Gold Analysis One Hour Time Frame
One hour time frame I still expect an increase to hit the ceiling of the descending channel, even if it breaks this ceiling with a shadow... For today, the support areas and the important area of FVG, whose center is marked, are important support points that can be seen and triggered by Bayer to continue on the path.
Xauusdanalysis
FVG LIQUIDITY & POLITICAL SHOCKS: WILL THE SELLERS STRIKE BACK?GOLD PLAN 22/05 – FVG LIQUIDITY & POLITICAL SHOCKS: WILL THE SELLERS STRIKE BACK?
🌍 Fundamental & Geopolitical Overview:
🔺 Breaking Political News:
On the night of May 21, two Israeli embassy officials were fatally shot near the Jewish Museum in Washington in what’s being labeled an anti-Semitic terrorist act.
→ Former President Trump condemned the attack, calling it “disgusting” and demanding an end to extremism.
→ Events like these typically boost gold as a safe haven, but this time the market appears hesitant.
🔺 Meanwhile, the Federal Reserve remains hawkish, signaling “higher-for-longer” interest rates.
→ This continues to support USD strength, putting downward pressure on gold.
🔍 Technical Outlook (H1):
Gold (XAUUSD) recently topped around 3397, followed by a strong bearish rejection candle at that level.
Two Fair Value Gaps (FVG) are now defining market sentiment:
Upper FVG: 3330 – 3356 (partially filled)
Lower FVG: 3277 – 3247 → highly likely to be targeted if breakdown occurs.
EMA 13 & EMA 34 are flattening out, indicating consolidation within a breakout range.
🧭 Trade Strategy for Today:
🔻 PRIMARY SELL ZONE:
Entry: 3395 – 3397
Stop Loss: 3401
Take Profit: 3390 → 3386 → 3380 → 3376 → 3370
🔻 SELL SCALP:
Entry: 3358 – 3360
Stop Loss: 3364
Take Profit: 3354 → 3350 → 3346 → 3342 → 3338 → 3330
🔵 BUY ZONE:
Entry: 3296 – 3294
Stop Loss: 3290
Take Profit: 3300 → 3304 → 3308 → 3315 → 3320 → 3330 → ???
🔵 BUY SCALP:
Entry: 3316 – 3314
Stop Loss: 3310
Take Profit: 3320 → 3324 → 3328 → 3332 → 3340 → 3350
⚠️ Key Things to Watch:
FBI and White House responses to the DC shooting could ignite renewed risk-off sentiment, pushing gold higher suddenly.
A break above 3400 invalidates today’s setup – expect renewed bullish pressure if that happens.
📌 Pro Tip: Don’t chase the market. Let price come to your zones. Respect SL/TP and manage risk – especially on volatile days like today.
📣 Follow this account for live updates, scalping levels, and macro-triggered trading zones in real time!
XAUUSD Weekly Analysis & Trade Signal — May 18, 2025Technical Overview:
Price is currently trading around the $3,204 level, right below a key resistance zone of $3,245–$3,255, which aligns with the midline of the descending parallel channel.
This zone has historically acted as a strong resistance. If price retests and rejects this level again, we can expect a significant bearish move.
However, a clean breakout above $3,255 followed by a successful retest and hold would shift the bias to bullish, potentially targeting the upper boundary of the channel near $3,360.
The weekly candle closed below $3,240 with strong bearish momentum (notable red volume), signaling a potential continuation of the downtrend next week.
Trading Plan for Next Week:
🟥 Bearish Bias (Preferred Scenario)
Entry: If price retests $3,245–$3,255 zone and shows strong rejection (e.g. bearish engulfing or wick rejections).
Target 1: $3,200
Target 2: $3,145
Target 3: $3,100
Stop Loss: Above $3,270
🟩 Bullish Scenario (Breakout Confirmation)
Entry: If price breaks and holds above $3,255, and confirms with a bullish retest.
Target 1: $3,300
Target 2: $3,345 (channel top)
Stop Loss: Below $3,230
Summary:
Your preferred bias should remain bearish unless price clearly breaks and holds above the $3,255 resistance zone. Trade based on confirmation, not anticipation.
Kindly show support, like and comment.
GOLD UPDATES – XAUUSD -MAY 22nd ahead of Unemployment claims&PMIGold is walking on a tightrope today — and below it is a pit full of retail stops. With a full lineup of high-impact USD news and price tapping into key supply zones, you already know:
The first move is bait. The second pays the sniper.
🧨 FUNDAMENTAL MINEFIELD – MAY 22
Today is packed with market-moving data — every piece adds fuel to the fire:
🕒 15:30 – Unemployment Claims
230K forecast vs. 229K previous
👀 A miss = USD weakness, gold spike
🧨 A beat = potential pressure on gold
🛠️ 16:45 – Flash PMIs (Manufacturing & Services)
Manufacturing: 49.9 → contraction
Services: 51.0 → weak expansion
💥 This is the real bias decider. Two beats = gold down. Two misses = gold up. One of each = chop zone.
🌍 G7 Meetings – All Day
Geopolitical tension brewing? That’s the stealth trigger gold always loves.
🧠 MACRO STRUCTURE OUTLOOK
• HTF still shows price moving inside key supply
• D1/H4 momentum looks bullish but stretched
• No clean HTF BOS, and no new structural dominance post-May 21 sell setup
⚠️ Translation: Rally looks strong but smells like trap. NY session will expose the truth.
🗺 GOLDMINDSFX SNIPER ZONE MAP ✅
🔴 SUPPLY / SHORT BIAS ZONES
• 3355–3364
→ H1/H4 supply + internal sweep zone
→ Primary area for fakeouts/premium fades
• 3385–3395
→ Old POI + unmitigated H4 OB
→ Algo zone for stop-hunt before dump
• 3418–3427
→ Daily imbalance extension
→ Low-touch, high-R:R trap — news only
🟢 DEMAND / LONG BIAS ZONES
• 3315–3308
→ H1 OB + micro break zone
→ Must hold for bullish continuation
• 3298–3288
→ Post-CHoCH FVG + OB = sniper buy zone
→ High-prob bounce zone
• 3270–3260
→ H4 breaker + old demand
→ Key flip zone — if lost, bears take control
• 3236–3228
→ D1 OB + FVG tail
→ Only valid in a meltdown. Deep liquidity final boss.
🎯 CONTROL ZONE: 3315–3308
→ Holds = bulls stay in the game
→ Breaks = we open the door to 3288–3260 slides
⚔️ PLAYBOOK
✅ BULLISH SCENARIO
News comes in weak → price sweeps 3308 or 3288 → reclaims on M15
→ Enter on confirmation
❌ BEARISH SCENARIO
USD data strong → gold nukes 3308 → flips it to resistance
→ Short confirmed rejection at 3355 or 3385
⚠️ TRAP SCENARIO
Expect first move post-news to be fake. Spike above 3355 or below 3308 is bait.
→ Real sniper entry = the second move, after reclaim or rejection with structure
🎯 FINAL WORD
No confirmation = no entry.
The market doesn’t care how you feel. It only respects execution.
“Structure is the setup. News is the trap. Your job is to wait.”
If this helps you stay clear and deadly — drop a 🚀 and follow for sniper-grade clarity daily.
📌 Important Notice!!!
The above analysis is for educational purposes only and does not constitute financial advice. Always compare with your plan and wait for confirmation before taking action.
XAU/USD 22 May 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:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
In my analysis from 12 May 2025, I noted that price had yet to target the weak internal high, including on the H4 timeframe. This aligns with the ongoing corrective bearish pullback across higher timeframes, so a bearish internal Break of Structure (iBOS) was a likely outcome.
As anticipated, price targeted strong internal low, confirming a bearish iBOS.
Price has remained within the internal range for an extended period and has yet to target the weak internal low. A contributing factor could be the bullish nature of the H4 timeframe's internal range, which has reacted from a discounted level at 50% of the internal equilibrium (EQ).
Intraday Expectation:
Technically price to continue bullish, react at either premium of internal 50% EQ or M15 demand zone before targeting weak internal low priced at 3,120.765.
Alternative scenario:
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.
Note:
Gold remains highly volatile amid the Federal Reserve's continued dovish stance and persistent 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:
Gold consolidates. Changing trend?Asian market: Gold continues to rise, and the current highest is near the high of $3345.
The next trend is very critical, let's look at it from the 4-hour chart.
It can be seen that there is absolute suppression at $3340. It is just near the top of the trend line, and it is difficult to break through directly.
Therefore, it will definitely be maintained near $3340 for consolidation in the future.
In addition, from the 1-hour chart:
I think the most critical bottom support position today is $3315. As long as gold is above this point, it will be in a consolidation and rise, or it will be maintained at $3315-3340 for consolidation. The position above that needs to be paid attention to is near $3350. Once it breaks through $3340 and stabilizes above $3350, gold may rise further to test $3360-3370.
However, if gold falls below $3315, it may trigger a sharp decline.
Operation strategy:
I suggest you focus on the fluctuation range of 3315-3340 USD and buy low and sell high.
However, it should be noted that once the upper or lower range is broken, you should be alert to the possible trend change.
Is the gold price far from 3,400?Information summary:
The trade war is a continuous war, and it has just begun. During Trump's four years in office, trade conflicts will continue to occur. Trade conflicts are means, not ends. The goal of the United States is to transfuse blood to its own economy through trade negotiations.
In addition, US inflation fell to a historic low of 2.3% in April. The Federal Reserve has not cut interest rates on the grounds that inflation will rebound. The Federal Reserve can't hold on for long. Cutting interest rates is the only antidote to boost the economy, and it is also a special medicine.
Next, once the Federal Reserve releases the wind of interest rate cuts, the market's risk aversion will be ignited again. In June, 6 trillion US bonds will mature. Regardless of the result this time, market sentiment will be worried, which is the key to driving price fluctuations.
Market analysis:
The 1-hour gold price broke through yesterday's high of $3,320. The previous pressure formed a new top-bottom conversion position, and the strong market was only a small correction in the middle. There is no need to worry about whether it will peak, but there must be a standard for judging the peak; this standard is: breaking the support position before the last decline, and the second rebound does not set a new high.
Operation strategy:
Go long when the price falls back to around $3,330, stop loss at $3,320, and profit range at $3,365-3,380.
Gold 1-Hour Breakout Play • 3 210 3 340 • R : R 1 : 4🔍 Quick Chart Take
* 📉 Overall trend: down (still under the 200-MA)
* 🔺 Pattern forming: ascending triangle / wedge ➡️ potential breakout
📦 Zones
* 🟢 Demand / Entry: 3 181 – 3 210
* 🚧 Resistance cap: 3 235 – 3 250
* 🎯 Target: 3 340
⚔️ Trade idea
* ✨ Long at 3 210
* 🛑 Stop-loss 3 181
* 🏆 Take-profit 3 340
* 📏 R : R ≈ 1 : 4
👀 Watch for
* ✅ 1-h close above 3 250 ➡️ breakout confirmed
* ❌ Break of rising trendline or dip under 3 181 ➡️ idea dead
* 🗓️ Upcoming USD news (flag icon) & Dollar Index moves
🔑 Bottom line: Bullish pop inside a bigger bear trend—momentum play, keep the stop tight!
[20250522] - Gold Overview1️⃣ Market Overview:
📌 Recent Closed: 3315
📌 Bullish sentiment confirmed above (3265)
📌 Key reversal threshold: (3296)
2️⃣ Key Observations:
✅ Price above (3253) suggests continued bullish bias.
✅ Recent High 3320—watch for a strong breakout or exhaustion.
✅ Next liquidity Range: 3337 (upside), 3264 (downside).
3️⃣ Potential Scenarios:
🔹 Bullish Continuation: Closing above 3320 confirms momentum toward 3337.
🔹 Bearish Exhaustion: Failure to hold 3296 could trigger a reversal toward 3253.
🔹 Invalidation: 💡 A break below 3296, failing Bull POC (3265), would shift sentiment bearish.
4️⃣ Entry & Target Levels:
🔹 Bullish Entry:
✔️ Price holding above 3296 strengthens bullish sentiment.
✔️ A confirmed break above 3320 opens room for a run toward 3337 liquidity zone.
🔹 Bearish Entry:
✔️ If price fails to sustain above 3296, watch for confirmation near 3253 VAH.
✔️ A strong rejection leads price toward next liquidity at 3264.
🎯 Targets:
Upside: 3320 breakout leads toward 3337 liquidity zone.
Downside: Failure at 3296 opens movement toward 3264 liquidity support.
📢 Your Thoughts? Drop a comment and let me know what you think! 🚀
XAUUSD Daily Sniper Plan – May 22, 2025 Structure Wins. Noise Gets Trapped. Let’s Get Paid.Only Snipers Survive.
Hey traders, GoldFxMinds here! Big day for gold tomorrow, with major USD news set to trigger volatility. Here’s how to stay ahead of the crowd — and not get hunted.Here’s your big picture, bias, and every level that matters.
📈 Macro Structure (D1/H4)
Bias: Bullish-to-neutral as long as 3290 holds.
Trend: Higher highs & higher lows. Price is in accumulation, not distribution, waiting for a real breakout.
News:
• USD Unemployment Claims
• Flash Manufacturing & Services PMI
• Existing Home Sales
— All high-volatility triggers!
🕹️ SCENARIOS & SNIPER PLAYBOOK
🟢 BULLISH SCENARIO
News comes in weak for USD, gold holds 3320–3313 or sweeps 3302–3292 and instantly reclaims.
Action: Long only on M15–M30 confirmation
Targets: 3357–3362, then 3380–3388, with runners possible up to 3408 or even 3427 if the squeeze goes wild.
🔴 BEARISH SCENARIO
Data is USD bullish; gold breaks & holds below 3302–3292.
Action: Sell rallies into 3320–3313 (now resistance) or on M15/M30 rejection at 3357–3362/3388 ONLY if you see a hard reversal
Targets: 3287–3282 (first), then 3266–3258, finally 3238–3230 if selloff accelerates.
🟠 FAKEOUT/WHIPSAW
Expect first move after news to be a liquidity hunt – stop run above 3357 or below 3292.
Sniper move: Wait for the fake, then take the reversal with confirmation – not the first spike.
🎯 TRADE EXECUTION GUIDELINES
Never chase news. Let the stops get hunted, then strike with confirmation only at key levels.
Use the level context:
Reversal/fakeout = wait for rejection, don’t front-run.
Sweep and reclaim at demand = sniper buy.
No confirmation = no entry.
Plan for volatility windows: 2:30pm – 4:00pm is where the traps are set.
👀 EYES ON TOMORROW
BUY ZONES: 3320–3313, 3302–3292, 3287–3282
SELL ZONES: 3357–3362, 3380–3388, 3400–3408, 3420–3427
Control pivot: 3320–3313 decides intraday bias after news
Gold doesn’t care about your FOMO. Structure tells the truth.
Drop a comment if you want this style daily, smash like & follow for sniper-level clarity, and stay patient — the real trade comes when everyone else gets trapped.
Stay sharp!
GoldFxMinds 🚀
How to arrange after gold falls into consolidation🗞News side:
1. US officials said Trump's statement was related to the Golden Dome Project, which may affect the flow of funds
2. The tension in the Middle East has intensified, and the risk aversion sentiment has increased, which is good for gold
3. Although the withdrawal of Indian and Pakistani troops has eased the regional situation, geopolitical risks still exist
4. Trump mentioned the tax bill, which affected economic expectations and affected gold investment sentiment to a certain extent.
📈Technical aspects:
At present, gold is in consolidation, and the upward trend is slightly stagnant. From the hourly chart, there are signs of downward correction after the upward test of 3320. In the short term, the upper 3320 line has a certain suppression, so gold may test the support again and then rise after stabilizing. Then the first support below is the 3292 line, followed by the 3285 line. If it falls below, it may test the two key support points of 3273 and 3265. The current trend is not clear. In the future trading, we will wait patiently for the gold price to stabilize before entering the market.
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.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
Will gold continue to rise as risk aversion heats up?
📌 Gold driving factors
At present, the current market sentiment has turned cautious, driving safe-haven funds into gold. Previously, Moody's downgraded the US sovereign credit rating, and President Trump's promotion of a large-scale tax cut bill is expected to be passed by Congress, further strengthening the theme of "selling the United States" and exerting continuous pressure on the US dollar.
In addition, the resurgence of disputes between the United States and China on the chip issue, and the news that the Group of Seven is considering imposing tariffs on cheap Chinese products, have exacerbated the uncertainty of the global economic outlook, further suppressing the US dollar, while supporting gold, a traditional safe-haven asset, to an eight-day high. Gold prices also benefited from the heating up of geopolitical tensions. CNN reported that several US officials revealed that Israel is preparing to launch a strike on Iran's nuclear facilities.
📊Commentary Analysis
The current market is still running in a range of shocks. Therefore, the US market is still trading repeatedly around the range for the time being. For the time being, the small range will temporarily look at the 3320-3285 line!
💰Strategy Package
Gold: Short when it retreats to around 3325-3320, stop loss at 3330, target around 3290! For long orders, look at the support situation and then enter the market at the right time!
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Will spot gold prices continue to rise?Spot gold prices extended their upward trend ahead of the U.S. market open, briefly touching the $3,320 level intraday. According to foreign media reports, U.S. House Speaker Johnson stated that Republicans have reached an agreement to raise the state and local tax (SALT) deduction to $40,000, resolving one of the final issues impeding Trump's economic bill. Following the release of the April trade statement, investors' "unconventional shift" away from traditional safe havens like the U.S. dollar and Treasury bonds may signal a "fundamental institutional change," increasing the risk of "broad-based shifts in global capital flows" that "could have far-reaching implications for the global financial system."
After opening higher today, gold traded within a volatile range. Following a second retracement near $3,290, gold is again likely to test upward resistance. Overall, gold remains in a bullish channel, and barring a break below key support, the probability of continued upside remains high. For today's trading, consider prioritizing long positions on pullbacks as the primary strategy, with short positions at highs as a secondary approach. Monitor resistance at the $3,325-$3,350 level and support at the $3,290-$3,280 level.
Trading Strategy:
buy@3280-3290
TP:3310-3320
In the market, there are no absolutes, and neither upward nor downward trends are set in stone. Therefore, the ability to judge the balance between market gains and losses is your key to success. Let money become our loyal servant.
Gold Short-Term Trading StrategyYesterday, gold broke through the resistance at $3,252 and surged rapidly 🚀! It is now just a step away from the $3,330 bullish breakout target mentioned on Monday 🌟. Today's price has traded in a range of $3,285 to $3,320, and with the 4-hour chart closing lower, the market is likely to experience further consolidation ⏳.
Short-term support for gold is near $3,280 ⏬, while the upper resistance is at the existing high of $3,325 ⏫. A breakthrough above $3,325 would shift focus to the $3,350 area 🏹!
Trading recommendations:
buy@3280-3290
tp:3320-3330
Professional trading strategies are pushed daily 📊
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Gold is rising strongly, can it retreat and go long today?🗞News side:
1. US officials said Trump's statement was related to the Golden Dome Project, which may affect the flow of funds
2. The tension in the Middle East has intensified, and the risk aversion sentiment has increased, which is good for gold
3. Although the withdrawal of Indian and Pakistani troops has eased the regional situation, geopolitical risks still exist
4. Trump mentioned the tax bill, which affected economic expectations and affected gold investment sentiment to a certain extent.
📈Technical aspects:
Yesterday we gave the view that there would be suppression at the 3290 level above, but affected by geopolitics, risk aversion sentiment rose again. Today, the moving average spread upward, and the Bollinger Bands opened and expanded, and the situation is still bullish. At present, we need to pay attention to the key short-term support level, focusing on the 3280-3285 support line. If the price retreats to this level and does not weaken, it can be considered as an opportunity for us to go long. If the resistance of 3320 is broken through strongly, the upper target will move up, and the lower support will also move up accordingly. 3300 will be converted into an entry opportunity for bulls to pull back. Therefore, we need to observe the price continuity in the European session. If the European session continues to break highs, the US session's correction will still be mainly based on long positions. During the day, it is recommended to wait for gold to retreat to 3290-3280 and try to arrange long positions, looking upward to 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.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
5/21 Gold Trading SignalsGood afternoon, everyone!
In yesterday’s trading, our buy-side positions performed well, but unfortunately, sell orders around 3280 weren't closed in time, resulting in a partial loss of profit.
Today, gold has shown impressive strength, breaking above the 3300 level and forming an irregular inverse head-and-shoulders pattern. Technically, this implies further upside potential.
🔍 Based on price action and technical patterns, this rally could extend beyond 3330, and even test 3350+. However, the 3346–3369 zone marks a strong resistance band, making it an ideal zone for medium-term selling opportunities.
📉 On the downside, we identify the first major support at 3278, followed by the 3261–3246 zone.
📰 On the news front, several Fed officials expressed economic concerns in speeches early this morning. Meanwhile, reports of Israel preparing to strike Iran’s nuclear facilities fueled safe-haven demand, pushing gold strongly back above the 3300 mark.
📌 Today's Trading Strategy:
Sell between 3346–3373 (consider scaling in)
Buy between 3260–3243
Flexible trading in the zones: 3338 - 3326 - 3318 -3309 -3298 - 3288 - 3272
Lastly, a heartfelt thought:
Living in a peaceful country like China, it's truly heartbreaking to see so many innocent children suffering or even losing their lives due to war. Let us hope for peace soon—so all people may live safely, freely, and happily.
gold on buy#XAUUSD have regain the pivot support which shows bullish continuation can follow. Multiple entry's shows buy, 3294.7,3304 and 3314.6
Below 3294.7 will kick start bullish target 3346, stop loss 3282.
Below the 3273 have a strong bearish breakout which will drop the price. But depending on H4 if prices closes above 3307 then possible sell can follow from there unless price is above 3314.6
How to grasp the bottoming out and rebound of gold prices?Gold rebounded from 3229 today and then retreated from 3232. It rebounded from 3204. Gold fluctuated upward in the European session. So far, it has fluctuated from 3237. Our short position was successfully closed this morning. At present, we will focus on the short-term suppression at 3240-45 and the important suppression at 3253-60. If the rebound does not break, we will go short.
From the 4-hour line analysis, the support below continues to focus on 3170-75, with strong support at 3150. The short-term pressure above is at 3240-45, and the key pressure is around 3253-60. The overall support range is to maintain the main tone of high-altitude and low-multiple cycles. For the middle position, watch more and do less, and be cautious in chasing orders.
Gold operation strategy:
1. If gold rebounds to 3240-45, short it; if it rebounds to 3253-60, cover short position; stop loss 3266; target 3205-10; if it breaks, continue to hold;
2. If gold falls back to 3170-75, long it will be lightly long; if it falls back to 3150-55, cover long position; stop loss 3144; target 3226-3230; if it breaks, continue to hold
The latest gold operation strategyFrom a technical perspective, gold has been strong recently. Spot gold closed at $3,289.54 per ounce on Tuesday, and further broke through $3,300 in early trading on Wednesday, reaching a high of $3,304.06, a new high in more than a week. In the short term, gold prices need to break through the key resistance level of $3,370 to open up further upside space; $3,150 has formed a solid support below. If there are new variables in the geopolitical situation or economic data, gold prices may even challenge the $3,400 mark. Based on the current trend, the trading idea on Wednesday is clear: wait for the price to fall back and continue to intervene in long orders around 3,300, and maintain a bullish strategy.
Gold is recommended to go long in the 3300-3305 area, stop loss at 3292, target at 3315-3330
Trend trading is the core strategyGold opened at 3290 and rebounded, reaching 3314 and retreating. Last night, gold broke through the box and oscillated, so it is reasonable to continue to move up. The gold moving average continues to cross upward and diverge. The strength of gold bulls is still there. The decline of gold is an opportunity to continue to go long. Gold is now at the top and bottom conversion position of 3275-85. Gold falls back to 3275-3285 and continues to go long. Gold has repaired the gap of the previous gap. In the short term, pay attention to the suppression of 3315-21. Try not to chase the high position. We will intervene in the long position when it falls back.
Today, the support below is around 3275-85, and the upper short-term focus is on the 3315-21 line. If it does not break, you can short. The important resistance is 3340-45. The short-term long-short strength and weakness watershed is 3253-60. The daily level stabilizes above this position and continues to maintain the same low-long rhythm. Shorting can only enter the market at key points, and enter and exit quickly, and do not fight.
Gold operation strategy:
1. Go long when gold falls back to around 3275-85, with a target of 3300-3320.
2. Go short when gold rebounds around 3340-45, with a target of 3320-3300.
Analysis of gold market trend in European sessionAlthough tariffs have been reduced, they are still at a high level. The risk of economic recession seems to be reduced, but the risk of rising interest rates is increasing, which will undoubtedly further suppress the US dollar and benefit gold. After the gold bulls successfully broke through the box shock range, they started a strong upward mode and advanced all the way. At present, there is a need for a callback on the 1-hour chart. Although the moving average is golden cross upward and the bulls are arranged and divergent, the bulls are strong. In the afternoon, gold rebounded quickly when it fell back to around 3298, and this position formed a strong support. Such a substantial breakthrough in the market has strong trend continuity, but the strength is obviously insufficient. At present, the upper resistance is 3317-3322, and the lower support is 3300-3295. It is recommended to rebound and short.
It is recommended to short at the rebound of 3315-3320, with a stop loss of 3325, and the target is 3300-3280.
Inverse H&S + Triangle = Gold’s Perfect Setup for a BreakoutAs I expected in my previous idea , Gold ( OANDA:XAUUSD ) started to rise after a correction and made another attack on the Resistance zone($3,280-$3,245) .
Gold is currently moving near the Resistance zone($3,280-$3,245) and Yearly Resistance (2) .
If we look at the Gold chart from a Classic Technical Analysis perspective, two Classic Patterns are clearly visible.
1- Inverse Head and Shoulders pattern , which is a good sign for a Resistance zone($3,280-$3,245) breakout.
2- Symmetrical Triangle Pattern is also a sign of a continuation of the recent bullish trend
In terms of Elliott Wave theory , Gold seems to have completed the corrective waves , and we can expect the start of an impulsive wave . Breaking the Resistance zone($3,280-$3,245 ) can be a good sign for the start of an impulsive wave and a gold pump .
I expect Gold to trend higher in this week , and the first sign could be a break of the Resistance zone($3,280-$3,245) . The targets are clear on the chart.
Note: If Gold touches $3,179 , we should expect a drop.
Gold Analyze ( XAUUSD ), 1-hour time frame.
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