Gold’s Bearish Setup – What’s Next for $XAUUSD?Gold ( OANDA:XAUUSD ) fell to $3,003 as I expected in my previous post . Of course, since this is a round number , we can expect good support .
In terms of Classic Technical Analysis , Gold appears to have succeeded in breaking the neckline of the two patterns , the Head and Shoulders Pattern and the Three Falling Peaks Pattern .
Educational Note : The Three Falling Peaks is a bearish reversal pattern that occurs after an uptrend, where the price forms three consecutive lower peaks. Each peak represents a failed attempt to continue the uptrend, signaling weakening bullish momentum. A breakdown below the support confirms the pattern and signals a potential downtrend.
In terms of Elliott Wave theory , it seems that Gold has completed 5 impulsive waves and we should wait for corrective waves .
I expect Gold to attack the $3,000 at least once more after completing the pullback , and the next target could be the Support zone($2,989-$2,976) .
Note: If Gold goes above $3,039, we should expect more pumps.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Goldsignals
GOLD (XAUUSD): Selling Now is HIGH RISK
The head & shoulders pattern that I spotted earlier
perfectly played out and we saw a strong bearish move after the
NY session opening.
HOWEVER, be extremely careful.
Many traders started to sell heavily, anticipating an extended bearish reversal.
For now the price nicely respected 3000 psychological support
that previously was a resistance.
I suggest not placing any short trades this week.
Let's wait till Monday and how the market opens.
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Gold’s Uptrend Strong, But Is a Short-Term Drop Coming?Gold ( OANDA:XAUUSD ) has increased by more than +5% over the past seven days and has managed to create new All-Time High(ATH) daily. The reasons for the increase in Gold prices include US economic statistics and the tensions in the Middle East that have increased these days.
The question is how long this bullish trend in Gold will continue. It seems that Gold needs at least a correction to continue its upward trend and I tried to find the starting zone of the correction with technical analysis tools (for the short term ).
Gold is moving near the Potential Reversal Zone(PRZ) , this zone could be a correction zone for Gold for at least the short term .
Gold also responds well to the Pitchfork tool lines , the Pitchfork lines can be considered as support and resistance lines for gold .
From an Elliott Wave theory perspective, Gold appears to be completing microwave 5 of main wave 5 (these five waves are likely to be part of main wave 3 ).
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to drop to at least $3,003 after breaking the Uptrend line , and my second target is $2,986 .
Note: The worst Stop Loss(SL) for your Short position could be $3,061.
Gold Analyze ( XAUUSD ), 2-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD buy Gold price is looking to extend its previous retreat from all-time highs of $3,058 in Asian trading on Friday. Despite the pullback, Gold price remains on track to book the third consecutive weekly gain.
Alternatively, Gold price could retest the record high of $3,056 if buyers regain poise. Further up, the triangle target measured at $3,080 will be put to the test.
XAUUSD buy 3030
Tp1 3035
TP2 3040
Tp3 3050
XAU/USD: First Long, Then SHORT! (PLEASE READ THE CAPTION)Gold's 2-hour chart shows that the price successfully reached a new high of $3057 today before retracing to $3025. Currently, gold is trading around $3037, and I expect a short-term push towards $3049 before looking for a trigger to potentially ride a correction down to targets below $3022. Stay tuned—this analysis will be updated soon!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
3074 ! Next price zone, gold ATH reached⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) continue their consolidation phase into the European session on Thursday, as traders exercise caution amid slightly overbought conditions. Additionally, a prevailing risk-on sentiment limits the metal’s intraday advance to a new record high. However, downside risks remain contained due to lingering uncertainty surrounding US President Donald Trump’s aggressive trade policies and their potential ramifications for the global economic outlook.
⭐️Personal comments NOVA:
Bulls continue their excitement, pushing prices higher, amid global trade tensions.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $3062 - $3064 SL $3067 scalping
TP1: $3058
TP2: $3050
TP3: $3040
🔥SELL GOLD zone: $3073 - $3075 SL $3080
TP1: $3065
TP2: $3050
TP3: $3040
🔥BUY GOLD zone: $3003 - $3001 SL $2996
TP1: $3009
TP2: $3015
TP3: $3023
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
MarketBreakdown | GOLD, GBPUSD, DOLLAR INDEX, EURAUD
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ #GOLD XAUUSD 1H time frame 🥇
Earlier on Sunday, I shared a completed head & shoulders pattern on Gold.
Its neckline was respected and the price bounced from that, setting a new historic high.
That same neckline is now a perfect base for a new head & shoulders pattern.
The plan remains the same, if the price violates and closes below that
a correctional movement will be expected.
2️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸
GBPUSD looks weak and shows a clear signs of a strong overbought state.
We see a breakout attempt of a rising parallel channel at the moment.
Daily candle close below that will trigger a correctional movement with a high probability.
3️⃣ DOLLAR INDEX #DXY daily time frame 💵
Dollar Index shows clear strength after 2 recent US fundamental releases.
The last obstacle for the bulls is the underlined blue resistance,
its breakout and a daily candle close above will trigger more growth.
4️⃣ #EURAUD daily time frame 🇪🇺🇦🇺
It feels like the pair is returning to a global bullish trend.
The price has recently retraced and perfectly respected the underlined support.
With a high probability, we will see a test of a current high soon.
Do you agree with my market breakdown?
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Gold is still bullish Gold is now strongly heading up ⬆️ and might hit new prices. It’s safe to buy gold now and target new higher prices like hitting 3100 if possible.
Bulls are still active but might find a range around 3050 above and below before going much higher or lower.
If you need any advice please text me.
THE KOG REPORT - FOMCTHE KOG REPORT – FOMC
This is our view for FOMC, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.
While gold is relatively new to this range we have to entail some caution if we’re even going to consider trading this FOMC. Markets are a little fragile, we’re at ATH’s and the moves are extremely aggressive. So, we’ll highlight the red box levels and the potential move we’ll be looking for, sticking to the extreme and key levels, ignoring the intermediate levels.
Looking at the chart we have a support region below 3010-15 which if spiked into and held can push this back up this time to break above 3030 and attempt to attack that 3050 region. That in our opinion would be the first point to start looking for price to exhaust, but it will only give us the flip so longer scalps are likely to be all we’ll get.
If we break above the 3055 region we’re likely to go higher giving us a red box resistance level of 3065-75. It’s this level we would ideally like to target from a lot lower down if we can get that entry. For that reason, we have given the level below on the break of 3010 sitting around 2990-80, we’ll have to wait and see, but if we can get down there a nice swing could present itself.
RED BOX INDICATOR:
Break above 3030 for 3050, 3055, 3063 and 3070 in extension of the move
Break below 3020 for 3912, 3006, 2996 and 2990 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
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD Major 25-year Resistance getting tested!Gold (XAUUSD) has been on a multi-decade uptrend since the 2000 bottom and shortly after the launch of its ETF. With the exception of the aggressive 2006 break-out, the majority of its price action has been inside the (blue) Channel Up but the use of the Fibonacci extension Channel allows us to catch the key levels of the post 2006 action too.
What's more important is that the market is testing the top of that (blue) Channel Up, i.e. the 1.0 Fibonacci level, for the first time since August 2020, which was a major market top and the start of a 3-year Bear Phase.
As mentioned, the only time this Resistance broke was in April 2006, when Gold truly turned parabolic. The question is, what will it be this time? A macro level bullish break-out to the Fib 1.5 extension or the more short-term dynamic of the top of the blue Channel Up and a rejection back to the long-term Support of 1M MA50 (blue trend-line)?
Tell us your thoughts in the comments section!
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Gold is Pulling Back to Support lines & PRZ – Another Rally!?As I expected in my previous post , Gold ( OANDA:XAUUSD ) finally touched Potential Reversal Zone(PRZ) (of course with a lot of volatility).
From Elliott Wave theory , Gold appears to have completed the main wave 3 and is currently completing the main wave 4 . The main wave 4 is likely to end near the Support lines and Potential Reversal Zone(PRZ) .
I expect Gold to attack Potential Reversal Zone(PRZ) at least once more after completing the main wave 4 .
Can Gold make a new All-Time High(ATH) or Correction?
Note: There is also a possibility that the main wave 5 is a truncated wave because in PRZ we have the $3,000 round number.
Note: If Gold falls below $2,940, we can expect further declines.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GOLD (XAUUSD): Detailed Support & Resistance Analysis
Here is my latest support and resistance analysis for Gold
ahead of the FED Interest Rate decision today.
Resistance 1: 3045 - 3050 area
Resistance 2: 3099 - 3103 area
Support 1: 2997 - 3001 area
Support 2: 2952 - 2956 area
Support 3: 2916 - 2933 area
Support 4: 2880 - 2888 area
Consider these structures for pullback/breakout trading.
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XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold is on Fire—But Can Bulls Hold the Line?Gold has been surging, and while I expected it to hit $3,000 this year, I definitely didn’t anticipate it happening in the first semester...
So, let’s address the big question: Can the bulls maintain this level?
Looking at the chart, since early March, TRADENATION:XAUUSD has climbed 2,000 pips (around 7%), but what stands out is that 1,500 of those pips (5%) came in just one week.
No matter how strong the bullish momentum and fundamentals are, I believe this kind of rally is unsustainable.
Technical Outlook
After pulling back from its all-time high of 2,950, gold made a false breakout, followed by an almost vertical move upward, briefly interrupted by two consolidation phases.
Fundamental Factors
The FOMC meeting is today, and while rates are expected to remain unchanged, the real market mover will be Jerome Powell’s press conference. His comments could trigger significant price action.
My Take
I expect gold to start correcting after the press conference, regardless of what Powell says. However, this is a highly risky trade, so I’ll stay on the sidelines until I see a clear reversal signal.
Final Thoughts
At the time of writing, gold is consolidating within another rectangular range, with resistance at 3,040. If we see a spike above and then a drop back to around 3,030, that would signal ( for me ) that gold has topped—at least for now. In that case, I’ll be looking to short with a target of at least 500 pips. Until then, my approach is simple: wait and see.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
XAUUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
SILVER (XAGUSD): Bullish Continuation Ahead
Silver formed a strong bullish pattern on a 4H.
I see a bullish flag with a candle close above its resistance line.
I think that the market is going to continue rising.
Next resistance 34.2
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