Goldprice
Gold Drops to 3,284 – Short-Term Support at Risk📊 Market Overview
Gold fell sharply this morning to $3,284/oz amid a modest USD rebound and profit-taking pressure following several range-bound sessions. The lack of fresh catalysts also contributed to weaker momentum.
📉 Technical Analysis
• Key Resistance: 3,315 – 3,330
• Nearest Support: 3,280 – 3,275
• EMA 09: Price is currently trading below the EMA 09 on both the H1 and H4 timeframes → short-term bearish signal
• Candle Patterns & Momentum:
– H1 candle shows a bearish engulfing pattern near the 3,305 area → confirms downward pressure
– RSI is below 45, MACD has crossed below its signal line → bearish momentum dominant
– If the 3,275 level is breached, gold could continue to fall toward 3,260
📌 Outlook
Gold is leaning toward further downside unless it can hold above the 3,280 support level during today’s session.
💡 Trade Strategy
🔻 SELL XAU/USD at: 3,295 – 3,398
🎯 TP: 40/80/200 PIPS
❌ SL: 3,305
🔺 BUY XAU/USD at: 3,275 – 3,278
🎯 TP: 40/80/200 PIPS
❌ SL: 3,269
7.9 Latest gold trend analysis and operation layout📰 News information:
1. Federal Reserve meeting minutes
📈 Technical Analysis:
Our decision to close our positions at 3305 yesterday was undoubtedly a very strategic one. After reaching a high of around 3310 last night, it began to fall. At the same time, I also gave VIP members the news that it might fall back to around 3300. Since the opening, the lowest point has reached around 3285. The overall trend is still under our control.
At present, gold will still usher in technical corrections in the short term. The current price of 3293-3290 support can be considered for long positions. If the European session continues to fall below the low, you can try to go short during the NY session. If the European session continues to maintain sideways consolidation, you can consider retreating and going long during the NY session. As long as the key support of 3250 below is held, gold will maintain its consolidation trend in short-term trading. On the contrary, once it falls below 3250, gold may directly touch the 3200 mark. Focus on the minutes of the Federal Reserve meeting, which may further influence the trend of gold.
🎯 Trading Points:
BUY 3293-3290-3285
TP 3305-3310-3320
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
Don’t chase shorts when gold is at a low level, wait for a rebou
From the 4-hour analysis, today's upper short-term resistance focuses on the hourly top and bottom conversion position near 3318-24. The intraday rebound relies on this position to go short once and look down. The lower short-term support focuses on the vicinity of 3280. The overall support relies on the 3280-3325 area to maintain the main tone of high-altitude low-multiple cycles. In the middle position, watch more and move less, and follow orders cautiously, and wait patiently for key points to enter the market.
Gold operation strategy:
Gold 3285-3287 line long, stop loss 3277, target 3315-23 line, break and continue to hold
Data is about to be released. Where will gold go?Yesterday, the market expected a trade agreement between the United States and its trading partners, which boosted risk sentiment, and the strengthening of the US dollar and the rise in US bond yields further added pressure on gold prices. Gold fell 1% during the day and once lost the $3,300 mark during the session.
After gold bottomed out and stabilized at 3,320 on Monday, it fell sharply above 3,320 again on Tuesday and has now completely fallen below 3,320. The position of 3,320 is very important. In the 3,320-50 range, it chose to break down at 3,320 again.
Today, the Federal Open Market Committee of the United States will release the minutes of the June monetary policy meeting. Although Federal Reserve Chairman Powell remained neutral on the June interest rate decision, many Federal Reserve officials released dovish signals. Federal Reserve Board member Bowerman has turned to support the possibility of a rate cut in July.
From a technical point of view, the market has penetrated into the area around the lower support of 3,275-3,295.
The rhythm of the entire market is still a process of oscillating decline. From the perspective of pressure position, the daily MA5 average line has not fallen below, and may fall again to around 3270. Once the market falls too fast and approaches this position, there is a high probability that there will be a rebound demand.
Operation strategy:
Buy near 3375, stop loss at 3365, profit range 3315-3320.
Continue to hold position after breakthrough.
Gold’s Trap Above QML: Bearish Play UnfoldingHello Guys!
Gold appears to be forming a textbook Quasimodo reversal setup after printing a lower high into a key supply zone. Price aggressively tapped into the QML area (around 3,350–3,360), where sellers previously stepped in, and we’re now seeing signs of rejection.
The engulf zone marked earlier confirms bearish intent. It broke structure and flipped momentum. Price is currently retesting below that engulf level, likely as a last attempt to grab liquidity before heading down.
The projected move suggests a drop toward the next significant demand zone around 3,295–3,285, where the price previously found a strong bullish reaction.
Bias: Bearish below QML
Target: 3,295 zone
Invalidation: Above 3,368 (high of supply zone)
Gold (XAU/USD): Playbook in ActionHello guys!
We’ve seen a textbook QML (Quasimodo Level) setup play out beautifully on gold. Price pushed into a key supply zone and formed a QML structure, followed by a clean engulfing of the previous demand. confirming smart money involvement. As expected, the target of that QML has now been hit, tapping into the major demand zone below.
After the deep sweep and reaction from demand, price retraced upward into a potential lower high area. Based on structure and liquidity dynamics, two potential scenarios are in play:
We’re executing a two-step plan here:
Step 1: Short position from the QML + supply area, aiming for the next blue demand zone. Liquidity has been taken above the high, confirming the setup.
If we get a clean reaction near the blue area, that’s our signal to flip long. We expect a pullback toward $3310 area.
XAU/USD 09 July 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
You will note that price has targeted weak internal high on two separate occasions forming a double top which is a bearish reversal pattern. This is in-line with HTF bearish pullback phase.
Remainder of analysis and bias remains the same as analysis dated 23 April 2025.
Price has now printed a bearish CHoCH according to my analysis yesterday.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.
Note:
The Federal Reserve’s sustained dovish stance, coupled with ongoing geopolitical uncertainties, is likely to prolong heightened volatility in the gold market. Given this elevated risk environment, traders should exercise caution and recalibrate risk management strategies to navigate potential price fluctuations effectively.
Additionally, gold pricing remains sensitive to broader macroeconomic developments, including policy decisions under President Trump. Shifts in geopolitical strategy and economic directives could further amplify uncertainty, contributing to market repricing dynamics.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
H4 Timeframe - Price has failed to target weak internal high, therefore, it would not be unrealistic if price printed a bearish iBOS.
The remainder of my analysis shall remain the same as analysis dated 13 June 2025, apart from target price.
As per my analysis dated 22 May 2025 whereby I mentioned price can be seen to be reacting at discount of 50% EQ on H4 timeframe, therefore, it is a viable alternative that price could potentially print a bullish iBOS on M15 timeframe despite internal structure being bearish.
Price has printed a bullish iBOS followed by a bearish CHoCH, which indicates, but does not confirm, bearish pullback phase initiation. I will however continue to monitor, with respect to depth of pullback.
Intraday Expectation:
Price to continue bearish, react at either M15 supply zone, or discount of 50% internal EQ before targeting weak internal high priced at 3,451.375.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance, persistent and escalating geopolitical uncertainties. Traders should implement robust risk management strategies and remain vigilant, as price swings may become more pronounced in this elevated volatility environment.
Additionally, President Trump’s recent tariff announcements are expected to further amplify market turbulence, potentially triggering sharp price fluctuations and whipsaws.
M15 Chart:
(XAU/USD) 3H Chart – Bearish Reversal Setup from Resistance Zon1. Entry Point (Sell):
Marked at 3,335.03
This is a key resistance level where price is expected to reverse downward.
2. Stop Loss:
Placed above at 3,354.88
This acts as a protection level in case the trade goes against the direction.
3. Take Profit Targets (EA Target Points):
TP1 (Downside): 3,245.65
TP2 (Upside - if Stop Loss is hit): 3,455.76 (in case of reversal or long position)
4. Price Action Observation:
Price is currently around 3,320.56, climbing back toward the entry zone.
The red 50-period moving average (EMA) and blue 200-period MA show convergence, often preceding volatility.
---
📉 Bearish Scenario (Main Setup)
Sell Bias is expected from the 3,335 region.
If price respects the resistance zone and breaks down again, the target is 3,245.65, yielding approximately 90-point move.
This is a risk-reward favorable setup, with:
Risk: ~20 points
Reward: ~90 points
RRR ≈ 1:4.5
---
⚠️ Bullish Invalidity (Stop Loss Hit)
If the price breaks and closes above 3,354.88, it invalidates the bearish setup.
Then, the market may shift towards targeting 3,455.76 — about 100 points to the upside.
---
🔧 Technical Factors Supporting the Setup
Supply zone marked by the purple box around the entry.
Trend previously bearish — recent upward move may just be a retracement.
Confluence with MAs: Price is testing MAs — rejection here would add bearish confirmation.
---
✅ Summary of Trade Setup
Element Value
Entry 3,335.03
Stop Loss 3,354.88
Take Profit 3,245.65
Alt Target 3,455.76 (if SL hit)
Risk-Reward ~1:4.5
Bias Bearish (Sell Setup)
Gold fell under pressure, and the watershed is 3321.
⭐️Gold Information:
During the Asian session on Wednesday, gold prices (XAU/USD) continued to be under pressure, falling below the $3,300 mark, hitting the lowest point in more than a week. The decline in gold prices comes as the market generally believes that the Federal Reserve (Fed) will maintain high interest rates for a longer period of time, especially as the market expects that tough U.S. tariffs may exacerbate inflation in the coming months.
Such expectations have pushed up U.S. Treasury yields and stabilized the U.S. dollar (USD) near a two-week high hit on Tuesday - a key resistance for the non-yielding precious metal, which continues to face downward pressure.
⭐️Personal comments:
Gold price fell below support, Dow Jones H1 pattern, gold price fell below 3300
⭐️Set gold price:
🔥Sell gold area: 3344-3446 SL 3351
TP1: $3335
TP2: $3320
TP3: $3302
🔥Buy gold area: $3256-$3254 SL $3249
TP1: $3268
TP2: $3280
TP3: $3298
⭐️Technical analysis:
Set reasonable sell orders based on technical indicators EMA 34, EMA89 and support and resistance areas.
XAU/USD) bearish Trand analysis Read The captionSMC trading point update
Technical analysis of (XAU/USD) on the 3-hour timeframe, projecting further downside after rejection from a resistance zone aligned with a descending trendline.
---
Analysis Summary
Trend Bias: Bearish
Current Price: ~$3,301.96
Structure: Price is respecting a descending channel, with multiple rejections from the upper boundary and key resistance zone.
---
Key Technical Insights
1. Resistance Zone & Downtrend Line:
Price was rejected from a resistance block near the EMA 200 (~$3,331) and descending trendline.
This level has repeatedly triggered strong downside moves (highlighted with red arrows).
2. EMA 200 Reaction:
The EMA 200 at $3,331.10 is acting as dynamic resistance.
Each time price reaches or crosses above this line, selling pressure increases.
3. Bearish Price Projection:
After recent rejection, the chart anticipates a pullback to the support zone between $3,248.26 and $3,245.71.
A deeper drop toward $3,159.13 is projected as a next major target, consistent with previous price moves.
4. RSI Indicator:
RSI at 40.24 suggests bearish momentum is still in play but not yet oversold—indicating room for more downside.
---
Bearish Trade Idea
Element Level / Description
Entry Zone Below resistance: $3,310–$3,320
Target 1 $3,248.26–$3,245.71 (support zone)
Target 2 $3,159.13 (channel base / next support)
Stop-Loss Above $3,335 (above resistance zone)
---
Risk Considerations
Fundamental catalysts: Gold is sensitive to USD strength, interest rate decisions, and macroeconomic data.
Invalidation: A strong breakout and close above the descending trendline and EMA 200 would negate the bearish outlook.
---
Summary
This analysis outlines a bearish setup for XAU/USD, supported by trendline resistance, EMA rejection, and RSI momentum. If current structure holds, a move toward the $3,245 and $3,159 levels is likely.
Please support boost 🚀 this analysis)
Gold shocks and alternating long and short ideas
💡Message Strategy
As we mentioned before, the upper 3345-50 is the suppression position after the non-agricultural data last week. We can short at the 45-50 line when it rebounds. Yesterday, we also gave the idea of going long at the 3295-3301 line. At midnight, gold rebounded perfectly above the 3330 line and closed at the 3336 line.
Today we continue to pay attention to the short-term suppression of the 3345-50 line. If the rebound does not break, we will intervene in the short order. After all, the technical side needs to be adjusted and repaired during the day. We try to grasp the good entry position for operation. If your current gold operation is not ideal, welcome to communicate!
📊Technical aspects
From the 1-hour analysis, the short-term support of 3290-3295 is concerned below, the short-term resistance above is concerned about the 3345-50 line, and the suppression of 3365-70 is focused on. The overall main tone of high-altitude low-multiple cycle participation remains unchanged. In the middle position, watch more and do less, and follow orders cautiously, and maintain the main tone of participation in the trend. Wait patiently for key points to participate. Pay attention to the specific operation strategy in time.
💰Strategy Package
Long Position:3290-3300,SL:3275,Target: 3320-3340
Gold Setup for longs and shorts This video covers gold on the local range whereby I expect price to eventually complete the move to the downside and clear the equal lows from MAy and June as well as take care of the poor lows and fill Quart Pivots .
I talk also about the Tradingview session volume profile chart and how this feature can really be a simple yet powerful guide for taking scalp trades off of specific levels and I show a couple of examples of the respect PA has for hitting those daily POC .
I Welcome any questions you may have
Gold Returns to the $3,300 per Ounce ZoneOver the past two trading sessions, gold has depreciated more than 1.5%, as a consistent bearish bias begins to emerge in price action. For now, selling pressure has remained steady, supported by a temporary decline in global economic uncertainty and a recent rebound in U.S. dollar strength, factors that have led gold’s upward momentum to steadily weaken.
Lateral Range Remains Intact
Recent price action in gold has defined a well-established sideways channel, with resistance near $3,400 and support around $3,200 per ounce. So far, price movement has been insufficient to break out of this range, making it the most relevant technical structure to monitor in the short term. As long as price remains within these boundaries, neutrality may continue to dominate.
Technical Indicators
MACD: The MACD indicator continues to oscillate near the neutral zero line, signaling that momentum from moving averages remains balanced. If this pattern persists, the sideways range could extend further.
RSI: A similar pattern is unfolding with the RSI, which is hovering around the 50 level, indicating a constant balance between buying and selling pressure. Sustained moves at this level could reinforce short-term price neutrality.
Key Levels to Watch:
$3,400 per ounce: This historical high acts as the most significant resistance in the short term. A breakout above this level could trigger a stronger bullish bias and revive the upward trend stalled in recent weeks.
$3,300 per ounce: The current level aligns with the 50-period simple moving average. Price movement around this zone could extend market neutrality.
$3,200 per ounce: A key support level and recent low. A retest of this area could trigger a more decisive bearish bias in the short term.
Written by Julian Pineda, CFA – Market Analyst
Short-term gold bulls and bears are anxious,3330 becomes the keyAt present, the market has been fluctuating narrowly in the range of 3330-3320, and both bulls and bears are in a stalemate. However, gold has formed a double-layer head and shoulders bottom pattern, so the short-term bullish trend is definitely unchanged. In the previous post, I also mentioned that if the rebound in the European session is weak and gold continues to be below 3345, then the short-term NY session may usher in a retracement and a second bottom. Therefore, I still hold a long order of 3325-3315, and temporarily modify the TP to the 3335 line. I expect that there may be a retracement here, but there may also be a direct retracement. No matter what the situation is, we need to stabilize before entering the market.
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
PEPPERSTONE:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD FXOPEN:XAUUSD OANDA:XAUUSD TVC:GOLD
Gold Ranges at $3,330–$3,335 – Ready for the Next Move📊 Market Overview:
Gold is currently trading around $3,330–$3,335/oz, supported by a softer US Dollar and cautious sentiment ahead of key US labor data. According to TradingView, gold is consolidating in a tight range, reflecting market indecision while awaiting a clear breakout signal.
📉 Technical Analysis:
• Key resistance: $3,345–3,350 – a strong supply zone that recently rejected price.
• Nearest support: $3,320–3,330 – multiple bounce points observed here.
• EMA09: Price is hovering around the 09 EMA on both 1h–4h timeframes → neutral/slightly ranging.
• Candlestick / Volume / Momentum:
o A “bearish flag” pattern appears to be forming, suggesting potential for a downside breakout.
o Weak buying volume during upward moves signals limited bullish strength.
📌 Outlook:
• Gold may continue to consolidate between $3,330–$3,345.
• A break above $3,345 with strong volume could open the path to $3,360–$3,380.
• A break below $3,330 could lead to further correction toward $3,300–$3,320.
💡 Suggested Trading Strategy:
SELL XAU/USD at: 3,343 – 3,345
🎯 TP: 40/80/200 pips
❌ SL: 3,355
BUY XAU/USD at: 3,330 – 3,327
🎯 TP: 40/80/200 pips
❌ SL: 3,320
How to solve the problem of order being trapped in a loop📊 Gold Day Trading Strategy (Recommendation index ⭐️⭐️⭐️⭐️⭐️)
📰 News information:
1. The lasting impact of new tariffs
2. The impact of geopolitical conflicts
3. The Fed’s interest rate cut
📈 Technical Analysis:
The recent market conditions have been volatile. Many brothers have reported that they have been trapped recently. They have just been released from short positions, but have fallen into the situation of being trapped by long orders again. I have also encountered such a situation recently. Brothers who follow me must know that I have been trapped, but in the process of being trapped, I still share my trading ideas for the brothers who are trapped to check, so that we can all get out of the trap.
Gold fell as expected and hit the lowest point of 3287 before rebounding. The current 3300-3290 range given at the bottom has certain support. At present, I have answered it. As long as it does not fall below 3285, we can still go long and look for rebound correction. TP can temporarily look at 3305-3310. At present, the short-term upper watershed is near the 3321 line. As time goes by, the medium-term point can be seen at 3345. Only when the price stands above 3345 can the upward momentum continue to touch the 3380 line, or even 3400. In the short term, you can go long if you look at the support below. In the short term, pay attention to the resistance above 3315-3320. If it encounters resistance under pressure, it will fall back. On the contrary, after breaking through the first level of resistance, the upward trend will continue.
🎯 Trading Points:
BUY 3300-3290-3285
TP 3305-3315-3320-3345
SELL 3315-3321
TP 3300-3290
In addition to investment, life also includes poetry, distant places, and Allen. Facing the market is actually facing yourself, correcting your shortcomings, facing your mistakes, and exercising strict self-discipline. I share free trading strategies and analysis ideas every day for reference by brothers. I hope my analysis can help you.
TVC:GOLD OANDA:XAUUSD FXOPEN:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD PEPPERSTONE:XAUUSD
Gold is going down without any signs. Will it continue?Yesterday's seemingly strong rise in gold's safe-haven market may make people mistakenly think that gold is going to rise sharply, but the recent safe-haven market has poor sustainability and poor upward momentum, and cannot maintain the continuation of the upward trend.
Looking at gold in 1 hour, after the price surged, it continued to fall under pressure at 3345. 3345 is also the recent key position for long and short positions. The 1-hour moving average of gold is still in a short position and continues to diverge downward. The short-term short momentum of gold still exists. I think the price will still fall after the rebound. Gold started to fall directly at 3330, and 3330 formed a strong resistance for gold in the short term. The downward low point did not continue after touching 3288. The current price rebounded and fluctuated around 3295. So we can sell high and buy low around 3385-3325.
Gold Price Setup: Bullish Continuation or Rejection? 🧠 Chart Analysis (XAU/USD – 1H):
Key Structure Highlights:
CHoCH (Change of Character) zones marked both up and down indicate a battle between bulls and bears.
Recent bullish CHoCH followed by a fair value gap (FVG) retest suggests potential continuation to the upside.
Price recently bounced strongly from demand zone, shown by the green arrows and strong candle reaction.
Ichimoku Cloud:
Price is trying to break back above the Kumo (cloud), a sign of bullish momentum building.
However, resistance is still present with the Kijun and Tenkan lines converging.
FVG (Fair Value Gap):
The current price is attempting to fill and break above the FVG zone.
A successful breakout above this area confirms bullish intention.
Fibonacci Levels:
Price is hovering around the 0.5 - 0.618 retracement zone, often a strong reversal or continuation point.
Upside targets lie near the 0.786 retracement (3352) and ultimate target at 3391, a major resistance level.
Risk Management:
Trade setup shows an excellent Risk:Reward ratio.
Stop-loss placed just below the last structure low.
Potential downside to 3290–3258 if breakout fails.
🟢 Possible Next Move:
Bullish Scenario: If price clears the FVG and breaks above 3353, expect continuation to 3391.
Bearish Rejection: If rejected at FVG/0.618 level, watch for a drop back to 3290 or even 3259.
GOLD - The One That Survived All Ages - Trading PsychologySummer light reading between trades💫
From Ancient Gods to modern banks — Gold never needed marketing to be priceless.
Gold was never invented.
It was found, worshipped, stolen, buried, and bled for.
Long before charts, before forex pairs, before brokers — it was power.
So if you're wondering why this metal moves the world?
Let’s take it back — way back.
But before we dive into history, here’s why traders are addicted to XAUUSD:
It’s fast. Ruthless. Liquid. It can deliver a week’s profit in one candle — or wipe you out in seconds.
If you understand structure, it will reward you like nothing else.
If you’re lazy, impulsive, or just guessing?
It’ll humble you fast and without mercy.
The Discovery – Gold Before Currency
• Gold was first discovered in Paleolithic caves (~40,000 B.C.), admired purely for its beauty.
• Ancient Egyptians called it “The flesh of the Gods” — Pharaohs were buried with it, because in their mind, you couldn’t enter the afterlife without gold.
• No value was assigned — it simply was value.
Empire Fuel – Gold as the Engine of War
• The Roman Empire used Gold Coins (Aureus) to expand its reach.
• Spain and Portugal built fleets just to steal it from the Americas.
• Entire wars were started and sustained by it — Gold wasn’t a luxury; it was national survival.
Gold & the Banks – Trust in a Metal
• 1816: The UK made Gold its official standard.
• By the early 1900s, most major economies followed — every currency was tied to the physical rulling metal .
• Why? Because you can’t print trust. But you can weigh it.
• Even today, central banks don’t hoard crypto or tech stocks — they hoard Gold, quietly, relentlessly.
Collapse, Rebirth, and Chaos – The Modern Era of Gold
• 1971: U.S. President Nixon kills the gold standard.
➤ Until then, every dollar had to be backed by real gold in U.S. vaults.
➤ After that? Dollars became promises, not assets.
• Welcome to the fiat era — where money has no anchor, just hope.
• Gold, no longer “money,” became something more powerful:
➤ The panic button, the global fallback, the last honest asset when everything else crumbles.
• And crumble it did:
🔹 2008: Banks collapse — Gold soars.
🔹 2020: Global lockdown — It explodes.
🔹 2022–2024: War, inflation, debt ceilings, de-dollarization — Gold reclaims the throne.
When fear wins, this metal doesn’t blink. It rises.
From Ancient Tombs to 2025 – Gold’s Unshakable Throne
• Today, you stare at candlesticks.
You mark order blocks, gaps, and key level zones.
But beneath that technical setup is a story written in blood, empire, and survival.
• Gold has outlived Kings. Outlasted currencies. Outsmarted every attempt to replace it.
You can crash a stock. You can ban a coin.
But you can’t cancel this number 1.
• And now? It’s 2025.
The world is uncertain. Digital assets are volatile.
And Gold is still the most traded, most hoarded, most feared asset on Earth.
• You’re not here by accident. You chose to trade this beast — not because it’s easy, but because you know what it means to master chaos.
So you’re not trading a metal.
You’re trading a legacy, so pay respect.
Every setup is a whisper from history — and every move on Gold is just the past repeating itself…
Only this time, the empire isn’t outside.
It’s YOU.
And your chart is your battlefield. So make an effort and study XAUUSD before trading it.
If this lesson helped you today and brought you more clarity:
Drop a 🚀 and follow us✅ for more published ideas.
XAUUSD Short-Term Correction From the Top ZoneOn the 15-minute chart, XAUUSD showed a strong upward momentum starting below the 3,300 USD mark, reaching a peak near 3,346 USD. This rally was supported by a clear bullish structure and an ascending trendline.
However, once the price hit resistance at the top, selling pressure intensified, pushing the price into a downward correction. A clear pullback zone has formed between 3,346 USD and the support area around 3,318 USD — currently acting as a buy-side liquidity pocket.
Crucially, the price broke below the previous uptrend line and is now being capped by a descending resistance trendline, indicating a short-term bearish bias. Multiple failed attempts to break above the 3,332 – 3,335 USD area confirm that sellers still have the upper hand.
Additionally, the price action within this correction zone hints at a potential distribution pattern. Without strong buying interest to reclaim the 3,335 USD level, further downside remains possible.
Suggested Trading Strategy:
In the short term, traders may consider a “Sell on Rally” approach if price continues to fail at the 3,332 – 3,335 USD resistance zone.
Conversely, if a clear breakout occurs above the descending trendline and especially above the 3,336 – 3,338 USD area, the bullish trend may resume.
Conclusion:
XAUUSD is undergoing a technical pullback after a sharp rise. The market is currently in a tug-of-war between profit-taking pressure and recovery attempts. How price reacts at the current resistance will determine the next key move.
EURUSD Setup Scenario A – Bearish Continuation:
🔻 Sell near 1.17300–1.17340 (Resistance Zone)
🎯 Target: 1.17200 or lower
📉 Stop Loss: Above 1.17350
Scenario B – Bullish Breakout:
🔼 Buy if price breaks above 1.17350 with volume
🎯 Target: Next resistance zone (e.g., 1.17450 or more)
📉 Stop Loss: Below 1.17280
🧠 Summary:
Market is consolidating after a drop.
Watching for breakout above resistance or breakdown below support for next move.
Currently, the bias is slightly bearish, but breakout scenarios must be monitored.