GOLD UPDATEHello friends
As you can see in the picture, everything is clearly defined.
After a strong rise, we see a double top pattern at the top of the channel, which indicates that we should gradually wait for a correction.
Now, how far will the correction continue? In the picture, we have identified the support levels that the price can reach.
*Trade safely with us*
Goldprediction
Gold still remains bullish
Yulia's strategies are transparent and open every day. This is what I insist on doing in this market. All free strategies are entered with current price prompts throughout the process, and free guidance is available at any time. What we want to do is to serve all members well. gold
Go long near the current price of 3332, add long near 3330 and 3328, stop loss 3320, target 3355-3370
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
The gold market suddenly "changed its face"Gold plunged down from the high of 3500 yesterday, mainly due to the fact that US President Trump said at the swearing-in ceremony of Atkins, chairman of the US Securities and Exchange Commission, on Tuesday local time that he had no intention of firing Fed Chairman Powell, although he was disappointed that the Fed did not cut interest rates faster. The cooling of risk aversion directly affected the gold price, which once fell to $3366, and then closed near 3382, with the largest drop of 134 points on Tuesday. This wave of gold correction is still continuing. After opening today, it fell straight to 3315. Although it has completely recovered the decline, I think the short position still has continuity, so today's operation strategy is still mainly high-altitude.
Gold is currently trading below 3357. There are signs of a rebound in gold prices at the beginning of the European session. Now the upper suppression level can be moved down. The short-term suppression reference is 3330 here, followed by the second highest point on the way up to 3357; the lower support focuses on the vicinity of 3285, and after effectively breaking it, it can focus on the vicinity of 3245. Now the gold price is trading near the Asian low of 3315. The prudent operation idea is to short at 3331 to protect the gold price near 3320 and wait for the gold price to reach 3285. After the break, wait for the rebound to 3300 and then go short to 3245. It is not recommended to participate in long orders.
Gold is down 100 points, but it still remains high and short.Technically speaking:
① Yesterday's daily line hit a high and fell back to close with a hanging neck line with a long upper shadow, which represents a short-term peak signal. Today's opening opened low and rebounded to repair the gap, which can determine the bottom support in the short term. Therefore, today's range has become a large range of 3313-3500.
From the daily Fibonacci retracement extension line, the current support is around 3291, that is, the range of 3291-3371, and the middle 0.236 is located at 3370.
②The 4-hour indicator macd is dead cross at a high level and runs with large volume, and the smart indicator sto is running near oversold, which means that the 4-hour market is still volatile and weak. In the short term, pay attention to the middle track and the moving average MA5 and MA10 corresponding to the 3403-3358-3404 line, and the short-term moving average MA30 corresponds to the 3350 line. From the 4-hour perspective, the current range is 3291-3371.
③ The current MACD of the hourly line is dead cross with shrinking volume, and the dynamic indicator STO is hooked upward, which represents the rebound trend of the hourly line. At present, we focus on the MA60 moving average, the middle track and the MA30 moving average, which currently correspond to the 3397-3354-3405 line, but will gradually move down over time.
In summary: short-selling in the area near the upper pressure of 3321-3351-3371, and maintaining high altitude as the main theme
Summary: In the short term, the high altitude callback is the main focus, and the key support level is arranged in batches for long orders to follow the long-term trend.
XAU/USD) orderblok key Support Analysis Read The ChaptianSMC Trading point update
technical analysis of Gold Spot against USD (XAUUSD) on the 1-hour timeframe. Here's a breakdown of the key ideas presented:
Chart Analysis Summary:
1. Price Zones:
Supply Zone (Resistance): Around the 3,355–3,365 level.
Demand/Support Zone (Doer Block Support Level): Around 3,282–3,291.
2. Current Price Action:
Price is currently at $3,331.96, close to the supply zone, and bouncing between the zones.
There’s a sharp downtrend, which seems to be slowing down near the support level.
3. Projected Move:
The chart suggests a short-term dip back into the demand/support zone, followed by a bullish reversal.
Target Point: A move back up toward $3,498.36, which is marked as a significant resistance.
4. Technical Indicators:
RSI (Relative Strength Index): Currently around 36.64 and recovering, suggesting potential bullish divergence or an oversold condition.
200 EMA: Around $3,291.52, providing dynamic support — aligning with the lower demand zone.
Mr SMC Trading point
Trade Idea:
Buy Setup (Long Trade):
Entry: Near 3,282–3,291 (support zone).
Target: 3,498.36.
Stop Loss: Below the support zone (~3,270).
Overall Idea:
This is a reversal-based setup. The price is expected to retest the support before launching a bullish leg toward the target. The confluence of the EMA, support zone, and RSI near oversold adds weight to the potential for a bounce.
Pelas support boost 🚀 analysis follow)
GOLD: Two Prominent Buying Areas to buy Gold From!Hey there! So, gold took a dip after hitting the $3500 mark, and it’s now at $3370. But here’s the thing, we think it might bounce back soon because it’s filled the liquidity gap. There are two possible points where it could turn around: right now or at $3330. Keep an eye on it and trade safely! Good luck!
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Believe me, gold cannot fall all the way down
Gold prices fluctuated this week, hitting a record high of $3,500/ounce, then encountered resistance and fell to $3,300/ounce. The main reason for the record high in gold prices was that after US President Trump verbally attacked Federal Reserve Chairman Powell, the market was worried that the Federal Reserve would lose its independence. But after Trump and Bessant's remarks, market risk appetite rebounded, hitting safe-haven asset gold, and then plummeted all the way!
Is gold going to fall after a sharp retracement?
In fact, the market has a warning for today's retracement. After all, yesterday's closing line was a big negative line, so there must be a continuation in the trend of gold. Moreover, after yesterday's gold rose to 3,500, the trend weakened, and the market fell all the way to break the 3,400 mark and the 3,300 mark, and fell to the lowest level of 3,290! To be honest, this round of decline is still quite strong. After breaking the continuous positive, the market ushered in the suppression of the market retracement, and at present, there is still a trend of continuation!
In my opinion, the key entry point for long orders today is the previous rising point of 3280. The short-term retracement of gold is obviously continuing, and in the medium and long term, gold is still bullish. So our entry point is actually relatively simple. When it retreats to 3280, we can directly enter the market. There are still many opportunities for long orders. The retracement is not the peak!
Gold: 3280 more, defense 10, target 3330-45!
Join me and I will guide you to a profitable trade 💵!
Gold falls from highs, medium-term bullish structure remains uncSpot gold prices continue to fall, extending the correction of the psychological level of $3,500.
At the same time, senior Trump administration officials hinted that they are "paving the way" for a trade agreement with Asian powers, further boosting investors' confidence in the global economic outlook, thereby weakening demand for safe-haven gold.
Fed policy expectations still support gold's downward space.
Despite improved risk sentiment, the market still expects the Fed to launch a new round of interest rate cuts in June, with three rate cuts expected throughout the year, which makes gold's medium-term trend still optimistic. At present, weak US economic data and the president's erratic trade policy have further suppressed investors' confidence in US dollar assets.
Quaid believes that the market's expectations for the Fed's interest rate cuts have supported the structural upward trend of gold, even if it faces a technical correction in the short term.
Technical aspects show that gold may adjust in the short term, but the support below is strong.
Quaid's analysis:
The current adjustment pressure faced by gold comes more from short-term market sentiment repair and technical profit-taking, but the medium- and long-term fundamentals are still strong. The Fed's interest rate cut expectations have not changed, the US dollar has a clear medium-term weakening trend, and geopolitical factors are still highly uncertain. Gold is still in a bull-dominated pattern overall.
Operation strategy:
3325 long, stop loss 3315, take profit 3350. If it stops rising at 3350, traders can flip the operation strategy and short at this position.
Analysis of gold short-term operation ideasGold price is currently trading below 3330. The downward trend in Asian session broke through the 3315 position in the morning. Our short position also successfully harvested a wave of big profits. Gold price showed signs of rebound in early European session. Now the upper pressure level can be moved down. The short-term pressure level is 3318, followed by the second highest point on the way up at 3357. The lower support level focuses on 3285. After effectively breaking through, we can focus on 3245. Now gold price is trading near the early low of 3315. The prudent operation idea is to go short at 3320 for protection at 3331 and wait for the gold price to reach 3285. After the break, wait for the rebound to 3300 and go short again to see the position of 3245. Long positions are not recommended.
GOLD - at his fresh resistance ? What's next??#GOLD... perfect drop below our area as we told youabout CUT N REVERSE.
now market have 3328 to 3332 region as a current resistance region.
And market dropped 200 points around in 2 days (almost 1 day and 1 hour)
So keep close your region because if market holds that then further drop expected.
Good luck
Trade wisely
Gold Short Term UpdateGold on M15 formed a valid descending trendline with 4 touches rejected
so now we're waiting for a M15 candle to broke and close above the touch of the trendline to activate the long (buy) trade
Trade safe and don't forget to trade with risk management
Follow us for more updates and ideas
GOLD Trending Higher - Can buyers push toward 3,500$?OANDA:XAUUSD is trading within a clear ascending channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum indicates that buyers are in control, suggesting there's chances for potential continuation on the upside.
The price has recently broken above a key resistance zone and may come back for a retest. If this level holds as support, it would reinforce the bullish structure and increase the likelihood of a move toward the 3,500 target , which aligns with the channel’s upper boundary.
As long as the price remains above this support zone, the bullish outlook stays intact. However, a failure to hold above this level could invalidate the bullish scenario and increase the likelihood of a pullback toward the channel’s lower boundary.
The recent surge in gold prices is driven by escalating U.S.-China trade tensions and a weakening U.S. dollar. Gold reached a record high of $3,390 per ounce, fueled by concerns over global economic stability and increased demand for safe-haven assets. Analysts have raised their three-month gold forecast, due to ongoing market uncertainties.
Despite the upward momentum, I think still gold may be overbought in the near term, indicating potential for a short-term correction . Nevertheless, the overall bullish trend remains strong, supported by geopolitical tensions, central bank purchases, and investor demand for strong assets.
Gold operation strategy, how to grasp the ups and downs of the mAt the end of the Asian market, spot gold maintained a sharp decline in the day. The current gold price is around $3,305/ounce, and it plummeted during the day.
Gold prices fluctuated this week, hitting a record high of $3,500/ounce, and then encountered resistance and fell to the $3,300/ounce level. The main reason for the record high in gold prices was that the market was worried that the Federal Reserve would lose its independence after US President Trump verbally attacked Federal Reserve Chairman Powell.
US President Trump said on Tuesday evening local time that he had no intention of firing Federal Reserve Chairman Powell. Trump also said that tariffs on Chinese imports would be "substantially" reduced from the current 145%.
Quaid believes that the hope of easing Sino-US trade tensions has driven a positive shift in risk sentiment and a recovery in the US dollar. Investors used this as an excuse to take profits on their gold long positions.
Latest trading analysis:
The gold daily chart shows that the 14-day relative strength index (RSI) has fallen back from the overbought area to the bullish area. The latest decline in this leading indicator supports a new round of decline in gold prices. However, as long as gold prices can hold the $3,300/oz level, gold buyers still have hope.
If the gold correction deepens, gold prices may challenge the 21-day simple moving average (SMA) of $3,163/oz. Before that, the $3,200/oz mark may provide some support for buyers.
On the other hand, if the upward trend resumes, gold prices may re-break through $3,400/oz and then aim for the historical high of $3,500/oz.
Gold has been volatile recently. If traders are not doing well in gold operations at present, I hope Quaid's analysis can make your investment smooth. Welcome all traders to communicate.
Interpretation of gold short-term operation ideasThe gold market opened at 3423.4 in the morning yesterday, and then the market fell back to 3411.6, and then the market rose strongly. The daily line reached a high of 3500.4, and then the market fell under technical pressure. Subsequently, the market took profits and went down. The daily line gave a low of 3365.8 and then the market consolidated. The daily line finally closed at 3381.2, and the market closed in an inverted hammer pattern with a very long upper shadow. After the end of this pattern, the market continued to be short after opening low today. In terms of points, yesterday's short positions at 3496, 3468 and 3442 were reduced, and the stop loss was followed up at 3445. If it opens low today and falls directly, give 3292 long stop loss 3285. The target is 3336, 3350, 3365 and 3374. Exit the market and continue the short stop loss at 3381. The target is not released and the loss is held in stages.
Tariffs ease, risk aversion drops, gold continues to be bearishAfter hitting the integer mark of 3500 yesterday, gold fell back by nearly 200 US dollars. Today's early trading opened lower and directly swallowed up the overall rise of yesterday. Will gold continue to correct or turn around?
From the current decline, the range from the high point of 3500 to the current low point of 3315 is close to 200 US dollars. Considering this round of decline, it has exceeded the range of short-term correction. Therefore, traders should guard against the probability that the gold price will enter a turning point in the short term!
After the current decline is too large, the main area is to go sideways to correct the main force. The overall rebound will not be too large.
Main area: around 3380-3400
Defensive support below: double bottom around 3280
Operation suggestion: Do not carry orders, heavy positions, lock positions in sudden change cycles, and bring stop losses! "Specific operations are subject to actual trading"
Gold Technical Analysis🔹 Price Structure:
Price is in a short-term downtrend channel.
Currently trading at $3,336, heading towards a major support zone around $3,315–$3,310.
RSI at 36.6 is nearing oversold territory – indicating downside momentum slowing.
🔹 Key Zones:
Support: $3,315 (major support with bounce potential)
Resistance: $3,380 (target if support holds)
Breakdown target: $3,290 (if major support breaks)
🔹 Price Action Possibilities:
🔁 Bounce Scenario: Price touches major support, RSI bounces, and price rallies back to $3,380 (drawn with the up arrow).
🔻 Breakdown Scenario: Price fails to hold support and drops toward $3,290 (red arrow path).
Gold price plunged nearly $200. The signal of cooling down the tIn the early Asian session on Wednesday, spot gold opened nearly $40 lower and hit $3,313.51 per ounce, down nearly $200 from the historical high of 3,500 hit on Tuesday. Because U.S. Treasury Secretary Benson hinted that international trade tensions would ease, which stimulated optimism in the stock market and boosted the dollar to a near one-week high; spot gold closed down 1.2% on Tuesday, closing at $3,380.95 per ounce.
Bob Haberkorn, senior market strategist at RJO Futures, said: The latest remarks suggest that the trade war with the Asian giant may ease, but this is the time to start selling.
After Benson said that the tariff deadlock was unsustainable, the U.S. stock market rose by more than 2%, suppressing the safe-haven buying demand for gold, and the rebound of the U.S. dollar also suppressed the price of gold.
Quaid believes that its roller coaster trend is still continuing. I hope traders will pay attention to the speeches of several Fed officials later this week, hoping to find clues to future monetary policy at a time when people are worried about the independence of the Fed. And I will analyze it for you as soon as possible and give you reasonable suggestions.
Current strategy:
Relative to the market situation: as long as the price can continue to rise, it means that the current situation is just a volatile market, not a peak retracement, which is also a feature of the volatile trend; at the same time, the current market is not extremely strong after a sharp drop, and it is still in a volatile rise; therefore, do not go long, but go long after the retracement support.
One Step Ahead of the MarketHey guys and girls,
Look at this chart, Do you see what I see? (we are heading into a bear market).
(RSI= 86, kiss of Death) a chart is worth a thousand words!
Technical Section (a top is in place- ABC bear market):
Wave 1 = $ 850
Wave 3 = $ 1650
Wave 3 > 1.618 x length of Wave 1----> Wave 5 (Max) = 2.618 x length of Wave 1 (Target = $ 3300)
Fundamental (Bearish):
Let's look at the reasons:
a- Trump's trade war is over; as a result, there is no strong overriding trend.
b- Federal Reserve holds interest rates steady
Conclusion:
The trend is losing momentum and a top is in place.
Target = $ 2700
Invalidation level = $ 4170
Can the 3370 support level turn the tide?The Asian session low of 3413 rebounded to 3500 under pressure, and then fell back to 3370 in the evening, with a single-day fluctuation of more than 100 points. Since the 14-day bull market started at 2959 on April 7, the gold price has soared 500 points, and the short-term overbought has triggered technical correction pressure. The current market presents a strong pattern of "buying on every correction", and even if there is a long upper shadow, the bullish sentiment still dominates the market.
From a technical perspective, the support near 3370 is crucial. If it holds, the bullish trend will continue; otherwise, a break may trigger a deeper adjustment. Although there is short-term profit-taking pressure, the overall market is bullish. It is recommended to pay attention to the key support level of 3370 and be alert to low-long opportunities in repeated fluctuations.
Gold intraday high V reversal looks to continueToday's market analysis and interpretation:
First, the gold daily level: After closing with a full increase of 100 US dollars yesterday, it continued to rise by nearly 90 US dollars today. The daily line may not feel the acceleration, but from the weekly line, the trend of continuous large positives for nearly three weeks and an increase of more than 500 US dollars, it seems to be accelerating to the top; although the overall bullish trend this year will not be affected at all, in the short term, some bulls may flee due to the accelerated pull, that is, profit-taking, which is often more likely to happen; In addition, yesterday's research report focused on interpreting the trend of 2956 to 3500. It is very likely to cycle the previous wave of 2832 to 3167. The maximum retracement of 618 division position just confirms the previous top and bottom support of 3167. In addition, from the wave shape, if 2832-3167 belongs to the first wave, 3167 to 2956 belongs to the second wave, and the third wave is calculated by 1.618 times the first wave, it is exactly 3498, which is today's intraday high of 3500. Then the fourth correction wave may be brewing in the follow-up, which is generally the third wave 382 or 50 division, and it generally will not fall below the first wave high of 3167. Therefore, in the next few days, if 3500 cannot be broken through again, the correction will focus on the 382 division support 3292 and the 50 division support 3228. The limit is that it is unlikely to fall too far from 3167, and then Waiting for the opportunity of band bullishness, each squat adjustment is to further continue the bullish trend;
Second, gold 4-hour level: the current MA5-day moving average support is barely holding up temporarily, and the top is a bearish pattern of "evening star" with a large Yin wrapped in Yang. It needs to be combined with the subsequent K-line pattern. If there are continuous Yins and large Yins continue to appear, then this cycle will begin to be under pressure, and the MA10-day support of 3428 and the middle track of 3378-72 will be gradually tested below;
Third, gold hourly level: Asian session continues to rise sharply, but the European session suppresses the 3500 line and falls back, temporarily supporting the middle track. The inability of the European session to attack increases the risk of further downward adjustment tonight; once the middle track is effectively lost, it will continue to fall. Finally, tonight, we can gradually see the 66-day moving average, which is also the lower track of the white channel in the figure, about 3380; The short-term resistance is the 10-day moving average and the white channel counter-pressure point, concentrated at 3470-3480, which happens to be the 618 division point of the European session's decline and rebound; therefore, pay attention to 3470-3480 tonight. If it cannot withstand the pressure, it will continue to decline and gradually look at 3428 and 3411. The strong support is in the range of 3380-3370 tonight. If it stabilizes here, it will rebound to confirm the middle track, and the ups and downs will be huge.
Gold Analysis April 22Gold is having a slight correction after touching the round resistance level of 3500.
The candlestick force on the h1 time frame is supporting gold to increase again at the end of the European session. Pay attention to the breakout zone around 73 and the ATH zone around 3500 for Sell strategies. Break 3500, do not SELL anymore but wait until 3520.
The buying strategy may be more preferred for traders. The zones where the buyers have appeared in the past are 3435-3408-3385-3355. Pay attention to whether the candlestick force is really strong before making a long-term buying decision.
Gold hits 3500 retracement adjustmentGold Technical Forecast:
From a technical perspective, gold is confidently moving along a bullish trajectory. There is no doubt about that. But the signals now sent by the Relative Strength Index (RSI) and other momentum indicators are worth paying attention to. The daily RSI reading is close to 80, which has entered the severely overbought area. However, this does not necessarily indicate impending doom. It just confirms what we already know: buyers are in control.
So, is the price close to a top? Possibly. But I would not sound the alarm bells just yet. These high indicators are more of a warning than a battle cry. It is more of a "stay alert" than a "get out of here".
Spot Gold Technical Levels to Watch
Gold's climb to a record $3,500 was impressive, but as expected, it has begun to retreat slightly from this psychological high, most likely due to some conventional profit-taking. There is no natural resistance above this level; all we have are round numbers. However, on the way down, the situation is different.
Technical Analysis
Initial support includes Monday's high of $3,430 and the round number mark of $3,400 on the daily chart. Looking further down, $3,357 is last week's breakout level, followed by reliable support at $3,300. If a more meaningful pullback occurs, $3,245 and $3,167 will be worth watching, both of which were previous resistance ranges and are now likely to become support levels.