Gold price analysis May 6Due to the impact of world economic and political tensions. The gold candle has reversed to increase again with the D1 candle increasing by nearly 100 prices.
The gold uptrend has formed and it is easier to trade to find entry zones. Today's beautiful Buy zone is noticed in the price retests to the Break out zone. 3328 is considered a buying opportunity today. Currently, gold is sideways in the 3372 and 3354 range. Watch for a breakout to trade the breakout and wait for the main entry zone. When gold increases, it will encounter barriers or targets for buy orders at 3410. Today is a day without much important news, so the 3410 and 3328 ranges are considered strong. If it breaks through this range, pay attention to the quite far range around 3445 and 3270
GOLD.PRO.OTMS trade ideas
Gold is rising strongly. When can the bull market stop?🗞News side:
1. Trump announces renegotiation of USMCA
2. Pay attention to the Fed interest rate
📈Technical aspects:
Looking at the daily chart, gold prices are breaking through important resistance levels and forming a strong upward trend. The price is currently trading around 3410, with strong suppression at 3420-3430 above the short-term. If the gold price encounters resistance and pressure, gold may once again experience a correction. Therefore, when the gold price touches the 325-3435 line, you can try to place a short position. In terms of operation, after two consecutive positive days on the technical front, the bulls will continue further. The current short-term support has moved up to the 3386 line. 3386 is the early resistance that turned into support after breaking through. This will be an important support level. At the same time, the 3270-3260 line support below is still strong. Continue to look at the 3430-3450 line. Therefore, in terms of operation, we mainly do long positions on callbacks and supplementary short positions on rebounds.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FXOPEN:XAUUSD FOREXCOM:XAUUSD TVC:GOLD
Gold is expected to pull back, short gold!Fundamentals:
Focus on the Fed's interest rate decision and Powell's speech;
I think the Fed will keep the interest rate decision unchanged this time, at least it will not announce a rate cut this time, which may suppress the gold market;
Technical aspects:
Before the Fed's interest rate decision, gold is currently in a volatile state. However, relatively speaking, it is currently in a volatile and bearish state, with short-term resistance in the 3395-3405 area; and gold has repeatedly tested the 3370-3360 below during the retracement process. After multiple tests, gold may be more likely to break through this support area; the key support below is in the 3360-3350 area, followed by the 3320-3310 area.
Trading strategy:
Consider shorting gold in the 3395-3405 area, TP: 3370-3360
GOLD - Is this the end of the Bull Run?Gold has once again followed my previous analysis — turning bearish right at key levels! 🚩 After an incredible bull run where price kept making new highs, signs are now pointing to a possible top. We could be entering a short-term bearish phase here, with potential for a deeper correction if momentum builds.
Right now, I’m holding a bearish bias. I’ll be watching for solid sell setups, especially around those well-defined resistance zones. There’s also an unfilled gap below that could attract price action — keep an eye on that level (chart shows the zone clearly 🔎).
I’ll be looking for confirmation through structure breaks and clean retests before entering shorts.
What’s your take — are we seeing a reversal brewing, or is this just a dip before the next leg up? Drop your thoughts below!
If this analysis helps, a boost or follow would mean a lot — and keeps you in the loop for the next moves! 🚀
Gold Narrative OverviewGold remains in a long-term and medium-term uptrend, while currently showing signs of a short-term pullback. Given this context, the most logical stance is to continue looking for buying opportunities. However, price has reached rather extreme levels after a sharp and uninterrupted rally in recent weeks. That’s why I lean toward the expectation of at least a temporary pause followed by a downside correction and the formation of a consolidation phase.
On the local timeframe, I anticipate that the price may continue to move lower through a consolidation, targeting the previous support level around 3,201. While short-term bullish impulses are still possible, I expect the broader move to be downward. This bearish setup would be invalidated if the price breaks above 3,380.
XAUUSD Price Action: Bullish Break + Liquidity Sweep Trade Idea🪙✨ Gold (XAUUSD) Technical Outlook ✨📈
I’m currently analyzing XAUUSD on both the daily and 4H timeframes, and here’s what I’m seeing:
🚀 Price has broken bullish structure and is now looking overextended, pushing into a buy-side liquidity zone—clearly visible to the left of current price action. 💰📊
It’s clearing buy stops, which could trigger a retracement soon. 🧲🔁
🎯 I’m watching closely for a pullback into the 50%–61.8% Fibonacci retracement zone on the current price swing—that’s my key point of interest for a potential long setup, provided we see a healthy pullback followed by another bullish break of structure. 🔍🔐
🧠 Not financial advice—just my personal analysis. Always manage risk. ⚠️📉
GOLD Will Grow! Buy!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,257.82.
Considering the today's price action, probabilities will be high to see a movement to 3,352.14.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
GOLD Price Analysis: Key Insights for Next Week Trading DecisionAfter testing a fresh record high around the $3,500 zone, gold made a sharp U-turn, erasing much of its gains and dropping toward the $3,260 support zone.
This reversal came as the US Dollar found fresh strength, following US President Trump’s major backtracking on tariffs against China and the dismissal of Fed Chair Powell.
Markets have since stayed volatile, swinging between "risk-on" and "risk-off" sentiment.
As we head into next week, gold price action is at a critical decision point, and it is unclear whether buyers or sellers will take control.
In this video, I break down the key technical zones, share my trading plan, and discuss potential opportunities to help navigate the uncertainty ahead.
Disclaimer:
This is my take based on experience and what I see on the charts. It’s not financial advice—always do your research and consult a licensed advisor before trading.
#GoldAnalysis #XAUUSD #ForexTrading #GoldForecast #TechnicalAnalysis #GoldPrice #TradingPlan #GoldVsDollar #WeekendMarketAnalysis
Bullish Setup on Gold: Correction hints continuation opportunityOANDA:XAUUSD is trading within a well-defined ascending channel, signaling strong bullish momentum. The price has consistently formed higher highs and higher lows, which aligns with the continuation of the uptrend. The recent pullback appears to be a healthy correction within the overall uptrend , allowing the market to potentially reset before continuing its upward trajectory within the ascending channel.
This pullback is offering a potential re-entry point for buyers, if key support levels hold. This would reinforce the bullish structure and increase the likelihood of a move toward the 3,680 price, which aligns with the channel’s upper boundary.
As long as the price remains above the 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.
GOLD - FVG-Based Long & Short Setup Within Range ContextPrice action remains range-bound with well-defined FVG zones acting as both support and resistance, offering reactive trading opportunities on both sides.
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1. Upper FVG as Resistance — Short Setup Trigger Zone
The highlighted upper green zone marks:
- Fair Value Gap (FVG): A clear inefficiency from the previous bearish impulse.
- Structural Significance: Price has struggled to break and hold above, showing signs of supply reactivation.
This zone is likely to attract sellers upon revisit, offering a clean risk-defined short opportunity.
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2. Lower FVG as Support — Long Setup Zone
The lower blue zone serves as:
- FVG Rebalance Area: A region where price previously left inefficiency, now acting as strong support.
- Accumulation Interest: Smart money often reloads in such imbalanced areas on retests.
This zone is optimal for positioning into the next bullish leg should price dip lower.
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3. Liquidity Sweep Mechanics — Trap Both Sides
The market structure hints at:
- Step 1: Induce buyers into breakout longs into resistance.
- Step 2: Reverse from FVG, triggering short entries and trapping longs.
- Step 3: Collect liquidity from lower range, potentially initiating new accumulation.
This movement pattern is characteristic of engineered liquidity grabs in both directions.
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4. Mid-Range Reaction — Key Pivot Area
Price currently hovers around the mid-range zone:
- Serving as a temporary balance point before volatility expansion.
- Acting as a launchpad for the next impulsive move, depending on order flow dominance.
Patience here is key — waiting for clean confirmations near FVGs provides optimal entry quality.
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5. Summary:
- Upper FVG Resistance → Short Bias
- Lower FVG Support → Long Bias
- Structured Reactions Around Imbalances Suggest Smart Money Activity
This is a dual-sided setup ideal for reaction-based traders awaiting price confirmation at extremes.
Sideway range, gold price accumulates below 3302⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) kicked off the week on a positive note, rising toward the $3,271 level during Monday’s Asian session as a blend of geopolitical and economic concerns fueled demand for the safe-haven asset. The prolonged Russia-Ukraine conflict, coupled with renewed tensions in the Middle East, continues to elevate global risk sentiment. Meanwhile, lingering uncertainty surrounding US President Donald Trump's tariff agenda has added to investor caution, further supporting the appeal of gold as a hedge in times of instability.
⭐️Personal comments NOVA:
Gold price continues to accumulate, low amplitude at the beginning of the week, waiting for the most important interest rate information this week
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3302- 3304 SL 3309
TP1: $3290
TP2: $3280
TP3: $3270
🔥BUY GOLD zone: $3204 - $3206 SL $3199
TP1: $3215
TP2: $3224
TP3: $3240
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold price weakens, correction 3176⭐️GOLDEN INFORMATION:
Gold’s intraday decline appears partly driven by technical selling pressure after decisively breaking below the key $3,265–$3,260 support zone. However, the US Dollar (USD) struggles to sustain any significant recovery as expectations grow for more aggressive Federal Reserve (Fed) rate cuts—fueled by an unexpected contraction in US GDP and signs of softening inflation. These factors may continue to support demand for the non-yielding precious metal, suggesting that traders should remain cautious before anticipating a deeper pullback from the recent all-time high near $3,500.
⭐️Personal comments NOVA:
Crossing the 3264 mark in the sideways price zone, gold prices continue to weaken.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3270- 3272 SL 3277
TP1: $3260
TP2: $3250
TP3: $3240
🔥BUY GOLD zone: $3178 - $3176 SL $3171
TP1: $3185
TP2: $3200
TP3: $3210
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD BEST PLACE TO BUY FROM|LONG
GOLD SIGNAL
Trade Direction: long
Entry Level: 3,341.45
Target Level: 3,414.79
Stop Loss: 3,292.55
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 2h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
Valid or fake out? - [1H] formationHere is what I noticed—let me know if this aligns with your perspective or if you see something different.
📌 Wave Structure Alignment
Wave A → C → E show corrective declines within the contracting triangle.
Wave B → D retrace in a controlled manner, respecting contraction limits.
Price tightening near 3392 - 3360, signaling absorption before a breakout move.
📌 Fibonacci Relationship Check
Wave A retraced ~38.2% - 61.8% of the previous impulse move.
Wave B & C followed standard corrective depths (~50% - 78.6%), aligning with expected fib levels.
Wave E represents the final squeeze (~38.2% - 61.8% of Wave D), acting as a breakout trigger.
📌 Liquidity Positioning & Institutional Play
Bullish Breakout Potential: A strong push above 3417 could activate momentum toward 3440 - 3510, but only if absorption transitions into expansion.
Bearish Breakdown Risk: If price rejects 3392, expect a liquidity grab driving price into 3303 - 3370 range.
💡 Verdict: What to Watch Next
The triangle structure appears valid, following typical Fibonacci relationships and smart money positioning. However, the breakout direction remains uncertain—monitor liquidity behavior closely before confirming entry.
📌 Key Levels in Play
🔹 3378 Retest: A crucial resistance zone—failure to reclaim suggests strong sell pressure.
🔹 Break Above: If buyers absorb selling pressure, the move could extend past 3385 pivot, favoring bulls.
🔹 Failure to Hold: A rejection at 3378 could induce fast liquidation, sending price toward 3363 and below.
🔥 Smart Money Perspective
Institutions may test 3378 multiple times before deciding the next move.
If absorption strengthens , price may lean bullish.
If rejection dominates , expect a fast downward sweep into 3339 - 3326 range.
The liquidity game is in play—what’s your take on this setup? Anything you’d fine-tune based on current order flow? 🚀🔥 Would love to hear your perspective!
Gold: The Start Of The C Wave (Extreme Danger!)After the FED announces their business Gold (XAUUSD) is likely to crash-down and hard.
I will support my statement with data coming from this chart.
The crash doesn't necessarily need to happen instantly. My idea is that we are witnessing a classic ABC correction in Elliott Wave Theory terminology. Let's dive in.
» Trading volume peaked in early April and has been dropping considerably.
» The ATH session ended as a very strong bearish (reversal) signal.
» There is a strong bearish divergence with the RSI. The RSI peaked February 2025 while Gold (XAU) peaked recently. Here is the chart:
Currently, Gold is showing a bounce until the resumption of the corrective bearish move.
Gold is set to move lower based on my interpretation of this chart. Approach with caution, or, go SHORT. You can't go wrong by shorting the top/resistance. Sell at resistance, buy at support.
Namaste.
Global central banks are increasing their holdingsGold hit a low of 3323 in the morning and then began to rebound strongly, reaching a high of 3386, then fell to a low of 3352, and rebounded to 3372. Gold made a slight correction near 3365 for a while, then fell to 3350, and now rebounded to 3368. There is less than an hour left before the European session. It is currently in the middle of the strong stretch in the morning. Now, gold still has some room for stretching. The upper resistance is currently at 3374-3377, which is expected to be the highest level today, and the lower support is 3340-3330. It is recommended to rebound short.
Operation strategy 1: It is recommended to rebound short at 3374-3378, stop loss at 3384, and the target is 3355-3325.
GOLD - A New High Is Coming?The price recently reached the 61.8% Fibonacci retracement level and at the same time, the has hit the 38.2% Fibonacci time level. This combination of price and time Fibonacci levels signals that the trend is strong and likely to continue. With this momentum, it is normal to expect a move towards a new high at 3580.
XAU / GOLD🌟 GOLD: THE BIGGEST TRADE OF SUMMER 2025
XAU/USD Forecast
📈 PHASE 1: SHORT-TERM RALLY (after small correction to 3172$)
We expect a bounce toward the $3,789–$3,800 resistance zone.
🔴 PHASE 2: THE SHAKEOUT
May 27 SELL ZONE.
After May 27, the cycle flips.
Expect a violent correction, retracing into key support around $2,880–$2,970 or even lower.
🟢 PHASE 3: THE BUY ZONE — July 13 +/- few days.
Mid-July marks the ideal long-term entry into TVC:GOLD before the explosive move.
🚀 PHASE 4: THE BREAKOUT
Target: ATH above $4,000 by late summer
Yes, EUROTLX:4K + gold is coming — but only after the market resets.