The upper and lower white trendlines are converging slightly, suggesting a potential breakout or breakdown soon. Key Support and Resistance Zones: Orange Resistance Zone (Top Left): Marked as a supply zone where price previously reversed (around 3,420–3,430). Orange Support Zone (Bottom Center): Around 3,320–3,330, possibly acting as demand or a retest area. Price Levels (Right Scale): Current price is around 3,386.36. Several price markers are noted (green for potential bullish targets, red for bearish zones). Projections/Scenarios (White Arrows): Bullish Scenario: Price breaks above the upper channel line and targets levels like 3,423 or 3,440. Bearish Scenario: Price fails at resistance, retraces back to the support zone, possibly to 3,360 or lower (near 3,320 zone). EMA 50 (Blue Line): An EMA (Exponential Moving Average) is lightly visible and used for trend confirmation. Price is currently above it, indicating bullish bias. Other Chart Elements: Time shown is UTC+3. The local weather is 30°C and hazy. Timestamp: June 13, 2025, at 1:35 AM. 📈 Interpretation: The chart suggests a watch for breakout scenario in XAUUSD: If price sustains above the rising channel, it could rally further. If it breaks below, look for a retest of the 3,320–3,330 zone.
OANDA:XAUUSD
by King_Maker_FX
1
Gold Analysis for Monday 09th June 2025www.tradingview.com Based on the chart, the Gold Spot / U.S. Dollar price closed at $3,310.05 on June 07, 2025. The next accurate level to watch when the market opens on June 09, 2025, depends on the support and resistance zones. The immediate support is around $3,301.63, where a reversal signal was noted. If this support holds, the next resistance to monitor is around $3,362.98. However, it would likely target the next lower support level, which appears to be around $3,294.80.
OANDA:XAUUSD
by asifhkin
2
If the 3300 support line is still valid, you can continue to buyAs for gold, as I analyzed, I gave a long strategy at 3310-18 this morning. So far, the lowest level has rebounded to 3340. At the same time, we have also notified the real market to go long. I believe that friends who follow me can see it. Today, we focus on the important support position of 3300-06. The trend is still mainly to go long. We must operate under the premise of following the general trend. Only in this way can we achieve stable operation. From the 4-hour analysis, the short-term support below is around 3315-21. The daily level stabilizes at this position and continues to see the strong upward rhythm of bulls. Focus on the support of 3300-06. Pay attention to the suppression of 3345-3348. The main tone of low-long participation around this range remains unchanged during the day. In the middle position, watch more and do less, be cautious in chasing orders, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the trading session, and pay attention to it in time. Gold operation strategy: 1. Buy when gold falls back to 3321-3328, and buy when it falls back to 3312-16, stop loss at 3308, target at 3345-3348;
PYTH:XAUUSDLong
by WillChurchill
1
Gold Price Analysis June 10Gold price reacted at the Trenline and EMA 34 yesterday and bounced back but still closed below the breakout zone of 3335. The downtrend can still continue as long as 3335 remains strong today. H4 shows the provincial port area at 3295 and 3275 in the opposite direction of the provincial port at 3339 and 3365. H1 is still forming a clear downtrend. 3309 is the immediate resistance zone. is the price zone that can scalp breakout if it closes above this zone. break 3309 Gold will head to 3327 in this zone, if you want to SELL, you have to wait for confirmation from the selling candle. When the buyers push the price strongly through 3327, you have to wait for the US session resistance around 3338 yesterday. Resistance and support during the day are noted around 3275 and 3365
OANDA:XAUUSD
by TVS-Trader
1
Time for the Hammer?” – When Price Breaks, Then Breathes🧠 What Just Happened? The chart opens with a classic market behavior: Price runs above recent highs — triggering a wave of emotional entries and stop hunts. Right after, it drops sharply, hinting that something deeper is at play. This sequence reflects how markets often: Bait retail traders with a breakout Break structure suddenly Then pull back — not for mercy, but to reload 🔍 Why This Pullback Matters After the aggressive drop, price didn't just fall aimlessly. It paused and returned to a zone of imbalance , a gap where liquidity is still waiting. That retrace isn’t weakness — it’s intent. This kind of setup teaches a key concept: “The real move comes after the aggressive move — not before.” 📚 A Lesson in Patience Most traders enter on the breakout (the sweep) Smart traders enter on the pullback into value Pros wait for the reaction + structure shift before doing anything This isn’t about being first. It’s about being right when it matters. 🧭 Final Thought The hammer doesn't fall until the trap is fully set. Study these moves. Study the emotion behind the candles. That's where edge lives. 💬 Drop your thoughts — did you catch this behavior on Gold today? 🔁 Follow for more thought-driven, story-based chart breakdowns.
FOREXCOM:XAUUSDShort
by Crusade1Jay
4
Gold Spot (XAU/USD) $3400 Incoming again??Gold Spot (XAU/USD) – 1H Chart: Chart Overview: Overall Market Context: Gold is currently retracing after a strong downtrend from a swing high near the supply zone. Price is reacting near a key bullish trend line and a local swing low. Key Technical Elements: OBV (On-Balance Volume): The OBV has broken out of its downtrend resistance, suggesting a potential reversal in volume flow. This shift implies bullish momentum could be building. Trendline & Structure: Price is respecting a bullish trend line, which has acted as dynamic support across multiple touches. The current swing low sits right on this trend line, suggesting a possible bounce scenario. Fair Value Gaps (FVGs) – 4H: Two FVGs are located above current price around the 0.28–0.5 Fibonacci zone, indicating a likely magnet area if price starts to retrace upward. These FVGs may act as short-term targets or resistance zones. Fibonacci Retracement: Price is currently near the 0.618–0.65 retracement zone, a classic golden pocket reversal area. If price holds this level, a bounce toward the FVGs and supply zone is likely. Supply Zone: The major resistance sits above at the supply zone formed around the previous swing highs. A rejection here could signal a return to range or continuation lower if not broken. Demand Zone : Below current price, a strong demand zone is marked, which historically triggered a large upward move. If price fails to hold the trendline/swing low, this would be the next key support area to watch. Scenarios: 🔼 Bullish Case: OBV breakout holds and price bounces from the trendline/swing low. Price moves up into the FVG zones and attempts to reclaim the previous swing high. If it breaks above the supply zone, the next logical targets would be the psychological levels (e.g., $3,400+). 🔽 Bearish Case: Failure to hold the current trendline and swing low. Break below could lead to a move toward the demand zone, possibly sweeping lows and filling deeper FVGs. If volume remains weak on bounce attempts, continuation of the downtrend is likely. Summary: Gold is at a critical inflection point. The bullish trendline and swing low offer a potential reversal area, supported by a breakout in OBV. A recovery into the FVGs above looks likely if price can maintain this level. However, failure here would lead to a drop toward the demand zone. Traders should monitor volume, OBV continuation, and price action near FVGs for confirmation.
FX:XAUUSD
by King_BennyBag
4