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Gold at PRZ—Will Bears Take Over Soon!?Today, U.S. Retail Sales data will be released: Core Retail Sales (Forecast: 0.4%) → If lower than expected, it may indicate weaker consumer spending, potentially weakening the USD ( TVC:DXY ). Retail Sales (Forecast: 0.4%) → A lower-than-expected reading would signal economic weakness and increase expectations for Fed rate cuts. Given recent economic trends and previous reports like CPI (inflation) and PPI (producer inflation) coming in higher than expected, retail sales data is more likely to be stronger than forecasted or at least in line with expectations. Potential Market Impact : If the data is stronger than expected : USD strengthens → Gold declines . There is a slightly higher probability that the data will be stronger than expected (or in line with forecasts). However, if the data disappoints , the market could react sharply . If the indexes are close to or match the forecasts, there will be less expectation of emotional market movement. -------------------------------------------------- Gold ( OANDA:XAUUSD ) started to rise, as I expected in the previous post . Currently, Gold is near the Potential Reversal Zone(PRZ) , the upper line of the Ascending Channel , Monthly Resistance(2) , and Yearly Resistance(1) . According to the theory of Elliott waves , Gold seems to be completing microwave 5 of the main wave 5 . One of the confirmation signs of the end of wave 5 can be the breaking of the lower line of the ascending channel . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect Gold to go down to at least $2,920 first after breaking the lower line of the ascending channel, and if the Support zone($2,915-$2,905) is broken, we should wait for an attack on the 100_SMA(1-hour) and the Support line . Note: If Gold breaks the Potential Reversal Zone(PRZ) , we can expect more pumps. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 15-minute time frame. Do not forget to put 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.
OANDA:XAUUSDShort
by pejman_zwin
9
Gold's Bear Trap—Ready for a Bullish Breakout?Today’s US inflation data came in hotter than expected, reinforcing concerns about persistent price pressures. Core CPI rose 0.4% (vs. 0.3% expected ), while headline CPI jumped 0.5% (vs. 0.3% expected ). Annual inflation also exceeded forecasts at 3.0%. In his speech , Fed Chair Powell signaled no urgency in cutting rates, further strengthening the US dollar ( TVC:DXY ). According to the published US indexes , Gold ( OANDA:XAUUSD ) suddenly fell but started to rise again from the Support line and created a Bear Trap . Educational Tip : Basically, after every Bull or Bear Trap , the market moves against the created Trap. Gold is moving near the Support zone($2,889-$2,878) , 100_SMA(1-hour) and has managed to break the Resistance line , any pullback can be a good opportunity for us to take a Long position . Of course, you can enter the position in another way ( be sure to follow the capital management ). According to Elliott's wave theory , Gold seems to have completed the Double Three Correction(WXY) . One of the signs of completion can be the breaking of the resistance line . I expect Gold to attack the Resistance zone($2,915-$2,905) in the coming hours . Note: If Gold breaks the Support zone($2,889-$2,878), we should expect more fall and break the support line. Especially if Gold goes below $2,863. Be sure to follow the updated ideas. Gold Analyze ( XAUUSD ), 15-minute time frame. Do not forget to put 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.
OANDA:XAUUSDLong
by pejman_zwin
3
Gold Price Analysis: Is a Deeper Pullback Coming?Since the beginning of the week, I have been writing that although the overall trend remains bullish, Gold is due for a correction. Indeed, after a blow-off top to a new all-time high of 2943, the price started to decline and reached the confluence support zone at 2885. At the time of writing, the price has returned to this support level, and there is a high probability of a break below this level, leading to a continuation of the correction. In such a scenario, traders could anticipate a test of the 2840 support zone. My strategy is to look for selling opportunities on rallies above 2900. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDShort
by Mihai_Iacob
1
GOLD at a Turning Point: Potential Breakdown Ahead?OANDA:XAUUSD is currently testing the lower boundary of its ascending channel. A decisive break below this trendline could signal a shift in market sentiment, potentially weakening bullish momentum and increasing the likelihood of bearish pressure. If price breaks below the current support and then retests the zone as resistance, sellers may take control and drive the price lower. A confirmed rejection at this level could lead to a bearish continuation toward the 2,829 support level, which represents a logical target within the current market structure. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or strong rejection wicks, to validate potential short positions.
OANDA:XAUUSDShort
by DanieIM
1
XAUUSD Trade Log 🚨 XAUUSD Long Zones: High-Probability Entries 🚨 Gold has been on a strong move, but smart money doesn’t chase— TDV traders wait for prime entries. 🔴 First Long Entry: A swing long opportunity where I’ll get in but move to break-even fast. Why? The real opportunity is lower. 🔴 Bad Boy Entry: This is where I’ll scale in aggressively, with: ✅ Daily discount level ✅ Weekly Break of Structure (BOS) ✅ Confluence of daily & hourly levels For risk: ⚡ 2% for prop traders ⚡ 5% for personal equity accounts This is how TDV plays the game—strategic, calculated, and ahead of the herd.
OANDA:XAUUSDLong
by Fondera
GOLD Targets New Highs - Will It Reach 2,919?TVC:GOLD is trading within a well-defined ascending channel, signaling strong bullish momentum. The price has consistently respected the channel boundaries, forming higher highs and higher lows, which aligns with the continuation of the uptrend. If the price maintains its current trajectory, I anticipate a move toward the 2,919 level, which aligns with the upper boundary of the channel. This setup reflects the potential for further bullish movement as buyers continue to dominate the market. Traders should monitor for pullbacks, as these areas may offer potential buying opportunities. Look for bullish confirmation signals to validate entries.
OANDA:XAUUSDLong
by DanieIM
3
THE KOG REPORTTHE KOG REPORT: In last week’s KOG Report we said we would be looking for the market to open, test the high and then give us the short trade into the lower red box levels. We gave the levels of 2775 and 2755-60 to traders for potential RIPs of which the 2775 region gave us the tap and bounce that we wanted to get that long trade. We mentioned our target level of 2828 which was active and as we saw, it not only completed but was surpassed. During the week, we updated traders with the plans for pull backs and red box target levels, of which again, nearly all were completed. That along with another 8 Excalibur targets just on Gold! An extremely decent week on the markets in Camelot, not only on gold but the numerous other pairs we trade and analyse. So, what can we expect in the week ahead? For this week we’re in a similar situation to the last two weeks, price has close high and it’s too risky for us to attempt long trades up here unless we’re scalping the red boxes. We have the immediate resistance level above of 2865-8 which is a potential opening target if they take this upside from the open. This is a key level and needs to be watched, if rejected this could be the first opportunity to short again into the lower levels of 2855-50 and below that 2830-35. If broken, we’ll look higher at the 2895-2902 (target region) level for another attempt. On the flip, ideally we want to see this go down into the first region 2830-5 for the bounce, and then flip the resistance to continue the move downside into the lower support and red box levels which is where we will be waiting again to swing this long. In summary, expect ranging first part of the week, potential for 2885 resistance and 2855 support which are the levels that need to break to determine the next move. Don’t get carried away with trading it to the moon or shorting it to the core of the earth. Trade it how you see it on the day, follow KOG’s bias of the day and the red box targets which are proven to be effective for day traders and scalpers. KOG’s Bias for the week: Bearish below 2875 with targets below 2855, 2850, 2845 and below that 2835 Bullish on break of 2875 with targets above 2890, 2897, 2899 and above that 2902 RED BOXES: Break below 2850 for 2847, 2844, 2839, 2835 and 2826 in extension of the move Break above 2860 for 2865, 2872, 2874, 2890 and 2902 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
15
XAUUSD correction to the 1H MA50 technically needed.Gold (XAUUSD) stayed unaffected by the Tariff War, as we mentioned on last week's analysis (Feb 03, see chart below) and easily hit our 2845 Channel Up Higher High Target: This time a new, more aggressive Channel Up, on the 1H time-frame has emerged and is already on its 2nd Bullish Leg. Technically, the 1H RSI being overbought at 80.00, calls for a short-term correction. We expect a technical pull-back to the 1H MA50 (blue trend-line), which will be the next buy entry fir the final +3.90% run and a Channel Up Higher High at 2945. ------------------------------------------------------------------------------- ** 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:XAUUSD
by TradingShot
AUDCAD Bullish Pennant Formation and Expected Breakout AnalysisAUDCAD BUY Entry Point= 0.90000 Stop loss = 0.89500 AUDCAD is currently trading at 0.90000, with a target price of 0.91500. This setup suggests an expected upward movement of 150+ pips. The market is forming a bullish pennant, a continuation pattern indicating potential for further gains. A breakout from this pattern is anticipated, which could drive prices higher. The breakout confirmation will strengthen the bullish sentiment, increasing the likelihood of reaching the target. Traders should monitor volume and momentum indicators for confirmation. Stop-loss placement is crucial to manage risk effectively. If the breakout is strong, the price could move swiftly towards the target. Patience and proper risk management are key to capitalizing on this setup. Overall, a bullish outlook is expected upon a successful breakout.
Long
by AndrewsMarket-Mastery
1