Gold Technical Analysis - Bearish Bias Below $3,384Gold is currently trading near $3,373 within an ascending channel but showing signs of weakness. A rejection near the $3,384–$3,390 resistance zone could trigger a downside move toward key supports at $3,350, $3,338, and $3,326. If price breaks below the channel midline, bearish momentum may strengthen. However, a bounce from support could push gold back toward the upper range. Keep an eye on breakout zones for the next move.
🔑 Key Levels to Watch
- Resistance: $3,384 → $3,390: Strong resistance zone
- Support: $3,350 → $3,338 → $3,326
- Breakout Zones: Below $3,338: Opens room to $3,310 and below. Above $3,390: May lead to fresh highs toward $3,410+
🧭 Trend Outlook
- Short-Term: Bearish bias within the ascending channel, especially if price breaks below mid-channel.
- Medium-Term: Neutral to bullish as long as the lower channel trendline holds.
- Momentum: Losing bullish momentum; potential for downside correction.
Price is at a decision point within the ascending channel. A clean break below the mid-channel and $3,365 area can accelerate downside correction. Stay alert to key support zones and any reversal signals.
Note
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GOLD trade ideas
Gold in ascending channelAfter last week's steep and violent drop from $3,439 USD post Fed, Gold has found new momentum thanks to weaker than expected non-farm payroll numbers. But the price has been capped inside an ascending channel. This doesn't look particularly convincing to me for a strong reversel and bull case in the short term unless we manage to break out of the channel soon. If we fail to break the $3,439 USD high pre- Fed meeting I expect a test of the lower bound of the channel and a potential break below that.
A break below the channel opens up the way to the low at $3,267 USD.
Lingrid | GOLD shorting Opportunity at Confluence ZoneThe price perfectly fulfilled my previous idea . OANDA:XAUUSD broke down sharply after forming a local top at the 3433 resistance zone, with clear bearish momentum dominating recent candles. Price is now consolidating below the broken trendline and previous structure at 3349, setting up for a possible retest and rejection. If price confirms rejection under this resistance, continuation toward the 3288 support area becomes highly likely. A lower high formation below the blue upward trendline would validate the bearish thesis.
📉 Key Levels
Sell trigger: Rejection near 3349–3350
Sell zone: 3345–3355
Target: 3288
Invalidation: Break above 3355 and trendline recovery
💡 Risks
Sudden bullish breakout could reclaim upward trendline
Support near 3288 may create a rebound
Thin liquidity could exaggerate short-term wicks
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Don’t Blink — Gold Charging Toward 3400!Overnight, we entered a long trade at 3365 and successfully closed the trade by hitting TP: 3395, locking in nearly 300pips of profit. This was a very successful and accurate trading strategy.
Just now, gold became very crazy after rising, and plunged directly from around 3397 to around 3372. It was a very scary and crazy diving action. In fact, I am not worried about it. On the contrary, I am very happy that it provides me with another opportunity to enter the market and go long on gold. I've already entered a long position in gold again, as planned, in the 3375-3365 area.
Regarding the recent plunge in gold, I think it was intended to scare off the long positions that were somewhat loose in their intentions. Although gold has fallen sharply, it is still in a recent volatile upward structure. The volatile upward structure has not been destroyed in the short term, so I believe that gold will not have much room for retracement for the time being under the support of the bullish structure. On the contrary, I believe that after gold touches around 3397, even if it is weak, it will try to hit the 3400 mark, and it is even expected to continue the bullish trend to the 3420-3430 area.
There may be many friends in the market waiting for the opportunity to enter the long market at 3350 or even 3340, but what I want to say is that under the support of the gold bull structure, the downward space has been greatly limited. In the short term, gold may not go to such a low position at all, so relatively speaking, I prefer to go long on gold in the 3375-3365 area, and I have indeed done so!
Opportunities only come to those who are preparedThe market expects the probability of the Federal Reserve cutting interest rates in September to be over 70%, with some institutions even predicting as high as 93.6%. Fed officials have recently released dovish remarks. If the rate cut is implemented, it will reduce the opportunity cost of holding gold, which is good for gold prices. The US has imposed tariffs on India and Switzerland, exacerbating global trade tensions and boosting demand for gold as a safe haven. The deadlock in the Iran nuclear talks and the shipping risks in the Red Sea have increased market risk aversion. Focus is on US initial jobless claims data and speeches by Fed officials. If the data is stronger than expected, it may suppress expectations of a rate cut and be bearish for gold. If the US dollar strengthens or geopolitical risks ease, gold prices may come under pressure and fall. Today, gold mainly showed a high-level fluctuation trend, hitting a high of $3397.25/oz in European trading before falling sharply. It is currently trading around $3382. Although gold prices are still in an upward channel, they have recently shown a high sideways trend. The market lacks unilateral driving factors. Gold can be shorted at high levels. It is recommended to short gold in batches around the highs of 3390-3405.
Next Stop 3420? Gold Bulls Push the LimitBecause the U.S. non-farm payroll report performed worse than expected, gold rebounded strongly last Friday and recovered half of its losses in one fell swoop. The bulls returned strongly. Today, after consolidating at a high level, gold continued to choose to break upward, reaching a high of around 3385.
There is no doubt that bullish forces still hold the upper hand. From a fundamental perspective, the Federal Reserve is currently facing greater pressure to cut interest rates; and it can also be clearly seen from the candlestick chart that a significant "W"-shaped double bottom structure has been constructed near 3268 and 3280, which has limited the gold's retracement space while also playing a key structural support role in the rise of gold. With the combined effects of news and technical factors, gold still has the potential to continue its upward trend. And I think there is still a great possibility that gold will test the 3400 mark again. Once gold stabilizes at 3400, it will definitely hit the 3420-3430 area.
As the center of gravity of gold gradually shifts upward, the lower support area also moves up. The current short-term support is obviously in the 3365-3355 area, while the relatively strong support is in the 3345-3335 area. According to the current pattern structure, the bulls may not allow gold to retreat to the 3345-3335 area. So in terms of short-term trading, we first consider the opportunity to enter long positions in the 3365-3355 area!
Bullish Break of Structure on 4H XAUUSD – Targeting 3451.525 Price broke structure to the upside on the 4H chart, showing bullish intent. I expect price to continue higher toward the 3451.525 level, which looks like a key liquidity area. As long as price holds above the break, the bias remains bullish.
Gold - Eyes on the Final Flush Before ReclaimGold recently dropped after reacting perfectly inside a higher time frame fair value gap. That zone acted as clean supply, offering a precise close within the imbalance and initiating a strong bearish leg. The move confirmed that buyers were overwhelmed at that level, and price began its descent back into a broader consolidation range.
Support Cluster and Fibonacci Alignment
The current zone being tested holds significant weight. Price has tapped into a clear support region, one that has already caused multiple strong bounces in recent sessions. What adds further confluence is the alignment of this zone with the golden pocket region of the entire upward leg. This kind of technical overlap increases the chances of responsive buying once liquidity is cleared below.
Liquidity Target and Inducement Setup
Just below current price action, there's a clean low that hasn't been taken out yet. This low acts as the inducement, sitting right above deeper Fibonacci levels, especially the 0.702. If price continues lower in the short term, a sweep of that low into the golden pocket would provide the ideal liquidity grab before a reversal. The market often rewards those who wait for that final flush.
Bullish Recovery Path
Once the liquidity is taken and price stabilizes at the golden pocket zone, the path is open for a recovery move back into the midrange and potentially higher. The most likely magnet for price after a successful bounce would be the previous resistance zone, which coincides with the 0.5 retracement of the recent drop. That area should act as the next decision point and could either cap the rally or provide the base for a continuation if buyers show strength.
What I’m Watching
The cleanest scenario would be a sweep of the low just below support, ideally pushing into the lower green box near the 0.702 level, followed by a strong bullish reaction. I’ll be watching for a market structure shift on the lower timeframes at that point to confirm the entry. If that happens, the trade has room to develop back into the prior resistance zone, offering a solid range for intraday or swing setups.
Conclusion
Gold remains in a broader range for now, but the technicals suggest one more drop to clear late long positions before a recovery. The reaction at the support cluster will be crucial. If bulls step in after the sweep, there’s a high-probability path back toward resistance, with the move likely supported by the golden pocket confluence.
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Gold 4H Swing Trade Setup!Currently watching price action as it approaches the 4H Fair Value Gap and descending trendline resistance. Price has not tapped this zone yet, and a move higher into this area could set up a potential reversal.
Setup Highlights:
4H FVG: 3,397–3,400 – Main area of interest.
Trendline Resistance: Confluence zone to watch for rejection.
Plan: Waiting for price to fill the imbalance and test the resistance before considering short entries.
Targets if Rejection Occurs:
TP1: 3,344 – First partial target.
TP2: 3,268 – 4H OB retest.
Invalidation:
A clear breakout and hold above 3,440 would invalidate the bearish scenario.
GOLD REMAINS UNDER PRESSURE AFTER U.S. INFLATION DATA📊 Market Overview:
Gold is trading around $3294, down from $3311 earlier after U.S. Core PCE and Employment Cost Index came in as expected — reinforcing the Fed's hawkish stance. A stronger dollar and rising Treasury yields continue to weigh on gold.
📉 Technical Analysis:
• Key resistance: $3302 – $3305
• Nearest support: $3285 – $3275
• EMA09 (H1): Price is below the 9-period EMA → short-term trend remains bearish
• Candlestick / volume / momentum: After the sharp drop, price is consolidating between $3293–$3298 with low volume. Failure to break above $3302 may trigger further downside. RSI near 45 suggests room for more selling.
📌 Outlook:
Gold may continue to decline in the short term if it fails to reclaim $3302 and the dollar remains strong through the Asian and European sessions.
💡 Suggested Trade Setup:
🔻 SELL XAU/USD: $3296 – $3298
🎯 TP: $3280 / $3275
❌ SL: $3305
🔺 BUY XAU/USD: $3275 – $3278 (if reversal candle appears)
🎯 TP: $3295
❌ SL: $3270
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Gold Ascending Triangle Breakout: Targeting $3,463XAU/USD is currently trading at $3,385.91 and has been consolidating in a tight ascending triangle pattern on the weekly chart for the past four months. This structure has formed after a strong impulse move earlier in the year and is now coiling beneath a significant resistance zone at $3,386 to $3,400. Each weekly rejection from this level has added strength to the ceiling, while the consistent formation of higher lows suggests institutional accumulation. Volume has been declining steadily during this period, a classic sign of compression and imminent breakout potential. Fibonacci extensions from the April impulse leg point toward upside targets of $3,463 (1.618), $3,586 (2.0), and $3,708 (2.618). A weekly close above $3,400 with strong volume would confirm the breakout and likely trigger a momentum-driven move toward these levels. Invalidation would occur with a weekly close below $3,330 or a clear break of trendline support. In the current macroeconomic climate—defined by central bank uncertainty, inflationary pressures, and geopolitical tension—gold remains a key hedge. This 4-month consolidation reflects not weakness, but pressure building beneath the surface. As with all sustained triangles, the longer the base, the stronger the breakout. A move from this structure could define the next major phase for gold heading into Q4 2025.
We remain bullish on gold prices today—3400+.We remain bullish on gold prices today—3400+.
As shown in Figure 4h, gold prices are actively breaking through.
Currently, the upper resistance level for gold is 3385-3390.
Going long at low prices is a good strategy.
We exited yesterday at 3380 and entered today around 3350-3360, achieving very stable profits.
Current support level for gold: 3350-3360.
Gold prices have now resumed their upward trend, indicating that bullish sentiment has returned to the primary upward trend.
Bullish sentiment will continue to strengthen.
Our target price for gold remains above 3400.
Day Trading Strategy:
1: Swing Strategy: 3350-3385 (Buy Low, Sell High)
2: Low-Price Long Strategy
Buy: 3350-3360-3370
Stop Loss: 3345
Target: 3380-3400
3: High-Price Short Strategy: (Caution is advised when trading short positions; avoid short positions)