Gold (XAU/USD) – Bearish Pennant Breakdown SetupGold is forming a bearish pennant on the 4H chart, suggesting a potential continuation of the prior bearish leg. A confirmed break below the $3,275 support area may trigger further downside toward the key targets.
Fundamentally, gold faces pressure from a firmer USD and rising real yields, which could accelerate selling momentum.
Pattern: Bearish Pennant
Sell Entry: Below $3,275
Targets:
* Target 1 – $3,260
* Target 2 – $3,240
* Target 3 – $3,200
Bias: Bearish
Trade Status: Setup forming – trade inactive until confirmed breakdown
Disclaimer: This is not financial advice. Please conduct your own research and manage risk accordingly.
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GOLD trade ideas
XAUUSD TRADE IDEA
Hi everyone,
here is my gold price movement forecast. My forecast tends to lean towards temporary strength for gold. Therefore, if there is a rejection at the trendline on the H4, I will wait for the price to come back to 3320 before shorting gold... If the price successfully breaks the entry price and makes a new high, I will look for opportunities to long towards 3402.
good luck all
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
Wide fluctuations, short at high levels and long at low levelsIn terms of news, we need to pay close attention to the conflict between Russia and Ukraine and the recent conflict between India and Pakistan. Initial jobless claims and PMI data will be released on Thursday, and the unemployment rate and non-farm data for April will be watched on Friday.
Technical side, from the 4-hour analysis, the upper side continues to focus on the short-term suppression of 3320-3330, and further focuses on the suppression of 3345-56. The intraday rebound relies on 3320-3330 to short and continue to fall. The lower support is 3300-3290, and the short-term long-short strength and weakness watershed is 3270-3260. Before the daily level loses this position, continue to see long-short fluctuations, and participate in high-altitude low-multiple cycles. Do not chase orders.
Intraday trading strategy
SELL 3320-3330
TP 3300-3290
BUY 3260-3270
TP 3300-3310
If you agree with this point of view, or you 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
Potential Bullish Reversal in XAU/USDAn observable lateral range structure emerges on the gold (XAU/USD) 1-hour chart, with a clearly respected support zone. The proposed idea suggests a potential 'W' pattern forming at the lower part of the range, indicating accumulation. If confirmed by favorable price action, an upward move toward the upper range resistance is anticipated. This entry aims to capitalize on a technical rebound from support, targeting a prominent liquidity zone above.
4/29 Gold Trading SignalsThe buy orders initiated around 3273 yesterday have already delivered solid profits.
After a slight rally at today’s opening, gold prices have pulled back.
Currently, the candlestick formation shows no clear directional trend, while some short-term technical indicators are pointing downward.
Before any corrective signals appear, we need to closely watch the support near 3306.
As long as this level holds, the short-term bullish momentum still has a chance to continue.
On the news side, today's scheduled data releases are of minor impact.
Focus instead on developments regarding the India-Pakistan situation and US Treasury Secretary Bessent’s press conference.
If geopolitical tensions escalate, gold may break out to new highs.
🔹 Today's Trading Strategy:
Sell within 3407-3428 zone
Buy within 3258-3223 zone
Flexibly trade between 3346-3313 / 3378-3336 / 3273-3316 zones
Please manage your positions carefully and stay alert for unexpected market moves.
GOLD RISKY LONG|
✅GOLD will soon retest a key support level of 3260$
So I think that the pair will make a rebound
And go up to retest the supply level above at 3323$
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold continues to chase gains
As gold broke below the 3300 mark in the European session, the market once again tested the 3270 first-line support, which is the edge of the lower track of the channel. It is expected that the market will continue to fluctuate widely.
Therefore, in terms of operation, it is recommended to go long on gold at 3270-3272, with a stop loss of 3267 and a target of 3330-3360.
If you have any better suggestions, please leave me a message below, thank you
#BEARISH MOVE EXPECTEDIn this analysis we're focusing on 1H time frame for gold. In this analyze we are using downward trendline along with the combination of price action. When price enter in our supply area, so our first step is to observe how price will react and if price give any bearish confirmation then we'll execute our trade. Confirmation is very important.
Always use stoploss for your trade.
Always use proper money management and proper R:R ratio.
This is my analysis not a financial advice.
#XAUUSD 1H Technical Analysis Expected Move.
Again Sell at 3305As Market is moving still in Falling wedge from 3330-3270
Key area 3305-3307
What possible scenario we have?
Bearish scanario:
- market Is in falling wedge channel
-if market give closing below 3305 (body of candle)then ready for the next Drop towards 3280 then 3250
Bullish Scenario:
- 3305 multiple rejection support resistance cluster
-if candles remains above 3305-3308 then buy owards 3330 then 3380 target
Overall im on bearish on THIS chart
Gold's safe haven cools down, gains hit resistanceSpot gold showed a clear downward trend during the trading session on Tuesday, and finally closed at $3,317.06/ounce, a single-day drop of 0.8%. The decline was mainly affected by two fundamental factors: first, the Trump administration unexpectedly softened its stance on auto tariffs, significantly weakening the market's risk aversion demand; second, the US dollar index took the opportunity to rebound, suppressing gold denominated in US dollars. It is worth noting that the market will usher in the release of two key economic data, the US GDP in the first quarter and the core PCE price index in March, on this trading day. These data are likely to redefine the market's expectations for the direction of the Fed's monetary policy.
Technical analysis:
From the daily level, the gold price has formed a bearish engulfing pattern, and the closing price has effectively fallen below the 5-day moving average support. The MACD indicator shows that the momentum is weakening, the red energy column continues to shrink, and the fast and slow lines tend to flatten. The current price is running in the range of 3324-3308, and the previous high of 3343 above constitutes an important resistance, while the psychological level of 3300 below and the 50-day moving average position of 3285 form key support.
The hourly chart shows more operational technical features: the price forms an obvious descending triangle consolidation pattern in the range of 3330-3300. The moving average system shows that the short-term trend is weak, the 5/10 hour moving average forms a dead cross near 3320, and the 20 hour moving average is pressed down to 3325 to form a dynamic resistance. The RSI indicator remains in the neutral area of 40-55, indicating that the market has not yet entered an oversold state. It is particularly noteworthy that the gold price has failed to test the 3330 resistance twice, and the pressure effect of this position deserves special attention.
Trading strategy recommendations:
Under the current technical pattern, it is recommended to adopt the idea of shorting on rallies. The ideal entry range for short orders is 3320-3325, and the stop loss should be set above 3330. The downside target first looks at the 3300 integer mark. If it breaks through effectively, it may further explore the 3285 support level. Special attention should be paid to the price performance during the European session: if the European session continues to be weak, short positions can be considered during the US session; if there is a strong rebound in the European session, it may turn into a volatile pattern, and the trading strategy needs to be adjusted at that time.
For potential long opportunities, it is recommended to remain cautious. Only when the price effectively breaks through the 3330 resistance and stabilizes, the strategy of stepping back to long positions can be considered, with the stop loss set below 3320 and the target looking at around 3343.
Risk warning:
This trading day needs to focus on the US GDP and PCE data released in the evening. If the GDP data is lower than the expected lower limit of 2.3%, it may re-stimulate safe-haven buying; and if the core PCE year-on-year growth rate exceeds 2.9%, it may strengthen the market's expectations that the Federal Reserve will maintain a hawkish stance. In addition, the support strength of the 3300 integer mark needs special attention, and any breakthrough may trigger subsequent trend market conditions.
Summary:
Combining technical and fundamental analysis, gold is weak in the short term, and it is recommended to take shorting on rallies as the main operation direction. However, we need to pay close attention to the possible fluctuations caused by important economic data and the defense of the key support level of 3300. Traders should strictly control risks, and it is recommended that the risk of a single transaction be controlled within 1-2% of the account funds.
Today's gold price focuses on support level: 3260Today's gold price focuses on support level: 3260
Affected by the Asian market closure, today's gold price broke through the triangle convergence oscillation structure and returned to wide range oscillation.
Next, focus on testing 3260. Once the support level is broken,
the gold price is likely to have a directional breakthrough again near 3245.
This is the best position range for long trend bottom-fishing: 3240-3260.
Similarly, this is also the best breakthrough range for short trend.
Once a big drop occurs, the next short target will be around 3180. If the 3260-3240 range can be held and a reversal is formed, then the gold price will most likely return to the 3400-3500 range again in the future.
Therefore, our strategy today is:
Look for opportunities to go long in the 3240-3260 range, stop loss at 3230-3240, target at 3300-3330.
Look for opportunities to short in the 3280-3300 range, stop loss at 3300-3310, target at 3240-3180.
I agree with both views.
After all, the Asian market has been closed for nearly 4 days.
Now, we have to observe the performance of the US market to determine the next move.
XAUUSD: 30/4 Today’s Market Analysis and StrategyGold technical analysis
The resistance level of the four-hour chart is 3330, and the support level is 3260.
The resistance level of the one-hour chart is 3307, and the support level is 3275.
The resistance level of the 30-minute chart is 3300, and the support level is 3280.
The 4H cycle is a horizontal box operation. This week is a data week. The gold price is greatly affected by the news. Wait for the NFP data on Friday to break the box operation. Due to the recent market fluctuations, the entry position is very critical. For the time being, focus on the previous support of 3300 today. If the US market stands at 3300, it can be bullish to the 3320~3330 area. On the contrary, if it falls below the 4H and daily support of 3260 US dollars, it may touch the monthly support level of 3230~3200.
There are many news about the US market data today. Wait for the data to be released before trading! Avoid losses caused by increased liquidity during the news release.
Trading strategy:
Buy: 3265 SL:3260
Buy: 3300 SL:3295
Sell: 3330 SL:3335
Sell: 3260 SL:3265
Only provide trading direction, specific entry price, SL/TP need to wait for real-time liquidity confirmation