GOLD → A stalemate situation - a bullish wedgeFX:XAUUSD is unable to break through the resistance level of 3400. However, an ambiguous “bullish wedge” pattern is forming on the chart...
The price of gold retreated from a two-week high on profit-taking. The correction intensified after the US imposed tariffs on imports of gold bars (1 kg), which could disrupt supplies from Switzerland and London.
Key supporting factors: Escalation of trade conflicts, concerns about the US economy and pressure on the Fed, questions about the Fed's independence after Trump's appointments
Risks: Short-term volatility ahead of US CPI data next week. However, fundamental drivers remain bullish.
Support levels: 3390, 3350
Resistance levels: 3405, 3435
The problem with the bullish wedge pattern is that it forms an ambiguous figure. We have an upward movement, but the pattern could easily reverse the local upward trend due to the fairly difficult resistance zone of 3390-3410.
If gold manages to consolidate above 3405, this will increase the chances of growth to 3435-3500.
BUT! There is a fairly high chance that the 3390 support level could be broken. In this case, the market could fall to 3350 before rising...
Best regards, R. Linda!
Futures market
XAU/USD | Gold at Make-or-Break $3400! BUY or SHORT ? (READ)By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from the previous analysis, the price began to rise and gained over 250 pips, reaching the $3409 supply zone. Upon hitting this key level, gold faced selling pressure and dropped more than 290 pips down to $3380. When it returned to this important level, strong buying stepped in again, and it is now trading around $3391.
The total return from this analysis so far has been over 540 pips. If gold manages to hold above $3400, the next upside targets will be $3409, $3416, and $3419. Keep an eye on the $3419–$3434 zone for potential reactions. Show some strong support for this analysis, friends, and stay tuned for direct trade setups based on it!
THE Previous Analysis :
Best Regards , Arman Shaban
GOLD ROUTE MAP UPDATEHey Everyone,
Great finish to the week with our chart idea playing out as analysed.
We complete dour Bullish target 3370 followed with cross and lock confirmation opening 3392 also completed this week. We now also have a cross and lock above 3392 opening 3416.
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.
BULLISH TARGET
3370 - DONE
EMA5 CROSS AND LOCK ABOVE 3370 WILL OPEN THE FOLLOWING BULLISH TARGETS
3392 - DONE
EMA5 CROSS AND LOCK ABOVE 3392 WILL OPEN THE FOLLOWING BULLISH TARGET
3416
We will now come back Sunday with a full multi timeframe analysis to prepare for next week’s setups, including updated views on the higher timeframes, EMA alignments, and structure expectations going forward.
Thanks again for all your likes, comments, and follows.
Wishing you all a fantastic weekend!!
Mr Gold
GoldViewFX
Gold 30Min Engaged ( Bullish Entry Detected )Time Frame: 30-Minute Warfare
Entry Protocol: Only after volume-verified breakout
🩸Bullish Movement From now price - 3401
➗ Hanzo Protocol: Volume-Tiered Entry Authority
➕ Zone Activated: Dynamic market pressure detected.
The level isn’t just price — it’s a memory of where they moved size.
Volume is rising beneath the surface — not noise, but preparation.
🔥 Tactical Note:
We wait for the energy signature — when volume betrays intention.
The trap gets set. The weak follow. We execute.
Lingrid | GOLD Short-Term Correction From Psychological LevelOANDA:XAUUSD is currently retesting the broken triangle structure from below, having rebounded from the ascending support zone. The price is approaching a confluence near 3,400–3410, where prior breakdown and resistance meet. If this level holds as resistance, the setup favors a bearish continuation toward 3,340 and possibly deeper. The broader structure shows lower highs and increasing rejection pressure below the resistance zone.
📉 Key Levels
Sell trigger: 3,400 rejection
Sell zone: 3,398.660–3,410
Target: 3,340
Invalidation: Break and hold above 3,410
💡 Risks
Momentum from recent rebound could challenge resistance
A higher low formation could tilt sentiment bullish
External factors (Fed, inflation data) may inject volatility beyond the range
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
GOLD Struggles Near 3400 ResistanceGOLD Struggles Near 3400 Resistance
Gold is facing strong resistance around 3400, and the price is hesitating to take clear direction.
Although it looks like gold wants to move higher, selling pressure is holding it back. The price action is forming a wedge pattern, which typically signals a potential drop.
If this pattern plays out, gold could fall.
In my view, this bearish setup will only be invalidated by major market manipulation, because from a broader perspective, there’s no fresh technical or fundamental reason for gold to push higher despite that the bigger trend is bullish.
The real risk isn’t just technical or macro—it’s that gold remains one of the most manipulated assets in the market.
If the price breaks below the resistance zone shown on the chart, the chances of a deeper drop will increase.
Targets: 3350, 3330, and 3294
I'm still more focused on a bearish movement.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
THE KOG REPORT - UpdateEnd of week update from us here at KOG:
KOG’s bias for the week:
Bullish above 3340 with targets above 3370✅, 3373✅, 3379✅ and above that 3384✅
Bearish on break of 3340 with targets below 3330, 3320 and below that 3310
RED BOXES:
Break above 3365 for 3372✅, 3375✅, 3379✅, 3384✅ and 3390✅ in extension of the move
Break below 3350 for 3346, 3340, 3335 and 3330 in extension of the move
All bullish above targets completed, no breaks below so we need not worry about the bearish below targets.
Not a bad week at all, even with the ranging and choppy price action. As you can see the red boxes shared for free have worked well and held price giving opportunities up and down following the path and the red box targets. Yesterday we also hit the final target we wanted for the week so no complaints.
Today, we haven't done much apart from a few long trades but now, due to it being late session we would like to see how the market closes and prepare for next week.
Support here stands at the 3375 level with resistance sitting at 3410 which is a possibility if we continue to hold. Is it worth taking however, we don't think so.
LEARN AND GENERATE YOUR OWN SIGNALS. You don't need any of us to guide you.
Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas
As always, trade safe.
KOG
Ready to BUY Gold to target 3445✏️ OANDA:XAUUSD confirms a continued uptrend as it breaks out of the triangle. The price is heading towards 3430 today and even higher at 3445. Today is Friday, the weekly candle close, and according to the range of the candle, it is possible to reach those highs. The BUY strategy can be activated at the moment and hold the position until the US session with the continuous US session buying pressure in recent days.
📉 Key Levels
Support: 3385-3365-3333
Resistance: 3419-3431-3445
Buy trigger: Confirmation of the h4 candle buying pressure above 3385
Buy trigger: Rejection of the support zone at 3365
Target 3445
Leave your comments on the idea. I am happy to read your views.
Market Manipulations. Bullish Trap (Smart Money Concepts SMC)
In the today's article, we will discuss how smart money manipulate the market with a bullish trap .
In simple words, a bullish trap is a FALSE bullish signal created by big players.
With a bullish trap, the smart money aims to:
1️⃣ Increase demand for an asset, encouraging the market participant to buy it.
2️⃣ Make sellers close their positions in a loss .
When a short position is closed, it is automatically BOUGHT by the market.
Take a look at a key horizontal resistance on AUDCHF.
Many times in the past, the market dropped from that.
For sellers, it is a perfect area to short from.
Bullish violation of the underlined zone make sellers close their position in a loss and attracts buyers.
Then the market suddenly starts falling heavily, revealing the presence of smart money.
Both the sellers and the buyers lose their money because of the manipulation.
There are 2 main reasons why the smart money manipulates the markets in a such a way:
1️⃣ - A big player is seeking to close a huge long position
When a long position is closed, it is automatically SOLD to the market.
In order to sell a huge position, smart money needs a counterpart who will buy their position.
Triggering stop losses of sellers and creating a false demand, smart money sell their position partially to the crowd.
2️⃣ - A big player wants to open a huge short position
But why the smart money can't just close their long position or open short without a manipulation?
A big sell order placed by the institutional trader, closing their long position, can have an impact on the price of the asset. If the sell order is large enough, it can push the price downward as sellers outnumber buyers. Smart money are trying to balance the supply and demand on the market, hiding their presence.
It is quite complicated for the newbies and even for experienced traders to recognize a bullish trap.
One of the efficient ways is to apply multiple time frame analysis and price action.
Remember, that most of the time bullish traps occur on key horizontal or vertical resistances.
After you see a breakout, analyze lower time frames.
Quite often, after a breakout, the market starts ranging .
After a breakout of a key daily resistance, gold started to consolidate within a narrow range on an hourly time frame.
Bearish breakout of the support of the range will indicate a strength of the sellers and a highly probable bullish trap.
Remember, that you can not spot all the traps, and occasionally you will be fooled by smart money. However, with experience, you will learn to recognize common bullish traps.
❤️Please, support my work with like, thank you!❤️
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NQ Targets (08-04-25)Many calls did play out last week and looking for some targets to get tested this week. On 7/29 called the Yellow arrow (last week's called range), the white is this week's. NDX has some gaps to retest, YTD chart below and yellow arrows are the targets.
The 30M and 4HR charts are adjusted to match the NDX gaps.
Anyway, the Overnight will be used to redirect the NAZ back up after most drops, this is normal and just beware of the O/N Pump/Dump once the Reg Session starts. Washington Street will spin, Fire, Tweet and do whatever works to get NAZ back above the DZ 23,486. Just watch the Queen spiral out of control should it not. The two day drop erased 23 trading days and those buyers are now loosing money. Should it not come back, the buyers that did not sell (trapped) will sell and send this even lower. Games/tricks can not fix that.
Gold Price Action Update: Neutral to Bearish BiasThis week, apart from my short trade on Tuesday, I’ve maintained a bullish outlook on Gold, suggesting buying the dips with the expectation of a breakout above the 3380-85 zone. I was targeting an acceleration above 3400 and eventually 3440. I followed through with this idea and bought in anticipation of the move.
However, something about Gold's recent price action raised a red flag for me, prompting me to close my buy positions. Let’s break it down:
Starting yesterday morning, the price action became erratic. Initially, we saw the expected breakout, but it was quickly reversed, and the price action turned choppy. Then came a series of quick pumps, followed by quick reversals—each time the market would move up, only to fall back again. As of writing, we’re sitting at 3388.
This kind of erratic movement usually suggests that we’re nearing a top, and even if Gold spikes again above 3400, I don’t want to hold positions in a market that’s so volatile and unsustainable in either direction.
So, I’m out for now, adopting a neutral to bearish stance.
If the price drops below 3370, it would indicate a likely top formation, and at that point, I’ll be looking to sell rallies; till then, wait and see.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Nice trade upside today from support which was shared yesterday. We managed to identify another set up on the indicators which performed well again on the long side but is not yet complete.
The bias levels given this morning have worked well at playing the range but we haven't managed to break above or below so unless scalping, we'll say wait for the break. End of the week tomorrow so lets hope we can breakout and make the move this wants to make.
Meanwhile, support 3370 and resistance 3395.
As always, trade safe.
KOG
Natural Gas Shows Signs of Bullish Wave CompletionNatural Gas Shows Signs of Bullish Wave Completion
Natural gas is struggling to drop below 2.92, which could mean the current bullish wave is coming to an end.
Since NG is moving in a clear correction, we might be in the 5th wave—this could either be the start of a larger bullish move or part of a corrective pattern.
Looking at how the price has moved in the past, I believe it's more likely that a bullish wave is forming and could continue into next week.
For now, I’m watching two short-term targets at 3.23 and 3.37.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
GOLD Technical Analysis! BUY!
My dear subscribers,
My technical analysis for GOLD is below:
The price is coiling around a solid key level - 3392.3
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 3397.7
Stop Loss - 3389.29
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Gold rises on continued central bank buyingHello everyone, great to see you again!
Gold prices have continued their upward momentum since last night, reaching as high as 3,403 USD, up 33 USD from the session’s low. At the time of writing, gold is undergoing a slight pullback but remains elevated around 3,385 USD.
The primary driver behind today’s rally is news that the People’s Bank of China (PBoC) continued accumulating gold in July, marking the ninth consecutive month of purchases.
Specifically, PBoC’s gold reserves increased by 60,000 ounces, bringing total holdings to 73.96 million ounces. Since November last year, China has purchased roughly 36 tonnes of gold in a move to diversify reserves and reduce reliance on the US dollar.
This trend of central bank gold buying, particularly by China, has been one of the key factors pushing gold prices up by 30% year-to-date, even though the pace has slowed as prices remain high.
With continued buying from central banks, gold is expected to maintain its upward trajectory, although a stronger US dollar could pose some headwinds.
A great opportunity to sell gold!Gold Analysis Short and Medium Timeframe Elliott Wave Analysis Style The gold market has completed five upward waves and is currently at the end of the upward wave. Given the formation of the corner market pattern, it could enter a reversal and decline towards $3,333.
How to Trade Daily Orderflow Continuation Patterns on Lower TFStep 1. Zoom Out and Become Aware of Weekly, Daily, 4HR Orderflow. (a recent orderblock that got smacked)
2. Zoom Into Lower timeframe and Mark previous lows as liquidity.
3. During Major Session (New York or London) wait for price to move aggressively OPPOSITE of your bias. when this occurs set an alert below the Low or watch it.
4. when price wicks below the low and closes above, wait for CANDLE CONFIRMATION. study Japanese candlestick patterns: hammer, bullish engulfing, doji.
GOLD NEXT MOVE (expecting a bearish move)(08-08-2025)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (08-08-2025)
Current price- 3390
"if Price stays below 3400, then next target is 3380, 3355 and 3340 and above that 3420 and 3455 ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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(Gold) Technical Analysis – Buy-Side Correction in PlayGold is currently undergoing a correction on the buy side, with price action suggesting the potential for further upside. The market is showing bullish momentum amid rising global uncertainty.
Dovish Fed Expectations: Increasing speculation around potential Fed rate cuts, along with discussions about leadership changes (including the possible replacement of Kugler and Powell), is contributing to a more accommodative outlook. Geopolitical & Trade Tensions: Continued escalation of global trade conflicts is boosting demand for safe-haven assets like gold, adding to bullish pressure.
If the price holds above the 3370–3380 support zone, bullish continuation toward 3420/3440 is likely in the short term.
You May find more details in the chart.
Ps; Support with like and comments for better analysis
Gold once again fell into range consolidation, how to operate inToday, Friday, gold finally closed above 3380 after Thursday's close. It initially surged to a high near 3408 on Friday's opening.
Gold is currently consolidating above 3380.
Over the past two days, gold has largely fluctuated between 3360 and 3360. After closing above 3380 yesterday, the current range has shifted to 3380-3400.
The hourly chart also shows the current range between 3380 and 3400.
Of course, 3380 is currently a significant support level.
If it falls below 3380 again, the range could fall back to 3380-60.
On the other hand, the current resistance above is around 3400 points.
If it stabilizes above 3400 (based on today's high, a new high would essentially indicate stability), the subsequent range would become 3400-3450.
This means that after stabilizing at 3400, there's a possibility of continued higher highs.
Of course, gold is currently trading between 3380 and 3400, depending on where it breaks in the US market.
Whichever way the breakout occurs, follow the trend.
Another possibility is that it could continue to consolidate between 3389 and 3400.
If this is the case, then you can simply buy low and sell high within the range.