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GOLD Technical Analysis - Deeper Pullback in PlayOANDA:XAUUSD remains within a broader ascending channel, but recent price action suggests that the market is undergoing a deeper corrective phase. Following a prolonged bullish rally, price appears overextended and is now pulling back more decisively. This correction aligns with expectations for a healthy retracement after such strong upward momentum. I anticipate that the pullback will extend further toward the $3,160 level, a key technical level defined by the confluence of horizontal support, ascending trendline support, and the 0.618 Fibonacci retracement of the latest bullish impulse. This zone will be critical for determining whether the broader bullish structure remains intact. If price holds at this level and shows signs of reversal, it may present a strong re-entry opportunity for buyers. However, a decisive break below this zone would invalidate the current bullish structure and open the door to a deeper correction. Always confirm your setups and trade with a proper risk management. Best of luck!
OANDA:XAUUSDShort
by TrendDiva
95
GOLD Potential ReversalIt appears that we've reached a significant top in the market, with price action showing signs of a potential dump. Liquidity has been taken out at this level, and we are now looking at lower price targets, which align with the lines below, marking new liquidity points. These areas could serve as key support levels as the market tests them for further reaction. The price structure suggests a possible drop to the target zones around 3,300 / 3,200 & 2970 where we could see renewed buying interest. Stay cautious as we approach these levels, as they may present opportunities for short entries ahead of the market correction. Keep an eye on the evolving price action for further confirmations.
COMEX:GC1!Short
by SerenityEquity
1
Gold (XAU/USD) - Bullish Reversal Pattern in Play Hello guys! Let's analyze Gold! Gold has recently broken out of a descending wedge pattern, a classic bullish reversal signal, with confirmation coming from a clear bullish divergence near the $3,200 zone. After reaching the target of the descending pattern, the price rebounded sharply and is now forming an ascending channel. Currently, the price is approaching a key resistance zone around $3,280–$3,290. If bulls manage to push through this level, we could see a rally toward the next major resistance around $3,320 and beyond. 🔍 Key Points: ✅ Descending wedge breakout confirmed ✅ Bullish divergence near the bottom signals a momentum shift ✅ Price respecting ascending channel structure 📈target of long position: $3,290–$3,320 📉 target of short position and the entry for long: $3,240 zone Outlook: Bullish bias remains valid as long as the price is above the $3,240–$3,250 support area. Watch for a breakout above resistance for further upside continuation.
OANDA:XAUUSD
by melikatrader94
15
GOLD - Is this the end of the Bull Run?Gold has once again followed my previous analysis — turning bearish right at key levels! 🚩 After an incredible bull run where price kept making new highs, signs are now pointing to a possible top. We could be entering a short-term bearish phase here, with potential for a deeper correction if momentum builds. Right now, I’m holding a bearish bias. I’ll be watching for solid sell setups, especially around those well-defined resistance zones. There’s also an unfilled gap below that could attract price action — keep an eye on that level (chart shows the zone clearly 🔎). I’ll be looking for confirmation through structure breaks and clean retests before entering shorts. What’s your take — are we seeing a reversal brewing, or is this just a dip before the next leg up? Drop your thoughts below! If this analysis helps, a boost or follow would mean a lot — and keeps you in the loop for the next moves! 🚀
FOREXCOM:XAUUSDShort
by omz_zz
1
Gold XAUUSD Possible Move 01-02 May 2025📉 Gold Technical Outlook Gold has decisively broken a key support zone between $3,268–$3,274, now trading near the $3,210-20 level. This move comes amid a clear downtrend structure, with price action respecting a well-defined descending trendline. 🔍 Current Technical Context: Trend: Bearish Support Turned Resistance: $3,268–$3,274 Immediate Support: $3,210–$3,220 Resistance: Trendline and previous support zone near $3,270 A retest of the broken support zone could offer a high-risk, high-reward shorting opportunity, especially if price fails to reclaim it. However, a clean break below the $3,210–$3,220 support could trigger another aggressive selloff, with downside targets potentially extending below $3,160. 📊 Key Drivers (Geopolitical/Fundamentals) US Dollar Strength: The USD remains firm despite mixed economic data, applying pressure on gold prices. Geopolitical Easing: Reduced US-China tensions are weighing on safe-haven flows, as US approaches China for talks on tariffs. Russia-Ukarine: Russia declaring cease-fire for a week. Technical Pullback: Gold is correcting after a strong rejection from the $3,500 zone. Profit-Taking: Recent rejection led to bearish closes as traders locked in gains. Liquidity Considerations: With May 1 being a public holiday in many regions, lower liquidity could amplify volatility. Event Risk Ahead: Caution prevails ahead of key macro events including Non-Farm Payrolls (NFP) and the FOMC statement. 📝 Strategy Notes: Sell-on-Rally Zone: $3,268–$3,274 (if price retests and rejects) Bearish Continuation Trigger: Break and close below $3,210 Invalidation for Bears: Sustained reclaim of $3,274 and a break above the trendline Stay nimble and monitor for reactions around the highlighted zones as event-driven volatility can cause swift moves.
OANDA:XAUUSDShort
by QuinnReed_Charts
Gold Possible SellsOANDA:XAUUSD My sentiments on gold for today. 1. Last buyer haven, prior to recent one This is the last place prior to the level gold is sitting on top currently (4.(black)) where buyers would have been really and truly comfortable buying which means we know there could likely be stop losses even below here. 2. Bearish momentum/bearish channel At this time gold has been bearish for about 7 days and if its one thing you know I believe in is momentum, adhere to whatever the momentum is doing - in this case its selling (bearish) so it is likely IMO to continue to do so - this is further supporting by the elements of my analysis. 3. Buyers stoplosses The area highlighted in red shows suggested buyers stop losses below the currently obvious buyer havem (4. black) which means this is likely where the market will try to attack to capture that trapped liquidity. Something to think about, if gold had the liquidity to buy, it would. Let this guide you in terms of what you allow yourself to see next. 4. Current Obvious buyer haven Pay attention to the level I've drawn to show where buyers would be heavily induced to buy at this time, this looks like a gold mine for buys (pun intended lol). Something you'd learn in this space, if it feels to good to be true, it probably is. 5. Possible move This is what I think is likely to occur, gold will crash below the current obvious buyer haven taking out all previous buyer stops, capturing all that liquidity along the way even attacking the last buyer haven. Then and only then can gold resume it's bullish activities because now it would have enough liquidity to do what it wants. What are your thoughts?
OANDA:XAUUSDShort
by Brandon_evo4
Gold Market Outlook - Gold BearishGold is currently in a consolidation phase, trading within a range of $3,280 to $3,360. We are closely monitoring for a breakout in either direction. Based on current technical analysis, there is a higher probability of a downside breakout below the support level of $3,280. If this support is breached, we may see the following downside targets: Target 1: $3,270 Target 2: $3,260 Target 3: $3,250 Target 4: $3,240 Traders are advised to plan their positions accordingly, keeping risk management in focus.
OANDA:XAUUSDShort
by shroffakshar
Gold is trapped in the 3260-3370 box shock! 🌐 Driving factors US President Trump will be in office for 100 days in his second term. On April 27, local time, a new poll jointly conducted by ABC, The Washington Post and Ipsos Group showed that Trump's approval rating for the first 100 days in office was 39%, which was 6 percentage points lower than in February this year, and set the lowest approval rating for the first 100 days in office of all US presidents in the past 80 years. The results of the Russian-Ukrainian negotiations are not optimistic, and the geopolitical situation is tense. 📊 Commentary analysis The recent gold fluctuations are really violent and very fast. If you hesitate a little, you will basically miss the market. If you are too anxious, you will easily hit the stop loss. Now the fluctuations in a few hours are higher than the amplitude of the past month. The stop loss of 3-5 US dollars can be easily swept. The market is changing, and the corresponding stop loss should also be enlarged. 🔷 Technical side: For the current gold, the 1-hour chart card fluctuates widely between 3260-3370, and is currently at 3290 US dollars. ✔Operational suggestions, keep short-term trading: Bearish strategy: If the gold price rebounds to the range of 3350-3360 US dollars, you can try to short, with a target of 3290 US dollars and a stop loss of 3365 US dollars. Bullish strategy: If the gold price falls to the support of 3260-3270 US dollars, you can go long with a light position, with a target of 3340 US dollars and a stop loss of 3255 US dollars. 💥Risk warning Liquidity risk: The market may be bearish in early May, and price fluctuations may be amplified. Policy black swan: Trump may suddenly make tariff policies or personnel changes at the Federal Reserve, causing violent market fluctuations. Technical false breakthrough: There are a large number of stop-loss orders near 3350 US dollars, and you need to be wary of reversals after inducing more. Summary: This week, the gold market will be affected by geopolitics, Federal Reserve policies and the trend of the US dollar. The fluctuation range is expected to be between 3260 and 3370 US dollars. Investors need to pay close attention to key support and resistance levels and adjust their strategies flexibly.
OANDA:XAUUSDShort
by Labaron
1
XAUUSD Gold Possible Move 23.04.2025Gold (XAUUSD) Technical Analysis – April 23, 2025 The market is currently showing bearish momentum following a retracement from the recent highs near the 3,500 mark. Price is now approaching key Fibonacci levels, presenting potential shorting opportunities for intraday and swing traders. Key Levels to Watch: 📉 Short Opportunity 1: Zone: 3400-3410 USD (Fibonacci 0.5 to 0.618) Analysis: This is a premium supply zone and a retracement area aligning with the Fibonacci golden pocket. If the price revisits this region and shows bearish confirmation (e.g., bearish engulfing, rejections, or lower timeframe structure break), it's a high-probability short entry zone. Signal: Look for price rejection patterns in this zone to initiate a short position. Stop-Loss: 3,430 Target: 3,292 initially, then lower if structure breaks 📉 Short Opportunity 2 (Breakout Trade): Zone: 3,292 – 3,300 USD (Major Support) Analysis: This is a major support zone. A clean break below and successful retest from underneath would signal continuation to the downside. Signal: Wait for a break and retest below 3,292 for confirmation before entering short. Stop-Loss: Above 3,300 on retest Target: 3,240 and potentially 3,215 – 3,220 zone Overall Bias: Bearish below 3,396. Price action confirms lower highs and lower lows. Structure supports selling rallies or breakdowns.
OANDA:XAUUSDShort
by QuinnReed_Charts
J.P. Morgan joins the $4K gold clubJ.P. Morgan now forecasts gold to average $3,675 per ounce by year-end and joins Goldman Sachs in projecting a move beyond $4,000 next year. Spot gold has gained 29% year-to-date, setting 28 record highs and briefly surpassing $3,500 for the first time yesterday. According to the bank, the main downside risk remains a sudden decline in central bank demand. Key support has potentially shifted higher, with $3,286 now seen as a potential pivot—aligned with both the 50-day moving average and the 61.8% Fibonacci retracement.
BLACKBULL:XAUUSD
by BlackBull_Markets
XAUUSD sell Gold price retreats slightly from near $3,500, or a fresh all-time highs in the early European session on Tuesday as bulls pause for a breather amid overbought conditions on short-term charts. Any meaningful corrective downfall, however, still seems elusive on sustained US Dollar weakness If Gold sellers manage to fight back control, Gold price could initially retreat toward the $3,400 mark, below which the previous day’s low of $3,329 will be tested. Gold sell signal 3456 Target 3050
OANDA:XAUUSDShort
by Stiven088
Gold Sell and Buy Trading Plan Update!!!Hi Traders, on April 16th I shared this "Gold Sell and Buy Trading Plan" I expected short term bearish moves towards the Fibonacci support zones and then continuation higher. You can read the full post using the link above. Price provided a small bearish move and then it continued higher further!!! If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 ------------------------------------------------------------------------------------------------------------------- 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 VladimirRibakov
XAUUSD - Liquidity Grab Before Pullback? | Key Zones MarkedGold (XAU/USD) is approaching a critical liquidity zone around the $3,330 level, which aligns with a strong Fibonacci extension area and previous structural highs. Price has shown an impressive recovery after hitting support below $3,000, triggering a bullish rally that reached our TP at $3,270 following a successful SL re-entry. The price is currently tapping into a liquidity zone, with expectations of short-term rejection signals forming on the 1H time frame. If we start to see 1H candle rejections or bearish divergence, we can anticipate a possible pullback towards the $3,140-$3,180 zone, which is a confluence of previous resistance turned support and a Fibonacci retracement level. 📌 Patience is key—wait for proper price action confirmation before entering shorts.
OANDA:XAUUSDShort
by mrdundeee
XAUUSD sell signal In the near term, and according to the 4-hour chart, XAU/USD has room to extend its advance. Technical indicators eased modestly from their recent highs but lack any bearish momentum. Particularly, the Relative Strength Index (RSI) indicator hovers at around 81 with no signs of giving back. Finally, the 20 SMA accelerated north above the longer ones, while offering dynamic support in the $3,320 region. Support levels:3,400.00 3,386.40 3,375.50 Resistance levels: 3,430.40 3,445.00 3,460.0 XAUUSD sell signal 3414 Support 3387 Support 3345
OANDA:XAUUSDShort
by Stiven088
Potential Reversal in Gold After Completing Widening Formationhello guys! The 4H Gold/USD chart exhibits a classic Broadening Formation (also known as a Megaphone Pattern), marked by higher highs and lower lows, reflecting increased volatility and market indecision. This pattern is identified with three key swing points on both the upper and lower trendlines: Point 1 and Point 2 formed the initial boundaries of the pattern. Point 3, recently touched, completes the structure by testing the upper boundary of the formation near $3,238, suggesting a potential bull trap, as illustrated in the schematic overlay. just look at: The price has sharply rallied to the top of the widening pattern, aligning with the third high, often a strong signal for reversal in this setup. A rejection from this level is anticipated, supported by the bearish projection arrows targeting multiple demand zones. Bearish Target Zones: $3,180 – $3,160: Previous consolidation zone. $3,140 – $3,120: Mid-pattern volume area with past price sensitivity. $3,060 – $3,040: Major support zone with a strong volume node and previous reaction area. Volume Profile Insight: The volume profile shows significant activity in the $3,040 zone, reinforcing it as a major demand area where buyers might step in again. __________________________ Summary: This setup suggests a potential bearish correction after a strong upward move. If price action respects the pattern, traders may look for short opportunities from current levels with the outlined targets. Watch for confirmations such as reversal candlesticks or breakdowns of minor support levels.
OANDA:XAUUSDShort
by melikatrader94
29