Gold plummeted as expected. Operation strategy?In my last analysis, Quaid predicted that gold was at risk of falling and breaking.
Quaid promptly told everyone that they could short trade at 3310-3320.
At present, the market situation is basically consistent with Quaid's expectations. As of now, gold has fallen to a low point near 3215. And it has been maintained for some time.
Quaid speculates that gold will continue to maintain a bearish trend and continue to retreat.
Quaid data analysis:
From the hourly chart, gold is currently following a wave trend, and the highest point of 3352 is the starting point of wave A. The high point of wave b is at 3320. If the current 3220 is the beginning of the low point of wave C, then be careful of its continued decline.
Trading strategy:
In terms of the next operation, Quaid suggests waiting for short trading near 3225.
If gold falls below 3210 again, then the bottom can directly look towards the 3190-3200 range.
Quaid warned everyone not to think that the trading range is very large; because the trading markets in some Asian countries are closed, any terrible thing could happen. It is recommended that everyone take profits in time.
GOLD trade ideas
XAU / USD 4 Hour ChartHello traders. Happy Thursday. On the 4 hour chart, I have marked my area of interest to see if gold will keep pushing down or push back up to retest the breakdown area. Many times the overnight sessions get corrected with the NY open. Saying that, we may push up a bit only to come back down. Let's see how the 4 hour candle closes. Big G gets my thanks. Be well and trade the trend.
The Fed’s interest rate decision makes a grand debut
After gold quickly rose and fell today, gold basically began to fluctuate sideways. Of course, this is also to welcome the heavy data of the Federal Reserve's interest rate decision; gold is likely to fluctuate like this before the data, so where will the Federal Reserve's interest rate decision go? And how to lay it out?
Judging from the recent market and data, there is a high probability that gold will keep interest rates unchanged, so gold as a whole will still maintain a volatile upward trend. The gold 1-hour moving average is still a bullish arrangement with a golden cross upward. The strength of the gold bulls is still there, and gold will continue to make more dips. Gold 3350 is still an important turning point for gold's long-short transition. After the gold Fed interest rate decision, then we will continue to go long on dips above 3350. After the Federal Reserve's interest rate decision, gold will continue to buy on dips above 3350.
Gold's short-term trend is still a bullish arrangement. Gold will continue to buy on dips without breaking 3350. If the gold data unexpectedly falls below 3350, then re-arrange it at that time.
Operational ideas:
Gold more than 3350, stop loss 3340, target 3400-3420;
The Trader’s Trinity: THE BIG 3 OF TRADING!Everyone talks about strategies, indicators, and secret setups.
But if you strip trading down to its core, three pillars separate the winners from the quitters.
me @currencynerd , i call them The Big 3:
✅ Mindset/ Psychology
✅ Risk Management
✅ Strategy/ System with edge
You master these — you grow.
You neglect even one — you stay stuck, or worse, blow up.
Let’s dig in.
🧠 1. Mindset: Your Inner Edge
Markets aren't just math — they’re emotion, fear, greed, and uncertainty.
Successful traders:
Stick to plans during volatility
Stay calm after wins or losses
Manage ego (no "I must be right!" trades)
Key mindset habits:
Journaling trades (and emotions)
Setting realistic expectations
Accepting losses as part of the game
🔔 Reminder:
The market doesn't owe you anything. Stay humble, stay focused.
💣 2. Risk Management: Your Lifeline
Risk management isn't sexy — until you realize it's the reason you survive long enough to succeed.
Never risk more than 1–2% of your account on a single trade
Use stop-losses religiously
Understand position sizing — bigger conviction doesn’t mean "bet the farm"
Be comfortable being wrong — because you will be, often
Quote to live by:
"Amateurs focus on returns. Professionals focus on risk."
You don’t need to win every trade. You just need to protect your downside.
📈 3. Strategy: Your Playbook
Strategy gets all the attention — but it's only powerful if Mindset and Risk are already in place.
Your strategy should answer:
When do I enter?
When do I exit?
How do I manage trades in between?
Good strategies:
Are tested (backtested and forward tested)
Are simple (complexity often kills execution)
Fit your timeframe and personality
Trend following, mean reversion, breakout trading, scalping — it doesn’t matter.
What matters is consistency and execution.
🚀 Why the Big 3 Matter More Than Anything Else
Mindset keeps you stable.
Risk Management keeps you in the game.
Strategy gives you direction.
Neglect one and your trading will eventually collapse — no matter how good the other two are.
Successful trading isn’t a magic trick.
It’s mastering boring basics, executed relentlessly.
Final Thoughts from @currencynerd
You don’t need to find the Holy Grail.
You just need to respect the Big 3:
Master your mind.
Respect your risk.
Stick to your strategy.
Most traders are searching for the secret.
Elite traders are perfecting the fundamentals.
Which group are you going to be in?
put together by : @currencynerd
courtesy of : @TradingView
FLAG AND POOL PATTERN - XAUUSDXAUUSD
📊 Price Summary:
Low: 2951
High: 3498
Current Price (as of 3 May 2025): 3240
Pattern Identified: Flag and Pole, with potential breakout
Possible Pullback: To around 3175 before breakout
🧠 Technical Analysis View:
The flag and pole is a bullish continuation pattern, especially when the prior trend (the "pole") is steep and strong — which it is in this case (2951 → 3498).
A pullback to 3175 would represent a healthy retracement (~50% of the flag range), allowing the market to reset before a potential breakout.
🔍 Key Levels to Watch:
Support zone: 3175 – 3200 (watch for rejection or consolidation here)
Resistance (breakout zone): ~3255–3275 (if broken with volume, confirms breakout)
Target after breakout:
Measured move projection = Height of pole (~547 pts) → 3498 + 547 ≈ ~4045 (longer-term target if clean breakout)
Conservative target: 3350–3450 area
⚠️ Risks:
If 3175 breaks down with volume, pattern might fail — watch next support near 3120–3100.
Gold often reacts to macroeconomic events, USD strength, and interest rates, so keep fundamentals in mind.
GOLD (XAU/USD, 4H) updateOn the 4-hour chart, GOLD has broken below the lower boundary of a pennant pattern on increasing volume, signaling potential for continued downside. Despite this, the asset remains within the confines of a bullish megaphone structure, whose boundaries are still intact. The EMA indicators (20/50/100/200) are aligned in a bearish sequence, exerting downward pressure. The price is consolidating below the $3295 level and is approaching key demand zones.
Near-Term Downside Targets:
- $3177 — Intermediate demand zone
- $3063 — Major support level
Technical Highlights:
- Breakdown from bearish pennant confirmed by volume
- Price action continues within the bullish megaphone pattern
- EMA 20/50/100/200 positioned above price, indicating overhead resistance
- Volume increases observed during downward moves
- Key buyer interest zone: $3060–$3080
- Resistance zone: $3295–$3305
Following the breakdown from the consolidation pattern, gold is exhibiting a downward trajectory targeting support zones at $3177 and $3063. The bearish scenario is technically confirmed as long as the price remains below $3295. However, the movement within the bullish megaphone structure warrants close monitoring for potential shifts in momentum.
Gold recovers after deep fallWorld gold prices recovered to 3,238 USD/ounce on the morning of May 2 after hitting a bottom of 3,205 USD/ounce last night. The reason came from the sell-off when the Chinese market was on a long holiday, causing a lack of physical buying power.
However, investors quickly took advantage of this opportunity to buy, amid expectations that the FED would lower interest rates and central banks would continue to collect gold as a safe haven asset. The 4-hour chart shows that the price has bounced back from EMA89, heading towards the EMA34 resistance zone - a positive sign for a short-term recovery.
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold climbed higher, but very swiftly rejected our 0.365% zone, melting back down 740 PIPS. Should see a continuation to the downside.
But as I said yesterday, if we see a breach of $3,465 then we'll create an alternate analysis which'll show Gold leading towards a new ATH, creating a 'redistribution phase' at higher prices.
Bullish or bearish? (Read description). As of May 7, 2025, the XAU/USD (gold) market is experiencing fluctuations influenced by a combination of geopolitical developments, economic indicators, and central bank policies. 
⸻
📉 Recent Market Movements
Gold prices recently declined by 1.3% to $3,383.88 per ounce, retreating after nearly a 3% rise the previous day. This drop comes amid growing optimism over U.S.-China trade negotiations, diminishing the appeal of safe-haven assets like gold. Additionally, markets are focused on the Federal Reserve’s policy decision expected later in the day, with the central bank likely to hold interest rates steady while maintaining flexibility due to uncertainties from the trade war. 
⸻
🔮 Outlook for XAU/USD
Despite the recent pullback, the long-term outlook for gold remains bullish. Goldman Sachs projects that gold will continue to outperform silver due to sustained central bank demand, which has structurally elevated the gold-silver price ratio. Currently, the ratio stands at approximately 102, up from 84.7 a year ago. Factors such as slowing Chinese solar production, high recession risks, and robust bullion purchases by central banks contribute to gold’s stronger performance. Goldman Sachs maintains a bullish outlook on gold, forecasting a base price of $3,700 per ounce by year-end and $4,000 by mid-2026. 
⸻
📊 Technical Analysis
A key resistance level is observed at $2,660, with support around $2,600. A breach below this support could lead to further downside towards
$2,500.  
⸻
⚠️ Key Factors to Monitor
• Federal Reserve’s Policy Decisions: Anticipated rate cuts could influence gold’s appeal.
• Geopolitical Tensions: Ongoing conflicts may drive demand for safe-haven assets.
⸻
✅ Conclusion
While short-term fluctuations are expected, the long-term prospects for XAU/USD remain positive, supported by strong demand from central banks and geopolitical uncertainties. Investors should monitor key economic indicators and central bank policies for potential impacts on gold prices.  
⸻
XAUUSD /GOLD Trade Setup: Bullish (Buy)
Entry Price (Buy Limit):
Around $3,385 – This is near the retest zone (support) after the breakout and the top of the demand block from earlier.
Stop Loss:
Below the demand zone low, around $3,370 – This gives room in case of a liquidity sweep but protects against a structure break.
Take Profit (TP1 / Conservative):
Around $3,410 – This is below the upper supply zone to secure profits before potential reversal.
Take Profit (TP2 / Extended):
Around $3,425–3,430 – Closer to the full retest of the supply zone above for extended profits.
GOLD PLAN UPDATE 07/05/2025H4 is showing a reversal signal, but it looks more like a retest of the broken resistance zone.
By the book + looking at the D1 chart, there’s a high chance gold pushes higher after this retest.
To me, this current rally feels a bit shaky.
My view: gold might retest or break the previous high, but I don’t see it running too far before pulling back again.
That’s my medium-term outlook—not a short-term call. Let’s wait and see 😄