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Xauusdanalysis

Elliott Wave Analysis – XAUUSD 20/8/2025 1. Momentum • D1 timeframe: Momentum lines are still “sticking” together, signaling that the bearish pressure is weakening. However, without a strong bullish D1 candle to confirm reversal, there is still a risk of sudden downward spikes. Patience is required until a clear bullish confirmation appears. • H4 timeframe: Momentum is currently turning bullish, suggesting a potential upward move today. But caution is needed: if the bullish candles are short, overlapping each other, and when momentum reaches the overbought zone without breaking the previous high → this move is likely just a corrective rebound. • H1 timeframe: Momentum is in the overbought area, indicating the possibility of a minor pullback or sideways movement in the short term. 2. Wave Structure • D1 timeframe: The corrective triangle structure remains valid (only invalidated if price breaks below 3270). The main scenario continues to favor wave 1 and 2 in blue, with price currently in wave 2. • H4 timeframe: The decline in wave C shows overlapping sub-waves, each formed by 3-wave structures, hinting at the possibility of an ending diagonal for wave C. The pattern is not yet complete, so we need further observation for confirmation. • H1 timeframe: Within the 5-wave structure of an ending diagonal, wave 3 is typically the strongest and a divergence usually occurs between wave 3 and wave 5 on RSI. Yesterday’s decline pushed RSI into the oversold zone, but no divergence has formed yet. Combined with H4 momentum turning bullish, this suggests the current move is likely wave 3 (yellow). A corrective wave 4 upward is expected, followed by a final decline to complete wave 5 with RSI divergence. Once wave 5 ends, the entire wave C diagonal will be complete, paving the way for a strong bullish rally — a typical characteristic of ending diagonals. 3. Trading Plan The strategy is based on the ending diagonal pattern: • Conservative approach: Wait for a breakout above the upper boundary of the diagonal before entering. • Aggressive approach: Wait for wave 5 to complete and enter at the projected bottom of wave 5. Trade setup: • Buy Zone: 3301 – 3299 • Stop Loss (SL): 3219 • Take Profit (TP1): 3314 • Take Profit (TP2): 3362 • Take Profit (TP3): 3381
OANDA:XAUUSDLong
by WavePoint_FX
1
Gold (XAUUSD) Bulls: Eyes on 3301 – Smart Entry Zone ApproachingGold is nearing a key support zone at 3301–3298, where buying interest may begin to build. A bounce from this area could trigger a potential upward move. 🔻 Trade Setup Entry: Buy at 3301 Targets: Refer to marked zones on the chart Invalidation: Setup remains valid unless price breaks below 3290. 📌 Risk-Reward: Tight risk with strong upside potential. Manage your position accordingly. 👍 If you found this idea helpful, drop a like and share your thoughts in the comments — let’s grow together! Happy Trading, – The InvestPro Team
OANDA:XAUUSDLong
by InvestPro_India
1
Gold (XAU/USD) 4H- 20th August 2025Gold continues to trade in a bearish transitional phase after extended bullish movement. Current structure shows price reacting from premium supply zones, with liquidity resting below prior lows. This suggests short setups remain favorable, while discount levels could still attract buyers if deeper pullbacks occur. ✅ Primary Trading Levels Primary Buy Zone – $3280 to $3288 Gold has a fresh 4H demand block aligning with a discount zone and liquidity resting under recent equal lows. A rejection here could fuel a rebound back into $3338 and potentially $3350. Stop Loss: Below $3270 Targets: $3338 → $3350 Primary Sell Zone – $3346 to $3354 This area sits in premium territory, overlapping with a refined supply block and an unfilled imbalance. Liquidity above equal highs at $3355 makes this the most attractive level for sellers. Stop Loss: Above $3364 Targets: $3305 → $3288 ⚠️ Fallback Levels Fallback Buy Zone: $3252 – $3260 → Targeting $3305 / $3332 Fallback Sell Zone: $3372 – $3380 → Targeting $3330 / $3305 🏆 Golden Zone of the Day Sell Zone $3346 – $3354 is the highest-probability, institution-grade level for today. This zone aligns with liquidity above equal highs and offers the best risk-reward for shorts into downside targets. 📌 Trading Plan Focus on short setups near $3346 – $3354 Look for confirmation: wick rejection or displacement within the zone Manage risk tightly around liquidity shelves 📢 Conclusion: Gold is offering a clean sell-side opportunity from premium levels, with downside targets into $3305 and $3288. Buyers may only regain control if $3280 holds firmly. For now, sellers have the upper hand.
OANDA:XAUUSD
by Tami512
Gold's rebound is weak. Will it continue to fall?Gold prices were stable in early Asian trading on Wednesday, currently fluctuating around 3315. Gold prices experienced a surge and then decline in both of the first two trading days of this week, but the upward momentum was insufficient, preventing it from breaking through the upward pressure. This decline was driven by the combined influence of a stronger US dollar, geopolitical uncertainty, and expectations for Federal Reserve policy. Gold prices fluctuated downward, breaking through the weekly low to set a new low. The daily chart shows a bearish trend, with the moving averages forming a downward crossover, and the Bollinger Bands opening downward in the short term. From the 4-hour chart, the upper short-term resistance has moved downward and is currently around 3330-3335. The lower support is around 3300. The overall main tone of high-altitude participation is maintained. Gold's 1-hour moving average is also continuing its bearish divergence, indicating that bears still have downward momentum in gold, and the rebound is beginning to weaken. If the Asian market rebound fails to break above 3330, it will be extremely weak, and any small rebound in gold will continue to be dominated by bears. Trading Strategy: Long around 3290, stop loss at 3280, profit range 3320-3340; Short around 3330, stop loss at 3340, profit range 3300-3280; Key Points: First Support Level: 3300, Second Support Level: 3295, Third Support Level: 3285 First Resistance Level: 3325, Second Resistance Level: 3330, Third Resistance Level: 3340
FX:XAUUSDShort
by Market_Trader
XAU/USD Continues to Fall and Approaches $3,300 per OunceGold has now extended its four-session losing streak, with prices dropping more than 1.5% in the short term. So far, bearish pressure remains active, as gold has lost some of its appeal as a safe-haven asset, mainly due to easing global geopolitical tensions and growing expectations that central banks may begin considering rate cuts. These developments have shifted attention toward riskier assets, leaving gold demand on the back foot. If this environment persists, the precious metal could face stronger selling pressure in the near term. Sideways Movement Holds Steady Since mid-April, gold has been trading within a lateral range, with the upper boundary around $3,400 per ounce and support near $3,200. So far, price action has been insufficient to break out of the channel, keeping the lack of clear direction as the dominant technical structure. As long as this channel holds, the neutral setup may continue to dictate price behavior in the coming sessions. Technical Indicators RSI: The Relative Strength Index remains slightly below the neutral 50 level, signaling that selling momentum has taken control in the short term. However, the lack of a strong downward slope in the RSI has become notable. If the line continues to flatten, it could confirm a clearer phase of market indecision. MACD: The MACD histogram is also reflecting similar behavior, hovering close to the zero line, indicating that the recent moving average strength remains in a neutral zone. As long as this persists, gold is likely to remain trapped in a low-momentum environment. Key Levels to Watch: $3,400 per ounce – Key Resistance: This marks the top of the lateral channel. A breakout above this level could open the door to new highs, potentially establishing a more sustained bullish trend. $3,300 per ounce – Current Support: This level aligns with the 50-period simple moving average, making it a technical pivot zone. If price continues to struggle at this level, the sideways structure may remain intact for several more sessions. $3,200 per ounce – Critical Support: This level forms the lower boundary of the range. A decisive move below this area could strengthen the bearish outlook and trigger a new downtrend that may dominate over the longer term. Written by Julian Pineda, CFA – Market Analyst
FOREXCOM:XAUUSD
by FOREXcom
XAUUSD: Fake Out Confirms Bearish Pressure, Eyeing 3323 & 3314Hello guys. We recently saw a fake-out above the descending channel, which trapped early buyers and confirmed that sellers are still in control. Despite the QML formation in the highlighted zone, the bearish pressure remains dominant. As long as the price trades below the fake-out high, the overall trend continues to point downward. My immediate downside targets are: 3323 (first key level) 3314 (secondary target, potential liquidity grab zone) If sellers manage to hold momentum, we could see a continuation deeper into the channel. ⚠️ Keep in mind that a clean break above the fake-out level would invalidate this bearish outlook.
OANDA:XAUUSDShort
by melikatrader94
22
XAUUSD 15m – EW Short SetupHi fellow traders, On the 15m XAUUSD chart, I am applying Elliott Wave principles to identify a short opportunity. The current structure suggests a continuation to the downside after the corrective move. An additional confluence here is the red-shaded supply zone, which aligns with my projected entry area and strengthens the setup. I am entering at 3347.26, with a Stop Loss at 3351.87 and a Take Profit at 3322.53, targeting the next support level. Good luck and trade safe.
ICMARKETS:XAUUSDShort
by OGwavetrader
The bulls are powerless. Continued decline?Gold hit a low near 3326 in early Asian trading. Despite repeated downward pressure to build upward momentum, it hasn't broken through. Bullish attacks have been fruitless, and the pressure from the highs has shifted downward. While it has once again bottomed out and rebounded, it still hasn't broken through the upward pressure zone. The current resistance level is around 3345, the site of Monday's rapid decline, which also represents a previous top-bottom reversal. Analysis of the 1-hour chart shows that gold prices have fallen to the key support level of 3330-3320. The moving averages are crossing downward, with upper resistance at 3345 near the MA100. A breakout could see the second resistance level of 3350-3360. The current range is oscillating between 3320-3360. We recommend caution in chasing orders within this range and patiently wait for key entry points. Trading strategy: Short around 3350, cover shorts at 3360, set a stop-loss at 3370, and profit range between 3330-3320. Below this level, target 3300. If gold falls below 3320, try a light long position around 3315, with profit range between 3340-3350.
FX:XAUUSDShort
by Market_Trader
1
XAUUSD: Rebound Resistance & Short SetupAugust 18th: Gold closed at a daily low on Friday and gapped down slightly at the open on Monday. After dipping to a low of 3323, it staged a rebound. The wedge pattern is gradually converging, and the overall price action remains in a top-side consolidation phase. On the 4-hour chart, consecutive strong bullish candles have broken through and held above the middle Bollinger Band, with the short-term trend shifting from weak to strong. That said, as the 3358-3360 resistance zone remains unbreached for now, the price is still stuck in a downward correction channel. Trading strategy: Consider shorting on a rebound around the aforementioned resistance zone. A confirmed break above this level would open the door to 3370-3380. For support, keep an eye on 3332 and 3320 below ⚡️⚡️⚡️ XAUUSD ⚡️⚡️⚡️ 🚀 Sell@ 3360 - 3355 🚀 TP 3345 - 3340 - 3335 Daily updates bring you precise trading signals 📊 When you hit a snag in trading, these signals stand as your trustworthy compass 🧭 Don’t hesitate to take a look—sincerely hoping they’ll be a huge help to you 🌟 👇
OANDA:XAUUSDShort
by Conqueror-
Bullish Setup on Gold – Targets Ahead!Gold ( OANDA:XAUUSD ) is still moving in the Support zone($3,350-$3,326) and near the Monthly Pivot Point . In terms of Elliott wave theory , it seems that Gold has managed to complete the Zigzag Correction(ABC/5-3-5) , and we should wait for the rising waves . Also, we can see the Regular Divergence(RD+) between Consecutive Valleys . I expect Gold to rise to at least $3,371 AFTER breaking the Resistance lines . Second Target: $3,394 Third Target: $3,407 Note: Stop Loss (SL) = $3,317 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.
OANDA:XAUUSDLong
by pejman_zwin
10
XAUUSD: Buy low, sell high in volatile marketYesterday's strategy hit its stop-loss, primarily because the entry point was too early. If the entry point had been at 3330, support would have been stronger. Now the gold price has once again fallen back to around 3330, you can consider entering the market again. Recently, gold prices have been volatile due to a reduction in risk aversion following talks between Trump and European leaders, including Putin and Zelensky, on ending the Russia-Ukraine conflict. However, without a substantive agreement, gold prices will not experience a significant decline in the short term and will primarily fluctuate within support and resistance ranges. Upper resistance is at 3355, while lower support is at 3325. A break of either level will break the volatile trend in gold prices. In terms of operation, you can rely on resistance and support to sell high and buy low.
TVC:GOLDLong
by Running_Golden_Bull
1
Gold XAUUSD Intraday Setup 19 August 2025Price is currently testing the mid-zone resistance around 3345–3348, which also aligns with the descending trendline. Bullish Scenario: If price closes above 3348 and retests successfully, it opens room for a move toward 3367–3370 levels. Bearish Scenario: If price fails to break and sustain above this resistance zone, rejection may trigger a drop back toward the 3325–3328 support zone. Currently, momentum is at a decision point – the reaction at this resistance zone will determine the next directional move. Signal: Buy: On breakout and retest above 3348, targeting 3367. Stop-loss: below 3340. Sell: On rejection from 3348 zone, targeting 3325. Stop-loss: above 3352.
FOREXCOM:XAUUSD
by QuinnReed_Charts
XAUUSD Update | Gold Builds Energy Ahead of FOMCGold continues to consolidate within a tight range, with selling pressure becoming more visible. With just over a day left until the FOMC meeting – a key event that could set the tone for the next major trend – the market seems to be loading up for a liquidity sweep. 👉 While price action may look messy and indecisive, for KeyLevel traders, this is the perfect hunting ground. Liquidity zones are being respected with precision, offering clean setups for those who understand MMFLOW structures. 📉 Market Outlook Primary Bias: Short-term corrective downside. Possible Play: Liquidity grab into the 331x area before a strong rebound higher. 🔑 Key Trading Levels Sell Zone: 3340 – 3345 | Tight SL: 4 – 5 pts 🎯 Targets: 3325 → 3317 → stretch 3310 📌 Note: Stay disciplined around these KeyLevels. One sharp BreakOut post-FOMC could trigger the next big directional move. ✨ As always with MMFLOW: KeyLevels = Profits ✅ 🔥 Follow MMFLOW TRADING to catch daily setups, smart money footprints, and precision KeyLevels.
OANDA:XAUUSDShort
by MMFlowTrading
Institutional Gold Analysis (XAU/USD) – 19 August 2025Gold prices are consolidating in a narrow range near $3,331, reflecting a transitional market phase as traders await fresh direction from the Federal Reserve’s upcoming Jackson Hole summit. The prevailing bias leans mildly bearish in the short term, with USD strength and higher yields capping upside momentum, while underlying safe-haven demand continues to provide structural support. From a 4-Hour institutional perspective, price action currently sits at the midpoint of an internal range, offering clearly defined liquidity pools both above and below. This creates an environment where institutional flows are likely to engineer sweeps into key supply and demand zones before a decisive expansion phase begins. Primary Institutional Zones Primary Buy Zone ($3,320–$3,325) The dominant area of interest for buyers lies within $3,320–$3,325, a well-defined discount zone that combines multiple layers of institutional confluence. This level is supported by a Rally-Base-Rally (RBR) demand zone, a fresh unmitigated order block, and a fair value gap formed during recent displacement. The retracement aligns perfectly with the Optimal Trade Entry (OTE) Fibonacci band (0.705–0.79), while liquidity pools at equal lows (EQL) provide the setup for a sweep before reversal. From here, upside targets extend first to the structural resistance at $3,348, and further towards $3,372 — the 1.272 Fibonacci extension of the last impulsive leg. Primary Sell Zone ($3,345–$3,350) On the supply side, the clearest short opportunity emerges between $3,345–$3,350, which has been validated as a Drop-Base-Drop (DBD) supply zone. This area overlaps with a fresh order block and fair value gap, while resting in the premium half of the internal swing. Equal highs (EQH) clustered at this level signal an ideal liquidity grab, with displacement likely to follow during London/New York Kill Zone overlap. Downside targets from this zone first revisit $3,331, with extended projections toward $3,295 (Fib 1.272 extension). Fallback Levels Should the primary zones be invalidated through manipulative displacement or deeper liquidity hunts, fallback areas are defined: Fallback Buy Zone ($3,310–$3,315): This deeper demand pocket provides secondary positioning if the primary buy zone fails, offering a structural base for recovery back into $3,325–$3,348. Fallback Sell Zone ($3,360–$3,365): If price sweeps beyond the primary sell zone, this extended premium region becomes the next institutional supply area, targeting retracements back to $3,350–$3,331. Golden Zone Nomination Of all identified zones, the Primary Sell Zone ($3,345–$3,350) emerges as the Golden Zone of the day. It represents the highest-probability, institution-grade setup due to its multi-layered confluence, liquidity alignment, and Kill Zone overlap. With the market capped below $3,350 in recent sessions, this level offers the most favorable balance of risk and reward for intraday execution. Institutional Confirmation Cross-validation with external institutional sources strengthens this bias. Reuters confirms gold’s range-bound behavior ahead of the Fed’s Jackson Hole summit, while FXStreet highlights fading bullish momentum near $3,330. TradingNews also reinforces the significance of the $3,348–$3,350 cap as resistance, perfectly aligning with our Sell Zone. Together, these insights support the transitional-to-bearish outlook, while acknowledging that long-term structural demand from central banks remains intact. Conclusion In summary, gold remains trapped between defined liquidity pools, awaiting a catalyst for directional expansion. For today, the Primary Sell Zone ($3,345–$3,350) stands out as the Golden Zone, offering the most institutionally aligned short opportunity with multiple confirmations. Meanwhile, the Primary Buy Zone ($3,320–$3,325) provides a structurally valid counterpoint should liquidity sweep lower. Until the Fed’s policy guidance becomes clear, traders should expect range-bound behavior with engineered liquidity grabs during London and New York sessions, best exploited by targeting the defined high-probability institutional zones.
OANDA:XAUUSD
by Tami512
XAUUSD Setup: Key Levels to Watch Before the Next Big Swing1. Chart Type & Indicators Instrument : XAUUSD (Gold vs USD) Timeframe: Likely Daily or 4H (based on structure) Indicators: Zig Zag (5, 10) – Helps visualize swing highs/lows and trend reversals. RSI (14) with signals marked (R for Reversal points). Price: 3,338.34 USD (at the time of the snapshot). 2. Trend Structure (Price Action) Previous High: Around 3,500. Current Price: 3,338, which is down ~4.6% from the recent high. Key Swings: Uptrend from 3,167 → 3,499 (+10.5%). Correction down to 3,120 (-10.8%). Subsequent swings are smaller, showing reduced volatility. Observation: Price is consolidating in a range between 3,250 and 3,450 after a strong rally. ZigZag indicates lower highs and lower lows recently, signaling a mild downtrend. 3. RSI Analysis Current RSI: 45.18 (Neutral zone, slightly bearish bias). Overbought zone (70+) was tested multiple times in the past but failed to hold, causing corrections. Recent green dot (R) indicates possible oversold bounce near 30 RSI in early August. Observation: RSI is not yet bullish, suggesting the price could range or test support before trending up. 4. Key Levels Resistance Zones: 3,450 – 3,500 (major resistance from previous highs). Support Zones: 3,300 – 3,250 (strong demand zone). Below that, 3,120 acts as major support. 5. Volume Higher volumes were observed during the strong rally (March-April). The recent volume is lower, indicating a weakening trend strength. 6. Possible Scenarios Bullish Scenario: If the price breaks above 3,450 with strong momentum, it can retest 3,500 and potentially move beyond. Bearish Scenario: If the price falls below 3,300, we could see 3,250 and 3,120 next. 7. Trading Plan Long Position: Only on breakout above 3,450 with volume confirmation (target 3,500–3,600). Short Position : If price closes below 3,300 (target 3,250–3,120). Range Trading: Between 3,300–3,450 (buy dips near 3,300, sell near 3,450). Summary: Market is in sideways consolidation after a strong uptrend. RSI suggests neutral to slightly bearish. Watch for a breakout above 3,450 or a breakdown below 3,300.
FXOPEN:XAUUSDLong
by forexinworld
Long Trade Idea: EURUSD (Buy Setup)Market Analysis: • Overall Trend: Bullish, supported by a clean Break of Structure (BOS) confirming upward momentum. • Clean inducement identified • Recent Price Action: The last bullish leg failed to clear the previous swing high and associated liquidity. As a result, I anticipate a temporary downside move to sweep buy-side liquidity below current levels. This pullback should create an optimal entry point for a long position, aligning with the broader bullish structure. Trade Expectation: Price is expected to dip lower to clear stops and liquidity before resuming the uptrend, providing a high-probability buy opportunity. Monitor for confirmation signals such as a reversal pattern or bullish divergence at lower levels. Risk Disclaimer: This is not financial advice. Market prices can move unpredictably due to various factors, including economic data releases, central bank speeches, interest rate decisions, geopolitical events, and policy updates. Always trade responsibly—only risk capital you can afford to lose, and employ sound risk management strategies such as stop-loss orders and position sizing.
Long
by Jefe_XAU
2
Pay Close Attention To Gold! - New ATH Expected soon!It’s not a surprise that we’ve been seeing a strong consolidation in XAUUSD(gold) over a couple of weeks/months now. The safe haven assert is about to break another record of making a new ALL TIME HIGH and this time, we’re reaching $3670. Technically, we’ve seen how buyers strength holds firm by making higher lows but no new high yet. A closer look from the intraday timeframe clearly shows us how Buyers are stepping in gradually. The new ALL TIME HIGH PRICE which we anticipate the market to reach is 3670 (100% Fibonacci Extension level) A buy opportunity is envisaged from the current market price.
PEPPERSTONE:XAUUSDLong
by Cartela
2
XAU/USD Intraday Plan | Support & Resistance to WatchGold is currently trading around $3,338, sitting just below the $3,344 resistance level. Price remains under both the 50MA (pink) and the 200MA (green), which continue to act as dynamic resistance and keep the short-term structure bearish. The recent bounce from the First Support Zone ($3,324–$3,344) shows buyers are still defending this area, but momentum is weak. A clean break and hold above $3,344 would open the path toward $3,364, with $3,386 as the next resistance. If price fails to reclaim $3,344, then a retest of the First Support Zone is likely. A deeper break could expose the Secondary Support Zone ($3,304–$3,281), and if selling pressure accelerates, the HTF Support Zone ($3,254–$3,229) comes into play. 📌 Key Levels to Watch: Resistance: ‣ $3,344 ‣ $3,364 ‣ $3,386 ‣ $3,406 Support: ‣ $3,324 ‣ $3,304 ‣ $3,281 ‣ $3,254 ‣ $3,229 ⚠️ For now, structure favors range-bound to bearish price action unless gold can reclaim $3,344 and hold above the 50MA. 📌 Fundamental Overview This week is event-heavy with multiple Fed speakers, Wednesday’s FOMC Minutes, and Thursday’s U.S. jobless claims & PMI data all set to drive volatility. The spotlight will be on Friday’s Jackson Hole Symposium, where Powell’s speech could shape expectations for upcoming rate cuts. On the geopolitical side, Trump’s push for a Russia–Ukraine peace deal has raised uncertainty, with reports of territorial concessions being discussed. While no breakthrough has been reached, the headlines add to safe-haven demand for gold.
OANDA:XAUUSD
by azgoldtrader
XAUUSD Intraday Analysis (1H) – August 19On the H1 timeframe, gold (XAUUSD) is showing signs of recovery after the recent sharp decline. Let’s break down the key technical factors: 1. Price Action & Trend After a strong selloff and gap fill, price bounced from the 3311 support area. Currently, XAUUSD is testing the confluence zone of short-term EMAs (20–50–100), which will determine whether the bullish momentum can extend. Market structure suggests a potential corrective rally toward resistance. 2. Key Technical Levels Immediate Support: 3330 – 3335 (EMA20 + local consolidation). Major Support: 3311 (recent swing low + Fibonacci extension). Near-term Resistance: 3349 – 3350 (EMA100 + recent rebound high). Strong Resistance: 3375 – 3380 (supply zone + structural resistance). 3. Indicators EMA: Price is attempting to reclaim EMA20/50; holding above 3340 could trigger further upside. RSI (H1): Recovering from oversold territory, signaling bullish momentum. Volume: Strong buying volume appeared at the recent low – an early sign of buyers stepping back in. 4. Trading Strategies Scenario 1 (Short-term Long Setup): Entry: 3335 – 3340 (if price sustains above EMA20). TP1: 3350 TP2: 3375 – 3380 SL: below 3325 Scenario 2 (Sell from Resistance): If price reaches 3375 – 3380 and forms bearish rejection signals, consider short entries. TP: 3340 – 3330 SL: above 3385 5. Conclusion Gold is currently in a corrective recovery phase. While the broader trend remains bearish, a rebound toward 3350 – 3380 is highly possible before the next directional move. This resistance zone will be critical for the next trading decisions. Follow for more high-probability setups and detailed multi-timeframe strategies.
FX:XAUUSD
by Henrybillion
1
XAUUSD:On August 19thOn August 19th, the news was light. The focus was on the meeting between the US and Russia and the phone call between Ukraine and the US president. The specifics of the discussion are unknown, but it seems to have led to some large orders as a safeguard for Ukraine in the future. Market-wise, gold prices remained in a narrow range, seemingly awaiting the interest rate decision. Since the Asian session, gold prices have been hovering between 3330 and 3340, with no significant gains or losses. Trading opportunities are slim. It seems that whether or not this interest rate cut will have a significant impact. Trading-wise, market sentiment is crucial. Selling high is reasonable, at least between today and tomorrow's data update. Also, when trading, it's important to monitor whether the US dollar index continues its downward trend. If so, gold prices could rebound slightly above 3,350 in the short term. If the US dollar index stops falling, the probability of profiting from shorting increases by approximately 30%. The trading strategy at the Swing Trading Center primarily focuses on selling high. Remember to manage risk during trading. Set stop-loss and take-profit targets to prevent sudden, one-sided declines or surges that could wipe out your account.
OANDA:XAUUSDShort
by WIN_Ludvig