Has gold peaked and turned bearish? Trend analysisGold will focus on the impact of non-agricultural data. At that time, there will be large short-term fluctuations. In the 4H cycle, the weak shock will remain below the middle track. The upper pressure will remain at 3118 and 3135. The short-term weakness will also be accompanied by repeated detours. Therefore, the rebound will be mainly shorted, and the lower support will remain at 3080 and 3055.
Recommendation: Short gold near 3135, stop loss at 3143, target 3120, 3110!
Goldtrading
XAU/USD Analysis – Wedge Breakdown & Bearish Trade Setup1. Chart Overview
The 15-minute XAU/USD chart shows a descending wedge pattern forming after a price rally. The wedge is characterized by a series of lower highs and lower lows, signaling a gradual weakening of bullish momentum. After consolidating within this wedge, the price has broken down, suggesting a bearish continuation.
This setup provides a high-probability short trade with clear entry, stop-loss, and multiple take-profit levels.
2. Key Technical Elements
A) Chart Pattern – Descending Wedge Breakdown
A descending wedge is typically a bullish reversal pattern when forming at the bottom of a downtrend. However, in this case, it appears at the end of a corrective move, making it a bearish continuation setup.
The upper trendline (black dashed line) acts as resistance, preventing price from breaking higher.
The lower trendline (solid blue line) represents temporary support.
The wedge narrows as price action contracts, leading to an eventual breakdown.
👉 Breakout Confirmation:
The price has broken below the wedge’s support trendline.
A minor pullback to retest the broken trendline suggests validation of the breakdown.
B) Resistance & Support Levels
1️⃣ Resistance Level (Sell Zone) – $3,100 to $3,135
This area previously acted as a supply zone, rejecting bullish attempts.
Price was unable to sustain above this level, leading to further downside pressure.
Stop-loss should be placed above this level ($3,135.57) to protect against invalidation.
2️⃣ Support Level (Buy Zone) – $3,050 to $3,056
This was a previous reaction zone where price briefly bounced before continuing lower.
Now acting as Take Profit 1 (TP1) at $3,056.58.
3️⃣ Breakout & Retest
After breaking the wedge, price retested the trendline but failed to reclaim it, confirming the bearish trend.
3. Trade Setup & Execution
🔵 Entry Point:
Short trade activation upon the breakdown and retest of the wedge structure.
Price rejection at the trendline confirms seller strength.
🔴 Stop-Loss:
Placed at $3,135.57, slightly above recent swing highs.
This protects against false breakouts or sudden reversals.
🎯 Take Profit Levels:
TP1 ($3,056.58): First target where buyers might step in.
TP2 ($3,022.39): Midway target, acting as another strong support.
TP3 ($2,985.44): Final target where price may stabilize or reverse.
4. Market Context & Confirmation Indicators
📉 Bearish Confirmation:
Strong downward momentum suggests continued selling pressure.
Price action is failing to make new highs, confirming lower highs and lower lows.
📊 Risk-to-Reward Ratio (RRR):
The trade offers a favorable RRR, as the downside potential is significantly larger than the stop-loss range.
⚡ Additional Confirmation:
A strong bearish candle confirmed the breakout, rejecting higher levels.
Potential support breakouts suggest that price could reach TP3 if bearish momentum continues.
5. Conclusion – Trading Strategy Summary
✅ Pattern Identified: Descending Wedge Breakdown (Bearish)
✅ Trade Direction: Short (Sell)
✅ Entry Trigger: Breakout & Retest of the Trendline
✅ Stop-Loss: Above $3,135.57 (Wedge Resistance Zone)
✅ Take Profit Targets:
TP1: $3,056.58
TP2: $3,022.39
TP3: $2,985.44
📌 Final Thoughts:
This setup provides a high-probability trade with a clear breakdown structure and downside potential. If the price continues to respect the bearish trend, reaching all TP levels is likely. However, traders should monitor for reversal signals and manage risk accordingly.
🔔 Risk Warning: Always use proper risk management and adjust positions according to market conditions! 🚀
When will gold's continued highs peak?In terms of the short-term operation strategy for gold, it is recommended to do more on pullbacks and short on rebounds. The short-term focus on the upper side is the 3128-3130 line of resistance, and the short-term focus on the lower side is the 3100-3097 line of support.
Operation strategy reference:
Short order strategy:
Strategy 1: Short (buy short) two-tenths of the position in batches near the rebound of gold around 3127-3130, stop loss 3140, target around 3115-3105, and look at the 3100 line if it breaks;
Long order strategy:
Strategy 2: Go long (buy up) two-tenths of the position in batches near the pullback of gold around 3100-3102, stop loss 3090, target around 3120-3128, and look at the 3140 line if it breaks;
Gold's upper resistance appears, trend analysisGold has recently shown a strong upward offensive, and the daily line has been rising continuously, showing an upward trend. What gold needs to pay attention to is that the end of the rising market is not determined by the high point, but by the breaking of the key support level. The current upper resistance is at 3148-3152, and the lower support is at 3122-3117. It is recommended to rebound high and short as the main, and low and long as the auxiliary.
Gold strategy:
long at 3127/28, stop loss at 3120, target 3140-3145; if 3145 is not broken, short on rallies and then look back to around 3130-28.
Is the trend of gold rising sharply or falling sharply? In the short-term 4-hour chart, the current support below is around 3100-3095, which is the key to whether a short-term short position can be formed. If it falls below, it will enter a short-term short trend. The short-term upper resistance focuses on the two positions of 3027-3038, which is the recent top and bottom conversion position, and the upper resistance is around 3150. Technically, gold is still in a bullish trend, and the main idea is to buy more after a pullback.
Strategy:
It is recommended to buy more at 3108/09, stop loss at 3100, and target around 3123-3127 and 3137
Gold is trading sideways at a high level! Trend analysisGold is currently continuing to fluctuate along the short-term moving average in the daily trend, and the current price is supported around 3100. In the 4-hour level trend, the short-term moving average is basically in a state of adhesion and flatness. The K-line has insufficient downward momentum in the short-term trend after the continuous lower shadow line. We should pay attention to the possible sideways shock repair and the secondary upward trend after the technical pattern repair. Gold has not broken through the intraday high and continues to be mainly high-altitude. On the whole, the short-term operation strategy for gold today is recommended to be mainly short-selling on rebounds, supplemented by long-selling on pullbacks. The short-term focus on the upper side is 3138-3140 resistance, and the short-term focus on the lower side is 3100-3110 support.
Strategy reference:
Short order strategy: Strategy 1: When gold rebounds around 3138-3140, short (buy short) in batches, 20% of the position, stop loss 6 points, target around 3120-3110, break to see 3100 line;
Long order strategy: Strategy 2: When gold pulls back to around 3100-3103, long (buy long) in batches, 20% of the position, stop loss 6 points, target around 3110-3120, break to see 3130 line;
Gold is rising strongly, is it one step closer to 3200?Gold has risen sharply again, and the current surge has reached the 3167.5 US dollar line! Gold continues to be bullish and long, and there is still room and demand for further increases! It is not easy to operate at present. The resistance is the intraday high, and a small stop loss is needed to be short. In terms of short-term operation ideas for gold, it is recommended to mainly short on rebounds and supplemented by long on pullbacks. The short-term focus on the upper resistance of 3138-3140 is the focus, and the short-term focus on the lower support of 3100-3110 is the focus.
Strategy reference:
Short order strategy:
Strategy 1: Short (buy short) two-tenths of the position in batches near 3175-3178 of gold rebound, stop loss 6 points, target near 3155-3145, break to see 3140 line;
Strategy 2: Long (buy up) two-tenths of the position in batches near 3138-3140 of gold pullback, stop loss 6 points, target near 3160-3170, break to see 3180 line;
Analysis of the latest trend of gold surge and plungeAfter a sharp rise, gold fell sharply again, reaching a high of over 3167 and a low of around 3054, with a fluctuation of more than 110 US dollars. Judging from the current trend of gold, there is a high probability of a short-term volatile decline, but the overall trend is still bullish, and the market outlook is still mainly low-long; the upper pressures are 3134, 3145 and 3153, and the near pressure is around 3119. The lower supports are 3085, 3079 and 3060, and the near support is 3096.
Suggestion: Wait for it to fall back to around 3080 or slightly below, stop loss at 3070, short-term target around 3130, target around 3140 or higher,
GOLD WEEKLY CHART MID/LONG TERM ROUTE MAPHey Everyone,
After completing our 1H, 4H and daily chart idea, we now only have our long term weekly chart idea remaining . We will update new Multi timeframe route maps in preparation for next week on Sunday
Last week we stated that we still had the gap left open at 3094, after candle break above the channel half-line and ema5 lock.
-This gap is now complete!
We will now need this weeks candle to finish and close and/or ema5 lock above 3094 to open the gap above.
We also still have a detachment to ema5 lagging potentially due for further correction. We will look for ema5 lock or body close above or below the levels to confirm the next mid to long term range.
This is the beauty of our channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Gold price will look new price.XAU longOn the basis of the critical international situation, carrying on Ukraine War and extreme western nations debt. I strongly say that Gold price will look new price this year. next price is between 2500-2600. XAU is on its fifth wave Elliot on the technical logic too.
XAUUSD SHORTXAUUSD short again, 9yr high for Gold and still holding on to my shorts. another day, another entry. Setting my position at 3138 // TP 3000 SL 3238
A lil discouraged with the current rallies, however, this is what trading is like, you take your L's, gather your emotion, recalculate and execute again(when you're less emotional). Sticking to my Short positions because I believe that this will reverse, it may take a while but im willing to wait. Setting my TP to my previous target to cover previous losses and SL a lil bit further to secure my positions. This isnt a trading or financial advice but my personal trading plan. Let's see how this trade rolls.
Day 14of100
L:5
W:1
Another great trade for XAUUSD (GOLD) todayAfter seeing the price action of monday to wednesday, it gave a hint as to what to expect for today. Since i was expecting a consolidation reversal week i knew then that thursday will sweep monday to wednesday and do a reversal for today. Combining it with my multi timeframe analysis from daily to 1H with my entry in the 5m timeframe, i was able to capture this 1:7R trade for today...
For tomorrow my expectation would be an expansion friday candle going down targeting the daily +FVG to complete the ERL to IRL scenario...
Liberation Day: Fear or greed in the air? We are less than hour out from the Liberation Day tariff announcements. The U.S. is preparing to roll out reciprocal tariffs on all countries, with rates set at 10%, 15%, and 20%, according to Sky News.
Investors hoping for certainty may be disappointed—this could mark the start of a longer phase of trade battles.
Mexico, once again, is reading the room. President Sheinbaum has confirmed Mexico won’t respond with tit-for-tat tariffs. They understand that the way to deal with Trump is to treat him with kid gloves.
Meanwhile, gold hit another record high, reaching $3,149.04 on Tuesday before pulling back a little. Buyers might have a better setup around the parallel pivot line to position for further upside.
GOLD DAILY CHART MID/LONG TERM UPDATEHey Everyone,
This is an update on our daily chart idea that we are now tracking for a while now. If you have only started following us, please read the updates below at the bottom from previous weeks to see how effectively we have been tracking this.
Once again another great day on the markets with our daily chart idea playing out to completion. Yesterday we updated the completion of our 1H chart route map and today we have finally completed this daily chart idea. Our last update we stated that we had the candle body close above 3052 opening 3103 axis target. This was hit perfectly this week completing this chart idea.
We will continue to update our new multi time frame route maps, as usual, with renewed chart ideas on our usual weekly updates.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
OLD UPDATES ON THIS CHART IDEA
MARCH 23RD WEEK UPDAT E
The half line of our unique channel gave the perfect bounce into the next axis target at 2904, inline with our plans to buy dips just like we stated. We now have a body close once again with ema5 cross and lock above 2904 leaving the range above open. We will continue to look for support at the ascending half-line of the channel, as we climb into the range.
PREVIOUS WEEKS UPDATE
After completing our Bullish targets we stated that the channel top will act as resistance confirmed with ema5 rejection. A break of the channel top with ema5 would confirm a continuation and failure would confirm rejection. This allowed us to identify true breakouts against fake outs.
We also stated that we need to keep in mind the channel half line below to establish floor to provide support for the range, should we continue to track further up. A break below the half line will open the lower part of the channel to establish floor on the channel bottom. The safest way to track this movement is by buying dips.
- Once again this played out perfectly as we got the rejection on the channel top followed with the channel half line test, which gave the perfect bounce like we stated. We will now either look for a continuation from this bounce or a cross and lock below the half line for a break into the lower channel floor.
GOLD - on resistance- Could Bitcoin resume its Gains Over GoldAs you can see, GOLD has come to a point where it has been rejected twice previously.
And on each of the previous occasions, PA ended up back on the lower trend line., taking around 2 years to do so on each occasions
GOLD MOVES SO SLOW - mostly due to its HUGE market cap..... But thats another story
Has the recent rise of Gold come to a line of defeat ?
The Daily chart here shows how PA is stalling at this moment in time
Each push is getting Shorter. PA is tired.
PA is Getting OVERBOUGHT on many time frames. It needs a break
The thing is, Mr Trump will later today introduce the "liberation Tariffs"
The expectation is of FEAR as reprisals and reduced markets could cause issues in the USA , including reversing the Drop in inflation.
If the Tariffs backfire, the $ will Drop..and people will look to safe haves
Traditionally GOLD. Maybe Gold can break through its old nemesis of rejection.
But PA Is TIRED
BITCOIN has been under pressure recently, following posting a new ATH and this has taken a toll on the BTC XAUT trading pair while Gold has risen.
We can see how PA dropped and has in fact, fallen below the lower line of support.
But it needs to be understood is that RSI and MACD are now in very positive positions to make a push higher.
Gold is tired
In the Near Future, we may well see the tables turn in Bitcoins Favour again
But Me Trumps, today, May actually upset that idea.
We just have to wait and see how sentiment is towards Risk assets later today , after the announcement of these Tariffs.
But, in the Longer term, once the dust settles, I do see Bitcoin taking over again and continuing its rise to greatness.....
ENJOY
Time Will tell
GOLD (XAUUSD): Detailed Support Resistance Analysis
Here is my latest structure analysis for Gold.
Vertical Structures
Vertical Support 1: Rising trend line
Horizontal Structures:
Resistance 1: 3149 - 3151 area
Support 1: 3099 - 3104 area
Support 2: 3048 - 3057 area
Support 3: 3024 - 3036 area
Support 4: 2997 - 3001 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold (XAUUSD) 30-Minute Trade Setup: Bullish Reversal from SuppoThis chart represents a trading analysis for Gold (XAUUSD) on a 30-minute timeframe. Here are the key points from the chart:
Technical Indicators:
EMA (30, close) - Red Line: 3,124.52 (shorter-term trend)
EMA (200, close) - Blue Line: 3,090.41 (longer-term trend)
Trade Setup:
Entry Point: 3,108.21
Stop Loss: 3,098.52 (just below the support zone)
Target Point: 3,149.04 (potential profit level)
Analysis:
The price is currently bouncing from a purple support zone, which aligns with a short-term retracement.
The 30 EMA (red) is currently above the price, indicating short-term resistance.
The 200 EMA (blue) is significantly lower, showing that the overall trend is still bullish.
A potential long (buy) trade is suggested, as price is expected to reverse from the support level towards the target point of 3,149.04.
Risk-to-Reward Ratio:
The stop loss is set below the key support level to minimize risk.
The target price provides a significant profit potential.
Conclusion:
If price holds above 3,108.21, there is a strong bullish case.
If price breaks below 3,098.52, the bullish setup may become invalid.
Monitoring the 30 EMA resistance will be crucial for confirmation.
XAUUSD: Flashing a strong sell signal.Gold is highly overbought on its 1D technical outlook (RSI = 75.258, MACD = 52.020, ADX = 63.587) and today is having its first strongly bearish 4H candle. This is because the price hit the top of March's Channel Up and got rejected. The HH should now give way to a bearish wave for a HL on the 4H MA50. This is a validated sell opportunity to go for yet another -1.80% decline and target the bottom of the pattern (TP = 3,093).
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Gold extended higher, look for signs of exhaustionGold is extending higher, tapping into untested liquidity above. However, signs of exhaustion are creeping in. Watch for potential liquidity sweeps before reversals.
Key Untapped Liquidity Zones
Upside: $3,182 - $3,189
Downside: $3,103 - $3,094
🔴 Sell Setups (Short)
1️⃣ Intraday Reversal Short
Entry Zone: $3,182 - $3,189
Stop Loss (SL): Above $3,193
Take Profit (TP) Levels:
TP1: $3,150 (First reaction)
TP2: $3,128 (Key liquidity)
TP3: $3,103 (Imbalance fill)
📌 Reasoning:
Untested supply at $3,182-$3,189
Price may sweep liquidity above $3,180 before a sharp rejection
2️⃣ Aggressive Short (Scalp)
Entry Zone: $3,150 - $3,153
Stop Loss (SL): Above $3,157
Take Profit (TP) Levels:
TP1: $3,128
TP2: $3,117
TP3: $3,103
📌 Reasoning:
Liquidity grab before a possible retrace
Strong momentum-based rejection expected
🟢 Buy Setups (Long)
3️⃣ Safe Long (Key Demand Zone)
Entry Zone: $3,103 - $3,094
Stop Loss (SL): Below $3,089
Take Profit (TP) Levels:
TP1: $3,128
TP2: $3,150
TP3: $3,182
📌 Reasoning:
Untested demand at $3,103-$3,094
Imbalance below $3,103 should act as a magnet
Liquidity sitting at $3,094
4️⃣ Deep Liquidity Sweep Buy
Entry Zone: $3,074 - $3,067
Stop Loss (SL): Below $3,060
Take Profit (TP) Levels:
TP1: $3,103
TP2: $3,128
TP3: $3,150
📌 Reasoning:
Liquidity sweep target at $3,074-$3,067
If price taps this zone, a high-probability reversal could follow
Heavy imbalance would need correction
👀 Keep an Eye On:
1️⃣ DXY movements—if the dollar strengthens, gold may struggle to break higher.
2️⃣ News events—major economic data could trigger liquidity grabs before reversals.
3️⃣ Reactions at key levels—watch for wicks, aggressive rejections, and volume spikes.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your own plan and wait for confirmation before taking action.
Good luck on the market today.