GOLD this will go to 7k todayCommunity discussions
GOLD this will go to 7k today
XAUUSD Idea: XAUUSD 15M – Smart Money Rebui…
XAUUSD 15M UPDATE – PEAK ALPHA STRATEGY
Price reacting beautifully from the buying zone 🟢
Liquidity cleared — eyes on mid-zone for breakout 💥
Targets: 4,030→ 4,035 → 4,050 🚀
GOLD let wait for the close of today to really determine which direction we are going because it looks like markets want to range with bullishness looking more favorable, but let wait till the end of today to decideXAUUSD XAUUSD 15M UPDATE – PEAK ALPHA STRATEGY
Price reacting beautifully from the buying zone 🟢
Liquidity cleared — eyes on mid-zone for breakout 💥
Targets: 4,030 → 4,035 → 4,050 🚀
XAUUSD someone said gold will go to 3950 LOL News points to buy gold. Goodluck with the position sir
xauusd as per my idea buy now
traders guide me what's your opinion
traders guide me what's your opinion
GOLD BUY Setup @ 4021TP: 4026.4040,SL: 4014
Reasoning:
Price is respecting demand zone and showing bullish momentum on lower timeframes. could push toward resistance.
GOLD released 70% of longs.. Majority is short now... On gold
XAUUSD Short-Term Wave Count
XAUUSD tradingview.com/x/reuyMUq5/Gold is trading in a range; buy low and sell high.
I. Multi-Timeframe Technical Analysis for Gold
1. Weekly Chart:
A significant pullback from highs resulted in a large bearish candle after nine consecutive bullish ones, indicating weakened short-term upward momentum.
Key Support: The MA5 moving average. A decisive break below it could lead to a further decline towards the 3900 mark.
Overall Structure: The moving average group still shows a bullish alignment, and the MACD indicator is operating at high levels. The long-term bullish trend remains intact, but the market is currently in a correction phase.
2. Daily Chart:
A clear head-and-shoulders pattern has emerged following the rapid decline from historical highs, signaling a correction.
Consecutive bearish candles have broken lower, with bearish forces in control. The correction on both the daily and weekly charts is still ongoing.
3. 1-Hour Chart (Key for Short-Term):
The moving average system is in a bearish alignment (with the 5, 10, and 20-hour MAs successively suppressing the price), indicating a short-term downtrend.
Key Resistance Zone: 4000-4030. The gap-down rebound in the Asian session was suppressed in this area, making it a crucial short-term pivot.
Short-Term Structure: After falling nearly 500 points from the 4380 double top to 3886, support was found. A minor ascending trendline has currently formed, with support around 3950.
II. Comprehensive Trading Strategy
Core Idea: The market is in a consolidation phase after a high-level pullback. The long-term bullish structure remains unchanged, but short-term momentum is bearish. The operational strategy suggests being flexible within key support and resistance ranges, prioritizing "buying on dips" over "selling on rallies."
Key Resistance Levels:
Primary Resistance Zone: 4030 - 4060
Secondary Resistance: 4046 (Last week's rebound high)
Key Support Levels:
Primary Support Zone: 3960 - 3930
Trendline Support: 3950 (Crucial for short-term bulls)
III. Detailed Trading Recommendations
1. Long Strategy (Buying Dips):
* Ideal Entry Zone: 3960 - 3930 range.
* Signal Confirmation: Wait for the price to pull back to this zone and show stabilizing candlestick patterns (e.g., Hammer, Bullish Engulfing).
* Stop-Loss Placement: Recommended below 3930.
* Profit Targets: Look towards 4000, 4030, and 4046 above.
2. Short Strategy (Selling Rallies):
* Ideal Entry Zone: 4030 - 4060 range.
* Signal Confirmation: Wait for the price to rally into this zone and show rejection candlestick patterns (e.g., Dark Cloud Cover, Bearish Engulfing).
* Stop-Loss Placement: Recommended above 4060.
* Profit Targets: Look towards 3980 and 3950 below.
IV. Risk Warning
Closely monitor the 3950 trendline support. An effective break below it would破坏 the short-term rebound structure, potentially leading to a further decline towards 3930 and even the 3900 level.
If the price strongly breaks above 4060, the short-term downward momentum would weaken, and a retest of higher resistance levels would be likely.
Summary: The gold market is currently experiencing a technical correction within a long-term bull market. Traders should focus on the core consolidation range of 3930-4060, looking for long opportunities near the range's lower bound and short opportunities near its upper bound, while strictly implementing stop-losses to control risk.
