Gold fluctuates in a narrow range ahead of the Fed rate🗞News side:
1. The situation between India and Pakistan escalates
2. China is willing to engage with the US, and the situation has eased
📈Technical aspects:
The price of gold fell sharply after the market opened today, once falling to around 3360. Currently, gold is oscillating slightly between 3375-3390. The market has no clear trading direction for the time being. Gold is not expected to change much before the Federal Reserve interest rate is announced. Today, gold prices have continuously tested the lower support 3370-3360, and the upper short-term resistance is focused on the 3390-3400 line. We maintain shock treatment for short-term trading. The focus will be on today’s Fed interest rate issues and talks between China and the United States.
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 FOREXCOM:XAUUSD FXOPEN:XAUUSD FX:XAUUSD OANDA:XAUUSD
Metals
GOLD - Price can make correction movement to support levelHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago, the price traded inside a little flat, where it declined to the bottom part and then started to grow.
In a short time, it reached the $2955 level, broke it and started to trades inside a big flat, exiting from a small range.
After this movement, the price reached the top part of the flat and then corrected, after which it entered to pennant.
In the pennant pattern, Gold exited from a flat and rose to the resistance line from the support line, breaking the $3205 level.
Also recently, price made a correction, but then it turned around and bounced up, thereby exiting from pennant.
Now, I think that Gold can rise a little and then start to decline to $3205 support level.
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HelenP. I Gold will drop to trend line, breaking support levelHi folks today I'm prepared for you Gold analytics. Looking at the chart, we can see how the price has recently formed a narrowing wedge structure after a strong impulsive rally. The price reached a significant peak and then started consolidating, forming lower highs with fading bullish pressure. What we now see is a classic sign of price compression within a pennant pattern. Currently, the market is testing the key resistance zone between 3360 - 3380 points. This area aligns with the upper boundary of the wedge, and the price has already reacted to it multiple times. Buyers were unable to break through convincingly, indicating a potential exhaustion of momentum. Meanwhile, the lower boundary is represented by a dynamic trend line. Given this structure, I expect Gold can decline toward the support trend line and possibly reach 3300 points, my goal. The combination of horizontal resistance, trend weakening, and pattern tightening supports a short bias. Given the recent lower high, the rejection near resistance, and the wedge formation, I remain bearish and anticipate further decline. If you like my analytics you may support me with your like/comment ❤️
GOLD - WAVE 4 CORRECTION TO $2,800 (UPDATE)Gold climbed higher, but very swiftly rejected our 0.365% zone, melting back down 740 PIPS. Should see a continuation to the downside.
But as I said yesterday, if we see a breach of $3,465 then we'll create an alternate analysis which'll show Gold leading towards a new ATH, creating a 'redistribution phase' at higher prices.
SPY/QQQ Plan Your Trade Video For 5-7 : Breakaway In CounterToday's Breakaway In Counter Trend mode suggests the markets will likely attempt to break downward before the end of trading, today. Why do I state the downward trend direction?
Because the LT/ST trends are BULLISH and the general upward price trend in the SPY over the past 5-10+ days.
Counter-trend patterns are typically inverted compared to the general 5-8 day price trend. If we can't clearly identify a 5-8 day price trend, then the counter-trend patterns should be determined based on the ST/LT and BIAS trend information on the SPY Cycle Patterns data window.
Today, being a FOMC comment day, should stay rather muted/sideways in early trading. Normally, on FOMC days, the markets tend to stay paused ahead of the FOMC comments.
I believe the FED will not raise or lower rates - meaning NO CHANGE. I don't believe the US Fed has any reason to be concerned with US economic performance right now.
Gold and Silver should move into a rally phase today - but that will likely come near the end of the day as the FED comments drive the markets.
BTCUSD has moved into an early FLAGGING formation. This could be very interesting as BTCUSD has been leading the SPY/QQQ by about 4-6 trading days over the past few weeks.
If BTCUSD continues to lead the SPY/QQQ - that means the SPY/QQQ would be in the early breakdown phase right now - moving into a FLAGGING formation possibly next week.
Get some.
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GOLD BULLISH BIAS RIGHT NOW| LONG
GOLD SIGNAL
Trade Direction: long
Entry Level: 3,217.01
Target Level: 3,287.27
Stop Loss: 3,170.16
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 3h
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SILVER Is Going Up! Buy!
Here is our detailed technical review for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 3,288.3.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 3,391.4 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GOLD: Bullish Continuation & Long Trade
GOLD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GOLD
Entry - 3387.7
Sl - 3380.3
Tp - 3403.8
Our Risk - 1%
Start protection of your profits from lower levels
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XAUUSDGold technical analysis
4-hour chart resistance level 3430, support level 3330-3320
1-hour chart resistance level 3400, support level 3350
30-minute chart resistance level 3400, support level 3360
Today, it is recommended to trade with 3350 as the dividing line. If the 3350-3360 short-term support zone stabilizes, you can buy bullish. If it falls below 3350, it will trigger long stop-loss selling, and you can follow the sale to 3330-3320.
XUA/USD) bullish trend analysis Read The ChaptianSMC Trading point update
Technical analysis chart for Gold Spot (XAUUSD) on the 4-hour timeframe. Here's a breakdown of the key ideas behind the analysis:
1. Trend and Structure:
The overall trend shows a bullish move followed by a correction and now a potential continuation upward.
A bullish breakout from a descending trendline suggests a shift in momentum from bearish to bullish.
2. Key Zones:
Order Block / Buying Zone (~3,280-3,310): A demand area where price is expected to find support and potentially bounce higher.
Support Level (~3,320-3,360): Price is currently above this level, suggesting buyers are in control.
Resistance Level (~3,440-3,495): Marked as a potential short-term ceiling; a breakout above this level may signal strong bullish continuation.
Target Point (~3,494): This is the projected take-profit level for a bullish move.
3. RSI Indicator:
RSI is around 63–64, close to overbought territory but not yet extreme. This suggests moderate bullish momentum without signs of immediate reversal.
4. Projected Move:
The chart outlines a possible retracement to the support or order block zone, followed by a bounce and a push toward the resistance level and target.
Mr SMC Trading point
Strategy Implication:
Buy on pullback to the support or order block zone.
Stop-loss could be placed below the order block (~3,280).
Take-profit around the target zone (~3,494).
pales support boost 🚀 analysis follow)
XAU/USD) Bullish reversal analysis Read The ChaptianSMC Trading point update
technical analysis of Gold Spot (XAU/USD) on the 4-hour timeframe, projecting a bullish outlook. Here's a breakdown of the main ideas conveyed:
1. Support Level & Double Bottom
A strong support level is marked around the 3,177 area, with the price bouncing from it twice (highlighted by two black dots), indicating a potential double bottom pattern, which is typically a bullish reversal signal.
2. EMA 200 Support
The 200 EMA (Exponential Moving Average) lies just below the current price (~3,177), acting as dynamic support. The fact that price is holding above it adds strength to the bullish argument.
3. Bullish Divergence on RSI
The RSI (Relative Strength Index) shows a bullish divergence, where the price made lower lows but RSI made higher lows—another potential reversal indicator.
4. Price Projection
If the bullish move plays out, the chart outlines two upward targets:
Target Point: ~3,501.67
Next Target Point: ~3,729.23
These are based on measured moves from previous impulse legs (shown by vertical blue projections).
5. Entry Setup
The chart suggests a break above the short-term consolidation could trigger the bullish run toward the first target, aligning with bullish price structure and support confirmation.
Mr SMC Trading point
---
Overall Idea: The chart expects a bullish reversal from support, confirmed by double bottom, EMA 200 support, and RSI divergence, targeting higher resistance zones.
Pales support boost 🚀 analysis follow)
Gold Trend Analysis – Potential Movement ForecastThe recent price action suggests a potential turning point in gold’s trend. While the market has maintained an ascending trajectory , the latest pullback introduces a level of caution. The structure remains intact within the trend channel , but the rejection near resistance indicates that bullish momentum may be cooling off.
Key price zones such as 3800.796, 3549.659, and 3238.064 will be decisive in determining the next movement. If buyers defend these levels, a rebound towards higher resistance is likely. However, a break below support could accelerate a deeper correction.
Market sentiment currently leans towards buy-side accumulation , as marked across the chart, yet a confirmation signal from price behavior is required before engaging further in longs. Managing risk effectively in these conditions will be crucial to navigate the upcoming price movements.
Gold Ahead of FOMC – China Rate Cut Shocks Market as USD Surges⚠️ Gold Ahead of FOMC – China Rate Cut Shocks Market as USD Surges
Gold (XAU/USD) is facing a pivotal moment after a dramatic correction from $3,435 down to the 3,360s, triggered by a combination of surprising policy moves and rising macro uncertainty.
🧭 Macro Recap: Why Did Gold Drop?
🇨🇳 China unexpectedly cut interest rates by 10 basis points ahead of a key trade dialogue with the US.
➤ This supports global liquidity sentiment but simultaneously strengthens the USD in the short term.
💵 DXY surged, taking advantage of China's rate cut — adding pressure to gold.
⚠️ Geopolitical tensions in South Asia (India–Pakistan) resurfaced but failed to lift gold.
➤ This hints that the current correction is more dollar-driven than risk-off in nature.
🏛️ All eyes now shift to FOMC later today, where Fed policy will dictate gold’s next major move.
Will Powell surprise markets with dovish signals, or does this China cut hint at coordinated central bank play before a wider easing cycle?
📊 Technical Outlook – Gold in Volatile Expansion
Despite the macro volatility, gold continues to respect key liquidity zones and high-volume clusters on the chart. However, momentum is broad and inconsistent — requiring traders to react to confirmed breaks, not early assumptions.
🔺 Resistance Levels:
3390 → 3402 → 3416 → 3425 → 3432 → 3444 → 3468
🔻 Support Levels:
3365 → 3356 → 3332 → 3314
🎯 Trade Strategy – 7 May 2025 (FOMC Day)
🟢 BUY SCALP
Entry: 3355
SL: 3350
TPs: 3360 → 3364 → 3368 → 3372 → 3376 → 3380
🟢 BUY ZONE (Mid-Term Opportunity)
Entry: 3332 – 3330
SL: 3326
TPs: 3336 → 3340 → 3344 → 3348 → 3352 → 3358 → 3365
⚠️ Key BUY Level: 3314 – 3312
This is a critical level for bulls — aligned with 0.5 FIBO retracement and previous demand flip zone. However, a move here could invalidate structure and signal deeper bearish pressure. Use caution.
🔴 SELL SCALP
Entry: 3430 – 3432
SL: 3436
TPs: 3425 → 3420 → 3415 → 3410 → 3400
🔴 SELL ZONE (High-Risk Short)
Entry: 3468 – 3470
SL: 3474
TPs: 3464 → 3460 → 3455 → 3450 → 3445 → 3440 → 3430
🧠 Final Thoughts:
Gold remains range-bound but extremely reactive to macro news.
Today’s FOMC meeting could be a game changer. Whether the Fed maintains its current stance or signals dovish pivot will determine the direction for the rest of the week.
🎯 In times like this, it’s not about picking tops or bottoms — it’s about trading the reaction and protecting your capital.
✅ Stick to SL.
✅ Let price confirm.
✅ Be prepared for high volatility spikes.
Good luck, traders — and stay sharp.
Gold H4 | Pullback support at 38.2% Fibonacci retracementGold (XAU/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 3,343.88 which is a pullback support that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 3,270.00 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement.
Take profit is at 3,431.43 which is a swing-high resistance that aligns with the 78.6% Fibonacci retracement.
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Hellena | GOLD (4H): LONG to resistance area of 3400.Colleagues, I've redrawn the waves a bit, because it looks like the correction should be over.
I believe that the upward movement will resume soon.
I expect two variants of events:
1) the price will reach the support area 3162, form wave “4” and after that we will see an upward movement - this is a variant of entering a position with pending limit orders.
2) Price has already formed wave “4” and then we will see only upward movement. This is a variant of market entry.
In both cases I expect the price to come to the target in the resistance area of 3400. This is a pretty strong level from which there could be a strong correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
GOLD - Bullish Structure with Potential Continuation PlayThe current 1-hour chart of Gold (XAU/USD) demonstrates a clean bullish structure supported by an ascending channel and multiple unmitigated Fair Value Gaps (FVGs) acting as potential demand zones. This setup highlights the strength of the ongoing uptrend and offers insights into a high-probability continuation entry should price retrace.
Market Context and Trend Structure:
Following a prolonged downtrend visible in the earlier part of the chart, Gold reversed decisively with a bullish break of structure. Since then, price has been consistently printing higher highs and higher lows while respecting an ascending parallel channel. This channel, marked by two trendlines, encapsulates the short-term bullish momentum.
The current move is strong and impulsive, suggesting that institutional order flow is behind this leg. Candles are elongated with minimal wicks on the upside, reinforcing the idea of aggressive buying pressure.
Key Demand Zones and FVG Analysis:
Three major Fair Value Gaps (FVGs) have formed along the recent bullish leg, each potentially acting as a zone of reaccumulation. These FVGs are marked in green and correspond to areas where price left inefficiency after strong upward moves without immediate retracements.
* The most recent FVG, located just beneath current price, aligns with a minor structure support zone and overlaps partially with the lower boundary of the ascending channel. This area stands out as a prime candidate for a bullish continuation entry, particularly if price retraces and shows signs of holding.
* The middle FVG, slightly lower in the structure, represents a deeper mitigation level and could serve as a secondary entry in case the initial zone fails to hold.
* The lowest FVG is a broader inefficiency zone that formed near the base of the bullish reversal. If price returns this far, it would likely signify a temporary shift in momentum or deeper liquidity hunt before another leg upward.
Channel Structure and Momentum:
The ascending channel has been respected throughout the rally, offering visual confirmation of trend strength and the rhythm of pullbacks. The current price is near the upper boundary of the channel, and a short-term retracement is a logical expectation before continuation.
A pullback into the FVG + lower channel region would represent a convergence of structure, imbalance, and trendline support. These overlapping technical elements enhance the probability of a bounce from this zone.
Projected Path:
The chart also suggests a conservative bullish continuation projection, aiming toward the zone marked around 3449.12. This level appears to be a measured move extension and a safer target in relation to the overall structure. However, the note on the chart implies that the all-time high (ATH) could also be in play if momentum continues and market conditions remain supportive.
The key here is the behavior around the nearest FVG. If price retraces and holds this area—potentially forming a bullish engulfing or confirmation on lower timeframes—it may offer an ideal continuation entry with minimal drawdown.
Conclusion:
This Gold 1-hour chart reflects a strong bullish structure with clear institutional footprints left in the form of unmitigated FVGs. The alignment of ascending channel support and bullish imbalances creates a favorable setup for continuation traders. Watching the immediate FVG zone will be critical, as it may define the next impulsive leg toward higher targets. If that zone fails, deeper FVGs below offer secondary opportunities while maintaining the bullish bias as long as structural higher lows remain intact.
GOLD (XAUUSD): Trading Plan BEFORE FOMC
Gold bounced yesterday, as I predicted.
Today, we see a retest of a broken daily resistance
that turned into support after a breakout.
BEFORE FED Rate Decision today, there is another opportunity
to buy Gold:
I see a double bottom pattern on an hourly time frame.
Bullish violation of its neckline and an hourly candle close above
3394 will provide a strong intraday confirmation.
It will push the prices at least to 3429 level.
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GOLD Risky Long! Buy!
Hello,Traders!
GOLD is trading in an uptrend
So despite a local correction
We are bullish biased and
As we are already seeing
A bullish rebound from the
Local horizontal support
Of 3360$ a further
Bullish move up is
To be expected
Buy!
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GOLD Shorter Term Chart Update for 7 May 2025Currently GOLD is in Bullish Trend, we might see some correction around 3330 level for downside in case market breaks 3350 Psychological Level Clearly
For upside move market must Breaks & sustain clearly above 3400 Psychological Level
Plan your trades Carefully