Gold
XAU/USD) Bullish trand Read The captionSMC trading point update
Technical analysis of Gold (XAU/USD) on the 1-hour timeframe, highlighting a breakout from consolidation supported by key levels and trend structure. Here’s the detailed analysis:
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Technical Breakdown
1. Key Support Zone
Price has formed a strong base around 3,315–3,325, with multiple bullish rejections (green arrows).
This zone has acted as a demand level, reinforcing bullish structure.
2. Ascending Trendline Support
An uptrend line supports higher lows, showing momentum building to the upside.
3. EMA 200
Price is now challenging the 200 EMA (3,353.41) — a key dynamic resistance.
A successful breakout and retest above this EMA will likely fuel continued bullish movement.
4. Breakout & Measured Move Projections
The chart indicates a bullish breakout from a consolidation box (yellow zone).
Measured move targets based on the previous rally:
First target: 3,368.86 (1.17%)
Second target: 3,381.55 (1.75%)
5. RSI Confirmation
RSI (14) is around 57, showing bullish momentum but still below overbought—supporting further upside potential.
Mr SMC Trading point
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Conclusion / Idea Summary
Bias: Bullish
Entry Zone: On pullback into 3,330–3,340 range or breakout retest above EMA 200
Targets:
3,368.86
3,381.55
Invalidation: Sustained close below 3,320 and break of the uptrend line
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GOLD H4 Accumulation Fractal Target is 4 000 USD 🏆 Gold Market Mid-Term Update
📉 Gold Pullback: XAU/USD drifted below $3,350, falling to around $3,325–$3,330 amid easing Middle East tensions and a firmer U.S. dollar.
🤝 Ceasefire Effect: De-escalation in Israel-Iran hostilities reduced safe-haven demand, capping gold’s upside.
💵 Fed & USD Dynamics: Fed Chair Powell reaffirmed that policymakers aren’t in a rush to cut rates. A softer dollar provided some support, but intraday USD strength weighed on gold.
📊 Technical Watch: Gold remains in a bearish short-term structure below the 200-period SMA. Resistance lies near $3,368–$3,370; support cluster begins around $3,300, with potential slide to $3,245–$3,200 if broken.
🔮 Forecast Updates:
• Citi Research flagged that gold may have peaked and could undergo further softening in Q3-2025.
• WSJ notes gold posting weekly gains, with futures steadying at $3,339/oz.
• Another WSJ report suggests potential for new highs later this year—forecasting an average of $3,210/oz in 2025, a 35% increase.
⚠️ Market Split: Opinions are fragmented—Wall Street sees mixed short-term direction, while Main Street maintains a bullish stance ahead of key U.S. data (GDP, PCE, jobless claims).
🏠 Central Bank Demand: Sustained demand from central banks reinforces gold’s structural support.
🔮 Live Price Snapshot: Futures are up ~0.2%, trading at $3,339.20/oz today.
📊 Technical Outlook Update
🏆 Bull Market Overview
▪️ A pullback is currently unfolding
▪️ Heavy resistance seen at $3,500
▪️ Possible re-accumulation underway
▪️ Scenario mirrors summer 2024
▪️ Accumulation before breakout
▪️ Downside protected around $3,150
▪️ Short-term range trading in progress
▪️ Bulls maintain strategic upper hand
⭐️ Recommended Strategy
▪️ Buy dips within the range
▪️ Look for entries near $3,150 S/R zone
▪️ Long-term bullish target of $4K remains intact
GOLD - Price can continue to move down in falling channelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some days ago price bounced from support level and started to grow to $3400 level, making a small correction before.
When it reached this level, price entered to wedge, where it made a correction and then started to grow.
In a short time, price exited from wedge and soon broke $3400 level, but then it started to decline in a falling channel.
In falling channel, Gold broke $3400 level one more time and in a short time declined to $3305 support level.
After this movement, Gold turned around and started to move up to resistance line of channel.
I expect that Gold can reach resistance line of channel and then start to decline to $3295 support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
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Gold Price ActionHello Traders,
There’s a potential Buy/Sell opportunity here based on the current price action. I’ve marked trendlines on two different timeframes, which highlight key Support and Resistance levels.
I've shared more detailed analysis on my channel, so feel free to check that out for deeper insights.
When the price reacts (rejects) from these support or resistance zones, we can look to confirm our entry by analyzing volume—this helps us avoid false signals.
For trade management, consider using a Risk-Reward ratio between 1:2 and 1:5, depending on your personal trading style. Most importantly, avoid trading blindly—always wait for confirmation.
Wishing you all the best and happy trading!
Thank you!
XAUUSD Possible Move 26.05.2025Gold is currently respecting an ascending channel, showing consistent higher highs and higher lows. Price is now testing the upper boundary of this channel and approaching a key supply zone (3353–3357), which previously triggered a strong sell-off.
Key Zones:
🔼 Sell Zone: 3353–3357 (confluence of supply + channel resistance)
🔽 Buy Zone: 3325–3329 (demand zone + channel support)
✅ Trade Ideas:
📍Buy Setup
Entry: 3325–3329
SL: Below 3310
TP: 3350–3355
📍Sell Setup
Entry: 3353–3357
SL: Above 3367
TP: 3330–3325
🔔 Important Note:
⚠️ Today's U.S. Jobless Claims data is critical. Expect volatility and possible breakout/fakeout scenarios around the time of release. Trade only on confirmation.
Hanzo | 30-Min Setup / incoming 300 Pip After Break Out Time Frame: 30 -Minute Warfare
Entry Mode: Only after verified Break out
🩸Bullish Break : 3338 : 3342.5
Price must break liquidity with high volume to confirm the move.
➕ Hanzo Protocol: Dual- Entry Intel
Zone Activated: Deep Analysis ( 3338 ) Point
why we did chose it ?
Solid Key level
➗1st Wick Touch (11 Jun /2025)
➗2nd Wick Touch (12 Jun /2025)
➗3rd Wick Touch (24 Jun /2025)
Deep Analysis ( 3338 ) Point
why we did chose it ?
➗1st Wick Touch (11 Jun /2025)
➗2nd Wick Touch (11 Jun /2025)
➗3rd Wick Touch (11 Jun /2025)
➗4th x2 Wick Touch (20 Jun /2025)
➗5th x2 Wick Touch (24 Jun /2025)
🔖That means we created a Solid Zone (3338 : 3342) of Breakout on the 30-min Chart -
Price must break liquidity with a clear 30-min candle to confirm the move.
Hanzo Drex | 15-Min Bearish Reversal Setup – 300 Pips in Sight🔥 Gold – 15 Min Scalping Analysis
⚡️ Objective: Precision Reversal Execution
Time Frame: 15 -Minute Warfare
Entry Mode: Only after verified Reversals
👌Bearish Reversal : 3346
Price must break liquidity with high volume to confirm the move.
☄️ Hanzo Protocol: Dual-Direction Entry Intel
➕ Zone Activated: Strategic liquidity layer detected — mapped through refined supply/demand mechanics. Volatility now rising. This isn’t noise — this is bait for the untrained. We're not them.
🦸♂️ Tactical Note:
The kill shot only comes after the trap is exposed and volume betrays their position.
5
Potential bullish rise?The Gold (XAU/USD) is reacting off the pivot and could rise to the 1st resistance.
Pivot: 3,334.86
1st Support: 3,315.22
1st Resistance: 3,356.66
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.
GOLD (XAUUSD): Updated Support & Resistance Analysis
Here is my latest support and resistance analysis for Gold.
Horizontal Structures
Support 1: 3294 - 3312 area
Support 2: 3231 - 3287 area
Support 3: 3121 - 3176 area
Resistance 1: 3338 - 3368 area
Resistance 2: 3441 - 3451 area
Resistance 3: 3493 - 3500 area
Vertical Structures
Vertical Support 1: Falling trend line
Consider these structures for pullback/breakout trading.
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XAU/USD – Smart Money Building Toward $3360? |26 June 2025Gold (XAU/USD) is pushing into fresh highs around $3337, and we may be approaching a key inflection point. But beneath the surface of candles and wicks lies the real story — one written by liquidity, displacement, and smart money positioning.
This outlook breaks down gold’s price action using Smart Money Concepts (SMC), price structure, and Fibonacci confluence, to help identify the most probable high-value trade zones for both swing and intraday traders.
4H Outlook – Institutional Flow & Structure
Market Structure
Gold recently broke above the $3310–$3320 resistance, confirming a bullish Break of Structure (BOS). This keeps the market in a sequence of higher highs and higher lows, validating continued bullish pressure.
Smart Money Insights
BOS: Clean break above $3320 signals strength.
CHoCH: None yet — trend remains bullish.
Liquidity Sweep: Sell stops below $3295 have already been taken.
Buy-Side Liquidity: Sits above $3350 — price may gravitate there next.
FVG: Unfilled Fair Value Gap between $3314–$3322 — possible retracement zone.
Bullish OB: Identified between $3300–$3310, aligned with FVG and BOS level.
Equilibrium: Using $3275 (swing low) and $3342 (swing high), the midpoint sits near $3308, acting as fair re-entry value.
Key Zones
Buy Zone (Demand): $3295–$3310 — OB + FVG + Fib confluence.
Sell Zone (Supply): $3350–$3360 — next likely liquidity target.
Bias Summary
As long as price remains above $3295, the bullish structure stays valid. Watch for a retracement into $3308–$3316 for potential continuation toward $3350–$3360. Price may briefly dip below $3310 to trigger liquidity before moving higher.
1H View – Precision Entries
Structure
Following the high at $3342, price has pulled back slightly and is forming what appears to be a bullish flag — often a continuation pattern.
Smart Money Zones (1H)
FVG: $3315–$3322 — potential short-term reaction zone.
Order Block: $3305–$3312 — 1H bullish OB aligned with 4H bias.
Sell-side Liquidity: Swept at $3295 earlier this week — supports continuation.
Trade Setups
Long Setup #1 – Optimal Entry
Entry: $3308–$3315
Stop: Below $3295
TP: $3342 (partial), $3350–$3360 (full)
Why: Strong zone combining FVG, OB, and Fib support.
Long Setup #2 – Aggressive Entry
Entry: $3316–$3320
Stop: $3300
TP: $3340–$3350
Why: Quicker entry inside the imbalance — riskier but valid.
Short Setup – Countertrend (Low Conviction)
Only valid on a clear break below $3310 + CHoCH
Entry: Below $3310 (confirmed)
Target: $3295
Note: Lower confidence unless 1H structure turns bearish.
Final Notes
The bias remains bullish above $3301–$3308. This is a high-probability area to look for long setups on retracement. Avoid shorts unless we see a confirmed structural shift with a CHoCH and OB breakdown.
Expect the market to potentially hunt stops below $3310, then aim for liquidity sitting above $3350–$3360.
GOLD recovers from around $3,300 area, short-term targetsOANDA:XAUUSD has recovered slightly and is currently trading around $3,332/oz, supported by a decline in the US dollar and US bond yields. The market is closely watching the fragile ceasefire between Israel and Iran.
The US Dollar Index TVC:DXY is near a one-week low, making dollar-priced gold more attractive to holders of other currencies. The benchmark 10-year US Treasury yield is holding near its lowest in more than a month.
As the conflict between Israel and Iran ends, geopolitical risk levels have disappeared, safe-haven funds have flowed back and thus gold is under pressure.
From a more macro perspective, gold remains in an uptrend and real yields are expected to fall further amid continued Fed easing. In the short term, if the market reprices rate cut expectations to become hawkish, this could trigger a technical correction in gold.
Economic data in the coming months will be particularly important for the gold market. If inflation data remains weak or the labor market deteriorates further, Fed officials could cut rates sooner or more significantly than expected.
A ceasefire between Iran and Israel brokered by U.S. President Donald Trump appeared to have taken effect on Wednesday, a day after both countries signaled a temporary end to their conflicting air strikes.
WASHINGTON (Reuters) - U.S. consumer confidence unexpectedly fell in June, reflecting growing concerns among households about job prospects and another sign of a weakening labor market amid uncertainty over Trump’s tariffs.
Federal Reserve Chairman Jerome Powell told Congress on Tuesday that higher tariffs could start to push up inflation this summer, a key period when the Fed considers whether to cut interest rates.
Traders of federal funds futures are currently pricing in a cumulative 60 basis points of rate cuts through 2025, with the first cut likely to come in September.
Technical Outlook Analysis OANDA:XAUUSD
Gold has recovered slightly after testing the important support area noted by readers in yesterday's edition, around the raw price point of $3,300. However, the temporary recovery is being limited by the EMA21 moving average, followed by the 0.236% Fibonacci retracement level, which can also be considered as upside targets for the time being.
In terms of overall structure, gold is still in an uptrend with the price channel as the main trend. On the other hand, RSI is also hovering around 50, indicating that the market sentiment is still hesitant and does not have enough momentum for a complete trend.
Intraday, gold still has a bullish technical outlook, but a sell-off that takes gold below the 0.382% Fibonacci retracement level would be a bearish signal in the near term. Therefore, long positions should be opened near the $3,300 area, with protective levels behind the 0.382% Fibonacci retracement.
Notable positions will also be listed as follows.
Support: $3,320 – $3,300 – $3,292
Resistance: $3,350 – $3,371
SELL XAUUSD PRICE 3367 - 3365⚡️
↠↠ Stop Loss 3371
→Take Profit 1 3359
↨
→Take Profit 2 3353
BUY XAUUSD PRICE 3301 - 3303⚡️
↠↠ Stop Loss 3297
→Take Profit 1 3309
↨
→Take Profit 2 3315
[XAUUSD] GOLD – Bullish Setup in Play🟡 *Key Context*
- Geopolitical calm (Trump ceasefire remarks) lowered risk aversion, pushing Gold down — but key support is holding.
- Fed uncertainty continues, yet technicals point to a possible reversal.
📉 *Price Structure*
- Price dropped into a falling wedge, testing 3285–3295 (H4 demand zone).
- RSI bullish divergence + harmonic ABCD pattern seen on 30m.
📌 *Trade Setup – Long Bias*
🔹Entry: 3285–3295 zone (watch for bullish candle confirmation)
🔹Stop Loss: Below 3280 (structure invalidation)
🔹Target 1: 3320–3330
🔹Target 2: 3390 (longer-term move)
⚠️ Volume confirmation is key — wait for breakout strength. Avoid entries during news events. Risk must be managed tightly.
#XAUUSD #Gold #TradingSignal #TeconLab #BuyTheDip
Trading Strategy (XAUUSD) – June 25, 2025 After a sharp decline in the previous session, XAUUSD has shown a mild recovery and is currently trading around 3,332 USD. However, price action suggests this could merely be a pullback within a broader downtrend, as gold has yet to break above the key resistance zone.
Technical Analysis
Price Action
Gold has bounced from the support zone between 3,291 – 3,317 USD, which has historically acted as a strong demand area. This zone also aligns with the Fibonacci 0.382 retracement from the previous bullish leg.
However, XAUUSD remains below the key resistance zone at 3,373 – 3,392 USD, which is a confluence of:
- The Fibonacci 0.618 retracement from the most recent downtrend
- A historical supply zone that has been rejected multiple times
- The upper boundary of the sideways range formed since May
- If price fails to break through this zone in the coming sessions, the risk of continued downside remains high.
RSI Indicator
- The RSI (14) is currently hovering around the neutral zone (49–54), indicating that the rebound lacks the strength needed to confirm a trend reversal.
- The RSI has not crossed above the 55 threshold, suggesting the dominant trend is still bearish.
Key Technical Levels to Watch
Resistance:
- 3,373 – 3,392 USD: Confluent resistance zone (Fibonacci 0.618 + prior supply zone)
- 3,435 – 3,452 USD: Major swing high, a key medium-term reference level
Support:
- 3,291 – 3,317 USD: Immediate support zone, still holding strong
- 3,250 – 3,224 USD: Potential downside target if the bearish momentum resumes
Suggested Trade Setups
Scenario 1 – Buy if price holds above 3,291 and shows confirmation signals
Entry: 3,295 – 3,300 USD
Stop-loss: Below 3,289 USD
Take-profit: 3,340 – 3,355 – 3,370 USD
Conditions: Must show clear bullish reversal patterns (Pin Bar, Bullish Engulfing) on H1 or H4 timeframe
Scenario 2 – Sell if price rejects from resistance zone with confirmation candle
Entry: 3,370 – 3,375 USD
Stop-loss: Above 3,392 USD
Take-profit: 3,330 – 3,310 – 3,290 USD
Conditions: Clear bearish rejection candle + declining volume
Note: XAUUSD is currently in a technical rebound phase after a strong drop but lacks solid reversal confirmation. Traders should closely monitor the price reaction near the 3,373 – 3,392 USD resistance zone over the next sessions. This area will determine whether the downtrend will resume or a reversal begins.
Stay tuned for more daily trading strategies, and make sure to save this analysis if you find it helpful for your trading plan.
Strategy analysis by @Henrybillion
XAU/USD - Channel Breakout (26.06.2025)The XAU/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 3385
2nd Resistance – 3410
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Gold now pushing bullish for new LevelsWaited for this Move all day yesterday and it didnt start till London session. Oh well happens some time! Looking for the Weekly Low level to be broken so we can continue the bullish activity.
Gold Peaked, Deep Analysis: MACD & RSI, Targets: $3,131 & $2,904Gold (XAUUSD) already peaked. The 22 Apr session was a clear top signal. A very strong one at that. The chart is showing a lower (red arrows) and overall distribution channel. Trading volume continues to drop. Bearish volume is predominant.
Gold produced a strong rally, it lasted 159 days. Total growth amounts to +39% from bottom to top, starting November 2024, end April 2025.
It's been 64 days since the all-time high. No new highs, no bullish momentum. Geopolitical factors that would push Gold to new all-time highs, a war, did show up recently, a surprise event and yet Gold's price failed to move higher. This is a warning signal.
The RSI is weak now. Gold is trading very high, a very strong price but with a risk RSI. This is another warning signal, a strong one. Bullish would be the contrary, low price with a strong RSI. A weak RSI at this point can be interpreted as the bullish force being exhausted.
The daily MACD is pretty bad. Trending fully down with no possibility of anything bullish. Here is the chart.
This is a friendly reminder. Switch to Crypto.
You've been warned.
Namaste.
XAUUSD – Sniper Entry Plan June 26, 2025👋 Hello traders,
Gold is currently consolidating after recent downside liquidity sweeps, and Thursday brings high-impact USD catalysts. Let’s break it down and build a precise plan for sniper entries around these volatile zones. We’re trading structure, not noise — eyes on the prize. 🎯
🔸 HTF Outlook (D1 → H4 → H1)
🌐 Macro & Geopolitical Context
Markets are bracing for:
USD Unemployment Claims (Forecast: 244K, previous: 245K)
Final GDP q/q and Durable Goods Orders
Fed speakers (Barkin, Barr, Harker)
Stronger-than-expected data could reinforce USD bullish sentiment, sending gold down. Weaker reports + dovish Fed = bullish pressure on gold.
🗺️ Daily Bias: Neutral to Bullish
Price is ranging above a key CHoCH low + Daily OB (3272–3288)
Strong bullish continuation only confirmed with a break above 3370–3384
FIBO: 50% retracement of the last swing is near 3310, giving structure to Buy Zone 1
Bias: Bullish as long as 3272 holds — PA supports HL structure above imbalance
🕓 H4 Bias: Bearish Pullback
CHoCH at 3384 → clean Lower High + price failed to close above premium FVG
Pullback testing EMA 50/100 + FVG at 3345
FIBO extension zone at 161.8% aligns near 3288 = reactive downside target
Bias: Reactive bearish under 3352. If 3370 breaks cleanly → short invalid.
🕐 H1 Bias: Bullish Short-Term
CHoCH → HL printed at 3310 → higher lows forming toward supply
EMA 21/50 crossed to the upside, RSI mid-range (50–60)
PA structure showing ascending triangle under resistance
Bias: Bullish continuation valid toward 3352–3370, unless breakdown under 3308
🔸 LTF Precision (M30 → M15)
🔹 Sell Zone 1 – 3352–3345
H1 OB + M15 FVG + upper range sweep
RSI expected to peak near 70 → potential divergence
FIBO: 78.6% retracement of previous bearish leg
PA: Watch for M15 liquidity sweep + bearish engulfing
🔸 Entry: Wait for break/retest → confirmation on M5–M15 BOS
🔹 Sell Zone 2 – 3370–3384
HTF premium imbalance zone + weak high above
RSI likely in exhaustion zone
FIBO extension 1.272–1.618 completes inside this supply
PA: Only enter after stop hunt wick + clear CHoCH (M5)
🔸 Entry: Reactive fade after liquidity trap
🔸 Buy Zone 1 – 3308–3313
H1 CHoCH + OB + EQ zone
RSI bounce zone (30–40)
FIBO 50–61.8% retracement of bullish swing
PA: Watch for M15 bullish engulfing or double bottom formation
🔸 Entry: Only on structure break + retest confirmation
🔸 Buy Zone 2 – 3288–3272
Daily OB + HTF FVG + massive imbalance
RSI expected to overshoot under 30
FIBO: 1.618 extension from previous M15 bullish leg
PA: High-RR reversal zone if flushed by NY open
🔸 Entry: Enter only after M5 CHoCH or strong engulfing near the OB
⚖️ Decision Zone – 3333–3336
Previous supply turned EQ zone
PA shows indecision — do not enter here
Useful for monitoring if price holds support or rejects
🔸 Trade Scenarios
🟢 Bullish Scenario
If USD data is weak:
Flush to 3308 or 3288
Confirm HL formation → sniper buy from OB → aim 3345+, possibly 3370 sweep
🔴 Bearish Scenario
If USD prints strong:
Price spikes into 3352 or 3370 zones → rejection + BOS
Sniper short entry → targets 3310 → 3288
🔸 Final Plan & Action Points
✅ Patience is key during news. Let structure confirm.
✅ Track price behavior near 14:30 CEST, avoid instant spikes.
✅ Best sniper RR zones:
🔹 Sell from 3352 or 3370
🔸 Buy from 3308 or 3288
📊 Precision matters. Structure wins.
👍 Like this if it helped you map the move, and 🔔 follow for tomorrow’s sniper entry.
— GoldFxMinds
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
USD under pressure ahead of PCE—gold holds $3,300The euro has reached its highest level since October 2021, driven in part by commitments from European leaders to increase NATO defence spending.
The swing factor for the euro dollar in the shorter term is the possibility of US rate cuts. Critical for this will be US inflation data, starting with tomorrow's PCE report. If tariffs fail to significantly lift inflation, the case for a July rate cut strengthens—adding further pressure on the dollar.
That weakness is also supporting gold. XAUUSD is above $3,300. Recent price action has formed a potential symmetrical triangle on the daily chart—a structure that can precede a breakout. A move above $3,400 could signal renewed bullish momentum.
BULLS HOLDING KEY PIVOT 〉ATH AROUND THE CORNER As illustrated, Im trying to visualize what a potential bull run could look like starting from what seems to be a "bullish signature" move by gold: a diagonal double bottom.
Don't believe me; go back in time and study how gold makes bottoms and how new bull runs start. The fact that it was NY that manipulated BOTH times and got the best price, is a strong footprint that MIGHT just indicate a potential bottom (at least of this current bearish correction.
I won't say "this is it" and ATH are next FROM this potential rebound; HOWEVER, it could indicate at least the next 10 to 24 hours of potential bullish impulse to retest a degree of the bearish drop since Sunday's weekly open.
Hammer candle from Tuesday's NY session low + today's 4H bullish engulfing, are also powerful components that show bullish strength indicating 3300 to be a major support area.
I'm expecting (BUT NOT ADVISING) Asia to break aggressively to the upside confirming that this could have been this current correction's bottom, and/or at least this week's low.
Should Thursday close above Tuesday's high or consolidating near it, also shows signs of bullish strength and opens the door for Friday to make a second bullish impulse move.
This would reflect on the Weekly candle leaving a long rejection wick and closing (potentially) back above 3350 - 3360.
Should this be the case, the following week would have the road paved to lift off price to retest previous 4H highs of 3440 - 3450 range.
...
July is a bullish month historically. Don't believe me; search "seasonality tool, gold" and see it for yourself.
It is a matter of weeks for Gold to breakout of this wide accumulation phase it has been since end of April, and start a fresh and brand new bull run that could/should last until the end of the year.
-
GOOD LUCK
Persa
BTC continues to short at high levels during the day📰 Impact of news:
1. Geopolitical impact
📈 Market analysis:
BTC has reached an intraday high of 108,125, just one step away from the all-time high of 112,000. With the increase in trading volume and institutional sentiment turning bullish, the momentum seems to be in the bulls' favor. In addition to institutional buying, the ceasefire agreement in the Iran-Israel war is also an important factor in Bitcoin's sharp rebound. Trump's announcement of the end of the war almost immediately triggered a surge in the cryptocurrency market. However, the overall pattern has not changed, and the range resistance has not been broken, so we still keep the idea of shorting at high levels.
🏅 Trading strategies:
SELL 108000-107500
TP 104500-103500
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.
XAUUSD: Trend changed to bearish. Significant downside potentialGold turned neutral again on its 1D technical outlook (RSI = 49.253, MACD = 18.142, ADX = 16.679) as it crossed below both the 4H MA200 and 1D MA50. The two form a Bearish Cross. Technically a Channel Down has emerged, no different than those that emerged after rejections on the R1 Zone (like now). As long as the 4H MA50 acts as a Resistance and holds, we will be bearish, aiming at the S1 level (TP = 3,245).
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