This Trendline Has Held Since January, Will Gold Finally Break?Gold (XAUUSD) is currently testing a key ascending trendline that has acted as dynamic support since early 2025. Today's price action shows strong bearish pressure, but confirmation is still needed as the daily candle has not yet closed below the trendline. A decisive close beneath this level would signal a potential shift in market structure and open the door for further downside. Fundamentally, mixed U.S. data adds to the uncertainty—while Personal Income (-0.4%) and Spending (-0.1%) came in below expectations, the Core PCE Price Index rose to 0.2%, suggesting lingering inflationary pressure.
If price breaks and closes below 3,260, I’ll consider a bearish continuation toward 3,200, 3,120, and possibly 3,000. However, if bulls defend this zone and reclaim 3,300+, a short-term bounce could still play out. For now, I'm staying patient and waiting for the daily close to confirm direction.
Metals
GOLD recovers, capped by $3,350, trend viewOANDA:XAUUSD recovered then weakened as it failed to break above $3,350, supported by a weaker dollar and market uncertainty sparked by reports that U.S. President Donald Trump could replace Federal Reserve Chairman Jerome Powell in September or October. The reports raised concerns about the future independence of the Federal Reserve, boosting demand for safe-haven gold.
On Wednesday, Trump called Powell “terrible” and said he was considering three or four candidates to replace him. Meanwhile, the Wall Street Journal reported that Trump was even considering announcing a potential successor as early as September or October.
The current market narrative is that once Trump nominates a new Fed chair, market expectations will tend to favor a more “dovish” Fed. This could lead to a weaker US dollar, higher long-term US Treasury yields and higher stock prices.
Forexlive points out that this story may be more an emotional reaction than a result of objective and rational thinking. The policy of the FOMC (Federal Open Market Committee) is decided not only by the Fed Chairman but also by a majority vote of the 12 voting members (including 7 directors and 5 regional Fed presidents). The Fed Chairman does have a lot of influence, but he does not have absolute control over monetary policy. The Fed was originally designed to be independent of political pressure.
Moreover, even if Trump nominates the next chairman, there is no guarantee that this will automatically lead to a rate cut. In fact, Powell was also nominated by Trump, but his monetary policy decisions are still based on professional judgment rather than serving Trump's wishes.
So, in the worst case, the market could face policy uncertainty as differences between FOMC members increase and more disagreements emerge. Currently, there are fewer moderate members on the committee, while neutral or hawkish members dominate.
Markets are now focused on personal consumption expenditure (PCE) data due later today (Friday) for further clues on whether the Federal Reserve will cut interest rates.
On the geopolitical front, a ceasefire between Israel and Iran appeared to be in place on Wednesday after Trump hailed a swift end to the 12-day conflict at the NATO summit and said he would seek a commitment from Iran to abandon its nuclear ambitions in talks next week.
Technical Outlook Analysis OANDA:XAUUSD
On the daily chart, after gold recovered and reached the initial target at 3,350 USD, the nearest resistance is also the price point of the EMA21 noted for readers in the previous publication.
However, the recovery momentum is currently weakening, specifically at the time of writing, the gold price is falling below 3,320 USD. Gold falling below 3,320 USD provides conditions for a possible decline with the next target around 3,302 - 3,300 USD, which is the area of the 0.382% Fibonacci retracement confluence with the lower edge of the price channel.
In terms of momentum, the RSI is heading down and breaking below 50, which should be considered an initial bearish signal.
Overall, gold does not have a clear long-term trend as the uptrend is still the main trend, while the momentum is showing signs of decline.
But personally, I am still leaning towards the uptrend, and continue to look for positions to buy.
Finally, the notable positions will be listed as follows.
Support: 3,302 – 3,300 USD
Resistance: 3,320 – 3,350 – 3,371 USD
SELL XAUUSD PRICE 3367 - 3365⚡️
↠↠ Stop Loss 3371
→Take Profit 1 3359
↨
→Take Profit 2 3353
BUY XAUUSD PRICE 3272 - 3274⚡️
↠↠ Stop Loss 3268
→Take Profit 1 3280
↨
→Take Profit 2 3286
WHAT IS THE EXPECTED RETURN and DURATION of this GOLD Bull Run?Well, when measured against the DXY index, a clear trend becomes apparent.
A Golden Bull typically lasts about 40 quarters, which is essentially 1 decade (give or take a quarter).
Similar to #Bitcoin and its cyclical bull markets within a larger secular bull, the returns tend to decrease over time.
However, it seems that a triple-digit Gold price relative to the DXY is on the horizon at the very least.
What would that look like if the DXY were to hit a new low around 69? This would suggest a Gold price of $6900 at a ratio of 100:1.
A Gold price of $12K with a DXY of 80 only requires a ratio of 150...
Thus, a five-digit Gold price is certainly within the realm of possibility.
I have forecasts that extend as high as $12K.
Gold Confirms Breakdown — Eyes on $3100 TargetGold has broken below the neckline of multiple Head & Shoulders formations, signaling potential downside continuation. This technical development opens the path toward the projected target around $3100, Let’s monitor whether the pattern fulfills its full potential.
#Gold #XAUUSD #HeadAndShoulders #TechnicalAnalysis #ChartPattern #GoldForecast #TradingView #Commodities #PriceAction
GOLD → Local bearish trend. Retest of support.FX:XAUUSD is technically looking a little weak. Support is being retested amid de-escalation of geopolitical conflicts in the Middle East. Interest in the metal is waning.
On Friday, gold remains under pressure ahead of data on the core PCE index, a key inflation indicator for the Fed. If inflation turns out to be higher than expected, this could strengthen expectations of a rate cut as early as July, supporting gold. The probability of a July cut is currently estimated at 21%, and 75% for September. Amid dollar volatility caused by rumors of a possible Fed chair replacement and trade negotiations with the EU and China, traders remain cautious, awaiting clarity on inflation and monetary policy
Technically, before falling, gold may form a correction to 3320 (liquidity capture).
Resistance levels: 3320, 3336, 3347
Support levels: 3293, 3271
If the fundamental background remains unchanged and gold continues to decline towards support at 3293 and break through this level, the breakout could lead to a fall to 3271. However, I do not rule out the possibility that after a sharp decline, a correction to 3320 could form before the fall.
Best regards, R. Linda!
Gold Holds Above $3340 as Dollar Drops and Fed Uncertainty Rises GOLD OVERVIEW
Gold Holds Gains as Dollar Weakens and Fed Uncertainty Grows
Gold climbed above $3,340 per ounce on Thursday, supported by a sharp decline in the U.S. dollar amid growing dovish expectations from the Federal Reserve.
Adding to market speculation, U.S. President Donald Trump hinted he may announce a new Fed Chair as early as September or October, potentially reducing Jerome Powell’s influence before his term ends in June and boosting expectations for a more accommodative policy stance.
TECHNICAL OUTLOOK – XAU/USD
Gold shows bearish potential if the price can stabilize below the pivot level at 3,341.
However, while trading above 3,341, a short-term correction toward 3,364–3,365 is likely before any renewed selling pressure.
Today’s U.S. GDP release may add further volatility and direction to the market.
Key Levels
Pivot Line: 3,341
Resistance: 3,364 → 3,373
Support: 3,320 → 3,302
previous idea:
Waiting for data release to rebound and short📰 Impact of news:
1. PCE and Consumer Index
📈 Market analysis:
The current price of 3280 has a higher profit and loss ratio advantage. Technical indicators show that the hourly chart is severely oversold. Combined with the top and bottom conversion of 3300 above, there is a 20-point rebound space in the short term. If the PCE data is in line with the trend, gold prices are expected to quickly regain the 3,300 mark. Note that negative data beyond expectations may cause a brief decline.
🏅 Trading strategies:
BUY 3295-3280-3275
TP 3298-3300-3310
SELL 3300-3310
TP 3290-3280-3260-3250
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
Is gold in an ascending triangle, or in a wider range?A quick technical piece on TVC:GOLD . What are your thoughts?
MARKETSCOM:GOLD
Let us know what you think in the comments below.
Thank you.
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HelenP. I Gold will rebound up from trend line to $3400 levelHi folks today I'm prepared for you Gold analytics. After looking at this chart, we can see how the price after a prolonged consolidation inside a large wedge pattern, XAUUSD, approached the ascending trend line again - this line has acted as a key support several times in the past. This time is no exception: the price reacted to it with a bullish bounce. We can see a confluence here — trend line support coincides with the lower boundary of the wedge and the local support zone at 3270 - 3250 points. Now the price is trading above this line, showing early signs of recovery. Given the symmetry of this structure and past behavior, I expect gold to continue rising from current levels. The nearest major obstacle lies in the resistance zone around 3400 - 3420, which acted as a turning point before. That’s why my current goal is set at the 3400 level. If bulls hold the trend line, we may see a steady move toward this key resistance. Given the trend line reaction, wedge structure, and current momentum, I remain bullish and expect further growth. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GOLD - SELL TO $3,288 (1H VIEW)Still looking for a move lower into the $2,787 - $3,276 zone, to take out the June low, like I mentioned to you all a few days ago.
Tomorrow is Friday so be careful as price action could be choppy & use strict risk management.
⭕️Imbalance Left Below $3,300 Psychological Number.
⭕️Either Wave 2 or Wave C Not Complete of Major Impulse Move Down.
⭕️Sellers Holding Below Resistance Zone.
TP: $3,288
GOLD Will Grow! Long!
Here is our detailed technical review for GOLD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,290.38.
The above observations make me that the market will inevitably achieve 3,315.54 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Silver consolidation supported at 3500Silver – Technical Analysis
The Silver price action continues to exhibit a bullish sentiment, underpinned by a prevailing rising trend. However, recent intraday moves indicate a corrective pullback, reflecting short-term consolidation within the broader uptrend.
Key Technical Levels:
Support:
3,500 – Primary support and previous consolidation zone; critical for maintaining bullish structure.
3,450 – Secondary support; potential downside target if 3,500 fails.
3,390 – Key lower support; aligns with a broader demand area.
Resistance:
3,720 – Immediate upside resistance; first target on a bullish bounce.
3,790 – Intermediate resistance; aligns with recent swing highs.
3,850 – Long-term resistance target; marks the upper boundary of the current bullish channel.
Scenario Analysis:
Bullish Continuation (Base Case):
A bounce from the 3,500 level would affirm the corrective pullback as temporary, with potential for a bullish continuation targeting 3,720, followed by 3,790 and 3,850 over a longer timeframe.
Bearish Reversal (Alternative Scenario):
A daily close below 3,500 would undermine the current bullish outlook and signal a deeper retracement, with downside risk toward 3,450 and potentially 3,390, where structural support may stabilize price.
Conclusion:
Silver remains structurally bullish, with the current pullback offering a potential entry point within the trend. The 3,500 level is the key pivot—holding above it supports further upside continuation, while a breakdown below would raise the risk of a deeper correction. Traders should watch for price action confirmation at this level to validate the next directional move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
XAUUSD Daily Sniper Plan – June 27, 2025Hey traders! Today’s a trader’s dream: high-impact US news, gold trapped in a tight coil between supply and demand, and price flirting with the decision zone. The first breakout will be explosive — but only one side survives the trap. Let’s lock in the real structure, real bias, and sniper-level execution.
🔸 HTF Bias Breakdown
Daily Bias: Neutral → Price trapped between major supply (3359) and HTF demand (3282). Expect breakout after news.
H4 Bias: Bearish → Lower highs holding below 3359, structure weak below 3340.
H1 Bias: Mixed → Bullish momentum building off 3310–3282, but compression under EMAs warns of a fake rally.
🔹 Key Levels Above Price
3385 – Final top-side liquidity zone (last week’s spike high)
3359–3344 – HTF supply & OB (main short zone)
3340–3330 – The pivot zone (battle for control)
🔸 Key Levels Below Price
3317–3310 – Primary demand zone (where buyers stepped in yesterday)
3297–3282 – Deep liquidity pocket & HTF OB (last chance for bulls)
3260 – Breakdown zone if everything fails below
🔥 Sniper Zones & Execution Logic
🔴 3385–3375 – Extreme Supply
Only trade this zone if NY news launches price up and rejection is instant. Needs M5/M15 bearish reversal (engulfing, CHoCH, FVG fill). No news spike = no trade.
🔴 3359–3344 – Main Supply Zone
This is your first real short setup. Sweep into this area + rejection = clean short trigger. Confluence: HTF OB, FVG, EMA 100 rejection, bearish CHoCH.
⚔️ 3340–3330 – Pivot Decision Zone
This is where direction flips.
Break and hold above 3340 = bullish → targets 3359 / 3375
Rejection under 3330 = bearish → back toward 3310 or 3282
Plan: Use for break/retest entries only with M5/M15 confirmation. No blind trades.
🟢 3317–3310 – Primary Demand Zone
Watch for news-induced sweep, then M15 bullish PA (CHoCH, engulfing, RSI bounce). First safe buy zone if structure holds.
🟢 3297–3282 – Deep Demand Zone
Only used if NY session nukes the market. Enter only on textbook SMC/ICT reversal + RSI sub-30. This is the last stand for bulls.
🧠 Execution Strategy
Wait for NY news and first liquidity sweep. Don’t guess.
Sell 3359–3344 or 3375+ only on strong rejection
Buy 3310 or 3282 only on bullish reversal confirmation
Pivot 3340–3330 is the heart of today — use for break/retest or trap reversal
If you love clear logic, tap like, follow, and share your bias in the comments! 🚀👇
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GoldFxMinds
XPTUSD 1W:While Everyone Watches Gold, Platinum Quietly Wakes UpGold gets the headlines — but platinum just broke two years of silence with a clean, high-volume breakout from a symmetrical triangle on the weekly chart. And this isn’t noise — this is the structural shift traders wait for.
Price has been coiled inside a compressing wedge since early 2022. Equal highs. Equal lows. Stop hunts both ways. The classic “shake out before take off.” Now? The breakout is in. And the weekly candle closed above resistance with volume confirmation. Oh, and while we're at it — the 50MA just crossed above the 200MA, signaling a long-term trend reversal.
Target? Measure the triangle height: ~398 points. That projects a breakout target of 1440 USD, which aligns perfectly with previous institutional rejection zones.
But this isn’t just about the chart.
🔹 South Africa, the top global supplier, is struggling with energy and production cuts;
🔹 The Fed is pausing rate hikes — the dollar weakens, metals rally;
🔹 Demand from hydrogen tech, clean energy, and industrial catalysts is on the rise.
Translation? Smart money has been accumulating. The move from 965–1070 was just the ignition. The drive hasn’t started yet.
So while everyone fights over gold highs, platinum sits at the base of a move no one's prepared for — except those who know how accumulation ends.
🧭 Key support: 965–985
📍 Resistance zone: 1150–1180
🎯 Measured target: 1440+
DeGRAM | GOLD broke the demand zone📊 Technical Analysis
● Price sliced beneath the long-term rising‐channel base and the triangle apex, turning 3 300-3 310 into fresh supply; the current pull-back is a textbook bearish retest of the break zone.
● Hourly structure now tracks a new descending trend-line; failure to reclaim 3 300 keeps momentum pointed to the next fib / horizontal shelf at 3 280, with the channel width projecting 3 245 support.
💡 Fundamental Analysis
● Rebound in US 2-yr yields after hawkish Fed speakers and a stronger-than-expected durable-goods print lifted the DXY, reducing short-term bullion appeal.
-------------------
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GOLD Bearish Breakout! Sell!
Hello,Traders!
GOLD made a bearish
Breakout of the key
Horizontal level of 3,300$
And the breakout is confirmed
So we are bearish biased and
We will be expecting a
Further bearish continuation
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
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Gold Breakdown Confirmed — Bearish Pennant Targets UnfoldingGold ( OANDA:XAUUSD ) started to decline as I expected in my previous idea after the lower lines of the Ending Diagonal broke .
Gold is moving near the Resistance zone ($3,349-$3,325) . And Gold seems to be crossing the 50_SMA(Daily) .
From a Classical Technical Analysis perspective , the Bearish Pennant Pattern seems to indicate a continuation of the downtrend in Gold .
From an Elliott wave theory perspective , it seems that Gold has completed the Zigzag Correction(ABC) , and we can expect the next 5 downwaves .
I expect Gold to continue to decline at least to the Support zone($3,281-$3,243) and Monthly Pivot Point .
Note: Stop Loss (SL) = $3,360
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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XAUUSD: Gold's Muted Ascent Below $3350 XAUUSD: Gold's Muted Ascent Below $3350 – Navigating Key Levels Amidst USD Weakness!
Hello TradingView Community!
Let's delve into the intricate world of Gold (XAUUSD) today. The yellow metal is showing a subtle positive bias, largely influenced by a weaker US Dollar, yet a decisive bullish breakout above the $3350 mark remains elusive.
🌍 Macroeconomic Landscape: Forces Shaping Gold's Path
Gold has maintained a slight positive stance for the second consecutive day, but it's struggling to find significant follow-through, staying below the $3350 level in early European trading.
USD Under Pressure – A Tailwind for Gold: The primary driver for Gold's recent strength is the weakening US Dollar. Reports suggesting President Trump is considering replacing Fed Governor Jerome Powell have sparked concerns about the US central bank's future independence. This speculation has fueled market expectations for further Fed rate cuts this year, pushing the USD to its lowest point since March 2022, thereby providing support for non-yielding assets like Gold.
Cautious Outlook Prevails: Despite USD weakness, a definitive bullish trend for Gold is not yet confirmed. The ongoing ceasefire between Israel and Iran holds firm, with prevailing optimism limiting significant safe-haven rallies. This complex environment necessitates caution before confirming a definitive bottom for Gold or positioning for a substantial recovery from levels below $3300.
Key Data Ahead: Traders are keenly awaiting upcoming US macroeconomic data and speeches from FOMC members. These insights will be crucial in influencing XAU/USD, particularly ahead of Friday's pivotal US Personal Consumption Expenditures (PCE) Price Index release.
📊 XAUUSD Technical Outlook: Pinpointing Strategic Zones
Based on recent technical analysis (referencing image_e9d325.png for key levels), Gold is in a consolidation phase after a recent sharp decline, trading around the $329X mark. Price action below shorter-term moving averages suggests either lingering bearish pressure or an accumulation phase.
Strong Support Zones (Potential Buy Areas): Critical demand areas are identified around 3294.414, 3276.122, and notably 3264.400. These levels are crucial for potential price bounces.
Key Resistance Zones (Potential Sell Areas): Significant supply zones are found at 3313.737, 3321.466, 3330.483, and 3341.947. These are points where selling pressure may emerge.
🎯 XAUUSD Trading Plan: Your Actionable Strategy
Here's a breakdown of the strategic entry and exit points for your XAUUSD trades:
BUY ZONE (Strong Support - Long-Term Bias):
Entry: 3266 - 3264
SL: 3270
TP: 3280 - 3284 - 3290 - 3295 - 3300 - 3305 - 3310 - 3320
BUY SCALP (Quick Buy at Intermediate Support):
Entry: 3284 - 3282
SL: 3278
TP: 3288 - 3292 - 3296 - 3300 - 3305 - 3310 - 3320 - 3330
SELL ZONE (Key Resistance):
Entry: 3331 - 3333
SL: 3337
TP: 3326 - 3320 - 3316 - 3310 - 3305 - 3300
SELL SCALP (Quick Sell at Near Resistance):
Entry: 3313 - 3315
SL: 3320
TP: 3310 - 3305 - 3300 - 3295 - 3290 - 3280
⚠️ Key Factors to Monitor Closely:
US Macro Data: Friday's US Personal Consumption Expenditures (PCE) Price Index is paramount for market direction.
FOMC Member Speeches: Any official comments on monetary policy or inflation outlook will significantly impact USD and Gold.
Geopolitical Stability: Developments related to the Israel-Iran ceasefire can influence safe-haven demand.
XAU/USD 27 June 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
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.
Following previous high, and printing of bearish CHoCH, price has pulled back to an M15 supply zone, where we are currently seeing a reaction. Therefore, I shall now confirm internal high.
Price is now trading within an established internal range.
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 GOLD 4H + 1H PREMIUM TECHNICAL OUTLOOK – JUNE 27, 20254-HOUR TIMEFRAME – HIGHER TIMEFRAME BIAS
Gold continues to trade near its all-time highs, consolidating just below a recent swing high of $3,315. Despite minor pullbacks, the macro trend remains bullish, with bullish structure still intact. Recent price action shows shallow retracements and strong rejections of key fib levels, a typical sign of underlying smart money accumulation.
Price Action & Market Structure
Gold recently printed a Break of Structure (BOS) at $3,290, followed by a retest of the broken level.
We observed a Change of Character (CHoCH) near $3,300, quickly invalidated by bullish strength – further confirming accumulation behavior.
Market remains in bullish alignment unless $3,250 is broken decisively.
Key Support & Resistance Zones
Resistance $3,315–$3,320
Demand $3,275–$3,282
Support $3,250
Targets $3,340 / $3,355
Smart Money Concepts (SMC)
Liquidity Grab beneath $3,275 likely triggered retail stop hunts
4H Bullish Order Block between $3,275–$3,282 remains unmitigated
Imbalance Zone: $3,283–$3,289 – price may wick into this before launch
Sell-side liquidity taken below $3,275 → bullish reaction
Buy-side liquidity sits above $3,315 → likely short-term magnet
ZOOMING INTO 1-HOUR CHART – INTRADAY SETUPS
The 1-hour chart aligns with the bullish higher-timeframe bias, offering two potential premium-level setups:
Setup #1: Bullish Rejection from 4H OB
Entry Zone: $3,275–$3,282
This setup targets a liquidity sweep beneath $3,275 followed by bullish mitigation of a clean order block and imbalance zone. Confluence across fibs, OB, and structure support increases probability.
Setup #2: Breakout Retest Play
Trigger: Clean breakout and retest of $3,315
Entry: On successful retest (bullish confirmation candle)
Ideal if momentum pushes through local resistance, clearing buy-side liquidity. Reclaim of structure suggests smart money continuation.
Bearish Contingency (Low Probability for Now)
If price breaks below $3,250 and confirms below structure:
Look to short on retests into $3,275
Target next demand around $3,235
Until that happens, bullish bias remains dominant.
Gold remains one of the most structured and responsive instruments to smart money technicals right now. A well-planned entry around demand, imbalance, or breakout levels provides excellent RRR potential if structure holds.
Analysis and layout of the latest gold trends during the day📰 Impact of news:
1. PCE and Consumer Index
📈 Market analysis:
Judging from the 4H chart, the Bollinger Bands are closing and the MACD is showing a trend of forming a death cross, indicating that the short-selling momentum is still relatively strong in the short term. However, as the overall upward structure has not been destroyed, there is still a possibility of a rebound and repair in the future. During the day, we need to pay special attention to the support strength of the MA5 and MA10 moving averages. It is recommended to adopt the idea of shorting at high levels and going long at low levels. The key support below is the 3305-3295 area, and the upper resistance is the 3340-3350 range. However, judging from the chart, in the short term, there may be a rebound near 3313. At present, it has indeed rebounded to around 3319 as expected. If it falls weakly to this week's low of 3295, you can buy if it does not break. On the whole, if it rebounds to 3335-3345, you can consider shorting, and if the support below 3305-3295 is not broken, go long. Today is Friday, and as it is near the end of the month, market liquidity is strong. Please be cautious in your operations today and be sure to set stop losses strictly.
🏅 Trading strategies:
SELL 3335-3345-3350
TP 3320-3315-3300
BUY 3305-3295
TP 3310-3320-3330
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.