Gold
Gold Tests Year-to-Date TrendlineGold is getting a breather from recent newsflow and is now testing the trendline on the daily timeframe. The Japan deal, some positive developments in the EU–US negotiations, and yesterday’s Trump–Powell "sitcom" have helped ease concerns about the economy.
Although the trend began in December, when viewed from April, it clearly forms an ascending triangle pattern. Ascending triangles typically break to the upside, which could favor gold bulls. However, the lower support line is being tested very aggressively and has been challenged multiple times, which is not a good signal.
Today could be decisive, potentially leading to a downside break or an upward move that sets the tone for the weekly close. For gold traders, today and Monday could be key in determining the medium-term direction.
Bearish Channel Development and Key Support Zone Test1. Technical Overview (15m timeframe):
Gold (XAUUSD) is currently trading around 3,342.80, showing signs of continued downward momentum after forming a bearish reversal pattern from the 3,404–3,410 USD resistance area. The price action has now developed into a clear descending channel, with lower highs and lower lows forming in a structured manner.
2. Key Price Levels to Watch:
Immediate Support Zone:
🔹 3,335 – 3,330 USD – This zone aligns with previous structure and the lower bound of the descending channel. A break below this area could accelerate selling pressure toward deeper Fibonacci zones.
Next Major Support (Medium-term):
🔹 3,310 USD – A critical zone where price reacted strongly during the last pullback. A breakdown here would shift sentiment fully bearish in the short-term.
Resistance Levels:
🔹 3,358 – 3,360 USD: Minor intraday resistance near the upper bound of the descending channel.
🔹 3,375 USD: EMA21 and previous structure level.
🔹 3,404 – 3,410 USD: Major confluence resistance from recent highs.
3. Price Action and Indicators:
Descending Channel: Price is respecting the upper and lower trendlines of the bearish channel. No bullish breakout signal confirmed.
Volume: Decreasing on the bounce, rising on the decline – a bearish volume structure.
RSI: Near oversold (not shown, but implied from price exhaustion), could suggest a bounce, but no divergence confirmation yet.
EMA Trend: EMA21 and EMA50 (not shown but assumed from price slope) are likely crossing downward on higher timeframes, reinforcing bearish pressure.
4. Strategy Suggestion – Scenarios for Intraday Traders:
🔻 Scenario A – Continuation Short (Sell on Retracement)
Entry: Around 3,358–3,360 (upper bound of descending channel).
SL: Above 3,365.
TP1: 3,335
TP2: 3,310
Confirmation: Look for bearish engulfing or pin bar rejections on the 5m–15m timeframe.
🔺 Scenario B – Countertrend Long (Bounce from Channel Base)
Entry: Near 3,330–3,335 (support zone).
SL: Below 3,325.
TP1: 3,350
TP2: 3,360
Note: This is a riskier trade and should only be taken with bullish reversal confirmation (hammer, bullish divergence on RSI, or break of structure on LTF).
5. Summary:
Gold is currently in a short-term bearish correction, respecting a well-defined descending channel. Price is approaching a critical support zone (3,330–3,335), where a potential intraday bounce may occur, but trend remains bearish unless a clear break
XAUUSD 24/07 Bullish Reversal Potential from Falling Channel1. Price Overview & Trendline Context
Gold (XAUUSD) is currently trading around 3,369.67 USD after a notable pullback from the recent high near 3,428. A clear descending channel has formed, marking a short-term corrective move within a larger bullish trend. Price action suggests a potential reversal setup as price approaches a strong support zone around 3,340 – 3,350 USD, previously acted as demand in the breakout on July 22.
2. Fibonacci & Structure Analysis
The Fibonacci retracement drawn from the recent swing low to the top at ~3,428 reveals that the pullback has reached the 0.9 level, often seen as an exhaustion point for corrections in strong bullish trends. This area aligns with:
Key horizontal support: 3,340 – 3,350
Previous breakout zone
Volume spike at base (20.6K vs avg.)
This convergence suggests a high-probability bullish reversal setup.
3. EMA & Momentum Indicators
Although the chart primarily uses SMA 9, the structure suggests price is extended from shorter EMAs. A break above the upper boundary of the falling channel may trigger EMA crossovers, further confirming reversal momentum.
4. Trading Strategy Suggestion
Setup
Description
Buy Zone: 3,350 – 3,365 USD
Take Profit 1: 3,385 USD (short-term supply zone)
Take Profit 2: 3,428 USD (recent swing high)
Stop Loss: Below 3,340 USD
This trade follows the "Buy the Dip in Uptrend" strategy, aligning with trendline, fib support, and volume confirmation.
5. Key Resistance & Support Levels
Resistance: 3,385 – 3,428 USD
Support: 3,340 – 3,350 USD
Breakout Confirmation Level: 3,375 (channel breakout)
6. Final Insights
Gold remains in a broader bullish structure. Today’s chart shows strong technical confluence for a short-term reversal. Traders should monitor closely for breakout candles from the falling wedge/channel, preferably with volume confirmation.
XAUUSD - 1hr | Head and ShouldersSimple Trading: Head and Shoulders Pattern
With the price topping out at 3440 , gold is now making a pullback to clear some LOWS. Watch 3375
If gold remains under 3375 , the price may continue to fall. If Gold rebounds above 3375 , we should see the price start to consolidate as buyers will try to take control.
**Keep in mind, the price has already made its way 50% to the target.
This entry is a higher risk**
Patterns Target: 3325
Gold (XAU/USD) 4-Hour Technical Analysis Report - 25 July 2025 📌 Market Context & Sentiment Overview
The gold market is currently trading in a state of technical compression, with the price hovering just beneath the mid-3360s. After a significant rally earlier in the month, the recent sessions have seen price action coiling within a tight ascending triangle—a classic pattern known to precede breakouts.
According to recent publications by FXEmpire, FXStreet, and Investing.com, sentiment remains moderately bullish. Analysts point to strong institutional demand near the 3320–3330 zone, while also warning of resistance pressures near the 3380–3390 zone. These insights align with our technical findings, which suggest a developing structure with increasing breakout potential.
📊 Technical Structure Analysis (4-Hour Timeframe)
🔹 Price Action & Structural Patterns
The prevailing structure is a rising triangle anchored between support at 3320 and resistance near 3380–3390. Price has been forming higher lows, indicative of underlying buying pressure, while simultaneously facing resistance at increasingly frequent tests of the upper band. The contraction of candlestick bodies and volume confirms the presence of a coiling market—hinting at an imminent directional move.
The presence of upper-wick rejections near 3380 signals seller interest, while long-tailed candles at 3330 underscore buyer defense of the rising trendline. This dynamic equilibrium is the hallmark of a triangle formation nearing completion.
🔹 Support & Resistance Levels
Our analysis identifies the following zones as technically significant:
Key Support (Buy Zones):
3320–3330: This zone hosts a major bullish order block, 8/21 EMAs, and the lower trendline of the rising triangle. It is further supported by the 61.8% Fibonacci retracement drawn from the 3300 low to the 3390 swing high.
3300–3310: A psychological level and previous 4-hour swing low. Acts as a secondary defense level.
Key Resistance (Sell Zones):
3380–3390: Triangle resistance, aligned with the 50 EMA and a bearish order block.
3440–3450: An upper extension zone if breakout materializes, noted in external institutional outlooks.
🔹 Volume, VWAP & Institutional Concepts
Volume has notably contracted, a classical feature of triangle formations, with most trading volume aggregating at the mid-point (~3345–3355). VWAP sits just below the current price, reflecting mean reversion tendencies. Furthermore, liquidity pockets are observed just beneath 3320, suggesting potential for liquidity grabs before a bullish reversal.
From a Smart Money lens:
A bullish order block has formed near 3320–3330.
A bearish OB and resistance cap prices around 3380.
A small Fair Value Gap (FVG) lies around 3340–3350, acting as a potential price magnet.
🔹 Indicators & Oscillators
Moving Averages: The 8/21 EMA cluster lies just below current price, offering dynamic support.
MACD: Negative but converging—suggesting bearish momentum may be waning.
ADX: Reading ~40, indicating a trending market, though momentum has slightly slowed.
RSI: Hovering near 35–40, close to oversold; signals potential bounce.
Stochastics & CCI: Both deeply negative—supporting the case for a mean-reverting move.
🎯 Strategic Buying & Selling Zones
✅ High-Probability Buy Zones
3320–3330:
Rationale: Confluence of bullish OB, rising trendline, EMAs, and Fib 61.8%.
Confidence: High (★ ★ ★)
3300–3310 (buffer zone):
Rationale: Psychological and historical swing low support.
Confidence: Moderate
❌ High-Probability Sell Zones
3380–3390:
Rationale: Triangle resistance, prior highs, and bearish OB presence.
Confidence: High
3440–3450:
Rationale: Post-breakout measured move target and potential take-profit zone.
Confidence: Moderate
🏆 The Golden Setup: High-Conviction Trade Idea
Direction: Long
Entry: 3325
Stop Loss: 3300
Take Profit: 3390
Confidence Level: ★ ★ ★ (High)
🔍 Justification
This setup takes advantage of the strongest structural support within the triangle—centered around 3325. This level is reinforced by the 61.8% Fibonacci retracement, bullish order block activity, and EMA compression, all coalescing with the triangle’s rising support line.
Indicators are turning from oversold, and the volume profile suggests that institutional players may look to engineer a liquidity sweep under 3330 before a continuation push to test the 3380 resistance. The reward-to-risk ratio is favorable, and the setup offers clear invalidation with a tight stop at 3300.
Should momentum continue post-breakout, a secondary TP could be explored at 3440. However, for the purpose of tactical execution, 3390 is a strategically sound exit point.
🧠 Sentiment Cross-Check & Market Alignment
External sentiment and professional forecasts support the underlying thesis of a bullish breakout, pending confirmation. TradingView’s top technical authors emphasize the breakout of this ascending triangle toward 3440+, while Investing.com’s shorter-term signals reflect bearish pressure that aligns with our buy-the-dip strategy.
This synthesis of internal and external analysis increases our conviction in a long-biased tactical approach from the current support zone.
✅ Summary Table
Buy Zones Sell Zones Golden Setup
3320–3330 (primary) 3380–3390 (primary) Direction: Long
3300–3310 (buffer) 3440–3450 (extension) Entry: 3325
Stop Loss: 3300
Take Profit: 3390
Confidence Level: ★ ★ ★ (High)
🔚 Final Thoughts
Gold’s current price structure presents a rare opportunity—one defined by tight consolidation, structural clarity, and institutional footprints. As the market coils within a classic triangle, the 3320–3330 zone emerges as a high-probability springboard for long positions. With precise risk management and a disciplined approach, this setup offers traders a compelling entry with defined technical boundaries.
The golden rule now: Respect structure. React to confluence. Trade with conviction.
Welcome Back! Gold Trading Strategy & Key Zones to WatchIn this week’s welcome back video, I’m breaking down my updated approach to XAU/USD and how I plan to tackle the Gold markets in the coming days. After taking a short break, I’m back with fresh eyes and refined focus.
We’ll review current market structure, identify key liquidity zones, and outline the scenarios I’m watching for potential entries. Whether you’re day trading or swing trading gold, this breakdown will help you frame your week with clarity and confidence.
📌 Covered in this video:
My refreshed trading mindset after a break
Key support/resistance and liquidity zones
Market structure insights and setup conditions
What I’ll personally avoid this week
The “trap zones” that might catch retail traders off guard
🧠 Let’s focus on process over profits — welcome back, and let’s get to work.
Gold is going to $4,000Gold just made a Weekly Cycle low and it's going to $4,000 which is a 20% increase from the current levels
Gold Next Move Possible Hello Traders, Today I’m back with another idea.
As you know gold has changed the trend from bullish to the bearish.
The gold has fallen from the area 3438 to 3351. Now the current price is 3358.
I’m looking for the sell zone, In my view gold will drop till 3310.
I’m monitoring the sell zone 3364-3371, when the market touches the zone, I will add sell and my target will be 3310. Keep in bear my first target is 3351, second target is 3337 and the last target is 3310.
In the case if price breaks the 3377 area then we will have to wait until confirmation for another setup.
Stay Tune for every update.
Kindly share your ideas and leave positive comments. Thanks Everybody.
GOLD - WAVE 5 BULLISH TO $3,734 (UPDATE)Just because our 'sell trade' is running in deep profits, does not mean we completely rule out the possibility of any alternative trades.
As long as Gold remains above Wave 2 high ($3,245), this Gold bullish bias remains an option. As traders we always have to be prepared to adapt to different market conditions.
Gold two session setups - Timings Levels Behavior of PriceIn this example we see FOREXCOM:XAUUSD forming a simple and scalable setup interacting with key session levels and key times of day.
- 4HR OPEN CLOSE (10:00am)
- SESSION TIME RANGES
- DAILY HIGH/LOW
- SESSION HIGH/LOW
Here on my chart I use no lagging indicators. A previous session ranges high and low represents the major liquidity levels. A classic break and retest going into the NY session took place at 10:00am offering a parabolic opportunity back to a previous days session low.
SIMPLICITY IS KEY. Stay away from trading gaps, sweeps, hunts, soups on the inside of a high and low. The market only does two things.
- Breakout, fail, reverse.
- Breakout, pullback, continue.
Its important to be on a higher time frame to capture multiple sessions of liquidity areas. As a new trader I found looking to take a trade instead of waiting for a setup. 1 minute charts with multiple moving averages, oscillators, macd. Essentially a science project! Keep it simple traders. Patience pays. Timing, levels, behavior of price.
GBPUSD buy setupsimply
this is 6 deals after 5 CONSECUTIVE WINNING traders
we have demand
uptrend
the price can't make lower low
and make more candle in the area with more rejection
so the price will go up
be careful on your risk money management
BEST WISHES
The callback is coming to an end, don't chase the short easily#XAUUSD
The long positions held last night have already left the market at a loss😔. After the Asian session opened, I continued to watch the trend of gold, but it did not effectively rebound to the ideal target area. After repeatedly testing around 3393, I chose to manually exit the market📀.
Gold is currently somewhat overcorrected, with the hourly line falling into severe oversold territory📉. But the market will eventually return to the bullish trend🐂. Why do I say that? First, there are less than 8 days left before the final deadline for tariffs. Second, the Federal Reserve’s interest rate cut is also approaching. In the medium and long term, there is definitely no problem with being bullish. There will be initial jobless claims data later, which will affect the trend of gold today. We need to pay some attention to it👀.
From the daily line, the current Bollinger Band middle track is near the 3343 line, and the SMA60 moving average is near the 3330 below. In the short term, the downward momentum of gold is released, and it is expected to test the 3343 mid-line support below💪.
📊Therefore, we can consider going long again at 3360-3343 below and look towards 3375-3385. Short-term losses don’t mean anything. With the recent frequent news fluctuations, we still have a good chance to turn losses into profits🚀.
🚀BUY 3360-3350
🚀TP 3375-3385
From 3,430 USD GOLD falls below 3,400 USD on optimistic newsOANDA:XAUUSD has suffered a sharp sell-off after rising sharply earlier in the week. Media reports said the United States and the European Union were getting closer to reaching a tariff deal, and the news weighed on safe-haven demand.
OANDA:XAUUSD fell below $3,400 an ounce on Wednesday, down more than 1.2%, following news that the United States and the European Union were close to signing a deal similar to the one Washington and Tokyo signed on Tuesday. It is now trading below that key base point.
The European Union and the United States are moving toward a trade deal that could see more EU goods hit with a 15 percent U.S. import tariff, two diplomats said. Earlier, U.S. President Donald Trump reached a trade deal with Japan that would cut auto tariffs to 15 percent.
Optimism about an imminent U.S.-EU trade deal overshadowed a decline in the U.S. dollar. The U.S. dollar index (DXY), which measures the greenback against a basket of six currencies, fell 0.05 percent on the day to 97.160.
U.S. Treasury yields rose, with the 10-year Treasury yield rising to 4.396%. U.S. real yields, calculated by subtracting inflation expectations from nominal yields, rose nearly 4 basis points to 1.994%.
Gold tends to gain in value during times of uncertainty and low-interest-rate environments because gold itself does not generate interest, and in low-interest-rate environments, the opportunity cost of holding gold is relatively low.
U.S., EU near trade deal
The Financial Times reported on Wednesday that the European Union and the United States are close to reaching a trade deal that would impose a 15% tariff on imports from Europe, similar to the one reached between US President Donald Trump and Japan this week.
The Financial Times reported that Brussels is likely to agree to so-called “reciprocal tariffs” to avoid tariffs that Trump has threatened to impose on EU goods of up to 30% from August 1.
“The agreement reached with Japan is clearly extortionate in terms. Most member states are swallowing their anger and are likely to accept the deal,” an EU diplomat said.
The two sides will exempt some products, including aircraft, spirits and medical equipment, from tariffs.
The agreement between the US and Japan has also left Brussels reluctant to accept higher reciprocal tariffs to avoid a damaging trade war, according to the Financial Times.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, after gold reached its target at $3,430, it failed to break above this important resistance level and fell slightly. The decline brought gold back to test the support confluence area, which is the location of the 0.236% Fibonacci retracement with the lower edge of the price channel. And with the current position, gold still technically has enough conditions for a possible increase in price.
Specifically, gold is still in/above the supports from the short-term price channel, the long-term rising price channel and the support from the EMA21, as long as gold is still trading above the EMA21, it still has a bullish outlook in the short term. On the other hand, the short-term target is still at 3,430 USD, while once the 3,430 USD level is broken, it will provide the possibility of further upside with the next target at around 3,450 USD in the short term, more than the all-time high.
RSI remains above 50, far from the 80 – 100 area (overbought area). Showing that there is still a lot of room for upside ahead.
During the day, the technical outlook for gold prices continues to favor upside and notable positions will be listed as follows.
Support: 3,371 – 3,350 USD
Resistance: 3,400 – 3,430 – 3,450 USD
SELL XAUUSD PRICE 3421 - 3419⚡️
↠↠ Stop Loss 3425
→Take Profit 1 3413
↨
→Take Profit 2 3407
BUY XAUUSD PRICE 3354 - 3356⚡️
↠↠ Stop Loss 3350
→Take Profit 1 3362
↨
→Take Profit 2 3368
GOLD - Price can make correction and then bounce upHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
The price has been developing within a broadening wedge formation for some time.
This pattern began after the asset found strong support in the key zone around the $3305 level.
Within this structure, buyers recently pushed the price upwards in a notable impulse wave.
This impulse culminated in a test of the wedge's upper boundary and the resistance area near $3430.
After being rejected from that resistance, the price is now in a corrective decline towards the lower trendline.
I expect that this correction will find its footing on the lower boundary, leading to a rebound and a new rally towards the $3430 resistance.
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.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
After completing our 1h chart idea update yesterday, please see our 4chart idea also played out to perfection!!!
We started with our Bullish target hit at 3364 followed with ema5 cross and lock opening 3429. This was also hit perfectly with no further cross and lock above 3429 confirming the perfect rejection.
We are now seeing price play into the retracement zone and will continue to look for reactions on the lower Goldturn, inline with our plans to buy dips.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3364 - DONE
EMA5 CROSS AND LOCK ABOVE 3364 WILL OPEN THE FOLLOWING BULLISH TARGETS
3429 - DONE
EMA5 CROSS AND LOCK ABOVE 3429 WILL OPEN THE FOLLOWING BULLISH TARGET
3499
EMA5 CROSS AND LOCK ABOVE 3499 WILL OPEN THE FOLLOWING BULLISH TARGET
3561
BEARISH TARGETS
3297
EMA5 CROSS AND LOCK BELOW 3297 WILL OPEN THE SWING RANGE
3242
3171
EMA5 CROSS AND LOCK BELOW 3171 WILL OPEN THE SECONDARY SWING RANGE
3089
3001
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Correction in Play, Long-Term BUY Opportunity Ahead XAUUSD 24/07 – Correction in Play, Long-Term BUY Opportunity Ahead
🧭 Market Outlook
Gold has dropped sharply from the 343x region, exactly as outlined in yesterday’s plan. Price has broken below the ascending trendline on the H1 chart and is now tapping into lower liquidity zones (FVG + OBS), signaling continuation of the short-term bearish move.
Key context to watch:
Traders are awaiting final decisions on US global trade policy agreements.
Next week’s FOMC meeting may confirm expectations of an interest rate cut.
Later today, markets will react to US PMI data and Jobless Claims, which could trigger volatility.
📊 Technical View
While the higher timeframe trend (D1/H4) remains bullish, the short-term structure has broken, and the market is now exploring unfilled liquidity pools below. Once these are swept, we anticipate a strong long-term BUY opportunity.
🎯 Trading Plan for Today
📌 Short-Term Strategy:
Look for short-term SELL setups on retracements toward resistance zones. Wait for clear rejection signals before entering.
📌 Mid/Long-Term Strategy:
Prepare to BUY from major Key Levels once price taps into deep liquidity zones. Ensure confluence and good risk/reward before entering.
🔎 Key Levels to Watch
🔺 Upper Resistance Zones:
3393 – 3404 – 3414 – 3420 – 3428
🔻 Lower Support Zones:
3375 – 3366 – 3352 – 3345 – 3330
🔽 Trade Setups
✅ BUY ZONE: 3352 – 3350
SL: 3345
TP: 3356 → 3360 → 3364 → 3370 → 3375 → 3380 → 3390 → 3400
🔻 SELL ZONE: 3414 – 3416
SL: 3420
TP: 3410 → 3406 → 3400 → 3395 → 3390 → 3380
⚠️ Risk Reminder
No major economic news is scheduled for today, but unexpected political statements or geopolitical tensions could cause price spikes.
✔️ Always follow your SL/TP strictly.
✔️ Avoid entering without solid confirmation.
✔️ Watch how price reacts to the levels above.
📣 Follow MMF on TradingView
If this trading roadmap helps your strategy,
📌 Follow the MMF team on TradingView for daily actionable setups, real levels, and no-nonsense analysis based on real market conditions.
🎯 Real trades. Real zones. Real discipline.
GOLD - SHORT TO $2,880 (UPDATE)Beautiful melt overnight, with Gold down close to 400 PIPS so far. Zoom in to the left & you'll see I've also added in a trendline which sellers have now start taking out. Another strong confluence of sellers taking control.
I warned you all last night not to sleep on Gold. My Gold Fund investors are in deep profits😉
GOLD: Target Is Down! Short!
My dear friends,
Today we will analyse GOLD together☺️
The recent price action suggests a shift in mid-term momentum. A break below the current local range around 3,359.59 will confirm the new direction downwards with the target being the next key level of 3,350.22.and a reconvened placement of a stop-loss beyond the range.
❤️Sending you lots of Love and Hugs❤️
Gold Breakout or Pullback Ahead?Currently, price is in a correction phase within this rising channel after hitting the upper resistance near $3,438. The pullback is moving toward the mid and lower channel zones, which is healthy for a bullish continuation. Gold is in a healthy pullback phase inside a bigger bullish trend. If support at $3,358 – $3,373 holds, expect an upward push back to $3,438 → $3,487 → $3,517 in the coming sessions. Only a clean break below $3,309 would signal a deeper bearish move.
Gold is likely to consolidate or retest the lower channel support ($3,358 – $3,373). If buyers defend this zone, the price is expected to bounce back toward $3,400 – $3,420 and eventually retest $3,438.
Key Price Zones
- Main Resistance: $3,438 (if broken, potential rally toward $3,487 → $3,517)**
- Immediate Support: $3,373 (first reaction level)
- Major Support: $3,358 (key level to protect bullish structure)
- Potential Higher Low Zone: Around $3,342.44
Expected Price Behavior
- If gold holds above $3,373 – $3,358, it is likely to form a new higher low near $3,342 – $3,358 before attempting to push higher.
- A successful breakout above $3,438 would indicate continuation of the bullish momentum targeting $3,487 and $3,517 ).
- Failure to hold above $3,358 may open the door for a deeper correction toward $3,309, but the overall trend remains bullish unless that level is broken.
Trend Outlook
- Short-Term Trend: Consolidation / corrective pullback within a bullish channel
- Medium-Term Trend: Bullish (higher lows and breakout structure intact)
- Long-Term Trend: Bullish as long as the channel holds above $3,309
Gold is currently in a pullback phase after a strong bullish breakout. The market is likely forming a higher low and may resume upward momentum once the $3,373 – $3,358 zone is confirmed as support. A breakout above $3,438 would validate a bullish continuation toward $3,487 - $3,517.
Note
Please risk management in trading is a Key so use your money accordingly. If you like the idea then please like and boost. Thank you and Good Luck!
Gold Fails at Resistance, Elliott Wave Signals Deeper CorrectionGold ( OANDA:XAUUSD ) started to rise after the Richmond Manufacturing Index(Actual:-20/Forecast:-2/Previous-7) index was announced, but failed to break the upper line of the ascending channel and the Resistance zone($3,451-$3,406) .
Gold has now broken through the Support lines and is attempting to break through the next Support lines and Support zone($3,394-$3,366) .
In terms of Elliott Wave theory , it appears that the main wave Y has completed above the ascending channel.
I expect that given the momentum of gold's decline , gold will be able to break the Support zone($3,394-$3,366) and Support lines and fall to at least $3,356 . The next target could be the lower line of the ascending channel .
Note: Stop Loss (SL) = $3,423
Gold Analyze (XAUUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅ ' like ' ✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAU/USD | Watching for Potential Drop Toward $3391! (READ)By analyzing the gold chart on the 4-hour timeframe, we can see that gold continued its bullish move after holding above $3409, successfully hitting the $3440 target and delivering over 200 pips in returns! After reaching this key supply zone, gold corrected down to $3415 and is now trading around $3421. If the price stabilizes below $3431, we can expect further downside movement, with the next bearish targets at $3415, $3404, and $3391. If this scenario fails, an alternative setup will be shared.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
GOLD: Bullish Continuation & Long Signal
GOLD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy GOLD
Entry Level - 3364.8
Sl - 3359.2
Tp - 3376.2
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.
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