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Gold has a strong bullish momentum, could it rise further?The price is falling towards the pivot and could bounce to the 1st resistance, which is a pullback resistance. Pivot: 3,287.49 1st Support: 3,240.33 1st Resistance: 3,413.48 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:XAUUSDLong
by ICmarkets
5
Hanzo / Gold 15m Path ( Confirmed Breakout Zones )🆚 Gold The Path of Precision – Hanzo’s Market tactics 🔥 Key Levels & Breakout Strategy – 15M TF ☄️ Bullish Setup After Break Out – 3343 Zone Price must break liquidity with high volume to confirm the move. ☄️ Bearish Setup After Break Out – 3332 Zone Price must break liquidity with high volume to confirm the move. 🩸 15M Time Frame Confluence ———— CHoCH & Liquidity Grab @ 3366 Key Level / Equal lows Formation - 3331 Strong Rejection from 3356 – The Ultimate Pivot Strong Rejection from 3288 – The Ultimate Pivot 🔥 1H Time Frame Confirmation Twin Wicks @ 3343 – Liquidity Engineered Twin Wicks @ 3332 – Liquidity Engineered
TVC:GOLD
by Path_Of_Hanzo
1
Analysis of the latest gold trend next week: Core logic analysis Driving factors Safe-haven demand: The widening US fiscal deficit (US$36 trillion in debt), sovereign rating downgrades, and political uncertainty (debt concerns caused by Trump's policies) continue to support gold. Weakened US dollar: The weak US dollar index has increased the attractiveness of gold to non-US investors, and physical buying is active. Technical breakthrough: Gold prices have stabilized at key support levels, forming a long structure. Risk warning If US economic data exceeds expectations (such as inflation rebound, strong employment) or the Federal Reserve releases hawkish signals, gold prices may be suppressed. Geopolitical easing or short-term relief of debt problems may weaken risk aversion. Technical analysis refinement Key price levels Support range: 3315-3320 (trend line + hourly moving average adhesion area), 3305 (Bollinger middle track & long-short watershed). Resistance range: 3375-3380 (previous high concentration area), 3428 (open upside space after breakthrough). Indicator signal: If the Bollinger Bands open upward after closing, the bullish momentum can be confirmed with the MACD golden cross. Pattern observation: If the 4-hour chart forms a "high point rise, low point rise" structure, the upward trend will be strengthened; if it falls below 3305, be alert to the callback to 3280. Operation strategy optimization 1. Long strategy (main idea) Entry area: 3315-3320 (light position), 3305 (covering position). Stop loss setting: below 3300 (avoid false breakthrough and loss). Target position: The first target is 3350 (short-term profit-taking of some positions). The second target is 3380 (hold and look to 3428 after breaking through). Adding position conditions: breaking through 3380 with large volume and confirming by stepping back. 2. Short hedging strategy (backup) Trigger condition: breaking through 3305 and confirmed by 1-hour closing. Entry point: 3300-3305. Stop loss: above 3320. Target: 3280 (previous low support), 3250 (lower track of medium-term channel). Events to watch next week Policy trends: Speech by Fed officials (especially the tone before the June interest rate meeting). Debt progress: The result of the Senate vote on the US fiscal bill and the market reaction. Summary Trend dominance: fundamentals and technical resonance are more bullish, but be wary of profit-taking at high levels. Position management: It is recommended that the total position is ≤5%, and the stop loss strictly follows the 1%-2% account risk principle. Flexible response: If 3380 cannot be broken for a long time, some positions can be closed and wait and see; if it breaks through, increase the position accordingly.
FOREXCOM:XAUUSDLong
by Golden_Line_FX
XAUUSD - Potential Breakout/Rejection at Trendline ResistanceXAUUSD is currently consolidating within a potential ascending triangle pattern on the 2-hour chart, supported by an upward sloping trendline (in green). Price is nearing a critical juncture as it approaches a downward-sloping resistance trendline (in red). Potential Scenarios: Bullish Breakout: A decisive break above the red resistance trendline could signal a continuation of the upward trend. Look for confirmation with strong bullish candle closes and increased volume. Potential targets could be previous highs. Bearish Rejection: A rejection at the red resistance trendline, confirmed by bearish candle patterns, could indicate a potential move back down towards the green support trendline. Risk Management: Always use proper risk management. Only risk what you can afford to lose. Adjust position size according to your account size and risk tolerance. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading involves risk, and you should always do your own research before making any investment decisions.
OANDA:XAUUSD
by OctoAlgo_indicator
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone, Please see our updated 4H chart levels and targets for the coming week. Price is currently ranging sideways between the two key weighted levels at 3378 and 3312, with both gaps still open. We are closely monitoring these areas for a potential breakout. Until then, we expect continued sideways action within this range. We are watching for the EMA5 to cross and lock above or below these levels to confirm the next directional move. Once that happens, we will adapt accordingly, either to the upside or downside for buying dips. Until a clear break occurs, we anticipate price to test both levels. Our strategy remains to buy dips, using smaller timeframe support levels to capture 20–40 pip bounces, as we’ve consistently done. These intraday moves offer solid entry and exit opportunities in line with the current market structure. As always, our updated weighted levels and swing ranges provide the framework to identify key reaction points, helping us trade both short and mid term moves effectively. BULLISH TARGET 3378 EMA5 CROSS AND LOCK ABOVE 3378 WILL OPEN THE FOLLOWING BULLISH TARGETS 3438 EMA5 CROSS AND LOCK ABOVE 3438 WILL OPEN THE FOLLOWING BULLISH TARGET 3496 EMA5 CROSS AND LOCK ABOVE 3496 WILL OPEN THE FOLLOWING BULLISH TARGET 3555 BEARISH TARGETS 3312 EMA5 CROSS AND LOCK BELOW 3312 WILL OPEN THE FOLLOWING BEARISH TARGET 3249 EMA5 CROSS AND LOCK BELOW 3249 WILL OPEN THE SWING RANGE 3198 3119 EMA5 CROSS AND LOCK BELOW 3249 WILL OPEN THE SECONDARY SWING RANGE 3046 2988 As always, we will continue to provide regular updates throughout the week as we manage and execute the setups. Thank you all for your continued support, your likes, comments, and follows are always appreciated! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
4
GOLD Set To Grow! BUY! My dear followers, I analysed this chart on GOLD and concluded the following: The market is trading on 3338.3 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 3350.1 Safe Stop Loss - 3332.2 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
TRADENATION:XAUUSDLong
by AnabelSignals
1
Gold H4 Technical update and key levels bulls/bears📊 Technical Outlook Update H4 🏆 Bull Market Overview ▪️stuck in range for now ▪️overhead resistances will limit upside ▪️Bears key S/R: 3410/3460 USD ▪️Bulls key S/R: 3160/3240 USD ▪️Expect range price action ▪️Focus on selling high / buying low ▪️volatility likely to remain low ▪️next few weeks as no major headlines ⭐️Recommended strategy ▪️short high and buy low ▪️detailed price levels above ▪️right now no trade recommended Latest gold market updates: 📈 Gold surges as renewed tariff threats and geopolitical tensions drive safe-haven demand. 💳 Fiscal concerns escalate after the U.S. credit rating is downgraded, increasing investor interest in gold. 📊 Analysts identify $3,300 as a crucial support level, with strong buying interest keeping prices elevated. 🔮 Major banks project gold to surpass $4,000 per ounce within the next year, citing robust demand from both investors and central banks. 💍 Record gold prices prompt jewelry designers to shift toward 14-karat gold and alternative materials to control costs. 📉 Gold jewelry demand in India continues to decline due to high prices, while investment gold purchases rise. 🌍 Central banks, especially in emerging markets, sustain gold purchases to hedge against currency volatility and inflation. 🛡 Gold maintains key support above $3,200 despite market volatility and profit-taking pressures. 📈 Leading investment banks remain bullish, forecasting significant upside for gold through year-end. 💰 Gold is currently trading near $3,358 per ounce, reflecting ongoing volatility and global economic uncertainty.
OANDA:XAUUSDShort
by ProjectSyndicate
28
THE KOG REPORT Bank Holiday tomorrow so we'll keep it simple and update the KOG Report on Tuesday ready for the week ahead. Please have a look at the last few KOG Reports to see how it went, wasn't a bad week at all. This week, immediate red boxes are on the chart, there is a red box active above and the indicator is suggesting a potential retracement on the move. So we'll look for price to attempt the high, if failed we can expect the move downside into the order region where we may settle. RED BOXES: Break above 3365 for 3370, 3376, 3381, 3390 and 3403 in extension of the move Break below 3350 for 3343, 3335, 3330, 3323 and 3310 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
31
XAUUSD This is the level to look for a break-out.Gold (XAUUSD) has been trading within a Channel Up since the October 30 2024 High, which then transitioned inside it into a Bullish Megaphone. The recent May 15 rebound took place on the 1D MA50 (blue trend-line), which has been the pattern's Support since basically the start of the year (January 08 2025). Today however we see this rebound taking a pause on the Lower Highs trend-line that started on the April 22 High and until it breaks we can't speculate on a bullish price action as it is more likely to test again the 1D MA50, if not break the pattern downwards. If however Gold closes a 1D candle above the Lower Highs trend-line, we will turn bullish again, targeting 3700 (+18.29% from the bottom, similar to the previous Bullish Leg). Notice also that the 1D MACD just completed a Bullish Cross, which favors the buyer's case. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TRADENATION:XAUUSDLong
by TradingShot
1
Will It Break Through 3366 or Reversal Ahead of NFP Week? XAU/USD PLAN – 26/05 | Gold at Crossroads: Will It Break Through 3366 or Reversal Ahead of NFP Week? Gold is currently testing a key resistance zone following a sharp rebound last week. With the Fed maintaining its hawkish stance and US-EU trade tensions on hold, the market is in a wait-and-see mode, creating an ideal environment for structured trades. 🌍 MACRO CONTEXT: Trump Delays 50% Tariffs on the EU Until July 9: This temporarily reduced market tension, but the long-term risks remain. US 10-Year Yields Surge Above 4.55%: Bond markets are still pricing in tighter financial conditions, supporting the USD. The Fed Faces Operational Pressure: The Fed continues to trim its workforce by 10%, signaling internal challenges as rate hikes push up reserve interest payments. ➡️ Investors should brace for high volatility ahead of NFP week, closely monitoring any central bank statements and reactions. 🔍 TECHNICAL OUTLOOK – H1/H4 VIEW: Gold is consolidating near the 3360-3366 region, which is a critical sell zone where price has faced resistance. The chart reveals a rising channel and clear Fair Value Gaps (FVGs) both above and below the current price, hinting at significant volatility and liquidity sweeps in the near term. 🔑 KEY LEVELS TO WATCH: 🔺 Resistance Zones: 3364 – 3366: Local top and key reversal zone, a critical point to watch for potential rejection. 3406 – 3408: The upper bound of the FVG zone, with a potential blow-off target if a breakout occurs. 🔻 Support Zones: 3324 – 3326: 20 EMA retest, a possible bullish bounce if price holds here. 3310 – 3308: Trendline + EMA89 confluence, a strong support area. 3304: A break below this level would invalidate the short-term bullish outlook. 🎯 TRADE SETUPS: 🟢 BUY SCALP: Entry: 3326 – 3324 Stop-Loss: 3320 Take-Profit: 3330 → 3334 → 3338 → 3342 → 3346 → 3350 🟢 BUY ZONE: Entry: 3310 – 3308 Stop-Loss: 3304 Take-Profit: 3314 → 3318 → 3322 → 3326 → 3330 → 3340 🔴 SELL SCALP: Entry: 3364 – 3366 Stop-Loss: 3370 Take-Profit: 3360 → 3356 → 3352 → 3348 → 3344 → 3340 🔴 SELL ZONE: Entry: 3406 – 3408 Stop-Loss: 3412 Take-Profit: 3400 → 3396 → 3392 → 3388 → 3385 → 3380 ⚠️ STRATEGY RECOMMENDATION: If price breaks above 3366 with momentum, expect a run to 3408 and potentially 3450. If price rejects 3366 or fails to hold above 3320, look for short positions with tight stops. 📌 Final Note: Avoid chasing price in the middle of the range. Wait for a clear rejection or breakout confirmation to enter.
OANDA:XAUUSDShort
by MMFlowTrading
1
XAUUSD: Market Analysis and Strategy for May 26Gold technical analysis Daily chart resistance 3350-3400, support below 3284 Four-hour chart resistance 3350, support below 3322 One-hour chart resistance 3350, support below 3322 Gold news analysis: Last Friday (May 23), spot gold continued its strong rise in the US market. After a technical retracement from a two-week high in the previous trading day, it attracted bargain-hunting buying again, and the trading price remained above $3350. Fundamental factors continue to provide upward momentum for precious metals. Previously, Moody's rating agency downgraded the US credit rating from the highest level "Aaa" last week, and the weak 20-year Treasury auction results on Wednesday showed that the market demand for US assets weakened. These factors, combined with the uncertainty of the US economic outlook, continue to suppress the US dollar and provide support for gold denominated in US dollars. . Gold operation suggestions: From the current trend analysis, the lower support is the 3284 level daily line support near the four-hour 3322, and the upper pressure is the four-hour level 3350 level suppression. The short-term long and short strength watershed is the 3284 level. If the daily level stabilizes above this position, continue to buy at a low level. Buy: 3322near SL: 3317 Buy: 3330near SL: 3322
TVC:GOLDLong
by ActuaryJ
GOLD → Descending Channel and Triangle Appear on H4 Gold Technical Analysis EMA 200 Last Thursday, gold broke below the 200 EMA, signaling a potential trend reversal to bearish, followed by a rejection at 3,128.00 — an H4 order block area. However, on Tuesday, price action pushed back above the 200 EMA and held, indicating a return to bullish momentum. Chart Pattern Price movement is currently constrained by several trendlines, forming a descending channel and triangle pattern, creating a sideways market structure. Order Block Mapping A new H4 order block has formed, representing a key area to look for potential buy entries. If this zone is broken, it may offer a strong opportunity for a sell entry. 🟢 Bullish Scenario If gold reaches the 3,318.00 level — an H4 order block area — it may present a potential buying opportunity. A breakout above the upper trendline would confirm bullish continuation, with the first target at 3,366.00 (TP1), followed by a second target at 3,440.00 (TP2), which is also an H4 order block area. 🔴 Bearish Scenario If gold breaks below the H4 order block at 3,290.00 and breaches the lower trendline, it may offer a selling opportunity, with the next downside target at 3,055.00 — a key daily order block level. Best Regard
PEPPERSTONE:XAUUSD
by prafipytm
Hellena | GOLD (4H): LONG to resistance area of 3439.37.Colleagues, Last time, I suggested that the five-wave movement was not yet complete. It seems that this is indeed the case. Wave "5" of the higher degree is unfolding, and I expect the price to reach the resistance area around 3439.37, which marks the top of wave "X". Within the smaller five-wave structure, I believe wave "3" is currently in progress. A correction toward the 3248.38 area is possible. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
FX:XAUUSDLong
by Hellena_Trade
39
NZDJPY BULLISH OR BEARISH DETAILED ANALYSISNZDJPY has just completed a clean breakout from its descending channel, and we are now setting up for a potential bullish continuation. The breakout above the channel resistance confirms a reversal of the prior downtrend, signaling fresh bullish momentum in play. Price is currently hovering around 85.90, and I’m targeting a move toward 91.90 in the coming weeks as market structure shifts in favor of buyers. Fundamentally, the New Zealand dollar is gaining strength following the RBNZ's recent hawkish stance. Despite global rate cut expectations, the RBNZ has held firm, emphasizing inflation remains elevated and may require prolonged tight policy. This divergence from other central banks, particularly the BoJ, gives NZD an upper hand. On the flip side, the Japanese yen continues to show weakness due to the BoJ's ultra-loose monetary stance, and there's still no concrete signal of a shift toward tightening. Yield differentials remain wide, fueling carry trades in favor of NZD. Technically, the breakout is supported by strong bullish candles and increasing volume. The breakout level around 85.60 is now acting as fresh support, and as long as we hold above that zone, the bullish bias remains valid. The structure suggests momentum is building toward 88.50 as the next minor resistance, and a break above that could accelerate the rally to our full target at 91.90. From a risk-reward perspective, this setup remains favorable. I'm closely monitoring bullish continuation patterns on lower timeframes to scale in. NZDJPY appears primed for a potential upside surge, supported by both fundamentals and technicals, and I’m looking to ride this trend as long as the current momentum holds.
Long
by AndrewsMarket-Mastery
DeGRAM | GOLD moving in the range📊 Technical Analysis ● Rebound has met triple confluence: the H4 rising-wedge apex, the red 3 300-3 350 supply, and the roof of the broader descending channel – the same zone that capped rallies on 7 & 9 May. ● Bearish divergence appears on RSI while the wedge’s base is rising toward 3 284; a 4 h close beneath it should unlock the channel mid-line/blue trend support at 3 172, then the floor near 3 100. 💡 Fundamental Analysis ● US data stay firm – weekly jobless claims held near 227 k and May flash PMIs beat consensus, keeping 2-yr yields parked just under 5 % and the dollar bid. ● World Gold Council notes a fifth straight week of ETF outflows as higher opportunity cost dents investment demand. ✨ Summary Fade strength inside 3 300-3 350; wedge breakdown < 3 284 aims 3 172 → 3 100. Shorts invalidated on a sustained H4 close above 3 350. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDShort
by DeGRAM
1
How to plan for gold price box fluctuations🗞News side: 1. The situation between Russia and Ukraine escalated again 2. Israel in the Gaza Strip was once again criticized by the international community 📈Technical aspects: After gold opened lower today, it fell into a small box-shaped shock in the short term. It seems that the situation in Russia and Ukraine and the Middle East over the weekend did not have further impact on the gold price. The gold daily level closed with a positive line again, injecting new vitality into the trading space last week. These two rounds of rise not only successfully crossed the resistance level of 3250 last Monday, but also further broke through the suppression of 3320, showing a clear upward trend. The current volatility is more like a correction after breaking through the previous high! Last Friday, the price failed to break through the 3370 line several times and encountered resistance continuously, which shows that the pressure from above is still relatively strong! Due to the particularity of today's market trading, the technical side of the hourly chart shows a downward trend. The European session temporarily focuses on the 3350-3355 line resistance, and the 3330-3320 support is seen below. 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. FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
GOLD rises impressively after mid-May declineUS President Trump once again used tariffs and the market's risk-off sentiment suddenly heated up. OANDA:XAUUSD jumped nearly 2% on Friday and the weekly gain reached nearly 5%. OANDA:XAUUSD has grown impressively after a sharp decline in mid-May, taking advantage of safe-haven flows, the recovery was mainly due to growing investor concerns about the sustainability of US government debt. The market will likely continue to react to headlines surrounding the difficult US fiscal situation, trade relations and geopolitics. On Friday local time, US President Trump said on his social media platform "Real Social" that he proposed to impose a 50% tariff on the European Union from June 1. Trump wrote that the main purpose of the establishment of the European Union was to "take advantage of the United States on trade". In addition, on Friday local time, Trump posted on "Real Social" that he had long told Apple CEO Tim Cook that he expected Apple's iPhones sold in the United States to be produced and manufactured in the United States, not in India or anywhere else. Trump said that otherwise, Apple would have to pay at least a 25% tariff to the United States. Assessing the situation surrounding Trump "Trump has been vocal in the past 24 hours, threatening to impose 50% tariffs on the European Union starting June 1, imposing major sanctions on Apple and taking on Harvard University, all of which have weighed on stocks but boosted gold prices. Recurrent tariff concerns, coupled with low liquidity ahead of the long weekend, could exacerbate volatility." Technical Outlook Analysis OANDA:XAUUSD On the daily chart, gold has achieved its initial upside target at $3,371 which is the technical confluence of the 0.236% Fibonacci retracement with the upper edge of the price channel after receiving support from the confluence of the EMA21 with the 0.382% Fibonacci retracement. In the short term, if gold breaks $3,371 it will tend to continue its bullish trend with the next target being $3,400 in the short term, more so than the last $3,435 which is the all-time high of $3,500. As long as gold remains within/above the channel, the overall trend outlook is bullish, and the immediate support is currently around the $3,300 raw price point area with the 0.382% Fibonacci retracement level and EMA21. In case of a sell-off below $3,292, gold could still find short-term support at the $3,250 technical point and the 0.50% Fibonacci retracement level. In terms of momentum, the Relative Strength Index (RSI) is pointing up from around the 50 mark, with the RSI still well above the overbought zone, suggesting room for further upside. Looking ahead, the overall technical outlook for gold is bullish, with key points to watch out for as follows. Support: $3,300 – $3,292 – $3,250 Resistance: $3,371 – $3,400 – $3,435 SELL XAUUSD PRICE 3391 - 3389⚡️ ↠↠ Stop Loss 3395 →Take Profit 1 3383 ↨ →Take Profit 2 3377 BUY XAUUSD PRICE 3299 - 3301⚡️ ↠↠ Stop Loss 3295 →Take Profit 1 3307 ↨ →Take Profit 2 3313
OANDA:XAUUSDLong
by Xayah_trading
Gold Market Analysis – May 26The gold market is showing signs of a modest recovery following the recent decline, but the price action remains cautious and lacks strong momentum. In this morning’s session, gold bounced back from the $3,320–$3,330 support area and is now hovering around $3,347, which aligns with a previously rejected resistance zone. This rebound appears technical rather than a confirmed shift in trend, as trading volume during the upward move is still relatively low, signaling buyer hesitation. The $3,350 level is a critical resistance area. Unless we see a clean breakout above it with strong volume, any attempt to buy here may be premature. However, a confirmed break above $3,350 could open the path toward retesting $3,435 and potentially $3,500 in the medium to long term. On the other hand, failure to hold above the $3,330–$3,320 range, and especially a drop below $3,290, would likely trigger a deeper correction down to the $3,200 support. In terms of strategy, traders looking to go long should avoid chasing current prices and wait for either a confirmed breakout above $3,350 or a pullback to the $3,320–$3,290 zone. Look for signs of bullish continuation such as higher lows and strong candle confirmation. For those considering short positions, keep an eye on the $3,350 area for bearish rejection patterns like pin bars or engulfing candles on the 4H or daily chart, but only act if clear confirmation appears—don’t guess tops. In summary, the market is currently in a pivotal consolidation phase. How price behaves around the $3,350 level will shape the next move. While the longer-term outlook remains bullish, traders should remain patient and disciplined, avoiding impulsive entries until the market provides clear signals. Warm regards,
OANDA:XAUUSD
by Henrybillion